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How To Trade With Accuracy - The Market Way

  • #401
  • Jul 22, 2022 3:48am Jul 22, 2022 3:48am
Quoting B.Mir
{quote} .
is the line correct drawn?
from the candles I've marked could you point out the one you would have interested in? the one really useful? Is it correct to use this TF or should I drop to M15 or M5

(I know not good regards time issue ... I just want to test a theory, and BE already so a free test run )
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  • #402
  • Jul 22, 2022 3:56am Jul 22, 2022 3:56am
I noticed now in the eurusd h1 chart that yesterday was an actual big shoulder pattern by itself, I will be looking to go at the next level with ny sesion today
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weekly levels
rip and tear until it's done
  • #403
  • Jul 22, 2022 4:10am Jul 22, 2022 4:10am
Quoting sisucoro
{quote} it just happened right now at EURUSD, start formating at head and shoulder but the last shouler does not confirmate and the pattern broke and price keep falling. {image} about time, notice how the head of the pattern aligns with 10:00am (green vertical line) there are also notices at that time that's why (I guess) the drop is so drastic. Sorry to don't have the levels drawed in that screen shot I noticed now when I'm uploading.
Again, this comes down to just spotting h&s patterns. Nothing wrong with that, but like I said it then becomes pattern trading. For example, there was no defined level. Also, you say the patterns aligns with 10:00am: so, what is that supposed to mean? If it had happened at 10:30, or 11:00, would it mean something different?

I'm not being negative my friend, just pushing you to use critical thinking

Quoting sisucoro
"there are also notices at that time that's why (I guess) the drop is so drastic"
No, the drop is so drastic because of the red news release, French flash services PMI (followed by German PMI, followed by GBP PMI). Check your calendar every morning.
  • #404
  • Jul 22, 2022 4:11am Jul 22, 2022 4:11am
Quoting ntk
{quote} are the lines correct or make sense? where would you amend, or what would you add to? there are certain interest areas and candles we should have paid attenion on as you expressed "please mark the areas of where you distinguish between shekels and runners" would you pls do it here. This is one of your trade aussie thread's #26135 {image}
those big shoulders and head remember me the titan colossal of Shingeki no kyojin series
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  • #405
  • Jul 22, 2022 4:23am Jul 22, 2022 4:23am
Quoting ntk
{quote} I use AXI, FTMO, MFF brokers there is not much a place to complain there,others don't complain, you use them or leave them Did you perform a magic trick of MT4? I use this setting + press repeatedly home button until chart stop going back in history in all time frame, but for . H1 only possible back to 01/2022 . H4 only possible back to 01/2021 . D1 only possible back to 02/2017 . W1 only possible back to 10/2002 . MN1 only possible back to 02/2001 frustrated really... some parts of the exercise I just have to let it be
i have max bars set to 512000.I have used Tickstory.com in the past to increase accuracy of data but i doubt you need that. B. Mir has supplied info of what data to use for lines, so perhaps it is good enough to use that.
  • #406
  • Edited 5:45pm Jul 22, 2022 4:25am | Edited 5:45pm
Quoting B.Mir
{quote} Later.
day/week/month/year high/low are important in range for levels, and for determine day50, week50, month50, year50, I still can not see where the D/W/M_H3 or D/W/M_L3 derived from? and their use or importance.

the day_opening, week_opening are useful in price action only, correct? the time factor would over-ridden their priority, is it right?

the circle A, B are they exist in your analyse methodology? or are they too far apart to be meaningful?

Perhaps the TF is still too high?

<Continue in #414>
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  • #407
  • Jul 22, 2022 4:35am Jul 22, 2022 4:35am
Quoting Naferkill
{quote} those big shoulders and head remember me the titan colossal of Shingeki no kyojin series {image}
perhaps you are right on with the comparision, there is something interesting there, I caught 10 lots yesterday applying that for a BUY from 1685 to 1701. demo only.
No worth to mentioned, as that is outside the bigger theory we want to learn here
  • #408
  • Jul 22, 2022 4:45am Jul 22, 2022 4:45am
Seems there are more questions than answers on this thread, i think the 'time' part is the key to all of this,so far it hasnt been properly explained...
  • #409
  • Jul 22, 2022 4:45am Jul 22, 2022 4:45am
Quoting ntk
{quote} perhaps you are right on with the comparision, there is something interesting there, I caught 10 lots yesterday applying that for a BUY from 1685 to 1701. demo only. No worth to mentioned, as that is outside the bigger theory we want to learn here
wow that is great Ntk, can you share the graphics to see the H&S pattern and your criterial? pls
  • #410
  • Jul 22, 2022 4:56am Jul 22, 2022 4:56am
Quoting Oliver.Twist
{quote} Again, this comes down to just spotting h&s patterns. Nothing wrong with that, but like I said it then becomes pattern trading. For example, there was no defined level. Also, you say the patterns aligns with 10:00am: so, what is that supposed to mean? If it had happened at 10:30, or 11:00, would it mean something different? I'm not being negative my friend, just pushing you to use critical thinking {quote} No, the drop is so drastic because of the red news release, French flash services PMI (followed by German PMI, followed by GBP...
Hi, nice to read you again oliver twist
Again this time I've been misundestood because I was only talking about what I quoted, but I will explain everything I've seen and why, in my opinion, that's a valid entrance following the method (again I barely started the method and I'm just sharing my experience with it, take my post as only chating)

Even the order is price>level>time, first the price has to be in one level to check for the price, then when the price reach one level is when I check for the h&s,

understanding that levels are zones and not straight lines, before the pattern forming the prices was going closer to this weekly level:
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if we jump in the daily levels the 38.2 level was reached
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there is where the h&s pattern is formed and the drop occurs

the 10:00 that I highlighted before is the london open, that's why I think is key and why it looks so synchronized. I would have to write that in my previous post.

hope now is more clear, what do you think?
rip and tear until it's done
  • #411
  • Jul 22, 2022 5:00am Jul 22, 2022 5:00am
Looks like the hindsight head and shoulder expert has done a runner.Another dickhead,expert bites the dust.
  • #412
  • Edited 5:54pm Jul 22, 2022 5:29am | Edited 5:54pm
Quoting B.Mir
{quote} No, each week is different, each day is different, study a month at least. You have to also keep NFP and other supposed important news into consideration. For example, if I know on Monday 2 Pm is a Sell, if NFP is at 2PM I would refrain due to large spreads, movement faster than your fingers etc.


Continues our conversation (from post #408), the M15 perhaps till too high, if I drop to M5. No I don want to do it yet let stay with the circles,

I move them circles now closer called A1, B1
the H&S we seen here have no effect for our trade in the intended US session, that is the right time we looking for 13:45 to 1600 chart time... so we disregard them. We look close at the candle the asian session we see in A1
- we have situation Weekl50 align with previous day high
- asian low broken in early LO session
- London high then broke asian high
- LO low is untouched

In B1 what do we see price reached to higher level, but upper wicks started showing, clearly up there are sellers joining in, 13:00 M15 candle shown that sellers won, new M15 candle open lower, then going red confirms the sellers area, or supply zone. 1 red then 2nd red M15_candle confirm price going lower ... to neck to complete the head, and we are going to the US session soon....

So my lines do you think the are correctly positioned?
I somehow feel there is something in the circle A1,B1 a good student should have not missed, could you pls add them to complete the picture...
Is there something else I need to pay attention on for better evaluation the position, for the when and where, before the US session open, and the stock market opening? I feel there are something but I can not nail on what... lack of experience???

I am indecisive in taking a trade BUY or SELL too, although I have some ideas, I will be doing both actually....But let you correct this post, adding the missing puzzles, completing this step, then we go on to the US session part today... I should not start on the wrong foot

For the exercise I continue reading, now start again the third time and slower speed ... still can not nail on the head, not clear all the ????

Look at calendar, not many US news and much later 14:45, not at 13:30 so is ship clear ahead, flash service and manufacturing PMI, but red news .... for dampen the mood just for the case, stopping some red neck buyers being too insisting of bull???

UPDTE:
I understood how to get DH3, DL3, WL3,WH3, MH3, ML3, D50, W50, M50
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  • #413
  • Jul 22, 2022 6:47am Jul 22, 2022 6:47am
I suggest we stop adding more confusing posts. Let us wait B.Mir post charts and clarify things. Please only ask really relevant questions.
  • #414
  • Jul 22, 2022 7:48am Jul 22, 2022 7:48am
Monthly mid. Missed my entry by less than 2 pips.
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  • #415
  • Jul 22, 2022 8:52am Jul 22, 2022 8:52am
The Time Riddle...
can you tell us B.Mir, if it's related to:

A. using the specific times price opened, closed or formed a L or H? (and make some sort of predictive calculation)

B. sequence: first event "X" has to occur before your can buy or sell

C. knowing when to switch to a different TF
  • #416
  • Jul 22, 2022 9:50am Jul 22, 2022 9:50am
Quoting sisucoro
{quote} Hi, nice to read you again oliver twist Again this time I've been misundestood because I was only talking about what I quoted, but I will explain everything I've seen and why, in my opinion, that's a valid entrance following the method (again I barely started the method and I'm just sharing my experience with it, take my post as only chating) Even the order is price>level>time, first the price has to be in one level to check for the price, then when the price reach one level is when I check for the h&s, understanding that levels are zones...
Had a look, yeah sure it makes sense, at least you went to the trouble of finding coherent levels. I guess your only way of finding out if you're on to something, is to continue to monitor it and find consistency: which levels are at play, when, why, etc...
  • #417
  • Jul 22, 2022 10:38am Jul 22, 2022 10:38am
Quoting ntk
{quote}{imagem}

those boxes of yours with the NY sessions... is that an indicator? Can you share please?
  • #418
  • Jul 22, 2022 11:37am Jul 22, 2022 11:37am
Quoting kik
{quote} those boxes of yours with the NY sessions... is that an indicator? Can you share please?
Here your are
Attached File(s)
File Type: ex4 Auto_Sessions_v2.9.ex4   46 KB | 329 downloads
  • #419
  • Jul 23, 2022 5:43am Jul 23, 2022 5:43am
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  • #420
  • Edited 1:06pm Jul 23, 2022 6:14am | Edited 1:06pm
Quoting Mo.07
{image}
I came across a message look into candle how they start how they close like the week opens at Monday, it develops, how it goes high how it goes low, how it closes ; look into relationship of some doji candles they are no coincidence, the are to tell you something etc. ( like marked in this last pic 1 to 11), But I could not allocate the exact message anymore... dosen't mind it did not give you the solution, only a work

B.Mir or some veteran experienced trader comments around here are you using such candles too in your analysis methodology, could you help me from your experience which candles and which relation would be somewhat relevant to you?and why, and filter out the irrelevant. Thanks

UPDT1:
@B.Mir sometimes in your chart you said "H$S Not exactly form from the forest view"... what does it mean, explain pls?
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