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Exotics (USD/TRY, USD/ZAR, USD/MXN, and others)
- #1,283
- Nov 15, 2018 9:37pm Nov 15, 2018 9:37pm
- Joined Sep 2013 | Status: Trader | 25,137 Posts
people leave, but this thread will go on for ever
- #1,285
- Nov 15, 2018 10:36pm Nov 15, 2018 10:36pm
- Joined Sep 2013 | Status: Trader | 25,137 Posts
people leave, but this thread will go on for ever
- #1,286
- Nov 15, 2018 11:02pm Nov 15, 2018 11:02pm
- Joined Sep 2013 | Status: Trader | 25,137 Posts
people leave, but this thread will go on for ever
- #1,289
- Nov 15, 2018 11:50pm Nov 15, 2018 11:50pm
- Joined Sep 2013 | Status: Trader | 25,137 Posts
people leave, but this thread will go on for ever
- #1,290
- Nov 16, 2018 12:00am Nov 16, 2018 12:00am
- Joined Sep 2013 | Status: Trader | 25,137 Posts
people leave, but this thread will go on for ever
- #1,291
- Nov 16, 2018 12:06am Nov 16, 2018 12:06am
- Joined Sep 2013 | Status: Trader | 25,137 Posts
people leave, but this thread will go on for ever
- #1,292
- Nov 16, 2018 12:08am Nov 16, 2018 12:08am
- Joined Sep 2013 | Status: Trader | 25,137 Posts
people leave, but this thread will go on for ever
- #1,297
- Nov 16, 2018 7:13am Nov 16, 2018 7:13am
- Joined May 2015 | Status: Observer | 1,981 Posts
We err, and err, and err again, but less.
- #1,299
- Edited 8:00am Nov 16, 2018 7:19am | Edited 8:00am
{quote} Have you ever used a Chuvashov Fork? It would aid your timing if you like these kind of entries.
Thank you very much for pointing out Chuvashov Fork. I never used it before and after googling it, I found that as you said it could aid with timing such entries. I will dig deep into it in the weekend.
Now, when you mentioned "aid your timing", you definitely caught my attention.
The reason for that is that I opened thread for catching price at important swing points. In many cases, it will be a reversal.
I use HTF S/R/TLs/Patterns on price and candles, etc...to find those "anticipated reversals". They are risky by nature but do pay off.
Think of a Falling Wedge on Weekly TF and your anticipated point of reversal is this Lower Low on the lower boundary of the Wedge of the Weekly TF. Who would ever think of buying here? No one. Attached a Weekly EURUSD to explain.
In EurUSD, there was an anticipated shift in the momentum. The pair has touched a lower boundary of a Weekly Falling Wedge and at the same time close to 61.8 Fib.
On Daily, there is a Piercing Pattern (that was formed before this last weekly candle does).
Who would be buying here before this Weekly Candle Hammer fully forms? Only pros will do.
The idea here is to enter at the right time. Not too early and not too late.
After seeing the bullish Daily candle pattern, we may examine H4/H1 for a jump on.
What I am looking for is how to enter "as early as possible".
This can be by price filter, Weekly/H4 or Daily/H1 combination or patterns on LTF. For example a wedge with div or a H&S or a triangle that is forming on LTF very close to the anticipated swing point on HTF.
I am looking for the "Happy Medium". Not to enter late and loose many pips and not to enter immaturely and too early.
There are many techniques I may also use. For example the "Three fans". When price goes through three TLs, it confirms its bias. attached a recent USD Cad M15. The bias was bullish because of H4 and daily fibs and S/R. I did not take this trade because of USD Index weakness at that time, but it shows the idea.
Now, Iam going to examine Chuvashov Fork. I noticed he uses small TLs outside the major one. I have done this before many times but I always thought I am bit eccentric and out of the norm. I am glad that a serious trader has discovered it and demonstrated it and now it carries his name.
I still need to read more about it and practise this technique. I will try find his books. I prefer books over internet.
If you find any thing else similar to this technique please PM me or post it here. I opened a thread for this purpose (The Happy Medium) but did not get any response. I was posting here and I got lucky with your post.
Thanks
