Journey to consistency | Page 87 | Forex Factory

Options

Go to
Permalinks
Print Thread

Similar Threads

Price action - journal - journey to consistency first 100k 19 replies

Profitable consistency. 18 replies

Price of consistency 4 replies

Strategy Tester: data consistency 2 replies

How to evaluate consistency? 21 replies

Attachments: Journey to consistency
Exit Attachments

Journey to consistency

  • #1,721
  • Nov 21, 2018 11:24pm Nov 21, 2018 11:24pm
Quoting Piquant
{quote} fair enough did you enter from 1m ?
5 mts
on a postive roll...
  • #1,722
  • Nov 21, 2018 11:30pm Nov 21, 2018 11:30pm
I'm thinking its either 67 or 21 short or long lol straightforward it is !
the plan is 46 or 21
yesterday 21 broke so if 21 holds and 46 just breaks shouldn't be a retest of 21 ?

on the other hand if 46 holds and breaks I take that as a retest of 46 after all 46 hadn't had a retest.
time will tell hopefully and I'll wait for London open and 1h candle close and reassess the levels.
Attached Image (click to enlarge)
Click to Enlarge Name: Screenshot 2018-11-22 15.22.46.png Size: 54 KB
...
  • #1,723
  • Nov 21, 2018 11:36pm Nov 21, 2018 11:36pm
Quoting Piquant
I'm thinking its either 67 or 21 short or long lol straightforward it is ! the plan is 46 or 21 yesterday 21 broke so if 21 holds and 46 just breaks shouldn't be a retest of 21 ? on the other hand if 46 holds and breaks I take that as a retest of 46 after all 46 hadn't had a retest. time will tell hopefully and I'll wait for London open and 1h candle close and reassess the levels. {image}
yeah i see what you see now, waiting for immediate S/r to break and
enter??
on a postive roll...
  • #1,724
  • Nov 21, 2018 11:43pm Nov 21, 2018 11:43pm
Kind of I need a confirmation on what its trying to do and S&R is a my compass, but on 5m you also see a certain kind of pattern which I'm trying to work it out been at it since yesterday evening.

I said its complicated because on one hand 46 hadn't had a retest so this could be a retest of 46 on the other hand 21 broke yd so if it holds and if there's no indication of sell of from 46 this is going to go up we still have levels that hadn't had a retest upside so there's a room to go up furthermore.
...
  • #1,725
  • Nov 22, 2018 12:04am Nov 22, 2018 12:04am
21 breaks but I still don't feel like this is the main move I could be wrong but next S 97 88 I'm on hold probably until this 1h candle close.
1h looks uncertain for me.
...
  • #1,726
  • Nov 22, 2018 12:17am Nov 22, 2018 12:17am
exit
Attached Image (click to enlarge)
Click to Enlarge Name: DAX-1-minute.png Size: 37 KB
on a postive roll...
  • #1,727
  • Nov 22, 2018 12:29am Nov 22, 2018 12:29am
Quoting Piquant
{quote} fair enough did you enter from 1m ?
actualy enterd at 5 ms, if 1 m i would have enterd earlier
11191 about to be broken?
on a postive roll...
  • #1,728
  • Nov 22, 2018 12:47am Nov 22, 2018 12:47am
more shorts
Attached Image (click to enlarge)
Click to Enlarge Name: DAX-1-minute.png Size: 38 KB
on a postive roll...
  • #1,729
  • Edited 1:07am Nov 22, 2018 12:48am | Edited 1:07am
Quoting Rmg
{quote} actualy enterd at 5 ms, if 1 m i would have enterd earlier 11191 about to be broken?


your method do actually can work pretty well ! I just had a quick backtest but entry is crucial I think waiting for London is a smart move as it can sometimes PB way above your entry you had gotten in during Frankfurt.

you mean 71 ?

as I'm looking back it's becoming evident that I have missed on a short entry see that resistance line, by 1h candle close and upon London open price indeed tested that support, previous support becomes resistance this is hard but I think it's a matter of "being able to see these things" there was no clear support and break because it already did happen it was just waiting for a retest ! which I have been waiting but was a valid entry now zoom that in to 5m London open break of 231 I think was the entry if you were brave enough 5minutes into Frankfurt open could have also been a good first entry.

compare todays 1h candle close to this the last screenshot this went up resistance breaks by London open and 1h candle close previous resistance became support there's no support break on top all I see is this huge green candle. I think I see the difference now.

its not so simple there're so many factors at play at the same time that long on the screenshot wasn't really a long in the grand scheme of things because it was a retest to previous broken support but still tradeable.
Attached Images
...
  • #1,730
  • Nov 22, 2018 12:56am Nov 22, 2018 12:56am
Quoting Piquant
{quote} your method do actually can work pretty well ! I just had a quick backtest but entry is crucial I think waiting for London is a smart move as it can sometimes PB way above your entry you had gotten in during Frankfurt. you mean 71 ?
You are wrigjht about LO, i see reactions at LO, if it goes against i will close instantly.
91 was 1 hr support became resistance.
on a postive roll...
  • #1,731
  • Nov 22, 2018 1:03am Nov 22, 2018 1:03am
flat now for DAX, next hourly candle could be a retest enough of this demo money!! lol!!
Took same set ups with NQ alongside, recoup my demo losses from yesterday !! lol!!
on a postive roll...
  • #1,732
  • Nov 22, 2018 1:19am Nov 22, 2018 1:19am
Quoting Piquant
{quote} your method do actually can work pretty well ! I just had a quick backtest but entry is crucial I think waiting for London is a smart move as it can sometimes PB way above your entry you had gotten in during Frankfurt. you mean 71 ? as I'm looking back it's becoming evident that I have missed on a short entry see that resistance line, by 1h candle close and upon London open price indeed tested that support, previous support becomes resistance this is hard but I think it's a matter of "being able to see these things" there was no clear support...
This is how i see it
Attached Image (click to enlarge)
Click to Enlarge Name: DAX-15-minutes.png Size: 42 KB
on a postive roll...
  • #1,733
  • Nov 22, 2018 1:51am Nov 22, 2018 1:51am
https://www.forexfactory.com/showthr...83#post2019283
read post 324, i guess this is what you mean.
I have learnt a lot from no brainer trades.
on a postive roll...
  • #1,734
  • Nov 22, 2018 1:58am Nov 22, 2018 1:58am
back to 45
let's see how things go from here on previous resistance
Attached Image
...
  • #1,735
  • Nov 22, 2018 2:19am Nov 22, 2018 2:19am
45 held long on 5m I had my pattern on 5m +13 for the day initial target was at 219 but I took profit at 179 although on 1h this wasn't so prominent testing ride for now
Attached Image (click to enlarge)
Click to Enlarge Name: Screenshot 2018-11-22 18.16.59.png Size: 54 KB
...
  • #1,736
  • Nov 22, 2018 2:20am Nov 22, 2018 2:20am
Quoting Piquant
back to 45 let's see how things go from here on previous resistance {image}
Did you take any? or did i just confusing your head?
on a postive roll...
  • #1,737
  • Nov 22, 2018 2:21am Nov 22, 2018 2:21am
Quoting Rmg
{quote} Did you take any? or did i just confusing your head?
I'll read it on the weekends, for now just trying practice what I have observed bought on 45 on 5m
...
  • #1,738
  • Nov 22, 2018 2:23am Nov 22, 2018 2:23am
Quoting Piquant
45 held long on 5m I had my pattern on 5m +13 for the day initial target was at 219 but I took profit at 179 although on 1h this wasn't so prominent testing ride for now {image}
66 could provide some support if it is going up to 219
it was probably a good thing that I took profit here now waiting if there's confirmation for a rebuy or sell from here.
...
  • #1,739
  • Nov 22, 2018 2:32am Nov 22, 2018 2:32am
this looks suspicious now 67 waiting on a pattern, if it breaks then 115

perfect entry was at 50 exit at 80.... will work on that later.
for now let's just focus on going with the flow.
...
  • #1,740
  • Nov 22, 2018 2:42am Nov 22, 2018 2:42am
don't think this is going up but entry seems not complete

I'm looking at 65 and 72
...
2 traders viewing now