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  • #1,171,201
  • Edited 11:52am May 29, 2020 11:41am | Edited 11:52am
Quoting Techanalyst
Closed my GBPJPY sell with a profit and EURUSD buy with a profit. If there is any pullbacks i will be looking to re-enter, either way, whatever opportunities come, i will buy/sell. I have my NZDCAD buy position still open, if that hits a stop loss, overall i will still be in profit. Either way, have a good weekend. Trade safe.
See how price is now selling off in the upper Unfair Value region of the histogram? So when it enters the upper Unfair Value region, that's where we look for selling opportunities in this instance. If price were at the lower Unfair Value region of the histogram, then we would be looking for buying opportunities. The thing to look out for is how price responds to bars as they get smaller and smaller.

Note: that's not to say you can't buy in the upper Unfair Value region of the histogram or sell in the lower Unfair Value region, but only that you should proceed with caution if you plan to do so.

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Learn from your mistakes and march on.
  • #1,171,202
  • May 29, 2020 11:45am May 29, 2020 11:45am
Quoting here2there
{quote} See how price is now selling off in the Unfair Value section of the histogram? So when it enters Unfair Value, that's where we look for buying or selling opportunities (depending on the location of price), especially when it reaches the top or bottom of the histogram and the price volume bars are getting smaller and smaller. {image}
So in that present case, we would be looking to sell...
  • #1,171,203
  • May 29, 2020 11:56am May 29, 2020 11:56am
Quoting Techanalyst
{quote} So in that present case, we would be looking to sell...
Yes, but only looking to sell not selling just because it is there. I say that because price could explode in these lower volume areas and continue to rise higher or fall lower. Therefore, we patiently wait for strong signals (confirmation), and then buy or sell.
Learn from your mistakes and march on.
  • #1,171,204
  • May 29, 2020 11:59am May 29, 2020 11:59am
Quoting here2there
{quote} Yes, but only looking to sell not selling just because it is there. I say that because price could explode in these lower volume areas and continue to rise higher or fall lower. Therefore, we patiently wait for strong signals (confirmation), and then buy or sell.
I understand. Looking at the market profile levels on lower time frames like 30 min and lower even 5 min one can enter a sell trade and make profit.
  • #1,171,205
  • May 29, 2020 12:04pm May 29, 2020 12:04pm
will DXY hit its daily pivot at 98.63?
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  • #1,171,206
  • May 29, 2020 12:06pm May 29, 2020 12:06pm
Quoting Techanalyst
{quote} I understand. Looking at the market profile levels on lower time frames like 30 min and lower even 5 min one can enter a sell trade and make profit.
That's true. I prefer the higher time frames for this strategy, however. Less trades, but safer.
Learn from your mistakes and march on.
  • #1,171,207
  • May 29, 2020 12:10pm May 29, 2020 12:10pm
Quoting Techanalyst
{quote} I understand. Looking at the market profile levels on lower time frames like 30 min and lower even 5 min one can enter a sell trade and make profit.
Actually even on 1D chart you can entry and immediately get into the profit of 50+ pips (I mean without any drawdown) if, of course, trend is working. There are ways to know where price will reverse. Sadly I never actually found a way how to know if this is reversal or only retracement. Still working on that. But it is possible even tho people say it is not.

Little idea... Price is like a mirror. You see history, you see future. No indicators, anything. Just clean chart. I will hopefully make a thread about it.

SF
  • #1,171,208
  • May 29, 2020 12:26pm May 29, 2020 12:26pm
Quoting SilentFather
{quote} Actually even on 1D chart you can entry and immediately get into the profit of 50+ pips (I mean without any drawdown) if, of course, trend is working. There are ways to know where price will reverse. Sadly I never actually found a way how to know if this is reversal or only retracement. Still working on that. But it is possible even tho people say it is not. Little idea... Price is like a mirror. You see history, you see future. No indicators, anything. Just clean chart. I will hopefully make a thread about it. SF
I see. Even looking at the higher time frames, try to look for supply/demand zones, or support/resistance zones. You can see a reversal there, very easy to spot.
  • #1,171,209
  • May 29, 2020 12:30pm May 29, 2020 12:30pm
for those who use volume histograms and COT are volumes on those based on orders placed or lots?
LOCK IN RE-ENTER
  • #1,171,210
  • May 29, 2020 12:35pm May 29, 2020 12:35pm
Quoting Techanalyst
{quote} I see. Even looking at the higher time frames, try to look for supply/demand zones, or support/resistance zones. You can see a reversal there, very easy to spot.
True! I call it (probably.. just a thought) micro S/R.

SF
  • #1,171,211
  • May 29, 2020 1:23pm May 29, 2020 1:23pm
Quoting SilentFather
{quote} ...There are ways to know where price will reverse. Sadly I never actually found a way how to know if this is reversal or only retracement...
Knowing how to use Volume Profile greatly helps with this.
Learn from your mistakes and march on.
  • #1,171,212
  • May 29, 2020 2:13pm May 29, 2020 2:13pm
Quoting here2there
{quote} Knowing how to use Volume Profile greatly helps with this.
Thank You kindly for an idea! Any cTrader Volume Profile I can use? If.. anyone have one?

SF
  • #1,171,213
  • May 29, 2020 2:26pm May 29, 2020 2:26pm
Quoting SilentFather
{quote} Thank You kindly for an idea! Any cTrader Volume Profile I can use? If.. anyone have one? SF
Sorry, but I don't know about cTrader. I use the Volume Profile provided by Trading View, which is very good.
Learn from your mistakes and march on.
  • #1,171,214
  • May 29, 2020 2:34pm May 29, 2020 2:34pm
Quoting neuron
will DXY hit its daily pivot at 98.63? {image}
doesn't look like it's happening this week. closing shorts here, have a good weekend all.
  • #1,171,215
  • May 29, 2020 8:56pm May 29, 2020 8:56pm
Quoting here2there
{quote} I'm not familiar with that type of candle.
Let’s say we are in a up trend, we see a bearish rejection off a resistance level, if we look at volume and notice that there is low volume on the wick of the rejection candle this means there is no demand. Thus if there is no demand, the buyers are not willing to buy at this price level. What happens ? The price reverses.
Master your mind. Master Trading.
  • #1,171,216
  • May 29, 2020 10:20pm May 29, 2020 10:20pm
Quoting princeali115
{quote} Let’s say we are in a up trend, we see a bearish rejection off a resistance level, if we look at volume and notice that there is low volume on the wick of the rejection candle this means there is no demand. Thus if there is no demand, the buyers are not willing to buy at this price level. What happens ? The price reverses.
trading eurusd pair only depend on us dollar index, there is no about buyer and seller in eu.
this is automatic progamming algorithma trading in eu
  • #1,171,217
  • May 29, 2020 10:43pm May 29, 2020 10:43pm
https://www.forexfactory.com/mistaouting

Sir you subscribed to me for a reason so let us make your visit to my profile worth it

On the chart below it is a four hour chart we have simple moving average 50 hundred and 200

This week Euro USD has given 250 point trade as a single trade right from week open

Follow this technique and reach Glory God be with you
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  • #1,171,218
  • May 29, 2020 11:20pm May 29, 2020 11:20pm
Quoting traderock
{quote} trading eurusd pair only depend on us dollar index, there is no about buyer and seller in eu. this is automatic progamming algorithma trading in eu
I wish you the best brother
Master your mind. Master Trading.
  • #1,171,219
  • May 30, 2020 1:46am May 30, 2020 1:46am
fakeout target apparently meet without me though, and better little to bigger bear action . anyway test 1143 actually my shorts activated to see next week .usdx like continue bull with initial hiccough ! anyway pa follow or not any bull action like fake or not at all !
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Not understand?better not follow my analyses!doubt clearer first, risks ++
  • #1,171,220
  • May 30, 2020 4:24am May 30, 2020 4:24am
if fontu promises not to kill me

just find out how dxy is calculated
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