Daily Trading Ideas

Mega dip and recovery on usd/try.

Just wake up and see
Cash and collect
+98 pips


And back to sleep again

Hi, Akim0895, this Gu set up is wonderful.
May you tell me what time set up this position?
between 17:50 n 17:55 ?
Or
between 18:00 n 18:15 ?

Thanks.

Sorry, my English is not so good.

Haha, missed all the NFP fun, having dinner with my wife and watching 3%. Just reading the thread now. Plenty of opportunities there. Well done to those who caught EUfrom 1.1785 and GU from 3180. I had limit orders at those places but cancelled them as I was not going to be monitoring. Also had orders at GU 3220 and my stop would have been hit.

Slow day for me yesterday. Very very almost profit. Caught EA 6248 and GU short at 3310. Got caught in a few trades GJ short at 141 and NU at 6714. Both on London session.

Im still getting my head around at buying at dips, I always waited for confirmation. Do u guys use any kind of confirmation or just buy at ur support area?

GD akim n all..

the confirmation is the post that Junn answered your question before (click).. akim mentioned before that before any turn takes place, 60-70% such pattern occurs..

- when that GU M15 mt time 17:15 candle closes -> it shows the 1-3 pattern fail.. so i also close my buy limit... had i left it there, it would hit SL..
- then M15 BUEB mt17:45 close (it is a 'traditional' pa right, but it is like M15/30, H1/4... all down.. such that usually it is so called a not 'safe' high probability trade...
- then M15 1-1 buy at mt 18:00 close... the most important thing is at a potential SR area.. but i didn't enter it either.. haha... my fear kicked in... it is not a good enough RR or bla3..
- then M30 1-1 buy at mt 18:00 close... same thing on my mind.. my fear kicked in... it is not a good enough RR or bla3..

but then akim's post(click)... he correctly scalps before M15 1-1 buy at mt 18:00 close... amazing..

so imho, akim really really really trusts his potential SR area and his understanding of price action for scalping is really good.. while i still don't.. haha...

why scalping? if i didn't remember wrongly, akim's insight is that 'one should learn how to scalp first'... which then i somehow someway, may not be correct though, so my 2 cents connected it with his another insight of 'getting green pips is easy if one is not greedy'... i can fairly say that this is against the 'traditional' thinking..

but i like it.. it just wonders me that there exists such probability.. akim's luck? he repeated it too many times to call it luck... haha

GA last position hit BE and then the trend continues on... spread still 0..

not remember the time mate..
only know after that bull rise and forming setup at m15/30 i'm in..

Happy wiken all

Hav a nice wiken

Hi mortal, thanks as usual for your reply. I didnt mean the BBMA strat per se. I meant in general buying or selling at S/R. Do u only wait for the setup to appear or buy directly at support? I see many trades being taken directly on that falling candle smacking right at support. So I guess I should have asked differently maybe like : do u guys buy directly at support or do u always wait for the confirmation setup to press the button? If u wait for the setup, where and how do u put ur buys, limit orders or market execution ?

Im trying with a screenshot (it says yellow lines when theyre blue )

@Mortal, I mean this. I explain myself like a close book in an alien tongue, sorry. Hope u grasp the idea.

im also asking myself this question too. do i buy after the reverse candle formed? where can o place my SL. i often place my sl after the BB or SR whichever is nearer and later find it hits SL and goes flying off... it really sucks

your welcome mate.. i'm not mentioning any BBMA strategy (ecsd/csd/csm/extreme/mlv, ree/rre/rem) here..

no prob.. already explain on my previous post.. let me show in your edited previous pic.. i'm sure you can relate them..


there you can see:
- the first set: 'M15 1-1', 'M15 1-2', 'M15 1-3'
- the second set: 'new M15 1-1', 'new M15 1-2'

(added the quote line above only, so it is clearer to know where the question come from)

why not here (which is the lowest black/blue line), which is before the second set appears
-> imo, that is gambling(trading without knowledge, that is definitely not akim's style).. but again, that is only one view..

why here?
-> imo, akim's understanding of scalping... the potential of 'new M15 1-1' forming is high after (see the closing time for M15 n M30) that M15 BUEB and that M30 BUOB on his 'trusted' SR area.. much better probability than the lowest line..

imho, no offense to anyone here... definitely not akim... haha... the tendency of people of not following the setup/system/method/bla3 is very high even after the so many repeated failed cliches... such that the probability may not sustain itself in the long term... more likely than not, it is better to skip such posts... but again this is imo.. who knows what others were thinking..... maybe the RR seems right for them... maybe the pa which i could not understand due to my lack of knowledge..

for me personally, i wait for at least M15/M30/H1 1-1 setup.. no setup is equivalent to gambling, not trading at all, when catching falling knife..

sometimes i have issues on internet connection... and my trade history wise, buying on market orders seems like i get bad prices than i wanted to... and for scalping, every pip counts... also, to catch falling knife, i aim to catch the lowest price possible... but again, downside is that i can't control the number of positions triggered..

where? imo, oh man that is very subjective... have to 'look to the left' as usual.. and akim mentioned that M15 GU SL is about 20-25pips.. so i roughly measure since the setup appear, doing it fast, looking to the left, quickly placing limit order... damn... hahahaha.. it is like a race when setup occur....

EDIT: frankly, there many unwritten rules/thoughts not mentioned in the posts... but this is understandable... and this will take time to comprehend... and will take time to have the guts to enter the trades... sometimes i think that this catching falling knife thing is nuts, but it can definitely works... the shortcut is for people to read the countless akim posts.... backtest and see the MTF charts for the price action.... make some personal notes(pay attention to details)... once you see hundreds of examples... those clues will appear in our thoughts somehow or someway someday...

thinking the other way round, if akim doesn't even posts... no one will have any clues that it is possible... or maybe even delayed for many years..
now we have those posts... utilise it well... and it is free.. haha

Thanks Mortal!

I didnt mean to catch the falling knife. When I said 'why not here' I meant why not putting the limit orders on those levels that are closer to the lowest point of the candle after the setup appears. If we had done that the orders would have not been triggered and we would have missed the trade, that is why i was asking. It is happening to me sometimes, not sure if its a normal thing or I need to be more sharp.

I would love it if you or anyone else has a look at the next screenshot and gives insight about the notes made on the chart.

It is EA 15m chart at a time that I find interesting. Just trust me that the green line is a strong support although we cannot see it on the chart.

Really appreciate it.

your welcome..

i don't trade EA currently..

have a great weekend all...

Nice weekend all!!

happy weekend brother

Gu yesterday after NFP hit some of my stop..
as always get lucky from m15/30 setup to covered back some loss and get extra green from it..
couple day a little busy outside for some project..
helping and sharing with needed people out there..

Have a look at the USDCHF chart. September in the Spotlight

Hi, akim0895, Thanks.

I think that. setup 3 is better than 2 ,2 better than 1.