Disliked{quote} Good improvement on trendlines but this is not a good bounce. it has tested twice and unable to break low as shown in arrows. Price moving sideways You need a bounce like the thumbs up.. look at all richadi36 chart bounces, they are sharp bounces not congestion. {image}Ignored
- #1,482
- Sep 11, 2019 1:25pm Sep 11, 2019 1:25pm
- | Joined Jun 2019 | Status: Swings and Roundabouts | 92 Posts
{quote} Hi Jaricho313, Considering key S/R levels are good... it is a game of probability, but of course you should calculate your profit target till these levels...
- #1,484
- Edited Sep 18, 2019 1:21am Sep 12, 2019 7:26am | Edited Sep 18, 2019 1:21am
Adapt useful, reject useless, add what is specifically your own.
David Perk CLS Strategy 1 All Time Return:
3,602.4%
- #1,485
- Sep 12, 2019 11:43am Sep 12, 2019 11:43am
{quote} not too long
For example, I am a swing trader, I only trade swing formations in the markets at higher timeframes like H4 and daily charts. I don't trade any swings, instead I trade when I see specific formations in the price movements...
Profitable trades,
richadi36
profitable trading does not mean trading everyday
- #1,486
- Sep 12, 2019 11:49am Sep 12, 2019 11:49am
{quote} I want to say, you have to develop your own trading strategy, including calculation of placement your SL and TP targets, based on what timeframe you are trading. Then, you first have to test it on demo accounts and so on...
but i am struggling in lets say we have zone in which we want to sell , now we look to get a confirmation entry on shorter tf and for that i need some help
- #1,487
- Sep 14, 2019 2:22am Sep 14, 2019 2:22am
{quote} yes i understand we need to have a medium to long term bias and then according to our direction we take entries on specific zones ,like buy at support and sell at resistance but i am struggling in lets say we have zone in which we want to sell , now we look to get a confirmation entry on shorter tf and for that i need some help
...then I think you need to learn Price Action signal bars... see the attached file.
profitable trading does not mean trading everyday
- #1,489
- Sep 14, 2019 2:46am Sep 14, 2019 2:46am
- | Joined Jun 2019 | Status: Swings and Roundabouts | 92 Posts
Hi guys, You can consider this for coming week... Daily swings. {image}{image}{image}{image}
Did you see NZD/JPY? What is your opinion on it? Not enough momentum maybe?Thanks man.
- #1,490
- Sep 14, 2019 9:45am Sep 14, 2019 9:45am
{quote} Very helpful i was just looking myself
If you mean H4 chart analysis, I dont see obvious swing formations now, as it ended on Thursday bars. Daily shows price reversal pattern. If H4 starts showing obvious down swing the price could go down up to 67.60 area... it is just my point of view...
What do you think?
Profitable trades,
richadi36
profitable trading does not mean trading everyday
- #1,492
- Sep 14, 2019 3:08pm Sep 14, 2019 3:08pm
- | Joined Jun 2019 | Status: Swings and Roundabouts | 92 Posts
{quote} Hi, If you mean H4 chart analysis, I dont see obvious swing formations now, as it ended on Thursday bars. Daily shows price reversal pattern. If H4 starts showing obvious down swing the price could go down up to 67.60 area... it is just my point of view...
Thanks.
- #1,493
- Sep 14, 2019 4:42pm Sep 14, 2019 4:42pm
- Joined Jul 2017 | Status: Active member | 1,655 Posts
So my point of view on NJ,
Looking at the weekly we can clearly identify price is bearish and is currently pulling back to our swing, for added confluence our weekly swing ties in nice with a 61.8 fin retracement (people say fibs are rubbish but I swear by them) drop down to 4 hour as price action is fairly difficult to process on the daily, the 4 hour shows our lower low for identification and structure analysis purpose I referred to this as the "lowest low" when we identify our lowest low we expect to see a Lower high created then a new lower low, in this case price didn't do that it created a Higher low and then violated our structure of our lower high which confirms trend reversal. Ok so 4 hour I'm bullish what next? After s violation of structure I want to see a retest of the violated area therefore I'm expecting price to come back down to 68.00 (nice whole number which also lines up with a 50 percent fib ratio) how's that for confluence?
4 hour bullish (on a retest of violated structure)
Weekly bearish (on a retest of a swing)
Keep it simple stupid
Looking at the weekly we can clearly identify price is bearish and is currently pulling back to our swing, for added confluence our weekly swing ties in nice with a 61.8 fin retracement (people say fibs are rubbish but I swear by them) drop down to 4 hour as price action is fairly difficult to process on the daily, the 4 hour shows our lower low for identification and structure analysis purpose I referred to this as the "lowest low" when we identify our lowest low we expect to see a Lower high created then a new lower low, in this case price didn't do that it created a Higher low and then violated our structure of our lower high which confirms trend reversal. Ok so 4 hour I'm bullish what next? After s violation of structure I want to see a retest of the violated area therefore I'm expecting price to come back down to 68.00 (nice whole number which also lines up with a 50 percent fib ratio) how's that for confluence?
4 hour bullish (on a retest of violated structure)
Weekly bearish (on a retest of a swing)
Keep it simple stupid
- #1,496
- Edited 11:29pm Sep 14, 2019 9:38pm | Edited 11:29pm
Here is the CAD-JPY with great short potential for this week, price bounces in resistance, accompanied by a hidden divergence. {image}
profitable trading does not mean trading everyday
- #1,500
- Sep 15, 2019 10:03am Sep 15, 2019 10:03am
{quote} I would have thought this would be a good support level? {image}
profitable trading does not mean trading everyday