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  • #137,641
  • Aug 9, 2021 7:52am Aug 9, 2021 7:52am
Quoting izzas
{quote} so in summary what does it meant.. i don't quite understand it..
I understand that you don't understand, but understand that different Time Frames have different Market Structure.

I will encourage you to study up on Market Structure, and Break of Market Structure as they relate to HH, HL, LH, LL, H,, and L.
  • #137,642
  • Aug 9, 2021 7:53am Aug 9, 2021 7:53am
Quoting 934rex
{quote} I understand that you don't understand, but understand that different Time Frames have different Market Structure. I will encourage you to study up on Market Structure, and Break of Market Structure as they relate to HH, HL, LH, LL, H,, and L.
I see , thanks for the suggestion , really appreciate it bro
  • #137,643
  • Aug 9, 2021 7:57am Aug 9, 2021 7:57am
Attached Image
67% retail is long so wont take long to go down

from : https://fxssi.com/tools/current-ratio
Trends have a higher probability of continuing than not.
  • #137,644
  • Aug 9, 2021 8:12am Aug 9, 2021 8:12am
Quoting eurusd-thijs
{image}67% retail is long so wont take long to go down from : https://fxssi.com/tools/current-ratio
The downside risk is greater at this stage, I agree. My bearish target is 1.17100

Guy
  • #137,645
  • Aug 9, 2021 8:14am Aug 9, 2021 8:14am
Quoting eurusd-thijs
{image}67% retail is long so wont take long to go down from : https://fxssi.com/tools/current-ratio
SmartMONEY and Contranian move.

Make their stopLOSS your Entry.

90% is psychology... 10% is skill.
  • #137,646
  • Aug 9, 2021 8:24am Aug 9, 2021 8:24am
Quoting izzas
{quote} I see , thanks for the suggestion , really appreciate it bro
You are absolutely welcome...

Market Structure is key.

Once you find the trend, go with it, and use a Sniper entry to reduce your stoploss and Risk, thereby increasing your RRR.

I rather have the best RRR than the highest Pips.

EXPLANATION
Imagine we both enter the same trade with the same lotsize and profit target of 100 Pips.

You entered with a StopLOSS of 10 Pips, I entered with 5 Pips.

Your Risk/Reward Ratio, RRR = 10:100 = 1:10

My RRR = 5:100 = 1:20

This means that for every $1 you risk in the market, you will only make $10. In my case, I will make $20 for every $1 invested.

This is why RRR is very important.
  • #137,647
  • Aug 9, 2021 8:28am Aug 9, 2021 8:28am
Quoting 934rex
{quote} You are absolutely welcome... Market Structure is key. Once you find the trend, go with it, and use a Sniper entry to reduce your stoploss and Risk, thereby increasing your RRR. I rather have the best RRR than the highest Pips. EXPLANATION Imagine we both enter the same trade with the same lotsize and profit target of 100 Pips. You entered with a StopLOSS of 10 Pips, I entered with 5 Pips. Your Risk/Reward Ratio, RRR = 10:100...
Sorry, but your understanding of RRR is wrong. If neither of your stops gets hit, and your entries were close to the same price, you will both make the same amount of money.

Guy
  • #137,648
  • Aug 9, 2021 8:36am Aug 9, 2021 8:36am
Like I said hours ago: intraday, greater chances of just going reaching both ways before taking any serious direction.

First the range shift down, then up, then down now up again, but without remaining above or under any meaningful moves long enough, Range Heaven all day again!

The longer bears hold on though while remaining low and stopping big bulls incessantly from any moves comparable to their own lasts days moves, the more momentum they are building for the longterm, hence the few extra shorts I got accumulated with tight stops, the most voluminous taken at the highest range top, where I sold my last at 65.

Patience is key now, and only a 1H close above days high can change that at this level, after ranging conditions were solidified beyond volatility, at least for my positions

Happy afternoon and night everyone!
Attached Image
If I don't mention SL and/or TP = longer-term setup possibly in the works!
  • #137,649
  • Edited 8:57am Aug 9, 2021 8:39am | Edited 8:57am
Quoting Robinhood1
{quote} Short swing to the upside now 11810 where i will reverse down.
As a swing move will take the whole week to reach 11810/40 i beleive
POSTMASTER
  • #137,650
  • Aug 9, 2021 9:07am Aug 9, 2021 9:07am
Quoting Guy1969
{quote} Sorry, but your understanding of RRR is wrong. If neither of your stops gets hit, and your entries were close to the same price, you will both make the same amount of money. Guy
Dude,
You are right and I'm right, but you are technically wrong.

WHY???????
It's called a Risk/ Reward Ratio for two reasons.

1... The risk involved
2... The reward anticipated

When you have the two parameters, you can then determine the ratio.

My argument is based on Risk & Reward Ratio, not just the amount of money made.

We may both make $100, but when we consider the Risk & Reward Ratio factor, I would have made more.

You are smart for putting the caveat --- if no stopLOSS was hit. What if both stoploss got hit, the dude with higher stoploss loses more.
  • #137,651
  • Aug 9, 2021 9:13am Aug 9, 2021 9:13am
Quoting Ata-Turkoglu
Let's see where sell pressure will kick in.. These intraday highs up until 1.1790 roughly are all critical levels! {image}
Thanks, very helpful data. see what happens here off the 1.1753
  • #137,652
  • Aug 9, 2021 9:35am Aug 9, 2021 9:35am
Considering the Institution Candle approach...
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  • #137,653
  • Aug 9, 2021 9:52am Aug 9, 2021 9:52am
Quoting Robinhood1
{quote} As a swing move will take the whole week to reach 11810/40 i beleive
If 1.1740 breaks it may take a lot longer than a week to move back to 1.118XX....
...because you never know - until you do!
  • #137,654
  • Aug 9, 2021 9:56am Aug 9, 2021 9:56am
Quoting eurusd-thijs
{image}67% retail is long so wont take long to go down from : https://fxssi.com/tools/current-ratio
Attached Image (click to enlarge)
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Guess who is the retail investor?
...because you never know - until you do!
  • #137,655
  • Aug 9, 2021 10:03am Aug 9, 2021 10:03am
EU still ish on.M5
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  • #137,656
  • Aug 9, 2021 10:18am Aug 9, 2021 10:18am
Since Friday I keep mentioning 1.1740 area support and here we are.. From here on until 1.1705 a little more careful dear bears!
Focus only on what truly matters!
  • #137,657
  • Aug 9, 2021 10:30am Aug 9, 2021 10:30am
Quoting 934rex
Considering the Institution Candle approach... {image} {image} {image} {image} {image}
Always love your style mate, thanks for sharing !


OK, best scenario here was a slow but steady down move and enough volatility kicking in next EU to cut through or further down beyond 1720s, like a knife in butter.. BUT here we are !

But first off, hit some more TPs along the way, biggest fishes for me today ! Hope it to be some of my smallest at end of month !

Quoting mtako
... am selling again the break of low of this 15m cdl, sellstop1.17569, but for 13pips.. and that would probably end this first volatility war, now being won by bulls... And I would also be back in the green with my EURUSD trades. Wait, what ? didnt this crazy fellow just share a million losses in a row ? I scalp a lot ... AND more importantly It is all reliant on proper risk management. And that does not mean a simple % per trade, no. It depends on the strategy, on the setup,...
Happy trader as always, rain or shine, does not matter!

Now, as long as 1767 is not hit again(little chance, but extremely good if not hit!), Ive got a new sell stop at 1.17480 for 12 pips AND at 1.17400 but for a 2H trade !

Quoting mtako
{quote} Sold at 1757 and again at 17600 and will sell again at around 53 and 46 as long as 66 not hit. 1 for 24 pips, 3 longer term positions depending on 1720s-30s reaction, if we get there.
BUT if we go right back up above 52 and hang from here, probably 70s playing and ranging still... Ive got a too good range trade long setup from there for 7 pips, again...

Quoting mtako
And 1st intraday volatility growing battle has just ended in my book. Bears 1 Bulls 0 ! And now on the 1H the battle has begun ! Sell stop 1.17522, half TP at candle close at RSI < 25, SL close above days high. Time to bat again ! Batter batter batterrrr ! {image}
This 1H trade will have a moving SL for even less risk, if price breaks the new low of the day in this hour ! For now, SL and TP still the same...

Will know soon !

3 - 2 - 1 Liftoff !?
Attached Image
If I don't mention SL and/or TP = longer-term setup possibly in the works!
  • #137,658
  • Aug 9, 2021 10:36am Aug 9, 2021 10:36am
My Sweet Spot Areas for Tomorrow

  1. For tomorrow only: If the vacuum after-effect of the long bearish candle from Friday kicks in, we might see a re-visit to 1.1788 and maybe even 1.1825 area.. So we must be awake against sudden bull attacks!
  2. Bears will probably keep pushing until 1.1725 area roughly but I personally have no gut feeling that they will go further.. At least for tomorrow we should have some minor pullback at least..
  3. Overall the descending wedge prevails and candles are still flowing in it.. Meaning: Environment is still bearish!

I hope it helps

Attached Image (click to enlarge)
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Focus only on what truly matters!
  • #137,659
  • Aug 9, 2021 10:50am Aug 9, 2021 10:50am
Attached Image (click to enlarge)
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Ok so as you can see above I am short. I mistakenly closed earlier shorts too soon - hence this crappy entry. I'm trying to get out today at 1.1720 but I really think that it is a reach.

Personally I don't see much of a catalyst for either bull or bear camp until possible CPI on Wednesday.

Overall I'm bearish on USA stocks and EU.
...because you never know - until you do!
  • #137,660
  • Aug 9, 2021 11:22am Aug 9, 2021 11:22am
Quoting 9jatrader
It has gone deep on both 4hr and the daily. The daily seems ready to either go down again or move sideways. Happy weekend{image}{image}
30 mins already showing signs of going further down
Make all mistakes in demo and rain in pips in live account
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