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  • #21
  • Apr 26, 2023 2:50am Apr 26, 2023 2:50am
Nice bounce off the 9610 LV a mediocre one. Looks promising to hit the target at about 85 pips at zero risk SL been trailed to BE after 40 pips gain.
I hope most if not all off you are in it.

GL
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  • #22
  • Apr 26, 2023 2:53am Apr 26, 2023 2:53am
Quoting nadi-fx
I noticed PA reacted to this tiny mediocre level, I don't mind taking a shot at it... the buy in on. There are two other levels below this one that I initially looked to take up on and still have buy limit on both... either price goes crazy bear and zip through all of them or bounce of off one of them, won't be in it till test it. GL {image}
It seems that if I react well on that level.
Let's see if it rises and goes for the liquidity of the double top before going back down.
  • #23
  • Apr 26, 2023 2:59am Apr 26, 2023 2:59am
Quoting gerval
{quote} It seems that if I react well on that level. Let's see if it rises and goes for the liquidity of the double top before going back down.
Hopefully it will I be waiting for it up top with my sell limit and bank 80 right before that.
Either I wake up to a pleasant surprise or unpleasant one lol, bedtime now.
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  • #24
  • Apr 26, 2023 3:12am Apr 26, 2023 3:12am
At the moment you already have a pleasant one with the last one.
I stay watching the day start, jaja
  • #25
  • Apr 26, 2023 9:23am Apr 26, 2023 9:23am
Quoting nadi-fx
Nice bounce off the 9610 LV a mediocre one. Looks promising to hit the target at about 85 pips at zero risk SL been trailed to BE after 40 pips gain. I hope most if not all off you are in it. GL {image}
Waking up to a good one... sweet little profit of about 85pips off the 9706 LV.
so, for the week 3 trades with two loss and one win but a bottom line of +25... if i was fortune enough for that sell limit to be triggered, I already had hit the 100 pips weekly goal with 3 more days in the week to go. I may have messed up on drawing that LV line incorrectly as I look at it now, it happens.

GL
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  • #26
  • Apr 26, 2023 10:01am Apr 26, 2023 10:01am
I put the entry according to previous max and I'm still inside, Yesterday I did not take the entry for a few pips and today it has not taken me out for those same pips. Watching how it develops.
Would the TP leave you at the previous level above 9670?
It has traveled 30 pips in favor, and I have it in BE
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  • #27
  • Apr 26, 2023 10:18am Apr 26, 2023 10:18am
Quoting gerval
I put the entry according to previous max and I'm still inside, Yesterday I did not take the entry for a few pips and today it has not taken me out for those same pips. Watching how it develops. Would the TP leave you at the previous level above 9670? {image}
I see you stuck with the old peak LV and it's working out for you atm.
Yes take the 100... after that point the next 50 pips its the rough area for PA to travel to with two jammed up LV which Price could easily bounce off of it, I would just bank on that level.

Up top, the correct LV is where I placed it after witnessing yesterday's peak, price clearly reacted to the wick on (the red circle) and I just simply missed that. otherwise, I would have been triggered with yesterday short good for another 3R and totally would be ok with today's SL bcz of it... I take that over this.
that is why the preciseness of the LV is super vital when it gets rough like this. I missed the short by two pips and my stop today was hit by 2pips lol. so instead of being up 100 pips up 25.. big difference but its ok... who said trading was easy lol.
Thats the beauty of trading.

GL
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  • #28
  • Edited 11:47am Apr 26, 2023 10:45am | Edited 11:47am
The way Price is reacting around the 10620 level is a very good lesson for the thread followers. Most times you will get a clean bounce, or a clean stop hit. But there are times when price plays around at the level like what we are witnessing now.. it gave us a false break out and hoovering around the level still as to not sure if it's going to head down or resume the bull run or go circles.
so usually at this time I just sit on my hands and at least wait to see how the H4 candle closes if I have to take another shot at it going short, it has sting me already once. This level now is a suspect and a suspicious one... more time will reveal its hand, and if it run short now me not in it, it's fine bcz I already took a shot at it and can't do much about fake outs, it's part of the game. A guy told me once, "you atta make out with fake out" lol ... it will happen, be ok with it.
The point I am trying to hit home is;
To not start wondering
To not start messing around with Stops level (move it from 30-40 or 50 or extended to next level etc)
To question everything just bcz one level or handful of levels behave this way... be ok with the loss and the deceive... this market is a beast.
... stay the course

I am not lecturing by no means... just giving insight of what I do and go about it based on my own hard-fought experience throughout years.
I also know and understand why there isn't enough followers so no need to lecture much but for a few that are here this prime live example should work out well and I couldn't hold back.

GL
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  • #29
  • Edited 12:05pm Apr 26, 2023 10:53am | Edited 12:05pm
I agree with you, the TP after 100 can bounce in any previous minimum, also it already meets the 1:3 ratio, we will see the retesting it does.
I put above the highest maximum because it is common to take liquidity from 2 or 3 high peaks and more at the beginning of the American session.
If there was bad luck with the short entry and the SL for two pips and it is still in the green... it means that when it develops normally and in the long term it will compensate you.
  • #30
  • Apr 26, 2023 12:09pm Apr 26, 2023 12:09pm
Can't get a better hammer than this one, good lord... its hammer time baby, lol
BUT..
I can't take a short when is 25 points away of my LV... discipline comes to play.
The reality of this good looking hammer is that it is very large it well extended and broke above the last peak with lots of volume and action on it, which barely the bears won... level remains suspect.
This could still well play around this level, retest the top or the LV again before finally and if dropping down. So, I gotta enter out of place and risk my tight stop hit right at the level or extend my stop from 30 to above 60!! hell no.
the only way i would get back on this horse is at the new LV off the wick around 10860
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  • #31
  • Apr 26, 2023 7:23pm Apr 26, 2023 7:23pm
Are you taking into account any trend basis or strickly trading level to level no matter what the overall trend is?
  • #32
  • Apr 27, 2023 2:29am Apr 27, 2023 2:29am
Quoting ozziedave
Are you taking into account any trend basis or strickly trading level to level no matter what the overall trend is?
I think the title of the thread and subsequent posts is self explanatory.......
  • #33
  • Apr 27, 2023 3:46am Apr 27, 2023 3:46am
Bro! i have an question, how do you detect and draw the zone buy or sell limit in the chart? Are you using MACD histogram to detect top or bottom in H4 timeframe? Thankyou so much!
  • #34
  • Apr 27, 2023 5:00am Apr 27, 2023 5:00am
Quoting shrips
{quote} I think the title of the thread and subsequent posts is self explanatory.......
Well Shrips thanks for the helpful comment.

Some people may trade level to level with the overall trend.
  • #35
  • Apr 27, 2023 5:30am Apr 27, 2023 5:30am
Quoting nguyenoni
Bro! i have an question, how do you detect and draw the zone buy or sell limit in the chart? Are you using MACD histogram to detect top or bottom in H4 timeframe? Thankyou so much!
Because you want an indicator that shows you something when the live chart is telling you, look at the highs and lows with respect to the MACD and you will see how it indicates wrong or late, what it could indicate is whether it is going to reach a maximum or minimum and a divergence is taking place... Although wait for nadi-fx to clarify your doubts better.
To draw the limits, the creator of the thread indicates it in post 7.
  • #36
  • Apr 27, 2023 5:48am Apr 27, 2023 5:48am
We continue to hold the position, if they accumulate a lot up top and they intend to go down, they may possibly shoot up and take me out, but discipline is discipline.
I still have to get used to these H4 deadlines a bit.

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  • #37
  • Apr 27, 2023 6:55am Apr 27, 2023 6:55am
I am confused. Is it not sell limit on HH and buy limit on LL ?
  • #38
  • Apr 27, 2023 9:51am Apr 27, 2023 9:51am
I get to all your questions shortly.
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  • #39
  • Apr 27, 2023 10:40am Apr 27, 2023 10:40am
Quoting ozziedave
Are you taking into account any trend basis or strickly trading level to level no matter what the overall trend is?
No matter what the trend is Price still plays level to level most times!!... as we all got to know that no price goes straight up or down... pullbacks are a given and resumes are a possibility, so with level to level you could easily fall into trends automatically at the luxury of double tops/bottoms.
So, I have eliminated the stress of trend or no trend off my trading style and take things at face value to test the market at peaks and valleys where money was either inserted In or Out, some are strong some are not and meant to be broken resume trend or held tight to bounce to start a whole new move which I am in it from the very beginning where it creates lots of room for me to may let it ride and enjoy the also so called trend for more than my 3R goal.

I hope it helps.

GL
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  • #40
  • Apr 27, 2023 10:49am Apr 27, 2023 10:49am
Quoting nguyenoni
Bro! i have an question, how do you detect and draw the zone buy or sell limit in the chart? Are you using MACD histogram to detect top or bottom in H4 timeframe? Thankyou so much!
The MacD has nothing to do with my trading bcz is super lagging like every other indicator... it's just a visual for after the fact that there was a peak or valley after i have already taken action on it. When you trade with limit orders you are ahead of all indicators! meaning you are not waiting for confirmations to do xyz. That is why you see zero indicators on my chart.
About drawing the lines i have explained it in first a few posts I think please refer there. But in short no Zones... need to draw the line precise and trade right at that. You could use zones too but its not a clear discipline structure, your stop hit will be affected when you use zone unless increase the stop level to much higher like 60 from 30... now you are looking at a totally different ball game.

I hope it helps.

GL
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