It is a demo trade , but makes me one step closer for the real deal
The forks probabilities are awesome 
The forks probabilities are awesome 
The One: Price Action and Reaction
- #2,422
- Apr 26, 2019 6:35pm Apr 26, 2019 6:35pm
- Joined Mar 2008 | Status: He who believes has eternal life. | 3,775 Posts
The things that we love tell us what we are Thanks Redsword11 and Tim Morge
Some charts, was busy this week and recovering from the flu. {image} {image} {image} {image} {image}
Based on the blue fork one might consider the possiblity of price reaching the median line. A bit ambitious but....
Based on the orange fork one might consider the possibility that A to B might be equal to a possible C to D where C to D is equal to A to B.
The last pic shows a green upsloping modified schiff suggesting that price might continue upward.
Freedom is not free
- #2,426
- Apr 29, 2019 12:22am Apr 29, 2019 12:22am
- Joined Mar 2008 | Status: He who believes has eternal life. | 3,775 Posts
The things that we love tell us what we are Thanks Redsword11 and Tim Morge
- #2,427
- Apr 29, 2019 12:29am Apr 29, 2019 12:29am
- Joined Mar 2008 | Status: He who believes has eternal life. | 3,775 Posts
The things that we love tell us what we are Thanks Redsword11 and Tim Morge
- #2,428
- Apr 29, 2019 12:36am Apr 29, 2019 12:36am
- Joined Mar 2008 | Status: He who believes has eternal life. | 3,775 Posts
The things that we love tell us what we are Thanks Redsword11 and Tim Morge
- #2,429
- Apr 29, 2019 12:44am Apr 29, 2019 12:44am
- Joined Mar 2008 | Status: He who believes has eternal life. | 3,775 Posts
The things that we love tell us what we are Thanks Redsword11 and Tim Morge
I see your charts and variations but still have question on how you might use those.
Here's an update on the zoom in of H1 EURUSD. I'll give some explanation on my thoughts.
Previously I showed a standard median line and a modified schiff. Those 2 charts contain quite a bit of data and I wouldn't enter based only on them. But I like the idea of price reaching the median line (center median line) about 80% of the time. So with this in mind I zoom in closer to be able to see price action.
There is a wide range outside bar that has engulfed somewhat of a coil to the left and it made a new high. So this to me represents new buyers. So far I don't think these buyers have been tested and I'm currently looking for action that would verify this. Above I've marked the sellers where the wide range gaps are. Buyers will have to contend with these sellers if it moves up. The green modified schiff is drawn because it includes the new high and suggests the possibility that price might begin to trend upwards. So I'll follow this and update.
Here's an update on the zoom in of H1 EURUSD. I'll give some explanation on my thoughts.
Previously I showed a standard median line and a modified schiff. Those 2 charts contain quite a bit of data and I wouldn't enter based only on them. But I like the idea of price reaching the median line (center median line) about 80% of the time. So with this in mind I zoom in closer to be able to see price action.
There is a wide range outside bar that has engulfed somewhat of a coil to the left and it made a new high. So this to me represents new buyers. So far I don't think these buyers have been tested and I'm currently looking for action that would verify this. Above I've marked the sellers where the wide range gaps are. Buyers will have to contend with these sellers if it moves up. The green modified schiff is drawn because it includes the new high and suggests the possibility that price might begin to trend upwards. So I'll follow this and update.
Freedom is not free
I didn't trade this (fell asleep, ha ha) but this is a situation where it looks like price is going to roll over after a decent uptrend. The tell was the wrb gap after price barely made a new high. The entry would have been to sell the upper portion of the gap or after a test/retest of the upper median line. I don't trade purely off the lines so I like the gap in this situation. Would have been an easy 3:1 and probably a bit more with good mm.
Freedom is not free
- #2,436
- Apr 29, 2019 11:56am Apr 29, 2019 11:56am
I see your charts and variations but still have question on how you might use those. Here's an update on the zoom in of H1 EURUSD. I'll give some explanation on my thoughts. Previously I showed a standard median line and a modified schiff. Those 2 charts contain quite a bit of data and I wouldn't enter based only on them. But I like the idea of price reaching the median line (center median line) about 80% of the time. So with this in mind I zoom in closer to be able to see price action. There is a wide range outside bar that has engulfed somewhat...
Freedom is not free
For overall context. I adjusted the major forks to the last large down swing.
Price has moved up through the first set of sellers (gap) and is approaching the second set of sellers (gap). Gaps often attract price. The green modified schiff has shown the way. The pink arrow shows the wrb engulfing outside bar that suggested buyer interest and so far the buyers seem a bit in a hurry to push price up as pullbacks have been shallow giving difficult entries. The best entry would have been the first pullback into the wrb engulfing outside bar.
When considering entries of any kind the most important condiderations are : 1. stop loss 2. target 3. R:R.
Stop loss is directly related to target and R:R. I use no less than 3:1. One must consider the likelihood that price will reach the target. As R:R is reduced say 1:1 or 2:1 one's win rate must increase. Most traders cannot achieve more than 50% win rate yet it is entirely possible to be very profitable with much less than 50% win rate if one's R:R is appropriate and is followed religiously.
Price has moved up through the first set of sellers (gap) and is approaching the second set of sellers (gap). Gaps often attract price. The green modified schiff has shown the way. The pink arrow shows the wrb engulfing outside bar that suggested buyer interest and so far the buyers seem a bit in a hurry to push price up as pullbacks have been shallow giving difficult entries. The best entry would have been the first pullback into the wrb engulfing outside bar.
When considering entries of any kind the most important condiderations are : 1. stop loss 2. target 3. R:R.
Stop loss is directly related to target and R:R. I use no less than 3:1. One must consider the likelihood that price will reach the target. As R:R is reduced say 1:1 or 2:1 one's win rate must increase. Most traders cannot achieve more than 50% win rate yet it is entirely possible to be very profitable with much less than 50% win rate if one's R:R is appropriate and is followed religiously.
Freedom is not free
- #2,438
- Apr 30, 2019 8:33am Apr 30, 2019 8:33am
- Joined Mar 2008 | Status: He who believes has eternal life. | 3,775 Posts
The things that we love tell us what we are Thanks Redsword11 and Tim Morge
