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  • #141
  • Oct 31, 2021 9:44am Oct 31, 2021 9:44am
GJ H4 chart, I think I don't have to say anything, you already understand what will you do.

Please don't use indicator in this market conditions you will lose money

Manage your risk with stop
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MA provides the market's current direction and strength.
  • #142
  • Oct 31, 2021 10:40am Oct 31, 2021 10:40am
Quoting hasib
Ok Lets understand GJ monthly chart, Price rejected 149 level many times and move up, That already happen. Now we see previously price move sharply lower form 160 level. we see this month price close below 157 and 156.50 level. if price close above this area we could buy but I don't see any buying below this area in Monthly chart. previous month close bullish, there will be common tendency that people will try to buy since market over all structure and momentum is up. Fundamentally also there is a reason for buy, But some traders like and love to...
hasib. I can understand everything you are saying as it's the conventional way of analysing using previous pa and defining S/R but what I'm doing is totally not the norm but the way bbma interprets pa...with GY the weekly hasn't shown the retracement for a long whereas both the monthly and daily are signalling the upmove. The upmove on the monthly does have room for more and the daily has been bouncing off an area for long entries..just beware of what can happen and you will not be surprised..
the cautious seldom err....C
  • #143
  • Oct 31, 2021 10:44am Oct 31, 2021 10:44am
this is the footpath of bbma from the beginning right through the end and the cycle repeats
Attached Image
the cautious seldom err....C
  • #144
  • Oct 31, 2021 12:58pm Oct 31, 2021 12:58pm
Let me talk about system, There are many system to trade the market. I believe when simple and basic works there is no need to complicate, Complicated system are used by newbies. As a professional trader you have to reduce your variables, I see in FF lots of so called expert they introduce new variable every week, Newbies follow those and they have popularity.

Since your not a course seller nor your interested to deceive new traders to make money from them. Just refine your basic. Traders lose money because of their basic problem. I see with 75% win rate people lose money. I have seen with 30% win rate traders making profit. so No need complicated system.

People will tell you, You need to have a system,

Let me tell you a truth-

Your the system, Develop your self, Not indicator over indicator.
MA provides the market's current direction and strength.
  • #145
  • Oct 31, 2021 1:39pm Oct 31, 2021 1:39pm
Quoting hasib
Let me talk about system, There are many system to trade the market. I believe when simple and basic works there is no need to complicate, Complicated system are used by newbies. As a professional trader you have to reduce your variables, I see in FF lots of so called expert they introduce new variable every week, Newbies follow those and they have popularity. Since your not a course seller nor your interested to deceive new traders to make money from them. Just refine your basic. Traders lose money because of their basic problem. I see with 75%...
yes, there are many systems traders use and no system is perfect, we have to use the brain to make things work..
the cautious seldom err....C
  • #146
  • Oct 31, 2021 1:43pm Oct 31, 2021 1:43pm
Quoting pips29
will decide what to do with this pair before the week is up {image}
I have kept this pair over the weekend as I believe there is more room going down..let's see
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the cautious seldom err....C
  • #147
  • Oct 31, 2021 1:50pm Oct 31, 2021 1:50pm
Quoting pips29
{quote} I have kept this pair over the weekend as I believe there is more room going down..let's see {image}
CAD is getting strong,
MA provides the market's current direction and strength.
  • #148
  • Oct 31, 2021 1:50pm Oct 31, 2021 1:50pm
on the weekly of GU there were several entries available after confirmation of candle stick direction(csd) which is down..if you have a keen eye you will know this is stage 5 of the cycle,,csk=csd
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the cautious seldom err....C
  • #149
  • Oct 31, 2021 1:54pm Oct 31, 2021 1:54pm
Quoting pips29
on the weekly of GU there were several entries available after confirmation of candle stick direction(csd) which is down..if you have a keen eye you will know his is stage 5 of the cycle {image}
if your selling gu, you should not buy gj.

GBP, I think it has lots of uncertainty
MA provides the market's current direction and strength.
  • #150
  • Oct 31, 2021 2:01pm Oct 31, 2021 2:01pm
the loonie on the monthly and weekly chart,,I hope price doesn't follow the weekly
Attached Image(s) (click to enlarge)
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Click to Enlarge Name: USDCADWeekly.png Size: 57 KB
the cautious seldom err....C
  • #151
  • Oct 31, 2021 2:06pm Oct 31, 2021 2:06pm
Quoting hasib
{quote} if your selling gu, you should not buy gj. GBP, I think it has lots of uncertainty
that's wrong thinking because I see UY going higher and the yen remains weak overall, so UY will bring other yen pairs up along though those currencies might be trending down against the dollar. If the dollar is also weak but strong enough against the yen all other yen pairs will move much faster and greater than UY
the cautious seldom err....C
  • #152
  • Oct 31, 2021 4:48pm Oct 31, 2021 4:48pm
Quoting hasib
{quote} if your selling gu, you should not buy gj. GBP, I think it has lots of uncertainty
I will sell GU if price retraces higher, no value in shorting now
Attached Image (click to enlarge)
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the cautious seldom err....C
  • #153
  • Oct 31, 2021 9:17pm Oct 31, 2021 9:17pm
Quoting pips29
{quote} that's wrong thinking because I see UY going higher and the yen remains weak overall, so UY will bring other yen pairs up along though those currencies might be trending down against the dollar. If the dollar is also weak but strong enough against the yen all other yen pairs will move much faster and greater than UY
I don't think you consider fundamentals in your trading.

what I am trying to say is if you want to trade JPY weakness trade CJ not GJ. GBP has its uncertainty, don't you read Brexit stories and Before BOE buying I think is not a good idea at all. Of course it is my way. If you think your way profitable enough than buy.

Another point are you buying for daily swing or just for H1 swing. I don't know that, I am assuming you are buying for D1 swing.
MA provides the market's current direction and strength.
  • #154
  • Oct 31, 2021 9:59pm Oct 31, 2021 9:59pm
Goldman Sachs has been bullish on oil and continues to be.

  1. Says its $90 target Brent remains in place.

OPEC+ meet this week, November 4.

MA provides the market's current direction and strength.
  • #155
  • Oct 31, 2021 10:01pm Oct 31, 2021 10:01pm
European Commission vice-president and EU Brexit negotiator Maros Sefcovic writing in the UK's Telegraph.

  1. Sefcovic has urged UK negotitatior Lord Frost to back down and reconsider the EU's proposal to reduce checks on British goods entering Northern Ireland under the protocol.
  2. Sefcovic said: "I am increasingly concerned that the UK Government will refuse to engage with this and embark on a path of confrontation."


Talks between UK and EU officials over the Northern Ireland Protocol resume today, 1 November.

MA provides the market's current direction and strength.
  • #156
  • Oct 31, 2021 11:16pm Oct 31, 2021 11:16pm
My system:

  1. Chart TF: 15m
  2. Indicator 1: Half-trend (15m)
  3. Indicator 2: TDI MTF (30m)
  4. Entry: when both indi1 and indi2 agree together

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[You're never wrong when you're doing the right things]
  • #157
  • Nov 1, 2021 2:44am Nov 1, 2021 2:44am
Quoting jk.kapital
My system: Chart TF: 15m Indicator 1: Half-trend (15m) Indicator 2: TDI MTF (30m) Entry: when both indi1 and indi2 agree together {image}
I have tested half trend, one of the good indicator win rate 38% to 32% depending on which market you test and when you test, with 1 to 2 rr. In some market condition it fails miserable. So learning market structure absolutely crucial, developing fundamental understanding will improve your win rate.

I can see your using higher time frame TDI
Best of luck
MA provides the market's current direction and strength.
  • #158
  • Nov 1, 2021 3:00am Nov 1, 2021 3:00am
Quoting pips29
{quote} yes, there are many systems traders use and no system is perfect, we have to use the brain to make things work..

he is from uk, smart thinking

Inserted Video
MA provides the market's current direction and strength.
  • #159
  • Edited 4:06am Nov 1, 2021 3:42am | Edited 4:06am
Quoting hasib
{quote} I don't think you consider fundamentals in your trading. what I am trying to say is if you want to trade JPY weakness trade CJ not GJ. GBP has its uncertainty, don't you read Brexit stories and Before BOE buying I think is not a good idea at all. Of course it is my way. If you think your way profitable enough than buy. Another point are you buying for daily swing or just for H1 swing. I don't know that, I am assuming you are buying for D1 swing.
I do have fundamentals in mind when I am trading but having learned my lesson(s) from using "fundamentals" I have made it a point not to be influenced by this anymore. The only fundamental I adhere to is "the market can remain irrational far longer than I can remain solvent". I won't mind using "fundamentals" if I have the billions like Warren Buffet and the like..until I become one "fundamentals" will remain outside my trading room. I don't know if you remember the so called "gurus" and banks were calling for aud/usd par value and the aussie went up to 1.06.From my years trading the stock market I know for a fact how the stock is manipulated..Things like P/E ratio to value stocks, something you learn in accounting/economics seldom work in practice. Lots of gurus who talk about fundamentals think they understand how it works but it was just a good laugh for me, even wyckoff pattern of price manipulation has a flaw in it. Just stick to your chart and trade and leave all other things behind the door...all this bankers talk and projections are at best just as good as what you arrive at
the cautious seldom err....C
  • #160
  • Nov 1, 2021 3:50am Nov 1, 2021 3:50am
I went long just about an hour or more after yesterday's open when the spread got closer to normal..I have locked in at b/e now
Attached Image (click to enlarge)
Click to Enlarge Name: GBPJPYDaily.png Size: 57 KB
the cautious seldom err....C
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