{image}{image}h4, h1 two screens on h1 stop hunt most of them are in purchases in the table on the right I expect a sale, I want to hear your colleague's opinion
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hey mate. just wanted to say about the UC posted by you earlier, that 6% i was talking about (stop losses + buy stop combo) did indeed make the price spike up, and then come down lower. it bassicaly did exactly what you expected at least up to now. red line on the posted chart
we could use that for quick 1m scalps as well.
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price action, market structure, reversion to the mean. that is my success
I guess we can also look at things like this. We’re trading with the Banks so if a particular pair has gone down a 115 pips in one direction don’t we think the retest of the OB should be a good time for them to take profits off the table.
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depends on the pair mate. eu goes for retest after 40-50 pips
pound cand go as much as 200 pips
uchf 70-100 (if it goes fast, if it goes slow you can ride the trend for 10-15 pips each step along the way
each pair has different movement. focus on a few pairs and master them.
price action, market structure, reversion to the mean. that is my success
Missed this great trade on Gold but I’m posting for learning purposes. I took a random nonsense trade after that move and lost -20 pips. I definitely need to work on my discipline and don’t get so distracted. {image} Nice trade on GU. Price slightly touched the OB and moved upwards. +14 pips {image} Next possible trade on Gold. {image}
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Hi 7Billions, can you please tell me your MA settings in the posted charts? I realize the MAs are not part of op's strategy, however I think it will help me in identifying MS better. Thank you, cheers
{quote} Hi 7Billions, can you please tell me your MA settings in the posted charts? I realize the MAs are not part of op's strategy, however I think it will help me in identifying MS better. Thank you, cheers
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Hi, Tomoo
I'm using Smoothed MAs:
200
16, apply to high
16, apply to low
Hello guys, can you tell us what is the difference between swing and just hi or loy, or is it the same thing, I myself am from Russia, there is a dispute between colleagues. Swing is a pivot point ?? and hi loy is it a trend structure? And the question is how to define swing? tom dante says in his webinars that swing points and they should be deep have free space
Hello guys, can you tell us what is the difference between swing and just hi or loy, or is it the same thing, I myself am from Russia, there is a dispute between colleagues. Swing is a pivot point ?? and hi loy is it a trend structure? And the question is how to define swing? tom dante says in his webinars that swing points and they should be deep have free space
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To me Price only makes HH and HL which is market structure, swing can be different for different people every turn is a swing i.e., say for me 1M scalper an 1H reversal is a swing for others intraday may be 4H reversal is a swing, for long term position trader a weekly turning point is a swing.
Blue is weekly
Red is daily
Black is 4H
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Keep learning, Stay humble! Never giveup or lose hope!
{quote} Hi Bilal Hope your all good? i see the pivot points on your charts. the daily, weekly, monthly highs how do you use them along side this startergy? thanks Ben
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mainly i see previous day because once price take out SL of ppl above or below yesterday high low it retraces. There chance are to look for divergence bos and retest.
the only way to be in business is to buy on the edge to get chance to do BE, else small SL.
but if i dont do BE in anticipation of more pips and not using SL it can burn equity going against me.
practise only demo and consider it as a degree not an monthly refresher course and see how this market suits you, we are not here to throw away our money.
Keep learning, Stay humble! Never giveup or lose hope!
am in this trade too. i love pound but my other 2 pairs that i am married with, dont give a setup since yesterday (i get 80% in rate at the others). pound setup is at about 55-60% for my taste.
price action, market structure, reversion to the mean. that is my success
