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Simple Trendline Orderflow System

  • #401
  • Edited 2:39pm Sep 8, 2021 2:01pm | Edited 2:39pm
Quoting Alien2021
{quote} CADJPY (can't see why the M30 move didn't play out)
This is how i see CAD/JPY. There was possibility for price to reach there, was very strong move from that zone. (plus we had red news for CAD)

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  • #402
  • Edited 2:20am Sep 9, 2021 1:40am | Edited 2:20am
I am tracking this.

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EU Gave me this scalp, so after offering buyside oportunities, I am less receptive to shorting opportunities. Meaning, I will not take any level on the short side unless strong PA confirms it.

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  • #403
  • Sep 9, 2021 2:27am Sep 9, 2021 2:27am
Quoting Alien2021
Engineer - a couple of questions if you don't mind? 1) On numerous occasions you have recommended people use LTF price action to confirm HTF levels but no-one seems to be doing this. Have I missed something or is this just people not following your recommendation? That seems strange as I assume it will give a higher win rate and better R/R. 2) I get the idea of using the break of accumulation and distribution trendlines with retest of the break level as an LTF confirmation but you also mention break of structure as an alternative method of confirmation....
You are right. Using LTF price action to confirm HTF levels will statistically result in higher win rate for any method or strategy. But people are free to trade in a manner they are most comfortable with. For most people I think it is impatience and the 'fear' of missing the trade that stops them from looking for LTF confirmation before placing their trades.

For me BOS is just price making a HH or LL into a weak area or free space (not strong demand/supply), as long as this HH or LL does not look like a stop hunt. It is important that after a BOS or the LTF TL breakout, price is retracing to a strong zone before the main move.

I usually take trades after I see strong moves into my entry zone. Check posts 384 and 208 for more on this.

Thanks.
Trading should not be difficult
  • #404
  • Sep 9, 2021 2:35am Sep 9, 2021 2:35am
Hello Sir EngineerFx!
English isn't my language, so sorry if I write wrong. I love your topic, although I can't understand all. But I will try practice and follow your post. So I hope you will share more.
This is my chart, please fix it to me. Thank you very much!
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  • #405
  • Sep 9, 2021 3:21am Sep 9, 2021 3:21am
Quoting EngineerFx
{quote} You are right. Using LTF price action to confirm HTF levels will statistically result in higher win rate for any method or strategy. But people are free to trade in a manner they are most comfortable with. For most people I think it is impatience and the 'fear' of missing the trade that stops them from looking for LTF confirmation before placing their trades. For me BOS is just price making a HH or LL into a weak area or free space (not strong demand/supply), as long as this HH or LL does not look like a stop hunt. It is important that after...
Thank you for you replies which make perfect sense. Same rejection methodology but using different terminology - just wanted to double check.
  • #406
  • Sep 9, 2021 3:48am Sep 9, 2021 3:48am
Quoting silversurfer
This is a M30 chart that marries up perfectly with H1 & H4 for ger30 {image}
This system on M15 for Nasdaq and probably Dow Jones and SP500 works quite well too.
  • #407
  • Sep 9, 2021 3:55am Sep 9, 2021 3:55am
Quoting taksistalo
{quote} This is how i see CAD/JPY. There was possibility for price to reach there, was very strong move from that zone. (plus we had red news for CAD) {image}
I agree that the higher level was likely to produce a reaction. The lower M30 SR level should have led to a move lower and didn't which was a bit strange but, as you say, the CAD rate decision might have been the driver.
  • #408
  • Sep 9, 2021 5:42am Sep 9, 2021 5:42am
Is this like a break and retest strategy
  • #409
  • Sep 9, 2021 9:27am Sep 9, 2021 9:27am
Looks like a good short opportunity is just about to come on S&P.
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  • #410
  • Sep 9, 2021 9:41am Sep 9, 2021 9:41am
Silver - HTF lines in red and LTF entry lines in blue:

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  • #411
  • Sep 9, 2021 10:32am Sep 9, 2021 10:32am
Quoting Alien2021
{quote} I agree that the higher level was likely to produce a reaction. The lower M30 SR level should have led to a move lower and didn't which was a bit strange but, as you say, the CAD rate decision might have been the driver.
You know they use news to grab liquidity, those spikes where meant to stop out and trigger orders on both sides of barricades =)
  • #412
  • Sep 9, 2021 11:05am Sep 9, 2021 11:05am
Quoting taksistalo
{quote} You know they use news to grab liquidity, those spikes where meant to stop out and trigger orders on both sides of barricades =)
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Trading should not be difficult
  • #413
  • Sep 9, 2021 11:26am Sep 9, 2021 11:26am
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Intraday Trading is an Art _ hoda
  • #414
  • Sep 9, 2021 11:59am Sep 9, 2021 11:59am
Quoting taksistalo
{quote} You know they use news to grab liquidity, those spikes where meant to stop out and trigger orders on both sides of barricades =)
Yes, I understand what you are saying. That wasn't really what my original question was about.
  • #415
  • Sep 10, 2021 12:02am Sep 10, 2021 12:02am
Quoting scherzi
I think this one is more interesting. {image}


Also maybe a 5 minute time frame might give a better optic...

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  • #416
  • Sep 10, 2021 4:37am Sep 10, 2021 4:37am
GBPUSD
I think the best opportunity to buy, but before that the price action should be well examined.
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Money goes to the one who understands, not the one who rushes
  • #417
  • Sep 10, 2021 7:21am Sep 10, 2021 7:21am
Quoting Aliens
GBPUSD I think the best opportunity to buy, but before that the price action should be well examined. {image}
How about this option to be closer to the demand...

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D...
  • #418
  • Sep 10, 2021 10:22am Sep 10, 2021 10:22am
Lost sight of this one as was looking at something else. Very nice RR on it though:

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  • #419
  • Sep 10, 2021 4:33pm Sep 10, 2021 4:33pm
Quoting Dane
{quote} How about this option to be closer to the demand
I dont think the price can go to that point, but anything is possible in this market.
Money goes to the one who understands, not the one who rushes
  • #420
  • Sep 13, 2021 12:46am Sep 13, 2021 12:46am
HK50 behaving beautifully
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