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Imbalance is key 🔑🔒

  • #401
  • Jan 26, 2023 11:08pm Jan 26, 2023 11:08pm
Imbalance is key. The key to the markets. It’s not a holy grail. It will, however, favour those with consistency and practice.

Oh and uh, have you joined my telegram channel yet? Been dropping solid gold nuggets last couple days.

https://t.me/+0LnCla4fPAozZjRh

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Take this course: https://shorturl.at/upBey
  • #402
  • Jan 27, 2023 12:29am Jan 27, 2023 12:29am
long setup
same logic
https://www.forexfactory.com/thread/...3#post14302343
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ITB - Seeing Orderliness amongst 'Randomness'
  • #403
  • Edited 1:29am Jan 27, 2023 1:06am | Edited 1:29am
done.
able to see the long setup on your own?
my logic tabulated in chart.
if i put on all sorts of indicators, i won't be able to see clearly the logic.
and they will never ever be able to have the same entry and exit shown.

only you can decide if you are not successful with indicators.
why keep on using those if you have failed many times before jumping from one to another?
i am not saying indicator is irrelevant.
you have to know with deep knowledge the idiosyncrasy of it like the back of your hand.
but it will take months if not years to get rid of the indicators.
the sooner you drop them, the better.

for cleaner chart, use lines
horizontal, boxes, diagonal ......... that's all you need.
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ITB - Seeing Orderliness amongst 'Randomness'
  • #404
  • Jan 27, 2023 1:38am Jan 27, 2023 1:38am
Quoting Inthebox
done. able to see the long setup on your own? my logic tabulated in chart. if i put on all sorts of indicators, i won't be able to see clearly the logic. and they will never ever be able to have the same entry and exit shown. only you can decide if you are not successful with indicators. why keep on using those if you have failed many times before jumping from one to another? i am not saying indicator is irrelevant. you have to know with deep knowledge the idiosyncrasy of it like the back of your hand. but it will take months if not years to get...
although i only trade GU, i looked at your chart and yes i see it clearly. the number 1 indicator was the monthly psych level.

i have been using only lines for a long time now. indicators are like crutches that you eventually put away and learn to walk without.
trading is like dancing, don't think and just listen to the music!
  • #405
  • Jan 27, 2023 1:56am Jan 27, 2023 1:56am
Quoting birdland
{quote} although i only trade GU, i looked at your chart and yes i see it clearly. the number 1 indicator was the monthly psych level. i have been using only lines for a long time now. indicators are like crutches that you eventually put away and learn to walk without.
why old birds like us still hanging around?
both of us joined in 2010.

newbies please do not be misled
it may appear simple and easy like many elsewhere tell you, but it's not.
we had been through all these, that's why telling you.
takes months if not years of hard work to be able to see all these
most difficult for me is patience.
once in a while pop up now and then, get excited all over, fomo.
ITB - Seeing Orderliness amongst 'Randomness'
  • #406
  • Jan 27, 2023 2:04am Jan 27, 2023 2:04am
Quoting Inthebox
{quote} why old birds like us still hanging around? both of us joined in 2010. newbies please do not be misled it may appear simple and easy like many elsewhere tell you, but it's not. we had been through all these, that's why telling you. takes months if not years of hard work to be able to see all these most difficult for me is patience. once in a while pop up now and then, get excited all over, fomo.
because its a never ending story, something like how to learn and decode a secret language;-)

its a life task
trading is like dancing, don't think and just listen to the music!
  • #407
  • Jan 27, 2023 2:39am Jan 27, 2023 2:39am
MIssed that buy on 4h supp
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Money moves the market, not an indicator.
  • #408
  • Jan 27, 2023 2:46am Jan 27, 2023 2:46am
USD/JPY at D supp
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Money moves the market, not an indicator.
  • #409
  • Jan 27, 2023 3:42am Jan 27, 2023 3:42am
Quoting andoseg2
USD/JPY at D supp {image}
Trying this buy based on above, just experimental.
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Money moves the market, not an indicator.
  • #410
  • Edited 5:34am Jan 27, 2023 3:56am | Edited 5:34am
Update: this first limit buy took SL
Quoting andoseg2
{quote} Trying this buy based on above, just experimental. {image}
1:1 , could be covered now in a live situation. Let see if it will hit the 20x reward as I analysed, i expect impulsive wave upside and if I am right, then x20 reward at least should be hit.

128.75 is also a nice Monthly support and I'm thinking of this, mabe will drop further in it? who know
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Money moves the market, not an indicator.
  • #411
  • Jan 27, 2023 5:26am Jan 27, 2023 5:26am
Quoting andoseg2
{quote} Trying this buy based on above, just experimental. {image}
The second limit buy triggered while the first hit SL.

Now again a cover action would be ideal to protect the trade since is 1:1 risk:reward.

It seem price tend to work precisely right kissing the open/close of the pivotal price , 129.70 being the support of 4h instead of 129.75 . Or mabe I am not familiarised with entries, still studying this

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Whoa! touched x2 reward. Mabe from here will get the big one trade

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Money moves the market, not an indicator.
  • #412
  • Jan 27, 2023 5:48am Jan 27, 2023 5:48am
Quoting andoseg2
{quote} The second limit buy triggered while the first hit SL. Now again a cover action would be ideal to protect the trade since is 1:1 risk:reward. It seem price tend to work precisely right kissing the open/close of the pivotal price , 129.70 being the support of 4h instead of 129.75 . Or mabe I am not familiarised with entries, still studying this {image} Whoa! touched x2 reward. Mabe from here will get the big one trade {image}
Aim for most recent high as TP1. Anything beyond that is chance. Always move SL to breakeven, and take TP2 as next psych level or structure high.
Take this course: https://shorturl.at/upBey
  • #413
  • Jan 27, 2023 7:01am Jan 27, 2023 7:01am
Quoting Inthebox
{quote} i illustrate simply by first going to monthly, weekly to draw the levels. do not anyhow draw levels just because it's whole number. i circled the closed candles that jump out at me. the blue level should be 140.75 instead of 140.70. daily nothing obvious jumps out to me, unless i want to refine the above 2 levels to daily. then i go to h4 do same thing. m30 with different colors are levels from different time frames for you to see better. you can see from there that i had in my view the range i needed to see, that is between the red and...
thank you for explain , as i understand now you draw lines at candles closed that respected , then refine it to 00,25,50,100 , that making things more clear now
  • #414
  • Jan 27, 2023 7:07am Jan 27, 2023 7:07am
Quoting JsCave
{quote} thank you for explain , as i understand now you draw lines at candles closed that respected , then refine it to 00,25,50,100 , that making things more clear now
H4 i refine them sometimes in 10pip-steps because its a lower TF.
trading is like dancing, don't think and just listen to the music!
  • #415
  • Jan 27, 2023 8:46am Jan 27, 2023 8:46am
i see uj after retraced and being supported moving up to meet w level.
i may be wrong.
only confirm if today closes above yesterday high.
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ITB - Seeing Orderliness amongst 'Randomness'
  • #416
  • Jan 27, 2023 8:51am Jan 27, 2023 8:51am
Quoting Inthebox
{quote} why old birds like us still hanging around? both of us joined in 2010. newbies please do not be misled it may appear simple and easy like many elsewhere tell you, but it's not. we had been through all these, that's why telling you. takes months if not years of hard work to be able to see all these most difficult for me is patience. once in a while pop up now and then, get excited all over, fomo.
Right. Too many people try to force trades. You have to let the market breathe and provide the setups. Cheers!
Take this course: https://shorturl.at/upBey
  • #417
  • Jan 27, 2023 10:09am Jan 27, 2023 10:09am
after us price index news
late entry
really a mess
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ITB - Seeing Orderliness amongst 'Randomness'
  • #418
  • Edited 2:29pm Jan 27, 2023 12:22pm | Edited 2:29pm
Quoting Inthebox
after us price index news late entry really a mess {image}
Avoid trading immediately before or after news. Give it 1-2 hours for price to stabilize before looking for entries otherwise it can whipsaw your SL. But great trade nonetheless!
Take this course: https://shorturl.at/upBey
  • #419
  • Jan 28, 2023 9:01am Jan 28, 2023 9:01am
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  • #420
  • Jan 28, 2023 2:55pm Jan 28, 2023 2:55pm
Hi,

does this looks ok for monthly levels?
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