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Level in Level out

  • #281
  • May 15, 2023 6:57am May 15, 2023 6:57am
@Nadi: Could you please clarify when a peak or valley is confirmed for you? Does it need to be a "swing point" or any minimum height in pips? Would you consider 1.0848 as valley?
  • #282
  • May 15, 2023 7:14am May 15, 2023 7:14am
Levels/sell limits currently at play for the week:

10865
10486
10024
09310

Will appreciate inputs and assists
Attached Image (click to enlarge)
Click to Enlarge Name: EURUSDH4.png Size: 8 KB
  • #284
  • May 15, 2023 10:09am May 15, 2023 10:09am
Quoting Olarion1975
@Nadi: Could you please clarify when a peak or valley is confirmed for you? Does it need to be a "swing point" or any minimum height in pips? Would you consider 1.0848 as valley?
When money is inserted and deserted...
Price halt and take off, the origin becomes a Level... most times are Valleys and Peaks and at times mid-range levels.

Please read the 1st post and important posts.
Stay the Course
  • #285
  • May 15, 2023 10:14am May 15, 2023 10:14am
Quoting Jewel1996
Levels/sell limits currently at play for the week: 10865 10486 10024 09310 Will appreciate inputs and assists {image}

All sell limits are still intact.
Now we got a buy limit as well 8500
Stay the Course
  • #286
  • May 15, 2023 10:25am May 15, 2023 10:25am
I see again and very eagerly we have another Level indicator posted here.
As I said before, learn to train your eyes to see it yourself and to draw it yourself and not depend on xyz to all that for you. This way you be more engaged with price and chart, builds muscle memory, becomes second nature.
Level that is broken is dead and that is what this whatever indicator or most other don't show and therefore your chart is full of lines, just be aware of which one to filter if you chose to not listen to me and want to use it.

GL
Stay the Course
  • #287
  • May 15, 2023 10:50am May 15, 2023 10:50am
Quoting nadi-fx
{quote} All sell limits are still intact. Now we got a buy limit as well 8500
Based on the shaded H4 candle, the wick in my case is more than 10 pips, so the 2/3rd rule applies. Are we to add 1/3 or 2/3 to the low to get the level for buy limit?
Attached Image (click to enlarge)
Click to Enlarge Name: EURUSDH4.png Size: 5 KB
  • #288
  • Edited 11:59am May 15, 2023 11:34am | Edited 11:59am
Quoting Jewel1996
{quote} Based on the shaded H4 candle, the wick in my case is more than 10 pips, so the 2/3rd rule applies. Are we to add 1/3 or 2/3 to the low to get the level for buy limit? {image}
On this one I went inward 2/3... when not a lot of wicks or no wick to work with just go inward 5-10 pips making sure still got 20 pips to the 30 mark and inside enough to not miss the trigger.
It happened couple of times last week and cost me to miss big gains. I rather get triggered get sting with Stops then not trigger and miss a big ride.
Stay the Course
  • #289
  • May 15, 2023 11:50am May 15, 2023 11:50am
Levels placed like yours.
The buy level coincides with the opening of the day, one more confluence.
  • #290
  • May 15, 2023 11:57am May 15, 2023 11:57am
Okey guys, some game planning ahead on how to manage when in a trend play.
From here on if we get on any sell trade that does fall big you want to bank but leave some of the position open... I Bank & Keep (KB 80/20)
... banking 100+ for 80% and 20% of the position to run... If you catch a big trend let's say around 1000 pips... that equal to 6-7 of stop size.
and if trending and stepping, you very well could be in multiple of it... now you are a playaa, maximizing the trend, stress free, at ease, risk free... you already have got your main chunk.
Talking ahead this may not happen but if does you are planned for it. Being a few steps ahead helps you make in-the-moment decisions with full clarity.
I can care or less about Trend... but if it's there this is how I would play it.

GL
Stay the Course
  • #291
  • May 15, 2023 12:02pm May 15, 2023 12:02pm
Quoting gerval
Levels placed like yours. The buy level coincides with the opening of the day, one more confluence.
That level could get crush like a pumpkin pie... but got be tested.
The larger the pullback the better chance of level to hold... this pullback is a little one for now compared to the drop.
remains to be seen...
Stay the Course
  • #292
  • May 15, 2023 12:11pm May 15, 2023 12:11pm
Here is my chart to start the week with levels and orders for now.

Also, on obvious points where money inserted... the reason so far price pushed bear so nicely and orderly. (red Circles)
Attached Image (click to enlarge)
Click to Enlarge Name: vvv.png Size: 29 KB
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  • #293
  • May 15, 2023 12:25pm May 15, 2023 12:25pm
Quoting nadi-fx
{quote} That level could get crush like a pumpkin pie... but got be tested. The larger the pullback the better chance of level to hold... this pullback is a little one for now compared to the drop. remains to be seen...
May also pick the buy limit first for liquidity before going up
  • #294
  • May 15, 2023 12:31pm May 15, 2023 12:31pm
Patience...
I know some of you see the wick, it looks so ripe for a drop to at least test the Valley... and you're sitting there tempted to get on this to either grab it for a quick gain or possibly be in this ride for a big drop.
But, in reality...
This pullback is not fully developed yet, and it could still very well reach up higher it could even be a bounce to the moon... noting is set yet.
sit on your hands let it develop, stay patience, stay with your structure (whatever it is that you do)... stick to your plan... practice discipline... stay the course.
Rides and bounces etc are everywhere... how you win with it is another story... your structure is your edge... you wanna win based on something that you can fall back on if it doesn't pan out to be the way it should've could've...
Structure and Risk Management is first and everything else 2nd the way I approach it.... you are the master or your boat tho.

I see things live and find it necessary to point out, that's all... no intention to lecture by any means.

GL
Attached Image (click to enlarge)
Click to Enlarge Name: bbbbb.png Size: 15 KB
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  • #295
  • May 15, 2023 1:07pm May 15, 2023 1:07pm
now is when many indicators cross and give inputs, but I prefer to sit on my hands and wait for the inputs of the system, it gives us the advantage of entering early and good liquidity taking points.
  • #297
  • Edited 8:26am May 16, 2023 7:17am | Edited 8:26am
Quoting nadi-fx
{quote} All sell limits are still intact. Now we got a buy limit as well 8500


Can you please point out which specific H4 candle close that confirmed this particular setup?
If EU does not trade above the current high of 1.09046, does it imply that we have a sell limit at 1.08946 after 20:00 H4 server time candle close?

Thank you
  • #298
  • May 16, 2023 11:51am May 16, 2023 11:51am
Quoting Jewel1996
{quote} Can you please point out which specific H4 candle close that confirmed this particular setup? If EU does not trade above the current high of 1.09046, does it imply that we have a sell limit at 1.08946 after 20:00 H4 server time candle close? Thank you
last close to last high point in this case.
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  • #299
  • May 16, 2023 12:10pm May 16, 2023 12:10pm
The recent pullback got us couple of new level... 8500 buy limit and 8970 sell limit
Attached Image (click to enlarge)
Click to Enlarge Name: zz.png Size: 28 KB
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  • #300
  • May 17, 2023 2:09am May 17, 2023 2:09am
limit buy missed the buy by .1 .... lucky retrace... manually entered at market .0855
Its all just one persons opinion
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