SRTLfd Discussion | Forex Factory

Options

Go to
Permalinks
Print Thread

Similar Threads

USD/JPY Discussion 93,304 replies

Elliott Waves discussion 4 replies

Euro/Dollar discussion 9 replies

Forward Testing Discussion Thread 241 replies

Attachments: SRTLfd Discussion
Exit Attachments

SRTLfd Discussion

  • #1
  • First Post: Edited Aug 24, 2023 11:06am Apr 23, 2023 1:02pm | Edited Aug 24, 2023 11:06am
SRTL
Support and Resistant (supply and demand)
Trend Line

fibonacci (optional)
divergence (optional)
round number (optional)
gap (optional)

They are simply horizontal and diagonal lines for a clear uncluttered chart reading.

***The main purpose of this thread is to post a higher time frame Key Level or Zone for observation
The Key Level is either of 2 purposes:
1. Lower time frame trade set up, or
2. Target as Directional Bias.
It is to be posted before any trade entry is made so as to alert traders who are interested to discuss on the level.
It has only one line or zone with no other information so as to prevent newbies from copying trades.
It is not for posting charts after the fact is over.
Traders later can then post the trade made with some explanation.

The htf Key Level is best used together with htf Trend directional bias.
The goal is to obtain a high probability trade.
Striving to be consistent with profits (rather than a haphazard one) so as to overcome fear, greed and emotions.
https://www.forexfactory.com/thread/...1#post14415541
https://www.forexfactory.com/thread/...8#post14415248

A. Trend reading / Directional bias
https://www.forexfactory.com/thread/...4#post14416704
https://www.forexfactory.com/thread/...8#post14425018
https://www.forexfactory.com/thread/...4#post14428024

B. Key level
https://www.forexfactory.com/thread/...3#post14419363
https://www.forexfactory.com/thread/...3#post14420123
https://www.forexfactory.com/thread/...1#post14425661
https://www.forexfactory.com/thread/...2#post14434502

C. Trade Set Up for Entry:

1. SRTL patterns
https://www.forexfactory.com/thread/...0#post14546060
https://www.forexfactory.com/thread/...1#post14404141
https://www.forexfactory.com/thread/...1#post14410401
https://www.forexfactory.com/thread/...5#post14419915

2. Quasimodo (Advance) pattern
https://www.forexfactory.com/thread/...8#post14433868
https://www.forexfactory.com/thread/...5#post14425005
https://www.forexfactory.com/thread/...9#post14418419
https://www.forexfactory.com/thread/...0#post14419690
https://www.forexfactory.com/thread/...3#post14420293
https://www.forexfactory.com/thread/...0#post14425320
https://www.forexfactory.com/thread/...7#post14431987

3. Quasimodo Manipulation pattern (failed QM)
https://www.forexfactory.com/thread/...8#post14425008
https://www.forexfactory.com/thread/...1#post14435311
https://www.forexfactory.com/thread/...8#post14435428

Making a living out of these and the criteria?
https://www.forexfactory.com/thread/...7#post14420647

Checklist
https://www.forexfactory.com/thread/...3#post14426593

Hopefully this will involve traders discussing the trade set up each will be watching out for.
It does not matter whether the trade finally work out or not later.
It is for interaction and with practice overcoming the fear of being wrong.
Only through multiple small failures that one can learn and build up confidence and success.

helicopter overall view on my style of trading: engulfing and breakout.

lower time frame pattern: mainly SRTL SR flip and QM
supported by
higher time frame candstick: Engulf, Double Marubozu, Supply Demand (rbd, dbr, rbr, dbd)

in the combined multi time frames, there are always engulfing and breakout involved.

Structure --> Draw on Liquidity --> Premium Discount --> Displacement --> Set Up

at times i do not use stop loss, because i see a higher time frame pattern, unless you do not trust it.
Attached Image (click to enlarge)
Click to Enlarge Name: screenshot.png Size: 120 KB
ITB - Seeing Orderliness amongst 'Randomness'
  • #2
  • Apr 23, 2023 1:03pm Apr 23, 2023 1:03pm
will observe the daily level.

i am using higher time frame for key level.
lower time frame (h1 and below) for entry and exit.
Attached Image (click to enlarge)
Click to Enlarge Name: screenshot.png Size: 4 KB
ITB - Seeing Orderliness amongst 'Randomness'
  • #3
  • Edited 1:20pm Apr 23, 2023 1:10pm | Edited 1:20pm
i am having a short bias if there is a h4 close below the key level.
but i may not be around then to take a trade.

Friday low just gives me the direction to trade towards, which may or may not be my tp.
i am looking for 20 to 30 pips to make around 1% day.
so i have to adjust the unit lot size.
it is something for me to work towards to about 5% week generally..

so i am looking at performance on a weekly basis, instead of daily.
ITB - Seeing Orderliness amongst 'Randomness'
  • #4
  • Apr 23, 2023 1:10pm Apr 23, 2023 1:10pm
there are many types of traders.
long term, swing, short term day trading, scalping.
one has to find out which one is emotionally comfortable and suitable for.

however all can start using a key level (preferably a htf) to trade from no matter what type of trader one is.
i do not see any type more superior than another type.
not even when one can make more than one hundred pips per trade.
one can afford to do that by using multiple small unit lot sizes trying to even out the odds.
ITB - Seeing Orderliness amongst 'Randomness'
  • #5
  • Apr 23, 2023 11:03pm Apr 23, 2023 11:03pm
usdjpy short.
retest of snr.
sometimes it is better to wait for frankfurt / london session where there is more volume.
Attached Image (click to enlarge)
Click to Enlarge Name: screenshot.png Size: 11 KB
ITB - Seeing Orderliness amongst 'Randomness'
  • #6
  • Apr 24, 2023 3:47am Apr 24, 2023 3:47am
result.
BRC = Break, Retrace, Continue
took partial profit and balance BE plus.
Attached Image (click to enlarge)
Click to Enlarge Name: screenshot.png Size: 14 KB
ITB - Seeing Orderliness amongst 'Randomness'
  • #7
  • Edited 4:22am Apr 24, 2023 4:10am | Edited 4:22am
Tip:

one of my favorite pattern.
it appears in all time frames.
one can make a living with this one pattern if well versed in it.
use it with fibonacci, divergence or round number.
better still with combinations of them.

be careful when using in lower time frame as it whip saws.
use it as a trend continuation pattern.
like after seeing a trend in the above h4 post (i used with fibonacci and round number).
Attached Image (click to enlarge)
Click to Enlarge Name: screenshot.png Size: 6 KB
ITB - Seeing Orderliness amongst 'Randomness'
  • #8
  • Apr 24, 2023 5:01am Apr 24, 2023 5:01am
eurjpy moved the most after london opened.
we can then study it.

for me directional bias and key levels are most important.
then you can see the 1,2,3.

yes, it is not easy to spot them when live.
will there be a difference if for 3 months day in day out you see hundreds of these.
your eyes and brain will slowly recognize subconsciously.
i am still adjusting myself.
Attached Image (click to enlarge)
Click to Enlarge Name: screenshot.png Size: 16 KB
ITB - Seeing Orderliness amongst 'Randomness'
  • #9
  • Apr 24, 2023 5:31am Apr 24, 2023 5:31am
uj moved above asian and yesterday high.
is it taking all the buy stops for those who had shorted previously?
it is now near h4 fib 79 and a daily level.
will see whether it falls below 134.50.
ITB - Seeing Orderliness amongst 'Randomness'
  • #10
  • Apr 24, 2023 6:39am Apr 24, 2023 6:39am
Quoting Inthebox
uj moved above asian and yesterday high. is it taking all the buy stops for those who had shorted previously? it is now near h4 fib 79 and a daily level. will see whether it falls below 134.50.
What do you think about GJ?
  • #11
  • Apr 24, 2023 7:11am Apr 24, 2023 7:11am
gj daily uptrend.
above got 2 resistance.
about 30 pips to 1st resistance.
then will have to see reaction there.
Attached Image (click to enlarge)
Click to Enlarge Name: screenshot.png Size: 5 KB
ITB - Seeing Orderliness amongst 'Randomness'
  • #12
  • Apr 24, 2023 2:25pm Apr 24, 2023 2:25pm
Quoting Inthebox
uj moved above asian and yesterday high. is it taking all the buy stops for those who had shorted previously? it is now near h4 fib 79 and a daily level. will see whether it falls below 134.50.
pattern appeared in both htf and ltf.
Attached Image (click to enlarge)
Click to Enlarge Name: screenshot.png Size: 17 KB
ITB - Seeing Orderliness amongst 'Randomness'
  • #13
  • Apr 25, 2023 2:33am Apr 25, 2023 2:33am
Quoting Inthebox
will observe the daily level. i am using higher time frame for key level. lower time frame (h1 and below) for entry and exit. {image}
yesterday we started off observing the daily key level.
price went up to another daily key level and dropped back down.
it looks bearish as price broke below h4 level.
friday low is still the target to work towards to.
Attached Image(s) (click to enlarge)
Click to Enlarge Name: screenshot.png Size: 7 KB
Click to Enlarge Name: screenshot.png Size: 6 KB
ITB - Seeing Orderliness amongst 'Randomness'
  • #14
  • Apr 25, 2023 3:12am Apr 25, 2023 3:12am
Quoting Inthebox
gj daily uptrend. above got 2 resistance. about 30 pips to 1st resistance. then will have to see reaction there. {image}
gj reached the 1st resistance daily level and dropped.
broke down few levels of support.
Attached Image (click to enlarge)
Click to Enlarge Name: screenshot.png Size: 8 KB
ITB - Seeing Orderliness amongst 'Randomness'
  • #15
  • Apr 25, 2023 4:38am Apr 25, 2023 4:38am
Quoting Inthebox
{quote} yesterday we started off observing the daily key level. price went up to another daily key level and dropped back down. it looks bearish as price broke below h4 level. friday low is still the target to work towards to. {image} {image}
study the pattern. only this one pattern.
how many times had it appeared since yesterday?
i drew it multi time frames. d1, h4, m15.
also on rsi.
Attached Image (click to enlarge)
Click to Enlarge Name: screenshot.png Size: 15 KB
ITB - Seeing Orderliness amongst 'Randomness'
  • #16
  • Edited 5:00am Apr 25, 2023 4:46am | Edited 5:00am
next.
any traders see any key level snr that all can observe together?
after showing this much here, this is my wish for this thread.
throw away the fear of being wrong. face it head on.
jpy strongest during london session.
ITB - Seeing Orderliness amongst 'Randomness'
  • #17
  • Apr 25, 2023 5:35am Apr 25, 2023 5:35am
uj range to watch later.
Attached Image (click to enlarge)
Click to Enlarge Name: screenshot.png Size: 7 KB
ITB - Seeing Orderliness amongst 'Randomness'
  • #18
  • Apr 25, 2023 6:10am Apr 25, 2023 6:10am
Quoting Inthebox
next. any traders see any key level snr that all can observe together? after showing this much here, this is my wish for this thread. throw away the fear of being wrong. face it head on. jpy strongest during london session.
Hey,

My thoughts about UJ something like that maybe, I'm rare watch this pair
Easy can be breakout of diagonal sup on daily chart
Attached Image(s) (click to enlarge)
Click to Enlarge Name: screenshot.png Size: 72 KB
Click to Enlarge Name: screenshot.png Size: 66 KB
  • #19
  • Apr 25, 2023 6:58am Apr 25, 2023 6:58am
Quoting DmShka
{quote} Hey, My thoughts about UJ something like that maybe, I'm rare watch this pair Easy can be breakout of diagonal sup on daily chart {image} {image}
ok. will see what will happen during new york session.
ITB - Seeing Orderliness amongst 'Randomness'
  • #20
  • Apr 25, 2023 7:05am Apr 25, 2023 7:05am
Both EJ and GJ are at hourly BRC. Going long
0 traders viewing now