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  • #1,215,041
  • May 27, 2022 2:05am May 27, 2022 2:05am
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  • #1,215,042
  • May 27, 2022 2:21am May 27, 2022 2:21am
Quoting PatienceFx
{quote} {image}
Something between but F.g should try to make good thoughts like

Looking for profitable short term trades ...|
  • #1,215,043
  • May 27, 2022 3:36am May 27, 2022 3:36am
Quoting Aussi
{quote}

Have you been jabbed, Aussie?
  • #1,215,044
  • May 27, 2022 3:37am May 27, 2022 3:37am
I made my money back trading on 30 mins

How now brown cow! We are seeing a counter-trend rally in EUR/USD and the indices.

Ride the magic carpet up, but get ready for the sun to melt the wax of your wings!
  • #1,215,045
  • May 27, 2022 3:41am May 27, 2022 3:41am
Quoting Js3mwtRc
{quote} When there is a good trend every system, even the worst works and makes money in its direction, but in ranging markets about to reverse, or make a small correction then all systems lose. What makes you think this is the best?

HENCE the key thing is to spot trends ... which if you can do, you don't need 'indicators' or 'systems'

Elliot Wave seems like the holy grail but upon closer inspection it is poo.
  • #1,215,046
  • May 27, 2022 3:56am May 27, 2022 3:56am
Here we go again!

The world is fecked

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  • #1,215,047
  • May 27, 2022 4:11am May 27, 2022 4:11am
Quoting PatienceFx
{quote} {image}

Inserted Video
  • #1,215,048
  • May 27, 2022 4:23am May 27, 2022 4:23am
Quoting PatienceFx
{quote} {image}
Man, would you pls inform me what is the nationality of this pack of meat ???

I shouldn't mentioned it but you didn't make my day. . . . . .

  • #1,215,049
  • Edited 5:06am May 27, 2022 4:56am | Edited 5:06am
You are about to see the rare and elusive bullish Friday.
Downside target is in.
Will have to break below 0690 to break my projection.
Still dipping the reversal zone...
0710, my sell target from early yesterday.
Founder of Sutherland Wave Principle
  • #1,215,050
  • May 27, 2022 4:57am May 27, 2022 4:57am
Quoting JauntyLoon
{quote} HENCE the key thing is to spot trends ... which if you can do, you don't need 'indicators' or 'systems' Elliot Wave seems like the holy grail but upon closer inspection it is poo.
Indicators are just a helping tool nothing else To make money out of forex you should stick for years to the screen read very well how the insiders of this job think and then, you will make a habit which every move of yours will be like, driving in autopilot.

Elliott for me is just an indicator to, but it can be used with other technical analysis and tools. I sugest bigger timeframes 4h and above for analysis. Some times 1H and 30m, but it is not good to overanalyse a trend, Dow Theory here comes just fine.
Looking for profitable short term trades ...|
  • #1,215,051
  • Edited 5:23am May 27, 2022 5:12am | Edited 5:23am
Quoting Js3mwtRc
{quote} As I said 20 Daily Bollinger band and pivot delayed the price, before it droped down again at 0642 where it broke earlier and now the price is sitting below the next up level (see Daily chart with notes on quote). Today its Friday I wouldn't surprised if, I see a drop to around 0700 again, or even below, the end of Month is very near.
20 Daily Bollinger band and pivot delayed the price,

LOL. As if some lines on a chart are affecting the movement of price. (Although, it seems that there are indeed many people that believe this.)

Considering that you are plotting Bollinger bands that are based on statistical deviation from average price, you likely mean something like, "price reached a value that has rather low probability of being reached under the current conditions, hence, it is more likely to not continue on its present course than it is to continue on this course".
To free Gazans of Hamas, use whatever it takes.
  • #1,215,052
  • May 27, 2022 5:14am May 27, 2022 5:14am
Quoting Js3mwtRc
{quote} When there is a good trend every system, even the worst works and makes money in its direction, but in ranging markets about to reverse, or make a small correction then all systems lose. What makes you think this is the best?
in ranging markets about to reverse, or make a small correction then all systems lose.

Seriously??? Please, provide even one reference to some valid study to support such a claim.
To free Gazans of Hamas, use whatever it takes.
  • #1,215,053
  • May 27, 2022 5:19am May 27, 2022 5:19am
Quoting JauntyLoon
{quote} HENCE the key thing is to spot trends ... which if you can do, you don't need 'indicators' or 'systems' Elliot Wave seems like the holy grail but upon closer inspection it is poo.
Elliot Wave seems like the holy grail but upon closer inspection it is poo.
To free Gazans of Hamas, use whatever it takes.
  • #1,215,054
  • May 27, 2022 5:23am May 27, 2022 5:23am
Quoting suthmo
You are about to see the rare and elusive bullish Friday. Downside target is in. Will have to break below 0690 to break my projection. Still dipping the reversal zone... 0710, my sell target from early yesterday.
Will have to break below 0690 to break my projection.
Actually, considering that H8 is overdue to drop, it would not be a surprise at all if price were to break below 1.0690 today.
To free Gazans of Hamas, use whatever it takes.
  • #1,215,055
  • May 27, 2022 5:29am May 27, 2022 5:29am
Quoting DrDave
{quote} 20 Daily Bollinger band and pivot delayed the price, LOL. As if some lines on a chart are affecting the movement of price. (Although, it seems that there are indeed many people that believe this.) Considering that you are plotting Bollinger bands that are based on statistical deviation from average price, you likely mean something like, "price reached a value that has rather low probability of being reached under the current conditions, hence, it is more likely to not continue on its present course than it is to continue on this course"....
I think that its not bollinger, but the crowd that sits behind the screen using the default indicator anyone can find in his metatrader software and not only - otherwise.

Also I know from experience that a system has flows when the market is going sideways - experiencing lower volatility, but I agree that there are other systems you can use that will do for the purpose and current trend - bigger, or smaller.

I will show to you a simple chart with 5 and 10 ma and you should plot and make your own conclusions.

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Again if, you use it in aligment with bigger timeframes it some times gets worse.
Looking for profitable short term trades ...|
  • #1,215,056
  • May 27, 2022 5:32am May 27, 2022 5:32am
A bounce here might be worth a shot going long, with a tight stop below 10706!
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  • #1,215,057
  • May 27, 2022 5:49am May 27, 2022 5:49am
Quoting Js3mwtRc
{quote} I think that its not bollinger, but the crowd that sits behind the screen using the default indicator anyone can find in his metatrader software and not only - otherwise. Also I know from experience that a system has flows when the market is going sideways - experiencing lower volatility, but I agree that there are other systems you can use that will do for the purpose and current trend - bigger, or smaller. I will show to you a simple chart with 5 and 10 ma and you should plot and make your own conclusions. {image} Again if, you use it...
Again if, you use it in aligment with bigger timeframes it some times gets worse.

That is because the common "wisdom" is to define your trade direction from a larger TF and then make entries on lower TFs when they agree with the chosen trade direction. However, this fails to take into account the fact that change comes from the bottom and progresses upward through the TFs. So, as retracements occur on smaller TFs, these can be viewed as attempts to reverse the direction of the larger TF. And, as the retracement TF gets closer to the bigger TF that you used to determine trade direction, the probability increases that the retracement will develop into a reversal.

But so few people actually follow the upward progression of the retracements and instead, simply sit at a single small TF where they have no clue that the end is near, EVEN THOUGH THE INFORMATION IS RIGHT THERE TO SEE IT.
To free Gazans of Hamas, use whatever it takes.
  • #1,215,058
  • May 27, 2022 5:53am May 27, 2022 5:53am
Quoting Js3mwtRc
{quote} I think that its not bollinger, but the crowd that sits behind the screen using the default indicator anyone can find in his metatrader software and not only - otherwise. Also I know from experience that a system has flows when the market is going sideways - experiencing lower volatility, but I agree that there are other systems you can use that will do for the purpose and current trend - bigger, or smaller. I will show to you a simple chart with 5 and 10 ma and you should plot and make your own conclusions. {image} Again if, you use it...
I know from experience that a system has flows when the market is going sideways - experiencing lower volatility,

Then you should also know that this sideways analysis is TF dependent.

Yes, if a larger TF has had higher volatility for many bars and then volatility drops and a sideways move of small (and often inside) bars occurs, then typically, some smaller TF(s) will be trending, offering trading opportunities if your trading system parameters (such as volatility) are met.
To free Gazans of Hamas, use whatever it takes.
  • #1,215,059
  • May 27, 2022 5:58am May 27, 2022 5:58am
Quoting DrDave
{quote} I know from experience that a system has flows when the market is going sideways - experiencing lower volatility, Then you should also know that this sideways analysis is TF dependent. Yes, if a larger TF has had higher volatility for many bars and then volatility drops and a sideways move of small (and often inside) bars occurs, then typically, some smaller TF(s) will be trending, offering trading opportunities if your trading system parameters (such as volatility) are met.
Indeed
Looking for profitable short term trades ...|
  • #1,215,060
  • May 27, 2022 6:02am May 27, 2022 6:02am
Quoting Js3mwtRc
{quote} I think that its not bollinger, but the crowd that sits behind the screen using the default indicator anyone can find in his metatrader software and not only - otherwise. Also I know from experience that a system has flows when the market is going sideways - experiencing lower volatility, but I agree that there are other systems you can use that will do for the purpose and current trend - bigger, or smaller. I will show to you a simple chart with 5 and 10 ma and you should plot and make your own conclusions. {image} Again if, you use it...
But that gives a very limited amount of information about what is happening.

Does that chart tell you what the largest TF is that is joining the down swing?? That is very important information!

Does that chart tell you if the down swing is trying to end yet, and how far up through the TFs the attempt has progressed?? (We can see only that the down swing has not ended yet on M30 and higher TFs, and totally missed out on the fact that M5 rallied, but the rallies could not progress to higher TFs. And similarly, totally missed out on the sell entry on the down continuation on M5.)
To free Gazans of Hamas, use whatever it takes.
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