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Darkangels pips hunter

GbpJpy 30m, still on support zone. Its a zone and not a certain point
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Oil on fire ,
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UsdCad on fire
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Ok, let's go through GbpJpy:
Monthly price has tested last month low 149.72 but not break and accelerate.
Weekly price has created bearish divergence, the price has fallen and now lands at 78.6fib level where most often price respect and do not close below. 78.6fib is 150.49
From these two info we know that the price today has fallen so deep to 149.60 and will not be able to break last month low and on the other hand many financial institutions / traders use 78.6fib as a reference and will defend it, ie. 150.49. Now we know we'll buy the dip.


Daily price lands on the middle line of the uptrend channel
This is a positive signal that the award will receive support based on the channel.

4hr price continues to give us lower low in price and HH in mare indicate near change in price behavior ie. bullish divergence on the way.

On the 30m support based on monthly last low and we expect the price to react here, although it is very important to understand that this represents a zone and not a special level.

Then we have a good news on new variant of covid 19
CDC: Omicron case was fully vaccinated and has mild symptoms
ICYMI - France says flights from South Africa can resume after Saturday (Dec. 4)

Based on that we decide to look to buy the dip in different phases and target 150,49
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Now I am not here to explain how I trade, but this time I do. If you dont understand the market correctly then maybe you are not ready to trade this market.

Can you open a restaurant when you don't know how to cock?

The result of GJ is clear heading north
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Quoting darkangel13
Now I am not here to explain how I trade, but this time I do. If you dont understand the market correctly then maybe you are not ready to trade this market. Can you open a restaurant when you don't know how to cock? The result of GJ is clear heading north {image} {image}
Lol, i believe this is reference to me because i closed my long.
simple rules buddy will always save you from awful trades.
i will never hold a trade with more than 50 pips drawdown, even if i think it worth 500 pips after.
most of the time even not more than 30 pips.

1. Structure is down on all time frames.
2. Fresh LL on 4h(yes, with bullish divergence)
3. Cross pairs are smoother than majors, price can fall another 50 in 5m after such an LL, lot of room down.

Who want to hold -100 pips trades? Only stupid traders.

I believe that you dont like that i post a losing trades here, so you should ignore me bro.
traders need to know that this is not going always as expected.

so you saying between the lines that i dont know how to trade?

now i see your target is 150.490.
40 pips profit potential for more than -60 dd.. and i dont know what im doing.
Keep it simple, stupid.
Quoting gatenio
{quote} Lol, i believe this is reference to me because i closed my long. simple rules buddy will always save you from awful trades. i will never hold a trade with more than 50 pips drawdown, even if i think it worth 500 pips after. most of the time even not more than 30 pips. 1. Structure is down on all time frames. 2. Fresh LL on 4h(yes, with bullish divergence) 3. Cross pairs are smoother than majors, price can fall another 50 in 5m after such an LL, lot of room down. Who want to hold -100 pips trades? Only stupid traders. I believe that you dont...
Well from what I've noticed, he generally looks at points of reversals to trade off of.

I do not understand the concept of 123 or wolf waves or whatever other names there are. I only stick to price action. But based on 4H and daily for GBPJPY, I do see a possibility of further up move. We had previous consolidation resistance around 151.6 after it starts pushing higher, and if it wants to push higher, potentially even 152.4 region.

But what do I know, I am just someone that follows the crowd. But I don't see the crowd doing anything now.
A 1 pip gain is better than a 1 pip loss.
Quoting gatenio
{quote} Lol, i believe this is reference to me because i closed my long. simple rules buddy will always save you from awful trades. i will never hold a trade with more than 50 pips drawdown, even if i think it worth 500 pips after. most of the time even not more than 30 pips. 1. Structure is down on all time frames. 2. Fresh LL on 4h(yes, with bullish divergence) 3. Cross pairs are smoother than majors, price can fall another 50 in 5m after such an LL, lot of room down. Who want to hold -100 pips trades? Only stupid traders. I believe that you dont...
since you talk hh and lll and i believe i am an expert on this system, below is your entry with confirmation. it's not da's fault you entered early. da only gives trade ideas not signals, the entry, exit and trade management is up to you.

dont try to buy a falling knife next time.

da knows his stuff and there is a reason his thread is the only on forex factory i am watching.

ps. the sl could be higher, i dont know fi it was was created by the rollover spread, if it was you could use a smaller sl and increase your rrr.

good luck next time
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Quoting nikosk0
{quote} since you talk hh and lll and i believe i am an expert on this system, below is your entry with confirmation. it's not da's fault you entered early. da only gives trade ideas not signals, the entry, exit and trade management is up to you. dont try to buy a falling knife next time. da knows his stuff and there is a reason his thread is the only on forex factory i am watching. ps. the sl could be higher, i dont know fi it was was created by the rollover spread, if it was you could use a smaller sl and increase your rrr. good luck next time...
Who blame him?

You an expert? Ok..
i dont trade 5m chart buddy, thank for the contribute.
Keep it simple, stupid.
Quoting aeternum
{quote} Well from what I've noticed, he generally looks at points of reversals to trade off of. I do not understand the concept of 123 or wolf waves or whatever other names there are. I only stick to price action. But based on 4H and daily for GBPJPY, I do see a possibility of further up move. We had previous consolidation resistance around 151.6 after it starts pushing higher, and if it wants to push higher, potentially even 152.4 region. But what do I know, I am just someone that follows the crowd. But I don't see the crowd doing anything now....
i agree, i didnt copy the trade blindly, i took it on the 4h order block.
after it went slightly deeper i closed it with -40.
i post entry, i post close as well, honesty!

i respect DA's knowledge, i felt he talk to me in his post about the restaurant.. that all.
Keep it simple, stupid.
Quoting gatenio
{quote} i agree, i didnt copy the trade blindly, i took it on the 4h order block. after it went slightly deeper i closed it with -40. i post entry, i post close as well, honesty! i respect DA's knowledge, i felt he talk to me in his post about the restaurant.. that all.
Well, sorry you felt that way. I don't really understand what he is trying to refer to with that analogy anyway but I don't think there is a need to feel bothered. There are hundreds, if not thousands of ways to be profitable. If he is profitable and so are you, that's that. No one is right and no one is wrong. Don't see a need for any ego laundry.

Everyone has their own ways of seeing where the resistances and support levels lie. We pretty much all trade different time frames too. The forums is only good to observe others' ideas and not to copy or follow blindly in a sense.
A 1 pip gain is better than a 1 pip loss.
Quoting gatenio
{quote} Who blame him? You an expert? Ok.. i dont trade 5m chart buddy, thank for the contribute.
30m looks better or is it too hard to understand
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Quoting aeternum
{quote} Well, sorry you felt that way. I don't really understand what he is trying to refer to with that analogy anyway but I don't think there is a need to feel bothered. There are hundreds, if not thousands of ways to be profitable. If he is profitable and so are you, that's that. No one is right and no one is wrong. Don't see a need for any ego laundry. Everyone has their own ways of seeing where the resistances and support levels lie. We pretty much all trade different time frames too. The forums is only good to observe others' ideas and not...
true.
Keep it simple, stupid.
Hello everyone,
First you should know that here we respect all traders and their methods, as you said here everyone has their own way. If we succeed then we are happy for his sake, if we fail then we do not have the right to judge him.
I explained how I see the market, and not directed at my nice friend gatenio who I respect a lot.
Different bets are required depending on your trading plan and capital size, traders who bet 0.02 with 20-30pips have certain requirements that are not equal to traders who place 20 standard lots with large capital reserve as they have a greater opportunity to stay longer even with losses with SL over 200pips or without.
Traders with large capital can actually make large sums of profit in the form of thousands of dollars while in the same trade another trader makes $ 50.
This is not a joke, one of my friends sent 300K just in November to reposition himself into trade, where my son took the same trade with his $ 100, the outcome is completely different although both may have succeeded with the trade.

I have full understanding for traders who close their trades after 10, 20 or 50pips they can afford to close it, but for others who have placed 10-30 standard lots is not so easy, if you take the trade based on higher timeframe.
You should know that you are all right, everyone sees the market in their own way and this makes the market as it is, very very unique.
DA, my ideas on gold
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Quoting kangkie007
DA, my ideas on gold {image}
Well, right now there is doubt on whats next on Gold, 1760 a very strong support, look for reaction there.

Gold in a possible bullish divergence 4h right now, resistance 1790/97
Oil

Price in a bullish divergence 30, targeting 70,50

Price in a bullish divergence 4hr , 123 huge one daily targeting 86 area
Gold

I am waiting for price to reach 1758 area to look for long.
UsdCad

1hr as long price not close above 1,2837 level then we may see 1,27 area . This is 1hr

4hr SL , close above 1,2890
US30 ,

This one is a tricky one,
Price in a wolf wave targeting line 1-4
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