10 pips from target!!
1
- #34,024
- Edited 5:32pm Aug 10, 2018 12:01pm | Edited 5:32pm
- Joined May 2014 | Status: Full Time Trader | 27,132 Posts
Hi Ata , one thing about break like today hourly 1.1463 was direct fall . I know u already said to go lower TF but until candle close the move was above 26 pips. How do u catch such fast move ? This scenario can be seen many time. {image}
Let me quickly explain.. Read my explanations while looking at every numbered part that I am mentioning on the image below of this post.- Today, as you remember, drop started earlier and at 1.1465 area a bullish candle appeared. So, whenever we see a bullish candle completion next to a previous bearish candle we must clone a Blue TL to its body bottom to track the breakout in the future.
- Now a red candle forms and it forms exactly at that price level of breakout. In this particular case we are not sure if candle closed below or above? In that case I prefer to see it as valid breakout.
- No time to waste: I immediately clone a SEPARATE Blue TL to that bearish candle's BODY TOP. And then I start looking at the smaller timeframe (often the M5) chart while the H1 chart is still open in front of me. So 2 charts are in front of you and you are watching. (Don't switch from H1 to M5 inside the same window. The lines you drew on H1 will not mean anything on M5. So for each timeframe you need a separate chart window. This is crucial!) So, once I start watching both charts, it will be the only time I sit in front of the screen. And here is the trick:
- A) I draw a trendline from low of bear candle to cross section area of candle 4. That candle is still not complete yet and I am watching the situation on M5 chart. The cross section of candle 4 (colored in white dot could be a sell level but here you are still chasing the same breakout on the M5 timeframe and you might even get a higher price depending on where the breakout on M5 occurs. Once you feel confident you sell there. (Small timeframe sell)
- Once candle number 4 is complete we see it is bullish. And again, each time we have a bullish candle following a bearish we clone a BLUE TL to its BODY BOTTOM.
- A new candle numbered 5 is forming.
- B) if we are still not in a trade we can do the same thing and draw a trendline from previous candle low to current candle cross section. Then you start checking M5 chart just like before and try to sell after a breakout that you detect on M5.
- We are probably short already but this candle does nothing. So we keep our short.
- Once we have a nice bearish candle again this time we know for sure it is a valid breakout. Here we have no doubts.
- When no doubts we clone a separate Blue TL to the BODY BOTTOM once the breakout candle 7 is completed.
- C) Then you draw a new trendline again from low to candle 9 cross section and step down to M5. You will try to get in with a good price after a breakout that you detect on M5. Rinse and repeat.
- We are probably short again now and new bearish candle 9 closes very nicely low. We stay in the trend. This way you can add to your previous shorts if any.
- New candle forms bullish again: We clone a new BLUE TL on its BODY BOTTOM and wait for next candle.
- New candle is nicely bearish and creates a new breakout. So?
- We clone a separate trendline to its BODY BOTTOM once breakout candle 11 is complete.
- D) And then we draw a new trendline from low of candle 11 to new candle's cross section. Then we start checkimg M5 chart and you can guess: rinse and repeat.
Study this and you all will become an entry master like me in no time. This post is maybe worth millions. Those who might miss reading this will still see it in the PDF. I hope you use some of the benefits that will come from this knowledge for good things like charity or supporting the poor. You can thank me later. Why do I do this? Well.. simply: life is short and giving back to community what has been given to me by God is my duty.. that's all..
I hope it helps..
Stay Green
Focus only on what truly matters!
- #34,026
- Aug 10, 2018 12:03pm Aug 10, 2018 12:03pm
- Joined Jan 2010 | Status: The Voodoo Boodoo Club | 42,055 Posts
{quote} probably a likely target is the 1.1360 area could be hit next week
{quote} On chart below I tried to picture the process.. This is the core of trading with my method and again I am very generous today to reveal this method which you will not find in any source or book or whatsoever resource on earth.. Fully new.. fully my own invention..
Thanks so much to write it out so detailed.
I know what I will do this weekend, read and read until I get it fully.
You're a very generous person.
I hope I can someday be on even balance when my losses are rinsed away and give something good to here or charity.
And I will keep my word!
Have a great weekend, and wish you all the best!
- #34,030
- Aug 10, 2018 12:14pm Aug 10, 2018 12:14pm
- Joined Dec 2005 | Status: Trader | 2,857 Posts
{quote} Quarterly S1 at 1322, there is a price projection to there from the broken trendline on the daily , above 1433 it may take a crack at last quarters low from below tho ,, next weeks puzzle lol {image}
you should have traded with us these last 2 days , you were also among those who called for sub 1.1400 levels well ahead
intraday levels alongside a longer term view , that's what i like
- #34,031
- Aug 10, 2018 12:15pm Aug 10, 2018 12:15pm
- | Membership Revoked | Joined May 2015 | 2,903 Posts
{quote} On chart below I tried to picture the process.. This is the core of trading with my method and again I am very generous today to reveal this method which you will not find in any source or book or whatsoever resource on earth.. Fully new.. fully my own invention..
KEEP UP THE GOOD WORK! I'm happy for you.
- #34,032
- Aug 10, 2018 12:24pm Aug 10, 2018 12:24pm
- | Membership Revoked | Joined May 2017 | 575 Posts
{quote} cool man , most of the times we share the same view you should have traded with us these last 2 days , you were also among those who called for sub 1.1400 levels well ahead intraday levels alongside a longer term view , that's what i like
Time to go EUR/USD all the way down to 1.13 then 1.05. Europe is about to collapse despite the trade war with US.
{quote} Now people are getting Long in hope of repeating a spike, but I suspect next time will be a spike sub 1.1500 LOL. That will be brutal, but funny.
When you're not sure Short or Long - toss a coin! Chances are 50% !!!
- #34,034
- Aug 10, 2018 12:30pm Aug 10, 2018 12:30pm
- Joined Dec 2005 | Status: Trader | 2,857 Posts
{quote} {quote} {quote} Don't forget to credit little and humble guys here. I mentioned the level in June 25th. And yesterday was my last call
- #34,035
- Aug 10, 2018 12:32pm Aug 10, 2018 12:32pm
- Joined Jan 2010 | Status: The Voodoo Boodoo Club | 42,055 Posts
{quote} cool man , most of the times we share the same view you should have traded with us these last 2 days , you were also among those who called for sub 1.1400 levels well ahead intraday levels alongside a longer term view , that's what i like
- #34,036
- Aug 10, 2018 12:35pm Aug 10, 2018 12:35pm
- Joined Mar 2008 | Status: Name real with real own way | 23,413 Posts
Not understand?better not follow my analyses!doubt clearer first, risks ++
- #34,037
- Aug 10, 2018 12:36pm Aug 10, 2018 12:36pm
{quote} On chart below I tried to picture the process.. This is the core of trading with my method and again I am very generous today to reveal this method which you will not find in any source or book or whatsoever resource on earth.. Fully new.. fully my own invention..
- #34,038
- Aug 10, 2018 12:39pm Aug 10, 2018 12:39pm
- | Membership Revoked | Joined May 2017 | 575 Posts
{quote} Lol, I was but from my other office , things happen if I f%^k around on my phone too much lol,, careful piptaker 1379 not far away and the mid between W S2 and Ws 3 is around 1360 ,, splitting hairs tho on a Friday {image}
When you're not sure Short or Long - toss a coin! Chances are 50% !!!
- #34,040
- Aug 10, 2018 12:43pm Aug 10, 2018 12:43pm
- Joined Jan 2010 | Status: The Voodoo Boodoo Club | 42,055 Posts
{quote} Your office is SPACIOUS!