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Auction Market Theory and Market Profile
- #17,743
- Oct 15, 2021 7:42am Oct 15, 2021 7:42am
- Joined Nov 2018 | Status: Trader | 1,051 Posts
{quote} I suspect the highs are still being tested {image}
- #17,744
- Edited 7:53am Oct 15, 2021 7:43am | Edited 7:53am
- Joined Nov 2018 | Status: Trader | 1,051 Posts
{quote} GBPJPY who is or was short ,we have a trend {image}
Lesson To Be Learnt. There is a GREAT VOLATILITY in a Currency whose ELECTIONS are to be Held
- #17,745
- Oct 15, 2021 7:52am Oct 15, 2021 7:52am
- Joined Jan 2018 | Status: Trader | 17,298 Posts
{quote} Reason For Weak JPY - JAPAN ELECTION {image}
I have no idea about that
It would be nice if someone could explain to everyone why it is like this.
thank you
- #17,746
- Oct 15, 2021 8:02am Oct 15, 2021 8:02am
- Joined Nov 2018 | Status: Trader | 1,051 Posts
As Per my Knowledge there are Price Cycles for Monthly Top & Bottom
Upper Cycle starts from @78.6 Fibo with Important Price Cycles
@ 100 Fibo
@ 123.6
@ 161.8
@ 200
And Last Upper Price Cycles
@ 261.8
@ 423.6
But Due to ELECTIONS it has crossed all the Important Price Points
Price Started for the Month is @ 0 Fibo @ 149.754
Upper Cycle starts from @78.6 Fibo with Important Price Cycles
@ 100 Fibo
@ 123.6
@ 161.8
@ 200
And Last Upper Price Cycles
@ 261.8
@ 423.6
But Due to ELECTIONS it has crossed all the Important Price Points
Price Started for the Month is @ 0 Fibo @ 149.754
- #17,747
- Edited 8:18am Oct 15, 2021 8:05am | Edited 8:18am
- Joined Nov 2018 | Status: Trader | 1,051 Posts
{quote} I have no idea about that It would be nice if someone could explain to everyone why it is like this. thank you
Then Choose a Pair to Trade then
Monthly Next Check Point @261.8 Fibo - @ 159.362
- #17,748
- Oct 15, 2021 8:15am Oct 15, 2021 8:15am
- Joined Jan 2018 | Status: Trader | 17,298 Posts
{quote} I think so we should just keep the Knowledge about ELECTION IN WHICH COUNTRY - Its CURRENCY Then Choose a Pair to Trade then
{quote} I have no idea about that It would be nice if someone could explain to everyone why it is like this. thank you
Japan election = RISK = buy something else, not JPY
IMHO this is trading woodoo, but maybe it matters to someone
- #17,751
- Oct 15, 2021 9:21am Oct 15, 2021 9:21am
- Joined Jan 2018 | Status: Trader | 17,298 Posts
{quote} probalbly RISK ON / RISK OFF. Japan election = RISK = buy something else, not JPY IMHO this is trading woodoo, but maybe it matters to someone
For me, it doesn't matter what I trade.
it must fit my mp trading and fulfil certain conditions.
BTC very good trade
{quote} For me, it doesn't matter what I trade. it must fit my mp trading and fulfil certain conditions.
{quote} BTC very good trade {image}
Reject something -> you can substitute any entity e.g. POC, VAL, VAH, VWAP ... whatever we believe in
- #17,753
- Oct 15, 2021 9:32am Oct 15, 2021 9:32am
- Joined Jan 2018 | Status: Trader | 17,298 Posts
{quote} same for me, price according to setup and rules. {quote} thx! this was classic impulse-pullback-reject something-profit, and digger sniffed it
we know this DIGGER
we did not get the right setup
{quote} we know this DIGGER we did not get the right setup {file} {file}
this led me to the MP and VP ... and it bends to consolidate my strategy into simple principle
The Digger currently is a different machine like in this files
The Digger is the heir to all thoughts reduced to one simple rules
1. PA = impulse, pullback, reject VWAP, profit
2. A lot instruments portfolio management (diversyfication) in fact this is statistical edge
Due to the fact that the whole strategy requires as many different instruments and TFs as possible, it is necessary to automate.
Man is not able to grasp that number of sets.
3. Time management by TP and smart SL
4. and few smart tricks
- #17,756
- Oct 15, 2021 10:14am Oct 15, 2021 10:14am
- Joined Jan 2018 | Status: Trader | 17,298 Posts
{quote} gorgeous, retro trade
yes,thank you
that was predictable today in the DAX40
- #17,758
- Oct 15, 2021 10:31am Oct 15, 2021 10:31am
- Joined Jan 2018 | Status: Trader | 17,298 Posts
maybe it will be useful to someone {image} {image}
that is good
in reality it looks different
- #17,760
- Oct 15, 2021 10:37am Oct 15, 2021 10:37am
- Joined Jan 2018 | Status: Trader | 17,298 Posts
{quote} ha ha is exactly like in the life of a trader when he watches the price ... we see something and something else is happening in the background
there is something useful about it it is not like that