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Trading with PA and confluences

  • #21
  • Mar 22, 2019 8:00am Mar 22, 2019 8:00am
Very Nice Trading Victor!

EJ paid off handsomely for the week!

Quoting mraam
A clear trade for me, the risks are just above the double top. {image} Cheers MR
All hit TP, some running at zero cost.

Attached Image (click to enlarge)
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Cheers
MR
Silence your Ego & Your Power will Rise
  • #22
  • Mar 22, 2019 8:13am Mar 22, 2019 8:13am
Still Looking on N/J for future developments.
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  • #23
  • Mar 22, 2019 8:14am Mar 22, 2019 8:14am
Quoting mraam
Very Nice Trading Victor! EJ paid off handsomely for the week! {quote} All hit TP, some running at zero cost. {image} Cheers MR
Thank you so much! nice catch on E/J that you made, congratulations
  • #24
  • Mar 22, 2019 8:19am Mar 22, 2019 8:19am
Just looking at this Opportunity At Daily on U/C
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  • #25
  • Mar 22, 2019 8:23am Mar 22, 2019 8:23am
EURCHF, waiting patiently the price to come on my trap lol
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  • #26
  • Mar 22, 2019 9:43am Mar 22, 2019 9:43am
I rarely trade the equities index, however i came across a nice chart of AU200 & gave it a go.

Note - Each point is $0.10 and WILL get you busted if youre a novice to this. The average range is between 500 to 1500 or more points! I only trade micros on this as the movements are huge and spread as well as swap can be unfavorable.

I took the 1st trade at the top zone, nice H1 pinbar & the 2nd was a mistake - too close to the TP zone, i think a sell stop was triggered possibly during a high spread. Either way trade is in the bag will close after the Lon Fix.

Attached Image (click to enlarge)
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Silence your Ego & Your Power will Rise
  • #27
  • Mar 22, 2019 12:03pm Mar 22, 2019 12:03pm
Quoting VictorFaria
Just looking at this Opportunity At Daily on U/C {image}
All you pattern traders. I have always wondered why don't you trade the momentum to you predicted level? Instead of waiting for the level to be hit and then fade the move or trade the breakout?
Just a food for thought. I mean I wouldn't do it because I trade in a totally different fashion but I think you would win more trading to a perceived level of confluence after a dip or retrace than trading from it.

Attached Image (click to enlarge)
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Read in between the price!!!
  • #28
  • Mar 22, 2019 12:38pm Mar 22, 2019 12:38pm
Quoting calebfx
{quote} All you pattern traders. I have always wondered why don't you trade the momentum to you predicted level? Instead of waiting for the level to be hit and then fade the move or trade the breakout? Just a food for thought. I mean I wouldn't do it because I trade in a totally different fashion but I think you would win more trading to a perceived level of confluence after a dip or retrace than trading from it. {image}
Hello Calebfx,
Well, Let's say that i'm not posting everything that i do, only what i want to share with the Community.
Not trading only patterns, on Page 1 I'm described what i will be posting.
Also, every trader needs to have a plan, so based on this i have one phrase, It's very simple, a little thick, but very powerful.
Plan the trade and Trade the fucking plan.

Best regards,
Victor
  • #29
  • Mar 22, 2019 12:43pm Mar 22, 2019 12:43pm
Quoting VictorFaria
{quote} Hello Calebfx, Well, Let's say that i'm not posting everything that i do, only what i want to share with the Community. Not trading only patterns, on Page 1 I'm described what i will be posting. Also, every trader needs to have a plan, so based on this i have one phrase, It's very simple, a little thick, but very powerful. Plan the trade and Trade the fucking plan. Best regards, Victor
Lol language!
Read in between the price!!!
  • #30
  • Mar 22, 2019 1:07pm Mar 22, 2019 1:07pm
Quoting VictorFaria
{quote} Hello Calebfx, Well, Let's say that i'm not posting everything that i do, only what i want to share with the Community. Not trading only patterns, on Page 1 I'm described what i will be posting. Also, every trader needs to have a plan, so based on this i have one phrase, It's very simple, a little thick, but very powerful. Plan the trade and Trade the fucking plan. Best regards, Victor
We use what works best (for us), absolutely.

Quoting calebfx
{quote} All you pattern traders. I have always wondered why don't you trade the momentum to you predicted level? Instead of waiting for the level to be hit and then fade the move or trade the breakout? Just a food for thought. I mean I wouldn't do it because I trade in a totally different fashion but I think you would win more trading to a perceived level of confluence after a dip or retrace than trading from it. {image}
Caleb, you made some good points, nothing wrong with that. We've done this countless times with decent success. We cant/dont win every trade, but we have more wins than losses for sure.

Btw we dont exclusively trade from a "perceived" level, if you look at the other charts posted there was also trades taken during trend continuation. Trades with good PA in a zone has a better success rate (for us) than chasing a trend at the top/bottom.

Do contribute your charts and ideas.

Cheers
MR
Silence your Ego & Your Power will Rise
  • #31
  • Mar 22, 2019 1:13pm Mar 22, 2019 1:13pm
Quoting calebfx
{quote} Lol language!
Oh no, not being rude, it's only a common phrase used to trading activities, don't get me wrong.
You are most welcome to post whatever you want
Good weekend for you
  • #32
  • Mar 25, 2019 5:22am Mar 25, 2019 5:22am
how to start with the trend line?
  • #33
  • Mar 25, 2019 6:22am Mar 25, 2019 6:22am
Hello Guys
Starting the week with this Potential Opportunity on N/C.
Nice Confluence with the HTF.
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  • #34
  • Mar 25, 2019 7:26am Mar 25, 2019 7:26am
Quoting antonblood63
how to start with the trend line?
A good place to start if youre a beginner.

https://www.babypips.com/learn/forex/spotting-breakouts
Silence your Ego & Your Power will Rise
  • #35
  • Mar 25, 2019 9:57am Mar 25, 2019 9:57am
Just looking at A/N too for potential Opportunities, let's see what this Pair will tell us.
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  • #36
  • Mar 26, 2019 8:52am Mar 26, 2019 8:52am
Quoting VictorFaria
{quote} As posted almost 2 days ago, was waiting patiently until this opportunity develops and finally target 1 attained. {image}
Hello Guys,
Finally, My Last target was attained on E/G.
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  • #37
  • Mar 26, 2019 1:12pm Mar 26, 2019 1:12pm
Hey guys,

just found your thread. Is this hard to learn? Can it be used for day trading to get in and out without leaving trades open for days or do you find anything lower than 1H to be unreliable. Not really super familiar with harmonics, but eager to learn

SF
Green pips to all
  • #38
  • Mar 26, 2019 1:32pm Mar 26, 2019 1:32pm
Quoting ScorpioForex
Hey guys, just found your thread. Is this hard to learn? Can it be used for day trading to get in and out without leaving trades open for days or do you find anything lower than 1H to be unreliable. Not really super familiar with harmonics, but eager to learn SF
Hello SF
Welcome to our thread.
Well, I love harmonics, but its no more than a tool, it needs to be used only as a confluence with a lot of other things.
If you are starting your journey now, I recommend you to learn the basics of Price action first, how the markets move, why they move ect. then with the time, you go to harmonics to help you in your trade decisions.
Hope it helps you in some way.

Best regards,
Victor
  • #39
  • Mar 26, 2019 8:05pm Mar 26, 2019 8:05pm
Quoting VictorFaria
Just looking at A/N too for potential Opportunities, let's see what this Pair will tell us. {image}
LoL, was funny all targets attained.
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  • #40
  • Mar 27, 2019 6:22am Mar 27, 2019 6:22am
Quoting VictorFaria
Hello Guys Starting the week with this Potential Opportunity on N/C. Nice Confluence with the HTF. {image} {image}
N/C First target Banked, Now left the remaining positions to my Long term target on Risk Free.
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