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"Ancient" Trading System

  • #41
  • Oct 23, 2018 5:06am Oct 23, 2018 5:06am
Quoting sponge
{quote} Still think it's bullish according to the rules The Fib in the buyers area might support but bearish below I think Just a thought hope this is OK with you FIT {image}
You right..I will stick with weekly bias, long EJ..
Close Trade At Profit
  • #42
  • Oct 23, 2018 5:09am Oct 23, 2018 5:09am
Quoting sponge
{quote} My main approach is S&R, Fibs and volume. Don't know what you have in mind but the time difference would make it difficult I think.
Nice volume we have on GJ UJ..
Close Trade At Profit
  • #43
  • Oct 23, 2018 5:13am Oct 23, 2018 5:13am
Quoting FinInsTrader
{quote} You right..I will stick with weekly bias, long EJ..
I'm not always right be careful

maybe take signals from the smaller frames when they are oversold to get the edge?
All charts/ideas based on UK time zone
  • #44
  • Oct 23, 2018 5:18am Oct 23, 2018 5:18am
My view for gold this week.

Attached Image (click to enlarge)
Click to Enlarge Name: XAUUSDH4.png Size: 63 KB
Close Trade At Profit
  • #45
  • Oct 23, 2018 5:25am Oct 23, 2018 5:25am
Quoting FinInsTrader
My view for gold this week. {image}
It will keep going up as long as the S&P goes down
All charts/ideas based on UK time zone
  • #46
  • Oct 23, 2018 5:44am Oct 23, 2018 5:44am
Quoting FinInsTrader
{quote} Nice volume we have on GJ UJ..
Don't look at UJ

GJ volume doesn't look supportive on the higher frames to me but all we need is some good news out the Brexit camp and boom
All charts/ideas based on UK time zone
  • #47
  • Oct 23, 2018 7:46am Oct 23, 2018 7:46am
thanks for the explanation,,its bullish,,i was wrong
  • #48
  • Oct 23, 2018 9:38am Oct 23, 2018 9:38am
Quoting muqri
thanks for the explanation,,its bullish,,i was wrong
If last week low has been break,we have to reconsider our trade plan..not blindly follow trading bias.
Close Trade At Profit
  • #49
  • Oct 23, 2018 10:20pm Oct 23, 2018 10:20pm
Big pip movement today..weekly reversal.Let see how it goes...

USD Pair
Attached Image (click to enlarge)
Click to Enlarge Name: USDCADH4.png Size: 24 KB

Attached Image (click to enlarge)
Click to Enlarge Name: USDCHFH4.png Size: 23 KB

Attached Image (click to enlarge)
Click to Enlarge Name: USDJPYH4.png Size: 27 KB


Euro Pair
Attached Image (click to enlarge)
Click to Enlarge Name: EURCHFH4.png Size: 26 KB

Attached Image (click to enlarge)
Click to Enlarge Name: EURJPYH4.png Size: 26 KB

Attached Image (click to enlarge)
Click to Enlarge Name: EURGBPH4.png Size: 30 KB

Attached Image (click to enlarge)
Click to Enlarge Name: EURNZDH4.png Size: 24 KB

Attached Image (click to enlarge)
Click to Enlarge Name: EURCADH4.png Size: 24 KB


NZD Pair
Attached Image (click to enlarge)
Click to Enlarge Name: NZDJPYH4.png Size: 31 KB
Close Trade At Profit
  • #50
  • Oct 24, 2018 3:15am Oct 24, 2018 3:15am
Quoting FinInsTrader
Big pip movement today..weekly reversal.Let see how it goes... USD Pair {image} {image} {image} Euro Pair {image} {image} {image} {image} {image} NZD Pair {image}
This potential trade only use simple rules stated before without any additional filters.Just for sharing purposes.

FIT
Close Trade At Profit
  • #51
  • Oct 25, 2018 8:20am Oct 25, 2018 8:20am
@FinInsTrader: What you call "ancient trading" is basically what I developed 12 months back: Use candlesticks in order to estimate the bull/bear strength within this candlestick. However, I use the M1 and cumulate multiple candles (and I've changed the reference system) ... Nevertheless, good job!

Attached Image (click to enlarge)
Click to Enlarge Name: Screenshot1.png Size: 10 KB

  • #52
  • Oct 25, 2018 11:45pm Oct 25, 2018 11:45pm
im soryy..i dont think we can measure the seller or buyer from candlestick..
  • #53
  • Oct 26, 2018 2:39am Oct 26, 2018 2:39am
Quoting StopHunt
im soryy..i dont think we can measure the seller or buyer from candlestick..
What does a candlestick indicate, then?
Gone to a better place
  • #54
  • Oct 26, 2018 2:55am Oct 26, 2018 2:55am
Quoting StopHunt
im soryy..i dont think we can measure the seller or buyer from candlestick..
Surely, there are some restrictions. You don't know the strength of sellers/buyers over the whole candle's lifetime. However, the way described here will give you an impression of the latest bull/bear attack ...
  • #55
  • Oct 28, 2018 6:19pm Oct 28, 2018 6:19pm
Quoting FinInsTrader
Big pip movement today..weekly reversal.Let see how it goes... USD Pair {image} {image} {image} Euro Pair {image} {image} {image} {image} {image} NZD Pair {image}
GOOD DAY,

Lets do some review for USD PAIR first.

USD Pair:
1
BEFORE
Attached Image (click to enlarge)
Click to Enlarge Name: ucad before.JPG Size: 58 KB

AFTER
Attached Image (click to enlarge)
Click to Enlarge Name: USDCADH4.png Size: 35 KB

News give us nice discount to buy on deep.

2
BEFORE
Attached Image (click to enlarge)
Click to Enlarge Name: uchf before.JPG Size: 56 KB

AFTER
Attached Image (click to enlarge)
Click to Enlarge Name: USDCHFH4.png Size: 34 KB

Example of holding pattern

3
BEFORE
Attached Image (click to enlarge)
Click to Enlarge Name: Uj beforeee.JPG Size: 57 KB

AFTER
Attached Image (click to enlarge)
Click to Enlarge Name: USDJPYH4.png Size: 31 KB

Ranging market.
Close Trade At Profit
  • #56
  • Oct 28, 2018 6:21pm Oct 28, 2018 6:21pm
Quoting AntiCre
@FinInsTrader: What you call "ancient trading" is basically what I developed 12 months back: Use candlesticks in order to estimate the bull/bear strength within this candlestick. However, I use the M1 and cumulate multiple candles (and I've changed the reference system) ... Nevertheless, good job! {image}
Hi AntiCre,

Thanks for the input.Look like you got your trading edge..

FIT
Close Trade At Profit
  • #57
  • Oct 28, 2018 6:26pm Oct 28, 2018 6:26pm
Quoting StopHunt
im soryy..i dont think we can measure the seller or buyer from candlestick..
The intention is not to measure actual buyer or seller present in the market.We use the candlestick as a point of reference for next session trading bias.Based on what candlestick show to us,we work with highest probability and history.If market is trending, there are high chances that it will continue trending,we just follow the trend.
Close Trade At Profit
  • #58
  • Oct 29, 2018 4:16am Oct 29, 2018 4:16am
Quoting FinInsTrader
Big pip movement today..weekly reversal.Let see how it goes... USD Pair {image} {image} {image} Euro Pair {image} {image} {image} {image} {image} NZD Pair {image}
We continue our review with Euro pair.
1.Before
Attached Image (click to enlarge)
Click to Enlarge Name: ecad before.JPG Size: 55 KB

After
Attached Image (click to enlarge)
Click to Enlarge Name: EURCADH4.png Size: 31 KB


2. Before
Attached Image (click to enlarge)
Click to Enlarge Name: echf before.JPG Size: 57 KB

After
Attached Image (click to enlarge)
Click to Enlarge Name: EURCHFH4.png Size: 27 KB


3.Before
Attached Image (click to enlarge)
Click to Enlarge Name: eg before.JPG Size: 58 KB

After
Attached Image (click to enlarge)
Click to Enlarge Name: EURGBPH4.png Size: 32 KB


4.Before
Attached Image (click to enlarge)
Click to Enlarge Name: ej before.JPG Size: 55 KB

After
Attached Image (click to enlarge)
Click to Enlarge Name: EURJPYH4.png Size: 30 KB


5.Before
Attached Image (click to enlarge)
Click to Enlarge Name: en before.JPG Size: 56 KB

After
Attached Image (click to enlarge)
Click to Enlarge Name: EURNZDH4.png Size: 29 KB
Close Trade At Profit
  • #59
  • Oct 29, 2018 4:18am Oct 29, 2018 4:18am
Quoting FinInsTrader
Big pip movement today..weekly reversal.Let see how it goes... USD Pair {image} {image} {image} Euro Pair {image} {image} {image} {image} {image} NZD Pair {image}
Then NZD pair.

Before
Attached Image (click to enlarge)
Click to Enlarge Name: nj before.JPG Size: 62 KB

After
Attached Image (click to enlarge)
Click to Enlarge Name: NZDJPYH4.png Size: 34 KB
Close Trade At Profit
  • #60
  • Oct 29, 2018 2:00pm Oct 29, 2018 2:00pm
Hi FinInsTrader

Where do you place your SL.

Thanks
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