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SRTLfd Discussion

  • #881
  • Edited 8:30pm May 26, 2023 8:20pm | Edited 8:30pm
looks to me next week is the w1 low dol (d1 equal lows)
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ITB - Seeing Orderliness amongst 'Randomness'
  • #882
  • Edited 10:25pm May 26, 2023 9:35pm | Edited 10:25pm
Quoting T721
{quote} Some weekend reading for you pal {image} {image} {image} {image}

good introductory stuff to price action trading, however thats all a rehash of richard wyckoffs stuff from the early 1900's LOL

if one learns those pdf's and wyckoff plus jesse livermores techniques wont you need indicators...livermore wrote a couple books one is free online
short trump and go long the deepstate
  • #883
  • Edited 10:26pm May 26, 2023 9:42pm | Edited 10:26pm
Wyckoff implemented his methods of technical analysis of the financial markets (the study of charts showing movements of stock-prices and other data). He grew his wealth such that he eventually owned nine and a half acres and a mansion next door to the Hamptons estate of General Motors president Alfred Sloan in Great Neck, New York.

him and livermore the smartest guys ever trading...pretty much everyone else from their day till now especially the stupid CNBC pundits which cramer is the biggest fool just used inside information to trade...i stopped watching cnbc over 10 years ago when cramer got his show...that channel will rot your brain LOL
short trump and go long the deepstate
  • #884
  • Edited 12:57pm May 27, 2023 8:33am | Edited 12:57pm
EUR/USD is bearish. The weekly chart is bearish, daily as well, as is the 4hr. just my take, may see a bounce in the short term but overall bearish. please don't take this as trading advice. I am a newbie and I am wrong more than I am right.
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without patience how can you be a trader?
  • #885
  • May 27, 2023 9:28am May 27, 2023 9:28am
Quoting Steverino832
EUR/USD is bearish. Weekly chart bearish, daily as well, as the 4hr. just my take, may see a bounce in the short term but overall bearish. please don't take this as trading advice. I am a newbie and I am wrong more than I am right.{image}{image}{image}
Three Black Crows
  • #886
  • May 27, 2023 5:11pm May 27, 2023 5:11pm
eu
each time frame has its own story to tell.
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ITB - Seeing Orderliness amongst 'Randomness'
  • #887
  • May 27, 2023 5:31pm May 27, 2023 5:31pm
Quoting Inthebox
eu each time frame has its own story to tell. {image}
what are bb and ob?
your charts is much clearer and cleaner
without patience how can you be a trader?
  • #888
  • May 27, 2023 5:43pm May 27, 2023 5:43pm
Quoting Steverino832
{quote} what are bb and ob? your charts is much clearer and cleaner
these are ict concepts which can be found in youtube.
bb = breaker block
ob = order block
ITB - Seeing Orderliness amongst 'Randomness'
  • #889
  • May 27, 2023 5:45pm May 27, 2023 5:45pm
my favorite QM with 3rd touch of trend line.
ltf engulf within htf engulf.
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ITB - Seeing Orderliness amongst 'Randomness'
  • #890
  • May 27, 2023 5:52pm May 27, 2023 5:52pm
Quoting Inthebox
{quote} these are ict concepts which can be found in youtube. bb = breaker block ob = order block
thank you!
without patience how can you be a trader?
  • #891
  • May 27, 2023 5:59pm May 27, 2023 5:59pm
Quoting Inthebox
my favorite QM with 3rd touch of trend line. ltf engulf within htf engulf. {image} {image}
that Entry was killer!
without patience how can you be a trader?
  • #892
  • May 27, 2023 6:01pm May 27, 2023 6:01pm
Quoting Steverino832
{quote} that Entry was killer!
it is the exit of a trade that can result either in a profit or a loss.
ITB - Seeing Orderliness amongst 'Randomness'
  • #893
  • May 27, 2023 6:05pm May 27, 2023 6:05pm
Quoting Inthebox
{quote} it is the exit of a trade that can result either in a profit or a loss.
the whole trade was killer!
without patience how can you be a trader?
  • #894
  • May 27, 2023 6:21pm May 27, 2023 6:21pm
for some who just unable to spot QM, the SRTL worked equally well in this case.
notice that at the bottom, there was a qm bounce.
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ITB - Seeing Orderliness amongst 'Randomness'
  • #895
  • Edited 7:01pm May 27, 2023 6:37pm | Edited 7:01pm
Quoting Inthebox
for some who just unable to spot QM, the SRTL worked equally well in this case. notice that at the bottom, there was a qm bounce. {image}
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is this the same trade? if so are my trend lines right?
without patience how can you be a trader?
  • #896
  • May 27, 2023 6:59pm May 27, 2023 6:59pm
Quoting Steverino832
{quote} {image} is this the same trade? if so are my tls right?
Yes ok
ITB - Seeing Orderliness amongst 'Randomness'
  • #897
  • May 27, 2023 7:04pm May 27, 2023 7:04pm
Quoting Inthebox
{quote} Yes ok
thank you!
without patience how can you be a trader?
  • #898
  • May 27, 2023 7:07pm May 27, 2023 7:07pm
Quoting Inthebox
for some who just unable to spot QM, the SRTL worked equally well in this case. notice that at the bottom, there was a qm bounce. {image}
like you said in an older post you have to trade what you see
I can see SNR ok and gaps but Qm I can't see it to save my life lol
without patience how can you be a trader?
  • #899
  • May 27, 2023 9:19pm May 27, 2023 9:19pm
Quoting Inthebox
{quote} it is the exit of a trade that can result either in a profit or a loss.
We need to focus more on exit and Risk management, to remain profitable in the long run. often, our focus gets diverted to entry only.
Success = Practice + Patience + Persistence
  • #900
  • May 27, 2023 10:32pm May 27, 2023 10:32pm
All the JPY pairs, sitting at the MULTIYEAR HIGH area. Even though the chart looks extremely bullish regardless of the TF, next week may present a U-Turn scenario. MY reasons (possible) are:

  1. END of month profit taking
  2. New month rollover and position taking ( false break)
  3. US debt ceiling situation
  4. We haven't seen any sort of significant intervention either by the Federal Reserve or BOJ in the recent UP move. So, it's due to happen.

JPY

Success = Practice + Patience + Persistence
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