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  • #1,194,761
  • Edited 9:30am May 26, 2021 8:23am | Edited 9:30am
Quoting PatienceFx
{quote} i am waiting to start buying again , waiting for that moment {image}
What level are you looking at in particular? I currently have a limit order set to buy 1.22176. What are your thoughts? If I may ask. Anybody
  • #1,194,762
  • May 26, 2021 8:29am May 26, 2021 8:29am
i am waiting for 2200 / 2175
  • #1,194,763
  • May 26, 2021 8:30am May 26, 2021 8:30am
Quoting sixconrads
{quote} What level are you looking at in particular? I currently have a limit order set to buy 1.22175. What are your thoughts? If I may ask. Anybody
I would not have placed a buy limit order there. But that's just me. I am waiting to see a bullish candle close on the 4HR for further direction.
Learn from your mistakes and march on.
  • #1,194,764
  • May 26, 2021 8:33am May 26, 2021 8:33am
Quoting PatienceFx
i am waiting for 2200 / 2175
Attached Image (click to enlarge)
Click to Enlarge Name: EURUSDH4.png Size: 24 KB
  • #1,194,765
  • May 26, 2021 8:41am May 26, 2021 8:41am
going to write a simple MTF Comment code which will make like simple for traders
  • #1,194,766
  • May 26, 2021 8:53am May 26, 2021 8:53am
Quoting sixconrads
{quote} What level are you looking at in particular? I currently have a limit order set to buy 1.22175. What are your thoughts? If I may ask. Anybody
In saying I wouldn't have placed a buy limit order there, I am not saying you were wrong for doing so. It could work out beautifully for you. As for me, if I am looking to go long, then I want to see a bullish candle close for direction before placing limit orders, as minor retracements often take place on candles.
Learn from your mistakes and march on.
  • #1,194,767
  • May 26, 2021 8:58am May 26, 2021 8:58am
Quoting PatienceFx
going to write a simple MTF Comment code which will make like simple for traders
test it across multiple pairs
Attached Image
Attached File(s)
File Type: ex4 CommentMania.ex4   8 KB | 167 downloads
  • #1,194,768
  • May 26, 2021 9:09am May 26, 2021 9:09am
Quoting PatienceFx
{quote} test it across multiple pairs {file} {image}
Is it based on a specific EMA period?
Learn from your mistakes and march on.
  • #1,194,769
  • May 26, 2021 9:35am May 26, 2021 9:35am
Quoting here2there
{quote} In saying I wouldn't have placed a buy limit order there, I am not saying you were wrong for doing so. It could work out beautifully for you. As for me, if I am looking to go long, then I want to see a bullish candle close for direction before placing limit orders, as minor retracements often take place on candles.
I don't wear my feelings on my sleeve, but thanks for taking the time to share your thoughts. Price came within 1 pip of entry so we'll see how it continues to go. You may get your bullish candle before too long and it looks like I may be re-structuring my setup.
  • #1,194,770
  • May 26, 2021 9:42am May 26, 2021 9:42am
Quoting sixconrads
{quote} I don't wear my feelings on my sleeve, but thanks for taking the time to share your thoughts. Price came within 1 pip of entry so we'll see how it continues to go. You may get your bullish candle before too long and it looks like I may be re-structuring my setup.
I want to see a close above 22465 before preparing to go long. That could change, of course. It all depends on where the current 4HR candle closes. I am a cautious trader.
Learn from your mistakes and march on.
  • #1,194,771
  • May 26, 2021 10:02am May 26, 2021 10:02am
Quoting here2there
{quote} Is it based on a specific EMA period?
simple rsi 14
  • #1,194,772
  • May 26, 2021 10:07am May 26, 2021 10:07am
Quoting PatienceFx
taken exit from all long positions across the board
holy shit, 12 hours of waiting for a trade setup
Attached Image
  • #1,194,773
  • May 26, 2021 10:09am May 26, 2021 10:09am
Quoting here2there
{quote} In saying I wouldn't have placed a buy limit order there, I am not saying you were wrong for doing so. It could work out beautifully for you. As for me, if I am looking to go long, then I want to see a bullish candle close for direction before placing limit orders, as minor retracements often take place on candles.
When saying, as minor retracements take place on candles, what does that mean? Do you mind explaining? I have been strictly going off S & D zones and feel like I need to incorporate confirmation signals for entry as I seem to loose more than I win.
  • #1,194,774
  • May 26, 2021 10:13am May 26, 2021 10:13am
Quoting PatienceFx
{quote} test it across multiple pairs {file} {image}
updated it to show exact rsi value at that time frame
Attached Image


updated version
Attached File(s)
File Type: ex4 CommentMania.ex4   9 KB | 159 downloads
  • #1,194,775
  • May 26, 2021 10:20am May 26, 2021 10:20am
Quoting PatienceFx
i am waiting for 2200 / 2175
price slowly inching to 2200
  • #1,194,776
  • May 26, 2021 10:29am May 26, 2021 10:29am
the idea behind commentmania was to monitor RSI on MTF and to remove JUNK from my chart
Attached Image (click to enlarge)
Click to Enlarge Name: EURUSDH1.png Size: 38 KB
  • #1,194,777
  • May 26, 2021 10:50am May 26, 2021 10:50am
Quoting sixconrads
{quote} When saying, as minor retracements take place on candles, what does that mean? Do you mind explaining? I have been strictly going off S & D zones and feel like I need to incorporate confirmation signals for entry as I seem to loose more than I win.
You can use the fib tool to locate potential minor candle retracements for limit orders. In many instances if not most instances, the high and low of the candle will already be established minutes before the candle closes, giving you time to set up the fib tool in preparation for your limit orders. But if the candle body does not close above the high or below the low of the previous candle (depends on whether it is a bullish or bearish candle), then it would be best to wait for further data before placing limit orders.

See example.
Attached Image
Attached Image

In this case, the 38.2% would have worked out perfectly.

In some cases, you might place a limit order at the opening price or the closing price of the previous candle. Or, you might simply use a market order. It all depends on the scenario, as well as the size of the candle body. Open a EURUSD chart, and look for instances where a bullish candle closed above the high of a bearish candle, and vice versa. Use your fib tool to see how these minor candle retracements play out time and time again.

I used this method recently on this trading idea. It works!

As for Trading Supply and Demand, this method will work well for that too. I find that it is best to wait for candles to close in supply and demand zones before opening a trade. I wait for the candles to give me direction; they lead the way.
Learn from your mistakes and march on.
  • #1,194,778
  • May 26, 2021 10:50am May 26, 2021 10:50am
Quoting bigiivan
{image}
32 hours and 50 pips since I tried to warn you.
Divergence never wrong!
  • #1,194,779
  • May 26, 2021 10:55am May 26, 2021 10:55am
Major manipulation going on. Look at this daily candle move down. Now retail will jump in for sale, and guess what is happening soon? The price will go up more. Trade safe.
  • #1,194,780
  • May 26, 2021 11:01am May 26, 2021 11:01am
Quoting Techanalyst
Major manipulation going on. Look at this daily candle move down. Now retail will jump in for sale, and guess what is happening soon? The price will go up more. Trade safe.
this is exactly what i was waiting for - to buy as low as possible
Attached Image (click to enlarge)
Click to Enlarge Name: EURUSDH1.png Size: 35 KB
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