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Understand the Game

  • #1
  • First Post: Edited 11:40pm Mar 11, 2019 11:22pm | Edited 11:40pm
To make profit, try to Understand the Game FIRST!

See the nice weekly bull candles, and the weak bear reaction top, which way will the price going?
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  • #2
  • Edited 12:30am Mar 12, 2019 12:00am | Edited 12:30am
Quoting wiserltz
To make profit, try to Understand the Game FIRST! See the nice weekly bull candles, and the weak bear reaction top, which way will the price going? {image} {image}
At the very beginning, bear dragged price back to 1.095 several times, then bear gave up, price make a 3 drive and a final push to 1.12, 350 pips total, no visible retrace within the latest 15 hours(Red arrow)
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Wick1,2,3 made a “supply vacuum“， and from the later PA, market didn't give them any chance to BE, rallied up, forced those money to stop out
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Noticed the last red arrow, since there was no retrace, so a reasonable retrace can be expected...........
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  • #3
  • Edited 12:35am Mar 12, 2019 12:02am | Edited 12:35am
During the typing, just close the short scalp, i know the target is below 1.125, but expecting some reaction around ema200
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  • #4
  • Mar 12, 2019 2:04am Mar 12, 2019 2:04am
Quoting wiserltz
{quote} At the very beginning, bear dragged price back to 1.095 several times, then bear gave up, price make a 3 drive and a final push to 1.12, 350 pips total, no visible retrace within the latest 15 hours(Red arrow){image} Wick1,2,3 made a “supply vacuum“， and from the later PA, market didn't give them any chance to BE, rallied up, forced those money to stop out {image} Noticed the last red arrow, since there was no retrace, so a reasonable retrace can be expected...........
50 pips short if i brave enough to short daliy top
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Now the M5, bear win temparly right? notice to struggle during the drop and bull accumulate above 1.115
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By looking at M30 i know the level is a previous candle cluster, surely there will be some order left for the bull, but what the market really want to do? Coming........
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  • #5
  • Mar 12, 2019 2:17am Mar 12, 2019 2:17am
Quoting wiserltz
{quote} 50 pips short if i brave enough to short daliy top {image} Now the M5, bear win temparly right? notice to struggle during the drop and bull accumulate above 1.115 {image} By looking at M30 i know the level is a previous candle cluster, surely there will be some order left for the bull, but what the market really want to do? Coming........ {image}
Bing, this the real thing Smart Money want to do.........
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  • #6
  • Mar 12, 2019 2:20am Mar 12, 2019 2:20am
Quoting wiserltz
{quote} Bing, this the real thing Smart Money want to do......... {image}
Same level, same trick second time
More, since bull were defeated 2 times, changed to bear trend
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  • #7
  • Mar 12, 2019 2:44am Mar 12, 2019 2:44am
Close the long
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  • #8
  • Mar 12, 2019 4:18am Mar 12, 2019 4:18am
Counter trend short
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  • #9
  • Mar 12, 2019 4:23am Mar 12, 2019 4:23am
Early closed Demo trade EA, simple question is take the risk or not
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  • #10
  • Mar 12, 2019 4:30am Mar 12, 2019 4:30am
Hi wiserltz...

Thanks for sharing your strategy.

Could share the indicators and EA...
  • #11
  • Mar 12, 2019 4:37am Mar 12, 2019 4:37am
Quoting hapanoy
Hi wiserltz... Thanks for sharing your strategy. Could share the indicators and EA...
There is no EA at all. Only the chart slideshow for the latest post
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  • #12
  • Mar 12, 2019 5:50am Mar 12, 2019 5:50am
i don't think that someone really understand the game will pass his time in here
  • #13
  • Mar 12, 2019 5:53am Mar 12, 2019 5:53am
Quoting dicojoxaftr
i don't think that someone really understand the game will pass his time in here
At least we know we can't understand the whole picture, than to believe some "100% hit rate" shit
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  • #14
  • Mar 12, 2019 6:52am Mar 12, 2019 6:52am
Kind of Ken's textbook analysis
Edit:typo should be DC
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  • #15
  • Mar 12, 2019 1:12pm Mar 12, 2019 1:12pm
nice chart. i love it. very beautiful chart.
  • #16
  • Mar 12, 2019 2:09pm Mar 12, 2019 2:09pm
Quoting JosepeMilo
nice chart. i love it. very beautiful chart.
agree. the color scheme looks very pretty.

prettiest i've seen yet. i use tradingview because i find MT4 looks very dated but his charts look very modern.
  • #17
  • Mar 12, 2019 9:31pm Mar 12, 2019 9:31pm
EA missed that, nice accumulate before the breakout, even better with only 7 pips SL
Previous 2 shorts gave 30pips
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  • #18
  • Mar 12, 2019 9:41pm Mar 12, 2019 9:41pm
Posts taken from other thread.
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  • #19
  • Edited 10:00pm Mar 12, 2019 9:46pm | Edited 10:00pm
Quoting wiserltz
Posts taken from other thread. {image}{image}{image}{image}
IMO, focus on PA, don't guess activity of other participants（Market Maker, institution or retailers).

Don't expect market or News do anything for you! Never think you're smarter than the market!
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  • #20
  • Mar 13, 2019 2:54am Mar 13, 2019 2:54am
Some of Balhana method almost forget
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