Disliked{quote} Yeah I can see thats internal mate, but if you zoom out thats just a small swing inside of a larger dealing range as shown on my screenshotIgnored
Can't go broke making profit
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Disliked{quote} Yeah I can see thats internal mate, but if you zoom out thats just a small swing inside of a larger dealing range as shown on my screenshotIgnored
Disliked{quote} Ahh, see I was basing it on the break of the larger dealing range, with all other fractals being internal. So my break started from the large down bar. {image}Ignored
Disliked{quote} Ahh, see I was basing it on the break of the larger dealing range, with all other fractals being internal. So my break started from the large down bar. {image}Ignored
Disliked1% losses 3% wins we don't panic after a 1% loss, we're mechanical. Instead of harping on wins and losses, lets look at percent profitable. Psychologically this will keep your morale high and your emotions in check Notes - Inside Bars invalidate extended sweeps Reminder - If you cant fit your entire 1:3 RR inside of dealing range its invalid setupIgnored
DislikedKillZones: Trading Session Indicator - Set it to just show NY and London Sessions. You can manually set the time as well: NY KillZone from 8:00 to 10:00. London KillZone is from 3:00 to 6:00.Ignored
Disliked{quote} Hi FireScape, Can you check if my understanding is correct in this drawing? Thanks. So far, this has been how I trade. I avoid counter trend trading. {image}Ignored
Disliked{quote} Hey Haz. Your question, specifically on what you are referring to as FT, is addressed directly and concisely by Scott in his latest video: the video that FireScape linked to yesterday. Watch carefully between 6:50 and 7:35 in that video. Hint: Your FT is actually an NFT, and you should become bullish, not bearish. Here's the link to the video again: https://www.youtube.com/watch?v=8xV8QI3I-GQ.Ignored
Disliked{quote} But my question is, after the candle sweep of the fractal high at M15, why didn't he wait for that candle to close under the low of the candle that swept it before entering? From my observation, he immedietly entered the moment it sweeps the fractal high, and it closes under the fractal high, but the close is still higher than the low (it's the same candle, a bullish candle). Is not waiting for the candle to close under the candle low that swept the fractal a requirement? (going bearish) {image}Ignored
Disliked{quote} Haz, I've read and reread this question from you several times but can't seem to understand it. Scott saw a liquidity sweep to the upside, above the Equilibrium line, and that matched his criteria for a counter trend during a bullish NFT, so he took it. I don't understand this sentence from you: "Why didn't he wait for that candle to close under the low of the candle that swept it before entering?" That sentence seems to be implying an extra step in the analysis that I'm unaware of. What I do know is that if a liquidity sweep happens within...Ignored
Disliked{quote} Hi Bazenga, sorry I think I got it mixed up. But it's clear to me now after rewatching that part of the video for the nth time. I appreciate your help thanks. Now I have another question regarding how to draw the H4 range (and the M15 range). I am under the impression to just use the latest high and low fractals. But Scott's latest video, and the discussion of external and internal ranges just has me confused.Ignored
Disliked{quote} Sorry, this isn't right. The external range is the most recent fractal to be interacted with. So if you have fractals that are being printed, but not being interacted with, that's what creates that itnernal range. In your screen print, that range is far to large, thats why when Scott comes to a clean chart, hes not starting his range way down here {image} In your screen print, the most recent fractal that got interacted with is marked here. It creates a short lived NFT, and then two following bearish closes through that same fractal for...Ignored
Disliked{quote} Yes this is a question I've seen several people get confused about. In order to see what is the best way of drawing the ranges, think logically about how those ranges advance in time. You'll note that the ranges don't shift unless they are breached. This is a very important thing, because it means that if price makes a very huge move in one direction, and ends up having a very huge range, and then subsequently it creates a lot of internal fractals within that huge range, those internal fractals will NOT be considered at all. You will only...Ignored
Disliked{quote} Again, thank you so much. This is the current EU chart on H4. Is that correctly drawn? Red dotted line is the range. {image}Ignored
Disliked{quote} That's how I initially see it too, then I wasn't sure of myself. If that's the case, is the M15 as follows? {image}Ignored
Disliked{quote} Again, thank you so much. This is the current EU chart on H4. Is that correctly drawn? Red dotted line is the range. {image}Ignored