General Trading Chat / Ideas

good morn all
LO trade... Was lucky... Lol
Know ur levels...even with the whole brexit mess... You can do well... PS.. It's above some sh*t
Stay green folks

morning
oc6oph AU trade doing well

Here is the idea of HOW TO USE BREAKOUTS


Let's go to example.
In the morning I've posted this picture in Telegram:



Here is the original big picture


My goal was to turn your attention to following idea:

After period of dullnes (flatty sideways movements), traders and trading bots become sensitive to breakouts as they desire to open trade at the very beginning of the planned trend.

Now turn to cluster chart. Red clusters - executed SELL orders, green clusters - executed BUY orders. Below the clusters - delta indicator, it shows difference between BUYs and SELLs



1) The balancing wedge, or the zone of dulling flat. We got resistance line above range, and support line below the range. The profile forms the shape of gaussian bell. Which way the market will move from it? Here is the clue comes...
2) Trap for bears started to form here. You see effort of sellers (red clusters) to breakdown the support.

3) Price quickly reversed. Green clusters point on buying. Trap formed. It increases chances on the genuine bullish from initial balance.

4) here is mentioned bullish breakout (effort of buyers to overcome resistance).

Setup worked fine. And it works fine often. Any markets, timeframes. The reason - because...

...the goal of market is to make fools of as many traders as possible. Bernard Baruch

Hope, this post was helpful to understand the concept of breakouts.

just got home and all trades doing well

What trades you in

in GJ UJ closed eg banked mate. that AU did well i set a ppending ordoer last night but no pullback so i miised it you where in at good spot

You’re short UJ right

yep

What you aiming for

Loooks like possibly a shark

[quote=Oc6oph;12567723]{quote} What you aiming for[/quote
woz a bounce trade i took a tp1 and moved to frree trade just closed now can only see a few more on h4 not worth holding

morning

Good morning

that would be great for my gold long right now!

Well there’s 2 patterns there’s possibly cup and handle which may take it higher. Had to wait for H4 fractal break before entering as this was increase my odds

Also broke fractal at 107.30 area sometimes these break then price goes up gets liquidity and comes down

AU fractal break got some but not all kills me seeing it run going to try to reenter on a pull back

EG looks to be forming fractal it broke 8890 then fell after run up probably liquidity betting it’ll quickly be back above 8890 but going to short GU instead of buying EG

I wanted to trade gold but here we can’t trade leveraged gold one would have to have several hundred thousand or millions in an account to trade like one trades forex