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  • #52,881
  • Feb 4, 2022 3:50am Feb 4, 2022 3:50am
Quoting birpinar
When you say all sync, I don't think you mean all averages in all the time frames should show the exact same crosses. Because when we have green-yellow cross on 15m but red cross is still pending, then 15 minutes is consolidating and ready to move bothways with the power of 5m and 1m. So in this situation I should check 1m and 5m to find the direction of power. How do you evaluate this statement?
5M and 15M are in deed consolidating but some times is just a bear flag and it keeps going down...but my guess is that is going to turn for the up because daily is up still..... look at the highest time frames to have them in the back of your head to help you analyse the movement....that will give you a whole spectrum of things...
The Chonchy
  • #52,882
  • Feb 4, 2022 3:56am Feb 4, 2022 3:56am
...Is crazy Friday in London already so volatility is at the most....it will take his time to turn or keep going we must focus here and be more selective on our entries...
The Chonchy
  • #52,883
  • Feb 4, 2022 4:02am Feb 4, 2022 4:02am
...Like I said sometimes it keeps going with a beard flag on 5 or 15... screen time will give you that...focus.......

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The Chonchy
  • #52,884
  • Feb 4, 2022 4:05am Feb 4, 2022 4:05am
...Not that I pay too much attention to it but that was a bear flag...on 5M

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The Chonchy
  • #52,885
  • Feb 4, 2022 4:08am Feb 4, 2022 4:08am
.... and 15M was still down...

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The Chonchy
  • #52,886
  • Feb 4, 2022 4:10am Feb 4, 2022 4:10am
....Ready to turn yes but that is why focus is important and screen time .....the time is important London and Frankfurt are overlap now....so there is power now...
The Chonchy
  • #52,887
  • Edited 4:47am Feb 4, 2022 4:26am | Edited 4:47am
Quoting chonchy
....Ready to turn yes but that is why focus is important and screen time .....the time is important London and Frankfurt are overlap now....so there is power now...
When all three charts' 5,30,100 moving averages and all macd and rsi and everything, are showing down, how do you define synch for the first long trade? What is the minimum criteria for 15m chart to take a long trade When everything is showing down on 15 m chart?. We can switch higher timeframes like H4 or D1 but they will only show us the market should turn somewhere down the road but won't show you from where. Could you please tell the minimum criteria for 15m chart for a long trade at this very moment.
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There are no weapons that will form against my financial prosperity.
  • #52,888
  • Feb 4, 2022 4:52am Feb 4, 2022 4:52am
Quoting birpinar
{quote} When all three charts' 5,30,100 moving averages and all macd and rsi and everything, are showing down, how do you define synch for the first long trade? What is the minimum criteria for 15m chart to take a long trade When everything is showing down on 15 m chart?. We can switch higher timeframes like H4 or D1 but they will only show us the market should turn somewhere down the road but won't show you from where. Could you please tell the minimum criteria for 15m chart for a long trade at this very moment. {image}
the angle an separation of the moving averages and the time of the move is signal that the move is going to change some time soon in this case is taking longer is crazy friday non farm payroll...... factors that make the move more erratic than others that is why focus is the name of the game.....
The Chonchy
  • #52,889
  • Edited 5:08am Feb 4, 2022 4:56am | Edited 5:08am
...is a strong move down but make no mistake bears are going to show and focus is the only thing is going to help and screen time...so practice and take trades...make mistakes .....learn from them...rinse and repeat....


edit.: sorry bulls..
The Chonchy
  • #52,890
  • Feb 4, 2022 4:58am Feb 4, 2022 4:58am
...No free lunch but all the coffee you can take.... used to say an old friend of mine...
The Chonchy
  • #52,891
  • Feb 4, 2022 5:07am Feb 4, 2022 5:07am
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There are no weapons that will form against my financial prosperity.
  • #52,892
  • Feb 4, 2022 5:07am Feb 4, 2022 5:07am
very strong move down
The Chonchy
  • #52,893
  • Feb 4, 2022 5:12am Feb 4, 2022 5:12am
Quoting birpinar
{image}
Good analysis .... risky trade with the move so tired now...just lock it in profits as soon as you can but not too close because of the retraces...
The Chonchy
  • #52,894
  • Feb 4, 2022 5:12am Feb 4, 2022 5:12am
I just took the profit. Since a reversal plan is on the way. Around 70 pips
There are no weapons that will form against my financial prosperity.
  • #52,895
  • Feb 4, 2022 5:14am Feb 4, 2022 5:14am
Quoting birpinar
{image}
...Very good trade in deed sir. way to go champ...lock it in profits and you are in a free trade....
The Chonchy
  • #52,896
  • Feb 4, 2022 5:18am Feb 4, 2022 5:18am
Quoting birpinar
I just took the profit. Since a reversal plan is on the way. Around 70 pips
....never can go wrong taking profits but locking it in profits and letting it go is also the possibility that it may go places...but 70 pips is awesome less 20 that we lost before...we are ahead...
The Chonchy
  • #52,897
  • Edited 5:49am Feb 4, 2022 5:38am | Edited 5:49am
I have attached a trading explorer named Demo with Carlos
There are no weapons that will form against my financial prosperity.
  • #52,898
  • Feb 4, 2022 8:44am Feb 4, 2022 8:44am
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There are no weapons that will form against my financial prosperity.
  • #52,899
  • Feb 4, 2022 8:48am Feb 4, 2022 8:48am
Tried a reversal trade but stopped out for 20 pips

I could have easily profit locked that. Should I have done that? I think yes.
There are no weapons that will form against my financial prosperity.
  • #52,900
  • Feb 4, 2022 11:24pm Feb 4, 2022 11:24pm
Quoting birpinar
Tried a reversal trade but stopped out for 20 pips I could have easily profit locked that. Should I have done that? I think yes.
....Always...As soon as you can lock in profits, do it..if it stop you...rinse and repeat...but don't convert a winning trade in a losing one...
....Price have something called memory....it remembers where is being and it goes there again to retest...in the chart below price when to the magenta line before and then it went again...

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The Chonchy
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