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Student of Socrates (SoS)

  • #121
  • Jan 16, 2020 12:08pm Jan 16, 2020 12:08pm
Quoting StudentofSoc
{quote} AUD/USD - Update! Still looking to hold the short positons going into ECM. Moving Risk to 0%. As of now we are running +40 pips in floating netprofit - with no risk. Lets see what happens on ECM, very exciting! {image}
Fantastic call, as was your EG call too!
  • #122
  • Jan 16, 2020 12:09pm Jan 16, 2020 12:09pm
Quoting StudentofSoc
{quote} AUD/JPY Update - Follow Up Price did not exceed the breakout-bars low within 3 time units, instead price generated a 9 exhaustion pattern, warning that we might see a rally to test resistance. I am closing the trade with +18 pips in net profit as we did not get the follow-through as hoped. Result: +18 pips Total NetProfit/Loss in SoS Trading Journal: +39 pips Moving on to the next trade... {image}
Quick follow up on the CLOSED AUD/JPY trade.
As expected price rallied up to test resistance.
Risk management was spot on thanks to the golden rule of 3!
Attached Image (click to enlarge)
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  • #123
  • Jan 16, 2020 12:11pm Jan 16, 2020 12:11pm
Quoting Geester
{quote} Fantastic call, as was your EG call too!
Thank you, yes EG runnig good as well, +50 pips floating so far. Will update later as it is a weekly trade
Attached Image (click to enlarge)
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  • #124
  • Jan 16, 2020 3:20pm Jan 16, 2020 3:20pm
Quoting StudentofSoc
{quote} Btw, I spotted this potential set-up through the Capital Flow Model. {image}
USD/CHF - Removed from Watchlist
We did not get a pullback to the level we hoped for a short entry on USD/CHF.
Instead as the capital flow indicator signaled, a strong bearish trend, price continued moving lower and have reached the projected target.
Scratching this pair from the watchlist.
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  • #125
  • Jan 17, 2020 4:20am Jan 17, 2020 4:20am
Attached Image (click to enlarge)
Click to Enlarge Name: room.png Size: 54 KB


Why is the arrow bar deemed the "previous high"? The black candle next to the shadow high is higher. Also, is there a rule that says a "previous" high or low bar/candle cannot be adjacent to the actual high/low? Hope this makes sense.
  • #126
  • Jan 17, 2020 5:11am Jan 17, 2020 5:11am
Attached Image (click to enlarge)
Click to Enlarge Name: room.png Size: 52 KB


My comments are on the chart image. The question is actually about the selection of the "previous low".
  • #127
  • Jan 17, 2020 8:28am Jan 17, 2020 8:28am
I really like the indicators... and the signals... what is the best time frame to trade.. and is there an alter when things change?
I was up on 3 positions on GCFH 75 (it spiked to 120) pips then I woke up and it hit my SL..

I am just trying to form the best trading strategy, I think this has a lot of potential.
  • #128
  • Jan 17, 2020 8:49am Jan 17, 2020 8:49am
Quoting Geester
{image} My comments are on the chart image. The question is actually about the selection of the "previous low".
Answer to both Q´s,

  1. To what you point to as previous high is not a high, its a reaction off a high.
  2. To what you point as previous low is not a low, its also a reaction off a low.


This is why the computer does the analysis, so that OPINION dont get in the way.
You are wasting time trying to figure out this stuff, as you can see it draws the cyles perfectly. Focus on trading them

  • #129
  • Jan 17, 2020 8:58am Jan 17, 2020 8:58am
Quoting bossgroup
I really like the indicators... and the signals... what is the best time frame to trade.. and is there an alter when things change? I was up on 3 positions on GCFH 75 (it spiked to 120) pips then I woke up and it hit my SL.. I am just trying to form the best trading strategy, I think this has a lot of potential.
Thanks,
Market is fractal, so any time frame.
Use golden rule of 3 time reactions, and try to learn cycles etc. www.armstrongeconomics.com is a great source.
  • #130
  • Jan 17, 2020 9:27am Jan 17, 2020 9:27am
Quoting StudentofSoc
{quote} Answer to both Q´s, To what you point to as previous high is not a high, its a reaction off a high. To what you point as previous low is not a low, its also a reaction off a low. This is why the computer does the analysis, so that OPINION dont get in the way. You are wasting time trying to figure out this stuff, as you can see it draws the cyles perfectly. Focus on trading them
I'm not actually trying to "figure it out" per se or "figure it out" for the sake of it. Being naturally analytical, I'm simply trying to validate my understanding of the "break" and "break-out" lines from the Martin Armstrong PDF against what I am seeing on the chart, as generated by the SoS indicator which, at this stage, is the obvious arbiter of truth in this regard. I'm obviously not understanding the creation of these channels as much as I would hope to. Nevertheless, as you rightly infer, whether I understand the channel creation or not, it doesn't stop one from trading the channel(s).

Apologies for any frustration caused.
  • #131
  • Jan 17, 2020 9:49am Jan 17, 2020 9:49am
Quoting Geester
{quote} I'm not actually trying to "figure it out" per se or "figure it out" for the sake of it. Being naturally analytical, I'm simply trying to validate my understanding of the "break" and "break-out" lines from the Martin Armstrong PDF against what I am seeing on the chart, as generated by the SoS indicator which, at this stage, is the obvious arbiter of truth in this regard. I'm obviously not understanding the creation of these channels as much as I would hope to. Nevertheless, as you rightly infer, whether I understand the channel creation...
no worries bro
  • #132
  • Jan 17, 2020 9:54am Jan 17, 2020 9:54am
Quoting StudentofSoc
{quote} no worries bro
cheers!
  • #133
  • Jan 17, 2020 4:13pm Jan 17, 2020 4:13pm
does the bullish and bearish reversals Indi repaint ??
  • #134
  • Jan 17, 2020 4:23pm Jan 17, 2020 4:23pm
Quoting bossgroup
does the bullish and bearish reversals Indi repaint ??
no

Nothing re-paints.
  • #135
  • Jan 17, 2020 4:30pm Jan 17, 2020 4:30pm
Quoting bossgroup
does the bullish and bearish reversals Indi repaint ??
Increase the "Short Term Cycle" value if you want to see things more in detail.
  • #136
  • Jan 17, 2020 4:44pm Jan 17, 2020 4:44pm
Pin-bar in DOW at the top of the Cycle heading into the ECM, very interesting!
Momentum peaked well before too (divergence).
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  • #137
  • Jan 17, 2020 11:02pm Jan 17, 2020 11:02pm
Bull Trap in GOLD moving into ECM as well...
Big drop on the 20th?
Attached Image (click to enlarge)
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  • #138
  • Jan 18, 2020 7:05am Jan 18, 2020 7:05am
Quoting StudentofSoc
Bull Trap in GOLD moving into ECM as well... Big drop on the 20th? {image}
Here's my gold chart. I'm not showing the bull traps/reversals etc around the current price action like your image shows. I'm at V1.25. Just a heads-up really.

Attached Image (click to enlarge)
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  • #139
  • Jan 18, 2020 7:15am Jan 18, 2020 7:15am
Quoting Geester
{quote} Here's my gold chart. I'm not showing the bull traps/reversals etc around the current price action like your image shows. I'm at V1.25. Just a heads-up really. {image}
refresh the chart...its offline.
  • #140
  • Jan 18, 2020 7:20am Jan 18, 2020 7:20am
Quoting StudentofSoc
{quote} refresh the chart...its offline.
Very good - you know your indicator very well!

Cheers!
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