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  • #6,961
  • Edited 2:13am Sep 21, 2018 1:59am | Edited 2:13am
Good morning Suran,

thanks for showing this. I am trying to give my input.

Quoting Suran
EUR/USD a chart to watch ? BIG BOSS Last month hits a Hammer at BIG BOSS support zone. Now it looks trying to break long. {image}
Dec16 and first quarter 2017 Price found support at a resistance-level. From that point of time the BB is an uptrend.I would agree with you that it looks like the hammer of the former month could stopp the down-swing in this uptrend.

Quoting Suran
BOSS. Price looks like broke above the Strat Shadow resistance and downward trend line. Lets wait for weekly close to see whats happening. {image}
We also had the hammer 6 weeks ago. Price seems to close above all EMA (knowing that we don't trade EMA crossings) and above the WCC, too. So for me the B is also sending bullish signals. But I agree with you that we have to wait until the candle has closed.

Quoting Suran
Worker Price broke above downward resistance line (looks like this resistance there from (09/2017). But importantly it closed above strat shadow.{image} Verdict => eventhough all looks like Bullish lets wait to see price comes back and retest strat shadow (or retest the trend line) and gives us a PA candle. Suranga
Price is actually above all EMA. Also above restistance of 1,1750, which we tested a few time in the last days. Lets see on what level we close today. I also wold like to see the Strat shadow green, what would mean that Price should stay at this level or above for a few days.


Greetings, Malu
  • #6,962
  • Sep 21, 2018 2:07am Sep 21, 2018 2:07am
Quoting strat
NZDJPY {quote} Well done, Rub, you are progressing well on The Path. For my time zone, trading the yen pairs on 4hr is quite doable OTHER TRADERS - This is very important - find the time frame and pairs which are IN CONTROL in YOUR time zone and which suits your personality and personal circumstances.
Thank you strat. Between this and a couple of other trades this is looking to be my best month yet, and certainly better the August! I have taken half the number of trades of August, but have done far better. Quality not quantity huh?


Quoting menek
So whenever one see a doji on the Boss at S/R we should expect a reversal? {image}
Hell no! Doji is indecision, not a reversal. Look at boss and worker for clues. And I see strat has answered this already...

Quoting Suran
EUR/USD a chart to watch ? BIG BOSS Last month hits a Hammer at BIG BOSS support zone. Now it looks trying to break long. {image} BOSS. Price looks like broke above the Strat Shadow resistance and downward trend line. Lets wait for weekly close to see whats happening. {image} Worker Price broke above downward resistance line (looks like this resistance there from (09/2017). But importantly it closed above strat shadow.{image} Verdict => eventhough all looks like Bullish lets wait to see price comes back and retest strat shadow (or retest the trend...
Hammer on big boss, good pickup. Where is it in relation to the trend and what does it tell you?
Boss made a low, high, then where was the next low? What does that tell you?
Worker closed above strat shadow, and immediate resistance. Lows and highs are where? What does that tell you?

My take on that trend line is it's about as useful as tits on a boar. You may need to review from about page 250ish(?) in the old thread. I think that's about where it starts being introduced. Not claiming to be an expert, but that doesn't look right to me.
  • #6,963
  • Edited 3:10am Sep 21, 2018 2:37am | Edited 3:10am
Good morning.

Pre London trade and contnuation at London open
(unfortunately not awake, too early here in Portugal)

Attached Image (click to enlarge)
Click to Enlarge Name: GU short.JPG Size: 185 KB


Final target would be 1.32

Update:
not quite making it ,I would have closed on the doji (30 +25 for the pip count)

Attached Image (click to enlarge)
Click to Enlarge Name: GU final.JPG Size: 193 KB


very similar action across the GBP pairs this morning
I appreciate any comments. It has been a long time only reading on the thread. I hope I can participate more from now on.
thanks for everything so far
  • #6,964
  • Sep 21, 2018 3:32am Sep 21, 2018 3:32am
Good day All

Just a note to let you know I will be out of touch for a while. I'll probably be able to start analyzing and posting again by the end of the month.

I trust that the rest of September will provide some good good trades for all of you.

Regards
Pete
  • #6,965
  • Sep 21, 2018 4:41am Sep 21, 2018 4:41am
Hi Mhons and Malu,

Thanks for the review.


Quoting Rub
...... Hammer on big boss, good pickup. Where is it in relation to the trend and what does it tell you? Boss made a low, high, then where was the next low? What does that tell you? Worker closed above strat shadow, and immediate resistance. Lows and highs are where? What does that tell you? My take on that trend line is it's about as useful as tits on a boar. You may need to review from about page 250ish(?) in the old thread. I think that's about where it starts being introduced. Not claiming to be an expert, but that doesn't look right to me.
@Rub

Hammer on big boss, good pickup. Where is it in relation to the trend and what does it tell you?
That hammer appeared at BB support. It tell me sellers tried to take price down past the support but the buyers in that level came in and took the price up to where it is now. and the close above 1.16466 tells me that Buyers have pretty good control. So the break of this Hammer means strong Bullish sign.

Boss made a low, high, then where was the next low? What does that tell you?

Boss made a swing low at BB support. This tell me Boss behaving as per the big boss instruction.

My take on that trend line is it's about as useful as tits on a boar.

You may be right ,I just saw it (it just jumped out at me), Its just there to see whats happening. I saw many times price respected it.


You may need to review from about page 250ish(?) in the old thread. I think that's about where it starts being introduced. Not claiming to be an expert, but that doesn't look right to me

Hmm, Getting there slowly . Not yet there



BTW : Rub, How did you managed to include many quotes within single reply....any body ?

Thanks a lot

Suranga
Focus, Patience, Discipline, Determination and Perseverance
  • #6,966
  • Sep 21, 2018 4:48am Sep 21, 2018 4:48am
Quoting Suran
Hi Mhons and Malu, Thanks for the review. {quote} @Rub Hammer on big boss, good pickup. Where is it in relation to the trend and what does it tell you? That hammer appeared at BB support. It tell me sellers tried to take price down past the support but the buyers in that level came in and took the price up to where it is now. and the close above 1.16466 tells me that Buyers have pretty good control. So the break of this Hammer means strong Bullish sign. Boss made a low, high, then where was the next low? What does that tell you? Boss made a swing...
click on quote and open on new tab so that you can copy the ID : [quote=Suran;11504031] in this case
and then close each quote with /quote], you can copy paste the full text or not. the link will lead you to each post you are referring to with the quote anyway
  • #6,967
  • Sep 21, 2018 5:26am Sep 21, 2018 5:26am
Quoting Rub
{quote} Thank you strat. Between this and a couple of other trades this is looking to be my best month yet, and certainly better the August! I have taken half the number of trades of August, but have done far better. Quality not quantity huh? {quote} Hell no! Doji is indecision, not a reversal. Look at boss and worker for clues. And I see strat has answered this already... {quote} Hammer on big boss, good pickup. Where is it in relation to the trend and what does it tell you? Boss made a low, high, then where was the next low? What does that tell...
Thank you very much for your warm and friendly reply
  • #6,968
  • Sep 21, 2018 5:54am Sep 21, 2018 5:54am
Ok GBP/JPY 15 M

Entry on break of the hammer. Sl pip or two below tail
So I am trying to accelerate my development, this time something a little different, I split the trade into two and if it triggers i move the second trade to break when the first trade hits tp and let the second trade run a level up.
Attached Image (click to enlarge)
Click to Enlarge Name: GBP JPY 15M.PNG Size: 25 KB
  • #6,969
  • Sep 21, 2018 5:58am Sep 21, 2018 5:58am
Quoting pippoacher
Ok GBP/JPY 15 M Entry on break of the hammer. Sl pip or two below tail So I am trying to accelerate my development, this time something a little different, I split the trade into two and if it triggers i move the second trade to break even and let it hit my second tp. {image}
Hi
I dont understand why you would want to buy into this downtrend.
  • #6,970
  • Edited 8:23am Sep 21, 2018 6:03am | Edited 8:23am
Quoting bistolis
{quote} Hi I dont understand why you would want to buy into this downtrend.
So do I!
For me it is not a clear hammer (when I have a look at the body of the candle).
Additionally a hammer has to be at the end of a downtrend, so that doesn't fit here.
Just my opinion...
  • #6,971
  • Sep 21, 2018 6:07am Sep 21, 2018 6:07am
Quoting bistolis
{quote} Hi I dont understand why you would want to buy into this downtrend.
Daily is up, and trying to bye into that trend, may have it totally wrong, but am learning
  • #6,972
  • Sep 21, 2018 6:07am Sep 21, 2018 6:07am
Quoting bistolis
Good morning. Pre London trade and contnuation at London open (unfortunately not awake, too early here in Portugal) {image} Final target would be 1.32 Update: not quite making it ,I would have closed on the doji (30 +25 for the pip count) {image} very similar action across the GBP pairs this morning I appreciate any comments. It has been a long time only reading on the thread. I hope I can participate more from now on. thanks for everything so far
Hi Bistolis,
Great to see you post
May I suggest you add EMA200 when trading M5? That should keep you out of trouble more than you can imagine
All GBP pairs where game today on M5, but the same could have been said about other currencies. The big difference in my opinion was how they reacted to their EMA 200. Nothing is certain in trading, but being on the side of EMA 200 raises your probability of success
  • #6,973
  • Sep 21, 2018 6:08am Sep 21, 2018 6:08am
Quoting Malu
{quote} So do I! For me it is not a clear hammer (when I have a look at the body of the candle). Additionally the hammer has to be at the end of a downtrend, so that doesn't fit here. Just my opinion...
Thanks for the reply, wasnt convinced if was a hammer either, if it is a hammer it could signify the end of the pullback?
  • #6,974
  • Sep 21, 2018 6:13am Sep 21, 2018 6:13am
Quoting pippoacher
Ok GBP/JPY 15 M Entry on break of the hammer. Sl pip or two below tail So I am trying to accelerate my development, this time something a little different, I split the trade into two and if it triggers i move the second trade to break when the first trade hits tp and let the second trade run a level up. {image}
I wish someone tattoed that on my hand a few years ago: when trading intraday (M5/M15/H1), don't trade against the daily.
Trade what you see, don't anticipate, just follow. You don't have the money to make the market change directions
  • #6,975
  • Sep 21, 2018 6:24am Sep 21, 2018 6:24am
Quoting pippoacher
{quote} Daily is up, and trying to bye into that trend, may have it totally wrong, but am learning
your entry looks like you anticipate the whole thing to just turn after that candle
  • #6,976
  • Edited 6:49am Sep 21, 2018 6:26am | Edited 6:49am
Quoting pippoacher
{quote} Thanks for the reply, wasnt convinced if was a hammer either, if it is a hammer it could signify the end of the pullback?
I am not sure if I get you right, but I try to answer. First (as Darko wrote) I see the daily in a downtrend, too. So when you trade M15 your todays positions should have been a short. And a hammer in the downmove would give the following signal to me: downmove could (!) be over and it would be wise to protect the position (SL) or close it - pending on the market situation.
  • #6,977
  • Sep 21, 2018 6:35am Sep 21, 2018 6:35am
Quoting pippoacher
{quote} Daily is up, and trying to bye into that trend, may have it totally wrong, but am learning
While the trend of the Worker is up, the pair is in negative territory today.
You trade M15, you don't trade the worker, and even if you did, you need a signal on the Worker or, at best, on H4 to buy.

I made the same mistakes and I still do sometimes. Once you decide what TF you are trading, focus on that TF and never forget that the higher TFs tell your TF what to do.

If you were trading M15, you should have looked at H1 and H4 for signs of reversal and S/R.
  • #6,978
  • Sep 21, 2018 6:51am Sep 21, 2018 6:51am
Quoting darko2010
{quote} While the trend of the Worker is up, the pair is in negative territory today. You trade M15, you don't trade the worker, and even if you did, you need a signal on the Worker or, at best, on H4 to buy. I made the same mistakes and I still do sometimes. Once you decide what TF you are trading, focus on that TF and never forget that the higher TFs tell your TF what to do. If you were trading M15, you should have looked at H1 and H4 for signs of reversal and S/R.
Thank You, noted.
Orders cancelled, as price action was s heading short.
  • #6,979
  • Sep 21, 2018 7:15am Sep 21, 2018 7:15am
GBP... So much insider trading
  • #6,980
  • Sep 21, 2018 8:09am Sep 21, 2018 8:09am
Quoting pippoacher
Ok GBP/JPY 15 M Entry on break of the hammer. Sl pip or two below tail So I am trying to accelerate my development, this time something a little different, I split the trade into two and if it triggers i move the second trade to break when the first trade hits tp and let the second trade run a level up. {image}
Worker is clearly at resistance, so a pullback is more probable than a continued move up at this location. Any low time frame trades should be taken on the short side.
Many good short entry opportunities on this one if trading the short time frames, but definitely not long.
Attached Image(s) (click to enlarge)
Click to Enlarge Name: GBPJPYM15.png Size: 43 KB
Click to Enlarge Name: gbpjpydaily.PNG Size: 49 KB
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