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Market Structure Only- keep your charts clean

Quoting Koop
{quote} Yeah, that looks like a good level. Will be watching. What's the yellow broken horizontal line at that level? An alert? GBPAUD short aiming for 3R. {image} Btw Snail, any wave counts on this trade? Been reading up on Wave theory, doesn't seem like something I'll ever be confident in.
Here you go, Koop.

Price alert is attached. Those lines on the chart and only levels I manually have drawn. Other is LO level.
Attached Image (click to enlarge)
Click to Enlarge Name: fe6f6c7272b21bc529ace84b4faf968e.png Size: 57 KB
Attached File(s)
File Type: ex4 PriceAlert.ex4   4 KB | 143 downloads
File Type: mq4 PriceAlert.mq4   5 KB | 122 downloads
frankfurt opens 2 hours before london so sometimes it gives nice pa and here and there signifies the whole trend direction of the day. but it is not a hard set rule
Quoting Koop
{quote} Yeah, that looks like a good level. Will be watching. What's the yellow broken horizontal line at that level? An alert? GBPAUD short aiming for 3R. {image} Btw Snail, any wave counts on this trade? Been reading up on Wave theory, doesn't seem like something I'll ever be confident in.
For an absolute target for today for Gbp/Aud, would be for me W38 @ 82293
Attached File(s)
File Type: ex4 Pivot_Voty-2 ALERT.ex4   71 KB | 127 downloads
Quoting nikosk0
frankfurt opens 2 hours before london so sometimes it gives nice pa and here and there signifies the whole trend direction of the day. but it is not a hard set rule
Today it was a run after available liquidity around the Weekly Pivot. Somebody might it call a stop hunt.
Quoting finessence
{quote} Nothing's really new in forex. https://www.forexfactory.com/thread/...-price-pattern

or https://www.forexfactory.com/thread/...r-levels-right
Quoting snail69
{quote} Today it was a run after available liquidity around the Weekly Pivot. Somebody might it call a stop hunt.
i dont use pivots but i understand and agree with your thoughts.

although i have zero confidence trading against the trend (on 4hrs) on GU
Quoting nikosk0
{quote} on both sorts you got in early, you didnt wait for ltf structure shift (also london is closed in 2nd entry so better stay out of trades) 30m is ok for 4hr/daily entries the entries you took should be based on 5m tf. hope the chart below will explain {image}
thanks for the insights! i can take entries even better now! Btw, u made it look so easy!
Quoting henn9
{image}I'm holding this trade from last week and I'm wondering what your thoughts are at this point, I have already taken some profit, Do you think I should close it or let it run? {image}
interesting the three indicators you use I assume as a statement, can you kindly describe how you use them ..?
Quoting yumnyap
{quote} thanks for the insights! i can take entries even better now! Btw, u made it look so easy!
trading is easy if you have a plan and follow it religiously.
i have prety much shared my entire plan on eu the past 2-3 weeks, doesnt matter if i am right or wrong, just stick to it. i know it works and the plan tells me when i am wrong.

also dont take heavy risks that will make you nervous. that will cause you to close the trades early and dont stick to the plan

no need for crazy winners or heartbreaking trades, steady and simple. 5 pips 10 pips 20 pips, whatever you can get, it adds up
Quoting Koop
{quote} Lol i already started executing before london open after some backtesting. However, sometimes some weird whipsawing happens around London open. USDJPY {image}
did u take this? i didnt understand. it was a great trade if u did based off 4hrs
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USDJPY 4 H
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Quoting snail69
{quote} For an absolute target for today for Gbp/Aud, would be for me W38 @ 82293 {file}
Thanks man. Strapped it on.
While downloading the attachment I noticed I already had that indicator. I think it was from my days in the Davit Pivot thread.

Happy Trading!!

Quoting nikosk0
{quote} did u take this? i didnt understand. it was a great trade if u did based off 4hrs {image}
Yeah I did, but on the 5m chart, with analysis from 1H.
I would have held on longer if I knew the 4H may have been preparing for a bigger move.

Oh well, content with the 3R
Quoting Koop
{quote} Thanks man. Strapped it on. While downloading the attachment I noticed I already had that indicator. I think it was from my days in the Davit Pivot thread. Happy Trading!! {quote} Yeah I did, but on the 5m chart, with analysis from 1H. I would have held on longer if I knew the 4H may have been preparing for a bigger move. Oh well, content with the 3R
ςιτη α 5μ εντρυ θ διδ ςελλ νοτ ηολδινγ

sorry was in greek

with a 5m entry u did awesome. no need to time the entries on all timeframes. but you could take 2 positions with different stops and targets if you liked the 4hr.

they are tottaly different trades anyway
Quoting Koop
{quote} Yeah, that looks like a good level. Will be watching. What's the yellow broken horizontal line at that level? an Alert? GBPAUD short aiming for 3R. {image} Btw Snail, any wave counts on this trade? been reading up on Wave theory, doesn't seem like something i'll ever be confident in.
Pheww!!

GBPAUD short closed for 3R after more than 6 hours. Hate these kind of trades, but money is money right?
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Quoting Koop
{quote} Pheww!! GBPAUD short closed for 3R after more than 6 hours. Hate these kind of trades, but money is money right? {image}


at least its waiting on the winners side and not the loosing one like most people

same stuff with me and my eu

waiting for the news in an hour to move it (hopefully in my direction)
Quoting nikosk0
{quote} at least its waiting on the winners side and not the loosing one like most people same stuff with me and my eu waiting for the news in an hour to move it (hopefully in my direction)
Haha, True, would have been worse to wait so long for B.E or a loss.

Is your EU short or Long?
Why have you moved over to the swing trading side these days? Time? or you found it more reliable on the higher TF?
NEWS

Quoting Koop
{quote} Haha, True, would have been worse to wait so long for B.E or a loss. Is your EU short or Long? Why have you moved over to the swing trading side these days? Time? or you found it more reliable on the higher TF?
nah, its just that i didnt want 5-10 pips i targeted about 40-50. basically i scalp when the days allows it, when it doesnt i take intraday (kinda swings).my analysis is always based off HTF

both gu and eu sorts closed

news are the best

eu 15s chart long as well (can you see it?)
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Quoting nikosk0
NEWS {quote} nah, its just that i didnt want 5-10 pips i targeted about 40-50 both gu and eu sorts closed news are the best {image} {image}
Lol Congrats mate. big moves.
go grab a beer or take your Girl out!!
Quoting Koop
{quote} Lol Congrats mate. big moves. go grab a beer or take your Girl out!!
well not the big rrr i got the other day but pip wise they were. thanks!


all about sticking to a plan that has been tested. and as i said previously, i have shared the whole eu plan the past weeks, didnt change course along the way
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Quoting nikosk0
NEWS {quote} nah, its just that i didnt want 5-10 pips i targeted about 40-50. basically i scalp when the days allows it, when it doesnt i take intraday (kinda swings).my analysis is always based off HTF both gu and eu sorts closed news are the best eu 15s chart long as well (can you see it?) {image} {image} {image}

Not when one sleeps.....
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