better thing to do at weekend..
going to the village n fishing at mekong river..
going to the village n fishing at mekong river..
just for a cup of coffee...
- #58,481
- Jun 13, 2020 12:23am Jun 13, 2020 12:23am
- | Commercial User | Joined Feb 2017 | 24,065 Posts
- #58,482
- Jun 13, 2020 1:39am Jun 13, 2020 1:39am
- Joined Sep 2018 | Status: Trader | 11,169 Posts
Set up nvr lie.
watch dxy 1H there, strong move and out of fuel then drop,
i went bed early, if not can catch that EU or GU with more pips at bull side
nvm
new week new train
️
good weekend all️
watch dxy 1H there, strong move and out of fuel then drop,
i went bed early, if not can catch that EU or GU with more pips at bull side
nvm
new week new train
️good weekend all
️
- #58,484
- Jun 13, 2020 3:41am Jun 13, 2020 3:41am
{quote} csm ... candle out top / bottom = set up .... where will you entry / REE .... at LWMA / MID BB csak ... candle cross mid bb = set up .... where will you entry / REE .... at LWMA / MID BB if csm occurs in H1 we have to wait for REE in LWMA if we counter first look at the range H4 ... PA distance above / below the range for TP wajib Why is the Lwma H4 range ... because it is a very strong SR to reflect PA again and make more csm on a smaller TF
I know CSM & CSAK reentry setup.
Maybe it's just me, from the moment I learn this type of BBMA trade, I'm asking myself whether I can take advantage of the movement:
• Reentry after CSM or CSAK probably no issue to me
• MHV to CSAK movement, some are hard, some can be quite confident
• Same with Extreme to MTP movement
• CSM Buy to reentry Buy movement, many times I get caught on this. Hahhaa
You can call me deviated from BBMA code, call me silly, call me greedy. Probably hahahaa
In my mind, I just think that, ow if we know that the movement is highly likely, why not try find a way to take advantage of it? That's just it.
Thanks anyway for the sharing. Good luck as always
- #58,486
- Jun 13, 2020 5:18am Jun 13, 2020 5:18am
Good day everyone, I've read most of this thread and learnt a lot of things, I'm still unclear in some areas though, but with time I will understand all.
I will be grateful if someone can explain to me
on how dxy is used in making analysis on other USD pairs. A brief explanation is okay, I'll also study it myself. Just thought I could ask now since it's weekend.
Thanks
R.
I will be grateful if someone can explain to me
on how dxy is used in making analysis on other USD pairs. A brief explanation is okay, I'll also study it myself. Just thought I could ask now since it's weekend.Thanks
R.
- #58,487
- Jun 13, 2020 5:21am Jun 13, 2020 5:21am
{quote} csm ... candle out top / bottom = set up .... where will you entry / REE .... at LWMA / MID BB csak ... candle cross mid bb = set up .... where will you entry / REE .... at LWMA / MID BB if csm occurs in H1 we have to wait for REE in LWMA if we counter first look at the range H4 ... PA distance above / below the range for TP wajib Why is the Lwma H4 range ... because it is a very strong SR to reflect PA again and make more csm on a smaller TF
This is almost silly statement perhaps, I think I understand it now.
Tiny detail missed and the whole picture read as wrong one.
Thanks Pak COmar.FX, hopefully I can improve better from now.
- #58,488
- Jun 13, 2020 5:25am Jun 13, 2020 5:25am
- Joined Nov 2016 | Status: Trader | 2,361 Posts
{quote} Hi Pak COmar.FX, I know CSM & CSAK reentry setup. Maybe it's just me, from the moment I learn this type of BBMA trade, I'm asking myself whether I can take advantage of the movement: • Reentry after CSM or CSAK probably no issue to me • MHV to CSAK movement, some are hard, some can be quite confident • Same with Extreme to MTP movement • CSM Buy to reentry Buy movement, many times I get caught on this. Hahhaa You can call me deviated from BBMA code, call me silly, call me greedy. Probably hahahaa In my mind, I just think that, ow if we know...
yup....
if you are mapping all TFs I think there is no problem about that ...
because all entries I have to see TF Mn1 through m 15 ...
every extreme must be csm ...
and every csm isn't necessarily extreme ... lwma out
every extreme is not necessarily MHV ..
every MHV must be extreme
if it happens extreme in BB with a long wick TP must be in mid BB why ...
because we have to wait for CSAK or not ....
and also look at the big TF REE / MHV / extreme or not ...
because everything must be in the same direction ...
BBMA is a loyal trend follower
it is not up to us who determines but the market that shapes
while we are using it
- #58,489
- Jun 13, 2020 5:29am Jun 13, 2020 5:29am
Good day everyone, I've read most of this thread and learnt a lot of things, I'm still unclear in some areas though, but with time I will understand all. I will be grateful if someone can explain to me
Look at this link: https://en.wikipedia.org/wiki/U.S._Dollar_Index
DXY is weighted index from major US trading partners. Of course the weight percentage in the link could be outdated.
But basically if the index weakening, then USD is relatively traded weakening across trading partners.
For me it is potential, not 100% guarantee for pairs you track. Still have to use it wisely.
Hope it explains a bit.
- #58,490
- Jun 13, 2020 6:26am Jun 13, 2020 6:26am
{quote} Hi Godlike, Look at this link: https://en.wikipedia.org/wiki/U.S._Dollar_Index DXY is weighted index from major US trading partners. Of course the weight percentage in the link could be outdated. But basically if the index weakening, then USD is relatively traded weakening across trading partners. For me it is potential, not 100% guarantee for pairs you track. Still have to use it wisely. Hope it explains a bit.
Thanks for your response
- #58,494
- Jun 13, 2020 7:39am Jun 13, 2020 7:39am
{quote} This afternoon I sampled out H4 CSM and laughed on myself with "countering CSM" part. This is almost silly statement perhaps, I think I understand it now. Tiny detail missed and the whole picture read as wrong one. Thanks Pak COmar.FX, hopefully I can improve better from now.
1. H4 Extreme, the correspondence H1 is MHV, M15 Extreme, safe to entry after CSAK. With exclusion on higher TF setup since waiting for CSAK could lose a lot of pips, but still safe and enough to take pips (from what I observed so far). No clogging mind in LWMA H4 or reentry CSAK.
2. H4 MHV, H1 Extreme (there will be no MHV in H1 as MHV in H4 is direct move), M15 also Extreme, should be direct too. Watch M15 candles for extreme confirmation and go. No clogging mind since many times direct move.
3. Reentry H4, take it as BBMA code: REE, REM, RRE
I won't say this is 100% as Akim's method, fair to say Akim's method is sharp as you all see all this time.
Depends on personal understanding, sometimes can't be a sharp as Akim's entry but enough to create pips.
Replicate H4 setup for higher time frame.
For H1 please consider spread for transaction cost and potential gains from trading range H1 LWMA.
Hope it will be useful for people.
Thanks Pak COmar.FX for today's insight. It surely helps me to reduce stupidity in my past trades.
Good luck for all, as always.
better thing to do at weekend.. going to the village n fishing at mekong river..
And also. Another, if trading gold and setup is from 1H, how many pips should be SL/TP?
Hope you can answer both.
- #58,496
- Jun 14, 2020 1:01am Jun 14, 2020 1:01am
- | Commercial User | Joined Feb 2017 | 24,065 Posts
just for a cup of coffee...
- #58,497
- Jun 14, 2020 1:09am Jun 14, 2020 1:09am
- | Commercial User | Joined Feb 2017 | 24,065 Posts
{quote} Hi Akim, A trader like you admitting making a mistake? My respect for you. Hope you get it back soon. For me this week, I'll working on filtering trades : • relatively easy for me, currently, and should be exectuted confidently • that still needs more exploration, and highly selective Next week surely will be busy with my main job, so need to be selective as I can't watch the chart as often as this week. Hope next week better for you. P.S: This thread is a bit weird without you this FRYday. Hahahaha, Keep this thread alive!!!
i'm also human mate..
so human can't escape from making mistake..
i was around at friday,only watching..
some of us already can walk by themself
so learn to run slowly..
no need i'm around to help..
if always need me around so when all of you can know you're ready..???
we will be more experience n success when we did a mistake then improve its..
because we learn from our mistake to be a perfect traders..
nice weekends..
️ just for a cup of coffee...
- #58,498
- Jun 14, 2020 1:11am Jun 14, 2020 1:11am
- | Commercial User | Joined Feb 2017 | 24,065 Posts
Good day everyone, I've read most of this thread and learnt a lot of things, I'm still unclear in some areas though, but with time I will understand all. I will be grateful if someone can explain to me
answer is there..
just for a cup of coffee...
- #58,499
- Jun 14, 2020 2:18am Jun 14, 2020 2:18am
{quote} ha ha.. i'm also human mate.. so human can't escape from making mistake.. i was around at friday,only watching.. some of us already can walk by themself so learn to run slowly.. no need i'm around to help.. if always need me around so when all of you can know you're ready..??? we will be more experience n success when we did a mistake then improve its.. because we learn from our mistake to be a perfect traders.. nice weekends..
row row row your boat
- #58,500
- Jun 14, 2020 3:18am Jun 14, 2020 3:18am
- | Commercial User | Joined Feb 2017 | 24,065 Posts
just for a cup of coffee...