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  • #141
  • Jan 13, 2023 1:33pm Jan 13, 2023 1:33pm
Quoting tiestobob
Let's talk about bad setups. You might say hey, this is a good base and move upward, and yes it is you are correct, but look to the left. The imbalance created is only filling in an area where price has already been at. You need to find imbalance where price runs away from the existing printed candles. {image}
Please more explain bro
  • #142
  • Jan 13, 2023 3:00pm Jan 13, 2023 3:00pm
Quoting astana
{quote} I work as a pediatrician and unfortunately the salary in our country is small. I love the profession and children, I don’t want to quit. so there is no money to sign up for paid training. I will do everything with pleasure and desire, what you say. {image}
I am happy to help. I wish nothing but success for you and everyone else on this thread. So for starters, the psychological levels are meant to be clean lines, not zones. Draw horizontal lines where price has respected. The lines should be situated near candles where the bodies of open/close are aligned.
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  • #143
  • Jan 13, 2023 3:03pm Jan 13, 2023 3:03pm
Quoting majidmas
{quote} Please more explain bro
So when you have Supply and Demand, using the concept of fair value gap, the entire premise of S&D is that orders are left behind. There was not enough time to fill all of the orders, hence this absence of liquidity caused the run up. The only reason price moves up/down is because there no willing buyers/sellers hence it moves away to find those buyers/sellers, ie the equilibrium. Back to that example I shared - you want to find setups where price moves away from existing price action, because all price action leaves behind some orders, some liquidity that can be tapped into, some interest by parties to re-enter. That's why we seek clean moves, not moves that go into existing price action territory. If you look to the left of that S&D candle up, there's already printed candles aka orders that were filled or maybe some left behind. We need confidence that if an S&D setup is to occur, it will continue in that direction.
Take this course: https://shorturl.at/upBey
  • #144
  • Jan 13, 2023 3:48pm Jan 13, 2023 3:48pm
Quoting tiestobob
There is one more item to complete this trading strategy, however, I will probably not release it in this thread. Not sure if it is allowed to be posted here but perhaps on the Telegram channel I have. Cheers!
what is your telegrm channel? Is it free?
  • #145
  • Jan 13, 2023 3:49pm Jan 13, 2023 3:49pm
Quoting mario777
{quote}what is your telegrm channel? Is it free?
Yes, it is free. First I need to find out if it is allowed to post here about it. Maybe admins won't like it. I'll keep you all informed.
Take this course: https://shorturl.at/upBey
  • #146
  • Jan 13, 2023 3:56pm Jan 13, 2023 3:56pm
More about psychological levels:

It's all about how bank's fill their orders, and what their algorithms look for. If you think about how the average person thinks about placing an order, you don't say give me 100,000 units of USDJPY @ 123.43. Think about the average person, and how they think. Bankers are human, too, and they input numbers based on what makes sense; base 10 is what we are all accustomed to, round numbers as they say.

So for example, Look for key price direction changes at key round levels, and look for candlestick open/closes near these levels. I'm waiting on some more chart markups by the readers so I can elaborate.
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  • #147
  • Jan 13, 2023 4:25pm Jan 13, 2023 4:25pm
i see like this
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  • #148
  • Jan 13, 2023 6:24pm Jan 13, 2023 6:24pm
Quoting astana
i see like this {image}
Great try! You are getting there. Focus more on candle bodies than wicks. And there are too many lines here. Focus on bodies that are being respected in the past.
Take this course: https://shorturl.at/upBey
  • #149
  • Edited 6:46pm Jan 13, 2023 6:34pm | Edited 6:46pm
Quoting tiestobob
Ok. Time to introduce psychological levels. First off - when you look at a chart, what do you see? Price clearly moves, stops, moves another way, stops again, consolidates, moves again. Pay attention to where price stops. We're looking for these stop signs that price respects. Usually, you'll find that price when it returns to these levels (aka psychological levels) interesting things happen. It either breaks through violently, or respects it cleanly and precisely. You may use any trading style when it comes to these levels, but the best is Fibonacci...
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Seguem alguns gráficos com paradas limpas e reversões.
pipete
  • #150
  • Jan 13, 2023 7:41pm Jan 13, 2023 7:41pm
Quoting pipete
{quote} {image}{image}{image}{image} Seguem alguns gráficos com paradas limpas e reversões.
Good work! Now draw horizontal lines to coincide as many of those levels as possible.
Take this course: https://shorturl.at/upBey
  • #151
  • Jan 13, 2023 10:26pm Jan 13, 2023 10:26pm
Quoting pipete
Olá pessoal, como vocês estão? Feliz Ano Novo! Venho acompanhando esse tópico e gostaria de dar minha contribuição. Esse desequilíbrio que vocês estão identificando eu resumo em um único candle que chamo de candle gatilho. {image} Acredito que pode ser útil para quem está com dificuldade para encontrar o desequilíbrio. Qualquer dúvida é só comentar aqui que eu respondo.
Hello, I remember you the language to use here is ENGLISH
Money moves the market, not an indicator.
  • #152
  • Jan 14, 2023 12:04am Jan 14, 2023 12:04am
Quoting tiestobob
{quote} Good work! Now draw horizontal lines to coincide as many of those levels as possible.
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  • #153
  • Jan 14, 2023 12:13am Jan 14, 2023 12:13am
Quoting tiestobob
{quote} So when you have Supply and Demand, using the concept of fair value gap, the entire premise of S&D is that orders are left behind. There was not enough time to fill all of the orders, hence this absence of liquidity caused the run up. The only reason price moves up/down is because there no willing buyers/sellers hence it moves away to find those buyers/sellers, ie the equilibrium. Back to that example I shared - you want to find setups where price moves away from existing price action, because all price action leaves behind some orders,...
Basically, do you pay attention to candles that do not have other candles behind them? I don't know why I don't understand what you mean
  • #154
  • Jan 14, 2023 1:39am Jan 14, 2023 1:39am
Quoting tiestobob
{quote} Great try! You are getting there. Focus more on candle bodies than wicks. And there are too many lines here. Focus on bodies that are being respected in the past.
please check if i marked correctly
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  • #155
  • Jan 14, 2023 2:36am Jan 14, 2023 2:36am
Quoting tiestobob
Ok. Time to introduce psychological levels. First off - when you look at a chart, what do you see? Price clearly moves, stops, moves another way, stops again, consolidates, moves again. Pay attention to where price stops. We're looking for these stop signs that price respects. Usually, you'll find that price when it returns to these levels (aka psychological levels) interesting things happen. It either breaks through violently, or respects it cleanly and precisely. You may use any trading style when it comes to these levels, but the best is Fibonacci...
Psych level markup on GBPJPY H4
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  • #156
  • Jan 14, 2023 5:25am Jan 14, 2023 5:25am
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Scalping crypto. Nice quick reaction
  • #157
  • Jan 14, 2023 5:48am Jan 14, 2023 5:48am
Quoting tiestobob
{quote} Good work! Now draw horizontal lines to coincide as many of those levels as possible.
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Dessa forma?
pipete
  • #158
  • Jan 14, 2023 7:06am Jan 14, 2023 7:06am
Quoting fghgjcxsgh
{quote}{image}
Very good. Use thin horizontal lines and avoid drawing lines where it’s nowhere near current price. We want to just focus on lines near the current price. I will post a chart and methodology later today.
Take this course: https://shorturl.at/upBey
  • #159
  • Jan 14, 2023 7:10am Jan 14, 2023 7:10am
Quoting astana
{quote} please check if i marked correctly {image}
good work. We need to combine some of those lines into One line because of their proximity and similar level. I will post rules for psych levels later.
Take this course: https://shorturl.at/upBey
  • #160
  • Jan 14, 2023 7:13am Jan 14, 2023 7:13am
Quoting aaronbrandes
{quote} Psych level markup on GBPJPY H4 {image}
close! Great job by the way! We will perform markup of these lines from Monthly chart to Daily chart, and maybe a few on 4hr if it is required. Then you will watch price approaching these levels on 1hr/30m charts and find your entries. Either price is going to sweep right through them or respect it cleanly. Watch for price action near these lines in the future. Update your lines every Sunday as new candles are printed.
Take this course: https://shorturl.at/upBey
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