Sterling Trading Jornal

Quoting SimpleBoy

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{quote} MM, I wonder that since last week , besides last Monday Do you add any other buy position on last tuesday , wednesday or thursday because there also are buy signal on those day ? and This week after friday low's liquidity taken on monday ,even Eurusd and cable convergence , there are also buy signal on Tuesday and yesterday . Do you take any buy position this week or you just ignore them and wait for sell signal according to SMT divergence. I just curious ,mm Thank you

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Quoting MM-MineMan

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{quote} Hi SimpleBoy I'm not trading relly much now...with school and baby things got really complicated in terms of time to trade...I have to change my routine now...still need to figure it out I managed to sell wednesday because I went ot a cigarette pause in school and I took a look at charts.. You are right about the buy signals on those days... Now that my time is more limited to trade or I'm going to scalp ( which it's most likely to happen ) or I'll swing trade. For swing trade ...I would wait for market to go down and...

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Quoting SimpleBoy

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{quote} I see Thank you, mm I have some question 1. on the swing trade we will take the profit of our position when price show us that it gonna shift to do swing in the other direction, right ? mm, on this down swing that you're waiting for sell signal, what is the criteria or sign from the chart that will show you that the swing is at the end and lead you to buy for the next upswing ? 2.yesterday there was a up move at 9.30 NY time. (thursday) what is that sudden move , mm Do you has...

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Quoting MM-MineMan

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{quote} Hi SimpleBoy 1. You should take profit at low hanging fruit as ICT says, that means, what's is close to price...FVG...Order Blocks...old low's or old high's. You can leave a small portion on after hitting 1st target and trail SL. There's a couple of things that can make price turn...because you have short swings..intermediate swings or long swings. One signature that I like is the run on liquidity...note how price runs the other way after swiping an old low/high. 2. That sudden move is a run on liquidity...look at 1H chart...they...

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Quoting SimpleBoy

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{quote} Thank you,MM I am so happy and blessed that I have found you and talked to you on this site. I don't know how to repay you. but you will be in my prayer. Regards SB

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Quoting MM-MineMan

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{quote} Hi SimpleBoy I appreciate your kind words...I love to " teach "...speak about what I " know "... In reality you should be tankful to ICT...if it wasn't him nothing of our talks would happen You don't owe me anything...I would say if you really want to do something to repay my actions...just do the same thing I did with you not just related to forex but with everything you want to share with others Peace

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Quoting SimpleBoy

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{quote} yes, you're right mm I am also thankful for Mr.Michael who invent ICT concept from his dozen of years in trading and thousand of books he read. exactly, I get this tool for free from his hard work. I will not take it for granted. But mm, you show me how his concept work in the live market. That's really enlighten and encourage me to keep learning. yes, and I will try to share what I know ( even it's a little) and what I have with others as much as I can Respect SB

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Quoting MM-MineMan

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{quote} Hi SimpleBoy I'm happy to hear that keep going at it...what we have talked it's just a very small piece...this is like just " getting the meat out of the bones "...and now ICT is revealing more stuff Peace

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Quoting SimpleBoy

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mm, is this a SMT divergence that show cable's weakness ? {image}

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Quoting MM-MineMan

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{quote} That's not a signal of weakness because price diverge at the lows and then it moved up...once it's moving up you want to see a SMT divergence when price is taking a swing high out made on any session...Asian, London, NY or LC ...daily high, weekly high, monthly high....in other words...price needs to hit Liquidity

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Quoting SimpleBoy

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{quote} Do you mean after price diverge at the low and move up , price should take the previous high of the previous session immediately to absorb liquidity and start to go down ? price doesn't take high out immediately , but slowly accumulate order and gradually take the previous high. It show that it has some buy strength is that right ?? I don't get it ,mm can you explain it again, ? Thank you {image}

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Quoting MM-MineMan

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{quote} It's preferable to see price taking an old high.. It's not a must... And it can squeeze bulls or bears ( slow run ) or it can be fast... The important thing is price moving into liquidity only after can it rally or drop to the other liquidity side. Peace

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Quoting SimpleBoy

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{quote} ok,mm I get about the liquidity concept. but I still confuse about SMT divergence , never mind , I will do some back test and look for smt divergence in the past to get more example . Can I ask you which hign level that you expect cable to move into liquidity and drop? In my feeling , price may go to the old swing high @ 1.3660 , high number 3 in the attached picture I think price may past the last turtle soup on 10 feb , because the turtle soup and the previous high are in the same area , the last turtle soup may take most of liquidity...

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Quoting SimpleBoy

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{quote} ok,mm I get about the liquidity concept. but I still confuse about SMT divergence , never mind , I will do some back test and look for smt divergence in the past to get more example . Can I ask you which hign level that you expect cable to move into liquidity and drop? In my feeling , price may go to the old swing high @ 1.3660 , high number 3 in the attached picture I think price may past the last turtle soup on 10 feb , because the turtle soup and the previous high are in the same area , the last turtle soup may take most of liquidity...

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Quoting MM-MineMan

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. What does have more weight? Daily high/low being taking out or a session high/low ? Peace Edited: That doesn't mean that price won't react to that SMT divergence...most likely it will be a short term swing correcting to resume again lower ( stop runs searching for liquidity ) I think like this because I've seen them doing this over and over...and doesn't take much for EURUSD take yesterday's daily low out ( another move down ).

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