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  • #821
  • Nov 16, 2017 7:12am Nov 16, 2017 7:12am
Quoting WDays
{quote} If you mean to say looking to fill up the void, then yes, you're right
I was thinking the break of the right shoulder of the head & shoulders pattern is a break against the dominant pressure (on this timeframe) & the big players
brought price below the orange line to get longs to sell out and to trap new short sellers. That's why I thought big players were looking for liquidity. Obviously
there's a big void as well which will get filled at some point I would think, but.....and I really can't put this into more technical terms, but big moves tend to not get countered so quickly.

Anyway I've only watched the liquidity video once. Before these posts I planned on watching it several more times.
  • #822
  • Nov 16, 2017 7:26am Nov 16, 2017 7:26am
Quoting Tyrion24
{quote} I was thinking the break of the right shoulder of the head & shoulders pattern is a break against the dominant pressure (on this timeframe) & the big players brought price below the orange line to get longs to sell out and to trap new short sellers. That's why I thought big players were looking for liquidity. Obviously there's a big void as well which will get filled at some point I would think, but.....and I really can't put this into more technical terms, but big moves tend to not get countered so quickly. Anyway I've only watched the...
Oh I see, yes, you are right in the shorter term. Sometimes there are quiet sessions like today, where the main goal is to strike out retail traders by setting up what would appear to be breakout trades, only to fake traders out of their positions.

Wonder if there will be enough kick for such a development today (minus the decline), or they will leave it off for later on.
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  • #823
  • Nov 16, 2017 7:37am Nov 16, 2017 7:37am
Quoting WDays
{quote} Oh I see, yes, you are right in the shorter term. Sometimes there are quiet sessions like today, where the main goal is to strike out retail traders by setting up what would appear to be breakout trades, only to fake traders out of their positions. Wonder if there will be enough kick for such a development today (minus the decline), or they will leave it off for later on. {image}
So glad you agree with me...and presently price action agrees too. See I told you I learned something from your video

Still gonna watch them a few more times.

Thanks WDays!
  • #824
  • Nov 16, 2017 7:37am Nov 16, 2017 7:37am
Thanks for this thread Alex. I've been lurking for a while and trying to get an understanding of the concepts here which are deceptively simple at their root but less so in the heat of battle.

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I'm thinking the sellers below the H&S neck have been blown away, now its the turn of the buyers above the trendline to get burned
  • #825
  • Nov 16, 2017 7:57am Nov 16, 2017 7:57am
Quoting Tyrion24
{quote} So glad you agree with me...and presently price action agrees too. See I told you I learned something from your video Still gonna watch them a few more times. Thanks WDays!
Glad to hear that, it's good stimulus for me to keep making them I appreciate any kind of feedback, don't be shy.
  • #826
  • Nov 16, 2017 9:10pm Nov 16, 2017 9:10pm
Quoting WDays
{quote} Oh I see, yes, you are right in the shorter term. Sometimes there are quiet sessions like today, where the main goal is to strike out retail traders by setting up what would appear to be breakout trades, only to fake traders out of their positions. Wonder if there will be enough kick for such a development today (minus the decline), or they will leave it off for later on. {image}
Thanks again for replying to my follow up post. I spotted a place where the big players were looking for liquidity which is great but I had no idea where to put a target for going long. Your reply with a chart and the fib retracement lines cleared that all up. Approx. 10 min. ago price just went up to the 61.8 fib level. I either missed that
in your liquidity video or perhaps you didn't include it. I still haven't watched the video a 2nd time, this weekend for sure....actually I'm going to try to re-read this entire thread.
  • #827
  • Nov 16, 2017 11:10pm Nov 16, 2017 11:10pm
Quoting WDays
There you go, as promised. Answering questions here & in comments. https://youtu.be/QzzN163efa4
thanks wday for the video, really appreciate it. now getting understand on liquidity. and agree with tyrion24 to reread the entire thread to get more understand
  • #828
  • Nov 17, 2017 1:14am Nov 17, 2017 1:14am
wday, thanks for the video. I appreciate it that you share your knowledge with us.

Cheers
  • #829
  • Nov 17, 2017 2:35am Nov 17, 2017 2:35am
Quoting Tyrion24
{quote} Thanks again for replying to my follow up post. I spotted a place where the big players were looking for liquidity which is great but I had no idea where to put a target for going long. Your reply with a chart and the fib retracement lines cleared that all up. Approx. 10 min. ago price just went up to the 61.8 fib level. I either missed that in your liquidity video or perhaps you didn't include it. I still haven't watched the video a 2nd time, this weekend for sure....actually I'm going to try to re-read this entire thread.
No, you're right it wasn't mentioned in the liquidity video. We covered that in the fib video. I showed you market taking out liquidity above the recent highs, drew the fib with the expectation of a retracement, which as we already said should reach inside the 61.8 - 78.6 fibo levels.
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  • #830
  • Nov 17, 2017 3:43am Nov 17, 2017 3:43am
hi wdays! yesterday, after watching one of your videos, i slapped a fib on the hourly chart of gbpnzd......waiting for the retracement. as you can see by the circle, price hit 70.2 fib EXACTLY and began going up again!! i am a HUGE fan for sure!!

my question: how do you predict how high price will go? as you can see, i got in too early (around the 38.2 fib) and got out too early!! i got in again and AGAIN got out too early!! still made over 200 pips on this pair and augjpy overnight, but need alot of practise on entries and target!!

thank you VERY much for this thread and your time and effort!!

p.s. i placed the purple fib on the most recent hi and low on the hourly (the light blue line shows the main fib levels)
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Mother of Pips
  • #831
  • Nov 17, 2017 7:21am Nov 17, 2017 7:21am
Sadly stopped out for b/e, didn't reach 30 pips in profit.
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  • #832
  • Nov 19, 2017 9:16am Nov 19, 2017 9:16am
Hello everyone, I updated the first post a little bit. Youtube videos are in focus now. Two more videos left, the one on KSR/S&D zones and a major recap on everything, featuring live examples - a rather big project that may take longer.

I will also do a little something on trading psychology and trading mindset based on my own personal experience, kind of like the x-mas special I released last december. You can find it in the thread, or in my youtube channel - www.youtube.com/1337WD

Have a good weekend
  • #833
  • Nov 19, 2017 9:24am Nov 19, 2017 9:24am
cheers m8
  • #834
  • Nov 19, 2017 9:29am Nov 19, 2017 9:29am
Thanks, much apreciated.
  • #835
  • Nov 22, 2017 9:05am Nov 22, 2017 9:05am
Quoting WDays
Hello everyone, I updated the first post a little bit. Youtube videos are in focus now. Two more videos left, the one on KSR/S&D zones and a major recap on everything, featuring live examples - a rather big project that may take longer. I will also do a little something on trading psychology and trading mindset based on my own personal experience, kind of like the x-mas special I released last december. You can find it in the thread, or in my youtube channel - www.youtube.com/1337WD Have a good weekend...

Thank you Wdays for your video. Could you please look at USDJPY, i found a demand there ( the last bearish candle before a rally), i hope it right, but i dont know. Let me know your opinion.
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  • #836
  • Nov 22, 2017 3:03pm Nov 22, 2017 3:03pm
Quoting pipqueen18
hi wdays! yesterday, after watching one of your videos, i slapped a fib on the hourly chart of gbpnzd......waiting for the retracement. as you can see by the circle, price hit 70.2 fib EXACTLY and began going up again!! i am a HUGE fan for sure!! my question: how do you predict how high price will go? as you can see, i got in too early (around the 38.2 fib) and got out too early!! i got in again and AGAIN got out too early!! still made over 200 pips on this pair and augjpy overnight, but need alot of practise on entries and target!! thank you VERY...
Hi there, for some reason I completely forgot to answer, I'm so sorry.

Well for one thing, I don't use the 38.2 and 23.6 levels. I focus only on the 61.8 to 78.6 area, that's my cue to enter. As far as exits and targets, I've mentioned in a few of the videos that I use different tactics. Sometimes I will use a preset TP when I'm not expecting a large move, I will target old highs or lows, or maybe S/D zones... One thing is sure, I won't use fibs for my exits, nor will I use ADR or any other completely random tool to time my exit.

In my opinion, targetting levels of support or resistance (and what I mean by that is a level where I expect price may reverse or halt) is the most accurate. However, when you do that, there's always a chance that an intraday trade turns into a swing trade, which carries its own risk (of stop hunts being executed, fat thumbs and so on), and essentially. I've said it before, I don't really think anything outside of intraday or perhaps very short term swing trading (a couple of days or so) fits Forex trading, because there are nearly no brokers that offer reasonable swaps and commissions for positions held over night. And if I pay the equivalent of a few pips in terms of swaps and commissions and my trade goes to b/e, I tend to get more upset than if I had just gotten out much sooner.
  • #837
  • Nov 22, 2017 3:23pm Nov 22, 2017 3:23pm
It's nice to see new people taking up interest in the thread. What you need to remember is, all the tools displayed throughout the thread are meant to be used in conjunction. You can't just solely rely on one component, in order to make the most out of this method (I dare not call it a system), you have to work it all simultaneously. And I know it's hard, and there's a lot to absorb, but there are no shortcuts. The picture may only become clear once you've gotten the hang of everything we're talking about in here. So take the time, demo or even paper trade the markets looking for these patterns. I can only point them out for you, the rest of the effort should be carried out by each and every aspiring trader.
  • #838
  • Nov 22, 2017 3:25pm Nov 22, 2017 3:25pm
Quoting fibopedia
{quote} Thank you Wdays for your video. Could you please look at USDJPY, i found a demand there ( the last bearish candle before a rally), i hope it right, but i dont know. Let me know your opinion. {image}
The video on S/D is coming real soon, this week I hope. Stay tuned. By definition, yes, it's a Dz.
  • #839
  • Nov 22, 2017 7:25pm Nov 22, 2017 7:25pm
the USDX now sitting at 78.6 fibonacci level at daily chart, i am not sure if it will hit 88.6. Seems all usdpairs still waiting.
  • #840
  • Nov 22, 2017 7:29pm Nov 22, 2017 7:29pm
Quoting fibopedia
the USDX now sitting at 78.6 fibonacci level at daily chart, i am not sure if it will hit 88.6. Seems all usdpairs still waiting.
Might be something to do with the fact it's Thanksgiving Day in a few hours, lol.
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