S/R Monthly pivot PA trading!

I never said weekly pivots were better i said to not trade monthly pivots.. Ones ability to trade the monthly pivots goes a lot further than just doing it and must be done with understanding of price action and having the confidence and knowledge of what price is telling you.. The signs are there, Learning these signs is what one must learn..

Happy Hunting!!!

GU...MP trade!!!

Happy Hunting!!!

NU.... Another MP trade!!!


Happy Hunting!!!

EN... MP short...


Happy Hunting!!!

Hello Brian.Nice thread.I was on E/U trade too.
G/J failing to break upper,meantime U/J is on previous day range...not sure about G/U but U/J seems a good opportunity to short.

Hello Moskhann.
Nice trade.
It's interesting how A/U retrace was not only from WR100 but also from previous big down break level.
May I know why you setted Sell Stop order around 0.7588 level?

U/J trade update:
First target hit,second target missed by a few pips and failed...Despite still in little profit,that was not a good trade at all...Neither direction or timing was choosen right...
Has anyone traded yesterday?

Seems like not much is happenning in this thread...
Here is something interesting:
G/U chart

Now let's take a look at other pairs:
E/U

U/Cad

If you look at E/U-it broke previous day low while G/U was higher then previous day low,then G/U found support and went up,despite E/U previous day low was broken it moved up as G/U...A/U,N/U also moved up and U/C moved down while U/J in range and U/Chf moved even higher...
U/J not moved much(in range)...does that mean a possible down break somewhere near Asia open time?

G/U trade today:

Apparently need to work on timing...
Remember what i said in my previous post?
Look again:



Interesting how U/J falled down while other pairs was sort of range...

Hello Brian.
Is it good to continue?Seems like I am the only one who is posting...

Nice system BrianRay! Could you please share your CSM indicator, please?

I will continue...don't want to open a new thread...
A couple of trades from this week:
G/U:

A/U(missed this one):

Note how E/U and G/U also moved with A/U after a litlle up move...
Today E/U(failed):

Interestingly most of setups occuring between 8-11 GMT time...

Hope this is what you were looking for!!

Nice trading WSoar!!!

Thanks Brian.
The reason I started to post here is after you refused to trade pivots you showed some trades were you used price action and levels...this is something what I trade
myself but my knowledge is limited...so I just observe market and try to find interesting things which I can use in my trading.
Another interesting thing-If we look at G/U pair it has ADR around 80-90 pips and if we time the trade properly we can achieve 30-40 pips with high probability,some days it ranges but most of the time it can bring those 30-40 pips atleast...
Here is the today G/U trade which I entered from home PC before I went to work:

As you can see 40 pips done in a matter of couple of hours with good and steady move despite no news at London session...also if we look at other pairs-they moved same direction too.
I don't take into account news releases results I think news just can boost up liquidity...If we compare yesterday and today for G/U:
Yesterday there was news release for Gbp at 8:30(GMT) so G/U moved down before it and after news release it spiked down a little and went up after US building permits(I don't think building permits have any significance for Gbp) despite the bad numbers on Gbp news...
So all in all:
1.Direction
2.Right timing
3.Observe whenever your trade can achieve your target.
This three I think is most crucial and sadly I have problem with them

Something about currency pairs correlation:
If we look at yesterday pair moves:

We can see that
G/U E/U A/U N/U were moving up at London session and little down after New York session.
U/C U/C U/J were moving down at London session and little up after New York session.
Today was news for AUD at 1:30(GMT):

After news A/U moved up to resistance area and went down...if we assume that we were trading that move-entry would been around 5(GMT) candle...
Look how G/U E/U N/U also moved down after 5(GMT) candle!
And U/C U/C U/J also moved up after 5(GMT) candle!

Today I haven't seen any levels for possible entrys.
On New York session there was news for Cad...I may be wrong but I looked at yesterday price movements of all major pairs:
While other pairs turned back after New York open U/C continued to move higher(more like range but still).
My assumption is that traders wanted to keep it higher till next day and then on news dump it...keeping in mind that U/C is looks more like in an uptrend this down move was more like profit taking...I spotted this yesterday and thinked about it but was scary to pull the trigger even though it's just demo account...
P.S.-Brain I got your message.I have no idea what discord is and how to participate...

Hello everybody.
Today G/U trade:

On Asian session it failed to break through resistanse level and then after London session opened it moved to that level again but failed so I decided to go short.
The interesting things:
1.First move down missed my 40 pips Take Profit by few pips.
2.Right after trade was around +30 pips in profit I was thinking to set my Stop Loss to breakeven +3-5 pips but I didn't...you can see that if I did move it to breakeven it would be hitted by 14:00(it's GMT+3) candle...
Ok.
I was reading some stuff on the internet here and there and found some interesting things.
1.Most brokers on there websites wright something like this-Prices are indicative only and may not represent current value.
And what we will do if it may not represent current value?We see price feed updates every time in our trading platforms,yet we are using "second hand" information about price or what?We probably could say that because prices are diferrent by few pips from broker to broker so not a big deal,a few pips "threshold" is ok...but how do we know that is only few pips?Maybe it's 10,30,50 pips?
That "Prices are indicative only..." I don't like or I don't understand something...


2.Liquidity providers.Here is from investopedia:

A core liquidity provider is an underwriter or a market maker that is a sizable holder of a given security or that facilitates the trading of the security. Core liquidity providers ideally bring greater price stability and distribute securities to both retail and institutional investors.

Core liquidity providers can be either the buyer or seller in a transaction. Functionally, they bridge the gap between market participants. They quite literally make a market for an asset by offering up their holdings for sale at any given time while simultaneously also actively buying. This effectually allows a market for a security to function and facilitates higher volume trading. They allow long-term investors to buy or sell stock whenever they want to, without having to wait for another long-term investor looking to do the opposite. By bringing stability to the market for a security, core liquidity providers make it possible for hedging strategies to be effective, such as farmers that hedge against a drop in crop prices and food production companies that hedge against a rise in the cost of ingredients.

I am not sure how to use this info in trading but those Liquidity Providers apparantly know well what they are doing...maybe they even know the price level ahead of time...

Hello everybody.
The month is almost ended.
There was 17 trades 5 out of them were profitable...despite the bad hit rate I am still +0.8% positive.Is it a good result?Off course not.But atleast I didn't "blow" my account...
Apparantly using only technicals(levels,S/R,trendlines) not a very good idea...we have fundamentals also but I have no idea how one could use a dozens of fundamental pieces in intraday trading...
Here is my thoughts:
Mechanical trading system(some people call it "no-brainer trades") doesn't bring any valueable results.It don't have enough stability in outcome,actually any trading system is going to fail because if it rigid setups,if somebody is profitable using so called systems that's mostly because of it's own experience and practice.
Examples are many...like support/resistance,pivots,candlestick patterns etc...if you will pull the trigger any time you see price is approaching support/resistance(pivot,doji,trendline break) you will end up in a loss for sure.
Trading systems are engineered for a certain market conditions they programmed for.

Fundamental analisys and trading-maybe it has some value for that traders who are trading(or maybe investing is a better word?) and hold there trades for months but I don't think it's a good approach for intraday traders...I mean if intraday trader will watch at every fundamental data he will not only get mixed thoughts but will be scary to pull the trigger...that's too many information you will be "overloaded" by.

Indicator based systems-well I have no idea what do those people who are trading with "help" of indicators thinkBut I know for sure they will fail.

So...what will work?
Market is dynamic so we need to find some method(not a system) with enough adaptability to trade in dynamic market.Easy to say not easy to do

Hello everybody.
New day new interesting thing.
Price manipulation.
To buy something you need somebody to sell it to you.This thing seems common in real life but I see many traders don't quite understand it...
If you want to buy at 1$ but current price is at 1.1$ nobody will sell it to you at 1$ right?So you need to manipulate somehow(e.g. saying that something that you want to buy today at 1$ will cost 0.8$ tomorow but you need it right now so will do him a favour and buy it at 1$ now...)
So what it has to do with trading?
There is really only two types of orders in market-Buy and Sell.
Let's imagine you buy at 1$ your Stop Loss is at 0.5$ and Take Profit is at 1.5$ and now the interesting thing-no matter is it your SL hit or your TP the final order is always opposite to your initial order!In this example it will be SELL!
Here is the recent example on a chart(I may be wrong):

Fits pretty well with dynamic trading method.
P.S.-This is just a theory.

Hello everybody.
Market manipulation or liquidity seeking?
Here is a few interesting examples(I may be wrong):

The next example looks the same at first look but it's not:

Not much,let's drop to 15min TF:

Here is the recent example:

What do you think guys?
I know you like indicators but lets be serious.