DislikedAkim) gu m15 and h1 have setup for sell? i saw on m15 near resistance but i think his still forming and now on h1 seem forming too right)?Ignored
only how strong bear for now?
just for a cup of coffee...
1
- #43,421
- Jan 16, 2020 7:24pm Jan 16, 2020 7:24pm
- | Commercial User | Joined Feb 2017 | 24,065 Posts
just for a cup of coffee...
- #43,422
- Jan 16, 2020 7:24pm Jan 16, 2020 7:24pm
- Joined Jun 2019 | Status: Trader | 1,204 Posts
Like your wife says, hold the fucking position until I tell you I'm done.
- #43,423
- Jan 16, 2020 7:25pm Jan 16, 2020 7:25pm
- Joined May 2017 | Status: Intermediate Trader | 6,412 Posts
Extreme gut feeling trader
- #43,424
- Jan 16, 2020 7:27pm Jan 16, 2020 7:27pm
Thanks. Will really appreciate this. Cheers {quote}
I have marked a H4 chart to show pattern set ups
also marked a M15 chart as an example of a set up from a larger TF (it is a pull back trade on H4 against Daily trend down using M15 to scalp it)
in this example i would only trade it for a short duration of time (1 day maybe) and keep monitoring H4 chart to see when price gets close to the upper BB (large Bull pinbar there), also signs of exhaustion can be seen on the M15 before NY open
these candle patterns can be seen all the time at SR levels on all TF's, the hard part is recognizing them as they are setting up, i simply mark areas of interest or known strong historical levels, so that when price reaches these areas i can start to wait for the set up. Using BB's and LWMA as confirmation
if you only want to trade 1 TF, say M15 on a daily basis... no problem there are plenty of set ups.
i recommend session time markers to help show when money coming in/out of the market (volatility)
mark your chart with levels of interest (can look to H4, D1, W1 etc to see the bigger stronger levels to trade off... or lows/highs during that particular day) and wait for the candle pattern set up, you can use Limit/Stop orders to enter early like Akim or enter at market on re test candles...need to be there ready for this as they usually happen quickly.
Also these M15 set ups quite often happen just prior or close to news releases...but be careful haha enough said
too many of us rush to enter on the first candle touching BB or MA goes outside BB......
wait for price to calm down...stall at a level...start to see bear candles in a bull trend or vice versa...all signs that price might want to stop and reverse
look for the least amount to risk entry...don't add to trades if they go against us...use your SL to exit trade and re asses the situation
*** I have made all these mistakes a lot hahaha***
Hope this helps, remember i'm still learning too... never stops
- #43,425
- Jan 16, 2020 7:28pm Jan 16, 2020 7:28pm
- Joined Jun 2019 | Status: Trader | 1,204 Posts
Like your wife says, hold the fucking position until I tell you I'm done.
- #43,426
- Jan 16, 2020 7:28pm Jan 16, 2020 7:28pm
- | Commercial User | Joined Feb 2017 | 24,065 Posts
{quote} Morning mate, if you wouldn't mind could you suggest a best pair that can be traded on Asian session, sometime on frankfurt session I'm too busy to watch chart, right now as per your instruction to watch only 1 pair so I watch GU, but sometimes I'm too busy in the European session so I would like to change pair so I could trade in Asian session
usually market not move much
Au n Nu move more at asian
just for a cup of coffee...
- #43,427
- Jan 16, 2020 7:30pm Jan 16, 2020 7:30pm
- | Commercial User | Joined Feb 2017 | 24,065 Posts
{quote} OK, I have marked a H4 chart to show pattern set ups also marked a M15 chart as an example of a set up from a larger TF (it is a pull back trade on H4 against Daily trend down using M15 to scalp it) in this example i would only trade it for a short duration of time (1 day maybe) and keep monitoring H4 chart to see when price gets close to the upper BB (large Bull pinbar there), also signs of exhaustion can be seen on the M15 before NY open these candle patterns can be seen all the time at SR levels on all TF's, the hard part is recognizing...
hope can help newbies around
just for a cup of coffee...
- #43,429
- Jan 16, 2020 7:43pm Jan 16, 2020 7:43pm
- | Commercial User | Joined Feb 2017 | 24,065 Posts
{quote} yes i am oneif everyone who is confused about entries exits etc posted charts then they will learn more quickly as mistakes can be easily corrected
good trading will come after we improve our bad trading/mistake..
just for a cup of coffee...
- #43,430
- Jan 16, 2020 7:44pm Jan 16, 2020 7:44pm
- Joined Sep 2018 | Status: Trader | 11,173 Posts
PA Return Today:
na
- #43,431
- Jan 16, 2020 7:45pm Jan 16, 2020 7:45pm
- | Commercial User | Joined Feb 2017 | 24,065 Posts
just for a cup of coffee...
- #43,432
- Jan 16, 2020 7:48pm Jan 16, 2020 7:48pm
- | Commercial User | Joined Feb 2017 | 24,065 Posts
Buddy , gold bear seem sleeping Is Nas 30m bear boot gold bull ?
my mt4 at this phone don’t have nas charts
ha ha..
🏖 just for a cup of coffee...
- #43,433
- Jan 16, 2020 8:07pm Jan 16, 2020 8:07pm
- Joined Sep 2018 | Status: Trader | 11,173 Posts
{quote} i’m at beach.. my mt4 at this phone don’t have nas charts ha ha..
worry me gold fly
PA Return Today:
na
- #43,434
- Jan 16, 2020 8:12pm Jan 16, 2020 8:12pm
- | Commercial User | Joined Feb 2017 | 24,065 Posts
{quote} not much actio from cny data haha worry me gold fly
just for a cup of coffee...
- #43,437
- Jan 16, 2020 8:45pm Jan 16, 2020 8:45pm
- Joined Sep 2018 | Status: Trader | 11,173 Posts
UPDATED {image}
i didnt see any set up for bull yet but for 4H closed seem bear still having breakfast n coffee
PA Return Today:
na
{quote} Which tf is this? i didnt see any set up for bull yet but for 4H closed seem bear still having breakfast n coffee
Edit : low 5 lwma aleady cross above low bb... is't that a buy setup
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setup citeria on page 1
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3-now we start for sell set up..
after MA 5 high going outside BB so we need to wait 1st bear cs to forming then we need a bull cs to test again at highest level before price to start reverse..
our entry is when price start to retest or trying to going higher again..so we wait to sell at the nearest resistence level..
4-for buy set up..
after MA 5 low going outside BB then we wait for a bull cs to forming and then wait for bear cs to retest or going for lowest level again.so we wait at nearest support to buy..
- #43,439
- Jan 16, 2020 8:48pm Jan 16, 2020 8:48pm
- Joined Sep 2018 | Status: Trader | 11,173 Posts
PA Return Today:
na