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Real Trading

  • #7,201
  • Jan 12, 2022 2:11am Jan 12, 2022 2:11am
short 1.3633 tp 25 sl 25
MY OPINION NOT FINANCIAL ADVISE
  • #7,202
  • Edited 2:31am Jan 12, 2022 2:13am | Edited 2:31am
Quoting Mr.Burger
{quote} 3600's whole numbers where the zone can thwart the current trend, that's the quarters theory the book from Ilian Yotov
I’ve just had a very brief look at the book about The Quarters theory and my initial impression is that the author has applied some of Gann’s theory to FX trading. Gann divides the whole into quarters and eights and turns them into degrees of the circle. 250 pip move out of a whole, which is 1000 pip in any market represents ¼ of the circle or 90 degrees or a square and a major support/resistance point where price stalls at least temporarily. In other words after a brief stroll through the book, to me it looks the author has adapted Gann’s theory to a ‘’modern’’ instrument such as FX. In Gann’s most simplistic terms, the easiest way of explaining the ‘’squaring of price and time’’ means to find a swing ( which represents a cycle or 360 degrees) divide it into 4 parts (90 degree each) and then into 8 equal parts (45 degree each) and then watch what the price does with time in relation to the diagonals ( the price-time equilibrium lines) in the square. So in terms of this book I’d construct a 1000 pip square, will draw the diagonal trendlines set to 1 unit of price to 1 unit of time and watch where the price goes. The same principle applies to 1H timeframe as to 1W time frame. The forecasting bit of the book is interesting and I shall try to read it later on in detail. The bit I did not like was the section with all the indicators, which is the ‘’standart’’ writing and description of MACD’s, RSI’s, etc… It looks to me that Gann is the source IMO
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  • #7,203
  • Jan 12, 2022 2:35am Jan 12, 2022 2:35am
Quoting Pat Chiko
{quote} GJ Long scalp {image}
H4 is a "strange" chart due to the fact that we have different local time.
My H4 look so.
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  • #7,204
  • Jan 12, 2022 2:57am Jan 12, 2022 2:57am
Quoting Mr.Burger
{quote} GU give a bit a discount, hope he doesn't trick me again Back to long RN 3625 to target 3700 SL 3600 {image} Edit : add pic long on CJ {image}
Gu, still underwater
Attached Image (click to enlarge)
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CJ, Break-event toward TP
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  • #7,205
  • Jan 12, 2022 2:58am Jan 12, 2022 2:58am
Entered sell trade AJ with 7.5 pips stop loss
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  • #7,206
  • Jan 12, 2022 3:02am Jan 12, 2022 3:02am
Quoting 19monza64
{quote} H4 is a "strange" chart due to the fact that we have different local time. My H4 look so. {image}
You are right in your observation and depending on the broker’s time we all get different reading on H4. The best way to sort this out is to find a broker with GMT settings because this would guarantee you that your H4 reading is in line with the biggest liquidity in any 24 hrs of the trading day – i.e the London market moves. In the past I never used to look at it, but since Pat Chiko shared his method, I started realizing how powerful H4 is.
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  • #7,207
  • Jan 12, 2022 3:10am Jan 12, 2022 3:10am
Quoting Mr.Burger
{quote} Gu, still underwater {image} CJ, Break-event toward TP {image}
That 90 degree level is a good support at the moment, but the price is still in a weak position in relation to time ( see the red equilibrium line) meaning that the price is lagging behind its time factor and at some point she will go back and will try to ‘’catch up’’ with time going up towards the red equilibrium line. Being in a ‘’weak’’ position in relation to the equilibrium, I guess she will continue to go lower towards the 180 degree (50%) point, which is usually a very strong support and will bounce up towards the red equilibrium line. That would be my entry point long.
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  • #7,208
  • Jan 12, 2022 3:32am Jan 12, 2022 3:32am
Quoting coyoteuglyxxx
{quote} That 90 degree level is a good support at the moment, but the price is still in a weak position in relation to time ( see the red equilibrium line) meaning that the price is lagging behind its time factor and at some point she will go back and will try to ‘’catch up’’ with time going up towards the red equilibrium line. Being in a ‘’weak’’ position in relation to the equilibrium, I guess she will continue to go lower towards the 180 degree (50%) point, which is usually a very strong support and will bounce up towards the red equilibrium...
thanks coy for your knowladge, how to get three blue vertical line to measure the time?
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  • #7,209
  • Jan 12, 2022 3:50am Jan 12, 2022 3:50am
https://www.tradingview.com/x/CymhexM0/

GBPJPY Intraday Trade
  • #7,210
  • Jan 12, 2022 3:50am Jan 12, 2022 3:50am
AUD JPY


Scalp long


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I come from the future.
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  • #7,211
  • Jan 12, 2022 3:56am Jan 12, 2022 3:56am
Quoting Pat Chiko
{quote} GJ Long scalp {image}

GJ


Buy stop filled.
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I come from the future.
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  • #7,212
  • Jan 12, 2022 4:01am Jan 12, 2022 4:01am
nice update by FF @Twee bringing the notification alert
MY OPINION NOT FINANCIAL ADVISE
  • #7,213
  • Jan 12, 2022 4:24am Jan 12, 2022 4:24am
Red box is the sweet spot for a sell imho, on GBP USD

hopefully spike up there in news

Yesterday was.. annoying. Had my zones marked out perfectly at Frankfurt but my execution badly off--traded expectations and closed a 2xR loss.

delta is strongly negative for last 8 H4 candles except one--the drop is coming
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  • #7,214
  • Jan 12, 2022 4:35am Jan 12, 2022 4:35am
Sellers are trapped and price will be taken upwards for Gbpusd and gbpjpy
  • #7,215
  • Jan 12, 2022 4:49am Jan 12, 2022 4:49am
I Buy on High
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  • #7,216
  • Jan 12, 2022 4:50am Jan 12, 2022 4:50am
Quoting Pat Chiko
{quote} EJ As price moves and progress, it becomes clearer on the set up. Always look out for trap set up by IT taking out Limit Order and aiming for Liquidity Block. Add after break of YH, {image}
but where were the clearance? price took yesterday's high and touched H4 OB.

then it retraced down a bit. so where it become clearer? is it visible on M30? or H1? i see no obvious liquidity.


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  • #7,217
  • Jan 12, 2022 4:54am Jan 12, 2022 4:54am
Quoting Mr.Burger
{quote} thanks coy for your knowladge, how to get three blue vertical line to measure the time?
It’s a pretty simple exercise.
- Adapt your MT4 fibo to show 8 equal levels as per my division on the chart
- Find a swing on M5 chart and attach the fibo top / bottom to that swing as per your usual fibo measurement
- Go back to the H1 TF, draw a downtrend trendline which measures exactly 100 hours of time and 100 pips in price ( for example starts at 1.36 and ends up at 1.35) this is one of the red equilibrium trendlines on my charts
- Do the same for the other trendline ( the uptrend )
- Attach the first vertical line to the fibo exactly where the swing ends. So far you’ve got three sides of the square – top, bottom and left side.
- Attach the H1 trendlines ( 100 hrs / 100 pips or the 1:1 Gann angle or 45 degree) to the corners where the vertical line intersects the fibo at 0 degrees and 360 degrees. Be extremely careful not to ruin the ratio of 100 hrs per 100 pips while attaching the trendlines. This is extremely important!!
- After attaching the trendlines you’ll see that they intersect the fibo on the right hand side. If your measurements are precise, at this stage you could attach the right hand side vertical line and it should fall exactly where your up and downtrend lines intersect the fibo lines.
- Your square is build by this point and the center where the trendlines intersect, you could stick the middle ( 50%) trendline
- Use the Cycle lines tool to divide the distance between the first and the third vertical line to divide it into 8 equal parts. This is your time division of the square.

This is applicable to any time frame because you are looking at a square, where the combination of time and price action could be monitored at a glance. 95-99 % of the traders here do not pay attention to time, trading just price. Gann argued that price is secondary to time and time is more important.

As far as GU is concerned, so far she went above the red equilibrium line and this means that the price / time equilibrium has changed. Price started moving above it’s time, putting her in a stronger position favouring longs. If that continues, I shall buy on a breakout as per my limited order. In case she drops back below the red trendline, I’d expect her to go lower towards 180 degrees ( 1.3604) Let’s see what comes next.

Attached Image (click to enlarge)
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  • #7,218
  • Jan 12, 2022 5:06am Jan 12, 2022 5:06am
Audchf I am short.
  • #7,219
  • Jan 12, 2022 5:18am Jan 12, 2022 5:18am
Quoting Pat Chiko
{quote} GJ Buy stop filled. {image} {image}
Pat could you explain how you saw buys here?
I took short and hit my SL..
  • #7,220
  • Jan 12, 2022 5:25am Jan 12, 2022 5:25am
GU long on a breakout... Let's see what NY does with it I hope it's not a fake 1
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