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  • #64,481
  • Nov 30, 2018 3:31pm Nov 30, 2018 3:31pm
Quoting Moty
First I want to thank all the supporters, it really gives a good feeling. Do not worry about me too much, I always hold no more than $ 300 in the account, so even if i will lose it all , it wouldn't be a big disaster, Especially since I'm already earn big this month. My entire loss was due to holding a position before the opening of London, because if I went in
after the opening, I would be prooftibble today. I still believe that the move to Area 1.15 will come soon, but I must not settle in thinking only in this direction eu d1 + dx d1 + eu 5m...
why do you think it’s going to 1.15?
ex nihilo
  • #64,482
  • Nov 30, 2018 3:31pm Nov 30, 2018 3:31pm
Hey Moty,

I was right there with you too, I thought we would see $1.14 range as well.
  • #64,483
  • Nov 30, 2018 3:54pm Nov 30, 2018 3:54pm
Talking about profit taking at the end of the month.

We have ended up at the price level of the month's open. A near perfect doji with a minute body.

Digger will have a fieldday, pun intended!
  • #64,484
  • Nov 30, 2018 4:39pm Nov 30, 2018 4:39pm
Quoting cabbiefx
It seems logical to me for the month to close at 1.13333
20 pips off and of course overshot. Decent guess if you ask me.
Qqq Return Today: 0.7%
  • #64,485
  • Nov 30, 2018 6:06pm Nov 30, 2018 6:06pm
Have a nice weekend everyone and do not think too much in market.
Don't believe me just watch!
  • #64,486
  • Nov 30, 2018 9:03pm Nov 30, 2018 9:03pm
Quoting HiddenGap
{quote} True, but for those who can see, and know how to use them, MAs can paint a beautiful picture. {image}
Couldnt agree more ,,but they are just a tool ,, certain ones give a trader a reference point ,, the problem comes in for most is the thought process is that the mkt is going to do the exact same thing with them every day ,, not the case . The eur is going to have for the most part maybe a couple good trending days a week where they work to perfection . The hard part for most is knowing which days lol,, its not easy for anybody. Our dear friend Moty shows just a little slice of time on some charts ,,I think scaling is an issue maybe ,, a move dont look all that far on some of his slices of time and the infamous "are you ready " phrase pops up and suddenly everytime it pops up the price is 25 pips lower ,,then another 25 pips then 95 pips and then a day is gone ,, at some point well before 95 pips and a day a trader must improvise adapt , overcome or one is left contemplating and hoping for a loose lips rescue from a speech . The mkt is the same every day but different . The little list of givens helps ,, the about how far and the when ,, after that it is being able to roll with the mkt . One must find the bigger levels and trade between them . Friday the averages worked perfect anything that had any meaning ,, Thursday ,not so so much ,, any shorter one ,, any cross over left ya with not much . Its back to the chess match thing between levels ,, or as in cards know when to hold and when to fold Trading its what levels are holding and what levels are folding . Just a matter of are they being used for res or sup ,, that is the hard part . Thursday just as many pips available as Friday not near as easy to get tho Thursday and friday sht time frame charts
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  • #64,487
  • Nov 30, 2018 9:21pm Nov 30, 2018 9:21pm
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  • #64,488
  • Nov 30, 2018 9:29pm Nov 30, 2018 9:29pm
Quoting digger1
{quote} Couldnt agree more ,,but they are just a tool ,, certain ones give a trader a reference point ,, the problem comes in for most is the thought process is that the mkt is going to do the exact same thing with them every day ,, not the case . The eur is going to have for the most part maybe a couple good trending days a week where they work to perfection . The hard part for most is knowing which days lol,, its not easy for anybody. Our dear friend Moty shows just a little slice of time on some charts ,,I think scaling is an issue maybe ,, a...
hi digz,
you are right you mentioned the problem that's what i was mentioning in my yesterday's post they work some times, some times they don't work. i am trying to getting to used to of it.......watching the charts trading mentally at the moment........ the hardest part is to remove the crap which has been accumulated in the brain in search of what works and what does not ......i am trying to find out the best levels to trade and trying to trade them back in forth with the help of moving avgs but the problem is how......when i see the that a level is working good as sup, res what to look on the avg they are almost giving the contradictory signals on the levels .....trying and working hard. I love to check your every posts and charts coz they are quality charts, to see how do you find that which level will to play out and how will it.......still learning...........hope for the best

thanks and regards
MRMALIK1
  • #64,489
  • Nov 30, 2018 9:49pm Nov 30, 2018 9:49pm
Quoting mrmalik1
{quote} hi digz, you are right you mentioned the problem that's what i was mentioning in my yesterday's post they work some times, some times they don't work. i am trying to getting to used to of it.......watching the charts trading mentally at the moment........ the hardest part is to remove the crap which has been accumulated in the brain in search of what works and what does not ......i am trying to find out the best levels to trade and trying to trade them back in forth with the help of moving avgs but the problem is how......when i see the...
You will get there bud ,, the 2 big ones are the ones I told you for your hourly ,, Then its just a matter of mkt levels and and if any blue or red trend line breaks sitting up ,, shorter time frame patterns will point out what is happening by the patterns that are forming on them ,, its not easy but it can be done ,,
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  • #64,490
  • Nov 30, 2018 10:11pm Nov 30, 2018 10:11pm
Quoting digger1
{quote} You will get there bud ,, the 2 big ones are the ones I told you for your hourly ,, Then its just a matter of mkt levels and and if any blue or red trend line breaks sitting up ,, shorter time frame patterns will point out what is happening by the patterns that are forming on them ,, its not easy but it can be done ,, {image}
Thanks bud....hope so I will start looking on them from now and on
MRMALIK1
  • #64,491
  • Dec 1, 2018 12:44am Dec 1, 2018 12:44am
Quoting ikdenk
{quote} Thanks for your elaborate answer, much appreciated. The trades you have shown are both countertrend trades when a 'digger' level is reached. What I originally asked is how you enter when you buy a dip or sell a rally in a trend. What signal do you use then to decide that the dip or rally has ended?
Oh right. The touch of Ata’s 49 and 54 lwmas bro, I use them as a trendline once direction has been set in play (after the London breakout for the rest of the day). I generally use the H1 and M5 lines, but in cases like yesterday you see it play out on the day chart too giving a very strong resistance at 1.1395/1.1400 to go short.

Old screenshots with annotations attached to show what I mean. Hope it helps.
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You hesitate, you masturbate.
  • #64,492
  • Dec 1, 2018 1:02am Dec 1, 2018 1:02am
Quoting mrmalik1
{quote} Thanks bud....hope so I will start looking on them from now and on
Probably be a bit of a lengthy post ,, but its the week end . Very few will latch on and get things right from the get go ,, many use different things and get the same results , the end result of those who are successful it will be a way of picking levels out and waiting for the best risk reward ratio for their style . Catching the utmost high and low ,, the average is quite paltry per day over time ,, nice to close a trade worth 10s of thousands of dollars every 6 months or so ,, but at the same time that money is not available to you to pull out if you needed or wanted it , That dont work for me and I dont like leaving trades on over the week end ,, chf debacle cemented my view on that , I do sometimes but very seldom . That I was on the right side of but had to spend a bunch fighting my broker to get what they would have took from me had the shoe been on the other foot. Any rate ,, it all comes down to levels and rolling with the mkt the way its going at the time



, You have seen me mention mid points and projections quite often ,, they dont all go to tgt obviously but an average and a level will often times point where they will fail or a mid point , The hourly 200 amounts to in the grand scheme of things a weekly average price ,, minute wise its a little over 8 days but on a 12 hour chart its same area ,, thats why it works like it does ,, finds itself being used for sup to whack away at upper weekly levels or resis to whack away at lower weekly levels ,,12 hour chart you say ,, half a day its a mid point lol, the h4 200 is a rough monthly ave price hence why that works like it does,,,,, gets to it start looking at the bigger levels around it ,, draw a few lines find a few price projections look for the red or blue line flag to start developing etc etc


Case of last wednesday it shot up ,, thursday kinda blah a bit of buyers remorse developing Friday dumped ,, there is a human aspect to the mkts and once london sets a direction dont fight it ,, look for a bounce when the usa comes on line ,, any reversal that will be when it shows up ,, many times they just whack a bigger res or sup level then add to it ,, but if it is to reverse that is one of the times it will do it ,, then its watching the option expiry times another time to be a little diligent ,, obviously news time ,, but news most is already accted for as its the same ole every month ,, the big dogs know what the numbers will be long before they are squawked out or refreshed on your ff page ,, they are not sitting there waiting ,, they know,,, they are sitting there waiting to use it to their advantage in their chess game against the big dog they are up against ,,, retailers are just cannon fodder for that ,,,, accept it period. play it like they do ,, couple charts ,, one a view to get the bigger patterns then the tradeable one or a better view of the here and know . Trading is always knowing where the bigger levels are ,,,,, a bit of history with a bit of present price action . All of it will from a level with price going from one flag pattern to another ,,,, whether you want to call it a red line ,, a blue line ,, a pitchfork a trend line yada yada ,, it will come to a horizontal level being bought or sold and as the chess match takes place some pushes, pokes and probes on either side of it till there is a winner,,, for the day for the week or longer.
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  • #64,493
  • Dec 1, 2018 1:17am Dec 1, 2018 1:17am
key levels for next week in eurusd
two possible scenarios....
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MY telegram channel: https://t.me/https://t.me/tnavieurusd
  • #64,494
  • Dec 1, 2018 1:18am Dec 1, 2018 1:18am
Quoting mrmalik1
{quote} Thanks bud....hope so I will start looking on them from now and on
Believe it or not a longer chart will sometimes give you a better view of even the little daily shit for patterns for scalping ,, but a combination of the longer view and the now view keeps ya looking the right direction ,, trading,,, instead of asking ,,, are ya ready lol,,, sorry Moty ,,just had too lol,, rest up,, dukes up a new week is a coming .
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  • #64,495
  • Dec 1, 2018 2:08am Dec 1, 2018 2:08am
When 1.1403 is hit possibly climb up to just above 1.1473 in 2 hour bars and then another retrace trapping shorts again
POSTMASTER
  • #64,496
  • Dec 1, 2018 2:17am Dec 1, 2018 2:17am
Quoting engweijie
{quote} Oh right. The touch of Ata’s 49 and 54 lwmas bro, I use them as a trendline once direction has been set in play (after the London breakout for the rest of the day). I generally use the H1 and M5 lines, but in cases like yesterday you see it play out on the day chart too giving a very strong resistance at 1.1395/1.1400 to go short. Old screenshots with annotations attached to show what I mean. Hope it helps. {image} {image}
Thanks for your additional information, appreciated.
  • #64,497
  • Dec 1, 2018 2:41am Dec 1, 2018 2:41am
Quoting digger1
{quote}Probably be a bit of a lengthy post ,, but its the week end . Very few will latch on and get things right from the get go ,, many use different things and get the same results , the end result of those who are successful it will be a way of picking levels out and waiting for the best risk reward ratio for their style . Catching the utmost high and low ,, the average is quite paltry per day over time ,, nice to close a trade worth 10s of thousands of dollars every 6 months or so ,, but at the same time that money is not available to you to...
Nice post digz thanks for that lengthy and informative post....you had to write to write a lot lol....Thanks for that really appreciate that.....seen that hour 200 and h4 200 looks great but when trading towards these moving averages what should be considered...I mean when these avgs are above the price chart they play as res and vice versa if under the candle..chart.....But price stays a lot of time away from the averages when trading towards them I mean counter trend how when and where it should be trade.....like 200ema on h4 is is above the price when price is far way down from it how do you trade them while using and mixing them with levels....
Like price was far away 200Ema on h4 when it hit 1.1215 and got back towards What should we consider that when entering long. how long price can stag way from those emas I have noticed that when the price is away 200 or plus pips it more likely to reverse and it will travel towards the ema...
Thanks and regards
MRMALIK1
  • #64,498
  • Dec 1, 2018 3:31am Dec 1, 2018 3:31am
I think there must be a North correction.
next week.
h4
  • #64,499
  • Dec 1, 2018 3:36am Dec 1, 2018 3:36am
Quoting tiborf71
I think there must be a North correction. next week. h4

yes 1350/1370
  • #64,500
  • Dec 1, 2018 3:41am Dec 1, 2018 3:41am
Quoting 4experience
{quote} yes 1350/1370
maybe even imagining I think 1.1430
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