Attachments: EURUSD only

EURUSD only

#132,341
May 17, 2021 10:04am May 17, 2021 10:04am

Kyuu
| Joined Dec 2020 | Status: Trader | 732 Posts

Quoting Ata-Turkoglu

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{quote} Normally this would take a whole semester to explain.. But I keep it short: The crux of successful trading is hidden in trend following.. But the crux of trend following is hidden in first getting your angles right.. Once you have the correct angle (which never lasts forever and has to be altered at certain intervals) you can clone them at every high or low and for a certain amount of time you will easily see where to get out and where to aim.. Finally... in any case where you realize after you get out that trend actually wants to continue...

Ignored

ahh okay interesting, thanks! I understand, I can normally determine where the market wants to go but I'm awful with trying to milk an up trend. For example, when I try to TP it will keep going up and if I don't, there's a massive pullback where I could've entered long again.

I have just been holding my long and won't try to TP until much after the highs break, my bias is super bullish for this week. It would be nice if I could milk the pullbacks though so I'll look into that

#132,342
May 17, 2021 11:47am May 17, 2021 11:47am

Ata-Turkoglu
Joined May 2014 | Status: Full Time Trader | 27,148 Posts

Quick H1 S/R Levels for Asian Session..

Low volume makes it difficult to estimate if we will see 1.2137 or 1.2177 first.. But no matter what I will continue to buy dips.. For now I am calling it a day though..

Best wishes for Asian session traders.. See you tomorrow after London

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Focus only on what truly matters!

#132,343
May 17, 2021 12:17pm May 17, 2021 12:17pm

Monk
| Joined Mar 2007 | Status: Trader | 903 Posts

Quoting Ata-Turkoglu

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Meanwhile on H4... I am adding a potential Gartley...

Ignored

Ata - are there any online resources you’d suggest to start learning the fundamentals of where you are with your charting experience? I’ve gone through many online resources and while educational I’ve yet to find one which really takes it from the beginning. Many of them I start and the material is all built around assuming other knowledge is already in place. I find myself googling just to get past the first sections.

--post hoc ergo propter hoc--

#132,344
May 17, 2021 12:54pm May 17, 2021 12:54pm

Ata-Turkoglu
Joined May 2014 | Status: Full Time Trader | 27,148 Posts

Quoting Monk

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{quote} Ata - are there any online resources you’d suggest to start learning the fundamentals of where you are with your charting experience? I’ve gone through many online resources and while educational I’ve yet to find one which really takes it from the beginning. Many of them I start and the material is all built around assuming other knowledge is already in place. I find myself googling just to get past the first sections.

Ignored

I would recommend to stay away from dogmatic, often highly "theoretical" and extremely orthodox material.. many famous books are purely bullsh*t.. Reading those would just be a waste of time..

Focus on material that have an unorthodox way of teaching.. Focus on books or videos that discuss the following topics:
1) Ways of Detecting and Trading Support on Resistance Zones
2) Trading Most Important Fibonacci Levels in relation to Harmonic Patterns: Gartley, Butterfly, Bat, Crab, Shark, Cypher, AB=CD and 3 Drives..
3) Naked Trading and making use of minimal indicator chart setups..
4) Making use of Pitchfork and similar channels and envelopes..
5) major Japanese candlestick patterns like Double/Triple Top or Bottom, Shooting Star/Hammer, Morning/Evening Star, Engulfing, 3 White Soldiers/3 Black Crows...

These 5 topics would be enough to grasp the basics.. Internet is loaded with free ebooks, blogs, videos around these topics.. After you become aware of these your experimenting phase will begin where you invent your own methodology that fits your personal needs and habits.. Learning the 5 topics is the easy part.. the hard part is screen time, back testing and experimenting.. Wishing you good luck..

My two cents..

Focus only on what truly matters!

#132,345
May 17, 2021 2:17pm May 17, 2021 2:17pm

Glpp
| Joined Feb 2012 | Status: Trader | 87 Posts

Quoting Ata-Turkoglu

Disliked

{quote} I would recommend to stay away from dogmatic, often highly "theoretical" and extremely orthodox material.. many famous books are purely bullsh*t.. Reading those would just be a waste of time.. Focus on material that have an unorthodox way of teaching.. Focus on books or videos that discuss the following topics: 1) Ways of Detecting and Trading Support on Resistance Zones 2) Trading Most Important Fibonacci Levels in relation to Harmonic Patterns: Gartley, Butterfly, Bat, Crab, Shark, Cypher, AB=CD and 3 Drives.. 3) Naked Trading and making...

Ignored

my ever present gratitude to ATA and other colleagues who teach us every day ... thank you!

#132,346
May 17, 2021 2:55pm May 17, 2021 2:55pm

Monk
| Joined Mar 2007 | Status: Trader | 903 Posts

Thanks Ata!! Texting a copy of that to myself

--post hoc ergo propter hoc--

#132,347
May 17, 2021 6:23pm May 17, 2021 6:23pm

mtako
Joined Sep 2020 | Status: Trader | 8,702 Posts

Waking up to update my SLs and confirm a new trade at 2162

Quoting mtako

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Bought at 2142 for a bottom of range trade. Bottom of range will be confirmed or put on hold soon. Would be nice to have 2140s as a bottom again ! Would sure give extra protection to Fridays longs. If best case scenario happens will have a 2157 entry soon and lower ones will all be at BE again. Thank you all of you who have stayed positive in your thoughts and in your great shares. Thank you Ata. Cheers all, take good care now and stay light-hearted

Ignored

Now waiting to see important reactions of 2170-2190. Looking for new support above 2170s and start taking new entries from there.

A bit more info on some important levels :

Quoting mtako

Disliked

....Longer-term: {quote} Buy stop triggered for an extremely rare long-term momentum trade. Looking at +3years highs IMPORTANCE TEST. Probabilities of it shooting up .24 are put into action. We now need 2190s broken by same daily move. {quote} This move is great news for the bulk of my trades ! The main stop of all my longs at BE can be moved up to 2060s. When/if 2060 tested, then when volatility has ceased for the days, fixed SL at low of that day, as usual. Back to intraday : For now though, 2170s - 2190s is the really big one to break....

Ignored

Happy tuesday trading all !

If I don't mention SL and/or TP = longer-term setup possibly in the works!

#132,348
May 17, 2021 6:38pm May 17, 2021 6:38pm

Monk
| Joined Mar 2007 | Status: Trader | 903 Posts

My short from Friday close not looking so hot. Hoping for another rejection of 2070 like earlier to get out of it and reevaluate....sl is at 2176 either way I’ll be out.

edit: moving sl up a little more just to give some room. Taking a loss there a little more of a hit doesn’t really matter but would hate to see stop get hit +3 pips them plummet. Really pisses me off when that happens which is often

sold a little more 2166 just to make the hole I’m in just a little deeper lol

--post hoc ergo propter hoc--

#132,349
May 17, 2021 8:24pm May 17, 2021 8:24pm

imwim
| Joined Mar 2017 | Status: Trader | 1,637 Posts

Twenty-eight valuable rules - by W.D. Gann

Attached File(s)

Twenty-eight Valuable Rules.pdf 81 KB | 853 downloads

I am who I am

#132,350
May 17, 2021 9:13pm May 17, 2021 9:13pm

corongumet
Joined Dec 2018 | Status: Trader | 1,483 Posts

Volume for uptrend was decreased

#132,351
May 17, 2021 9:22pm May 17, 2021 9:22pm

macdulio
Joined Oct 2013 | Status: Trader | 1,079 Posts

Leg 3 ended with the 13 count
channel target 1.2095

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#132,352
May 17, 2021 9:55pm May 17, 2021 9:55pm

sartu
| Joined Dec 2018 | Status: Trader | 278 Posts

Short at 1.2168 SL 20 Pips TP Open

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#132,353
May 17, 2021 10:48pm May 17, 2021 10:48pm

Ata-Turkoglu
Joined May 2014 | Status: Full Time Trader | 27,148 Posts

No selling for me folks. still buying dips only.. Happy trading day to all..

Focus only on what truly matters!

#132,354
Edited May 18, 2021 12:10pm May 17, 2021 10:58pm | Edited May 18, 2021 12:10pm

Endoephemera
Joined May 2014 | Status: Alive | 523 Posts

Quoting Endoephemera

Disliked

I'm not liking this up action. There are the strongest reasons to go down to 1.2113 in the first instance and then eventually 1.205 Short 1.2155 14:15 Server Time. Stuff is not working out. Hedged. ...and net short again a few minutes later. 15:40 ST Out. Real +2.1% Demo +25%. And still not liking this action. I'm out of this joint. It's all wrong. The dudes at GS are screwing up badly.

Ignored

Short 1.2167
09:30 Server Time. Up spike. Clearly the guy running things must be confused... Brain tumor maybe. Poor chap.