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Attachments: Volman Style (70-tick chart)
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Volman Style (70-tick chart)

  • #641
  • Aug 2, 2023 4:14am Aug 2, 2023 4:14am
After looking at yesterdays chart I managed to find an ARB. First penetration of bottom barrier was a false break, as it followed the top barrier bounce. Second penetration was a tease, which lacked buildup. If you had entered without waiting for 50 level and prior low to get taken out, 10 pip profit target would have been hit. Other way trade could have been easily scratched with 8-9 pip profit (price consolidated at the 50 level for about 10 minutes, it is reasonable to exit). 50 level proved to be too strong for target at 40 level to be reached.
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  • #642
  • Aug 2, 2023 5:09am Aug 2, 2023 5:09am
Simple RB. 10 pip take profit reached. Waiting for 80 level to get penetrated would still result in 10pip profit.
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  • #643
  • Aug 2, 2023 5:30am Aug 2, 2023 5:30am
Hey Yarek,

ARB: it's okay but still a little aggressive for me personally, with the 50 underneath, a straight move from the top and that block relatively far from the EMA. Anyway, the trade is still doable.

RB: great for the last break, a little aggressive the previous one.

Keep going!
  • #644
  • Edited 2:20pm Aug 2, 2023 2:05pm | Edited 2:20pm
Found 2 good looking BB's. Neither of them had the perfect squeeze between MA and signal line, but its okay in a fast trend. First one was also a RB. Take profit could have been increased to 50 round number (12 pip). Second was quite big for a block, but it was a sideways pullback. 00 magnet below provides with a swing opportunity (price went nearly 20 pip below 00 with even more trend continuation setups in the way). No support below after 20 level gets penetrated. There was also a very small pullback to test 20 level for those who missed BB.

This the 3rd day of downtrend on GBPUSD.
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  • #645
  • Edited 2:34pm Aug 2, 2023 2:20pm | Edited 2:34pm
First arrow RB would definitely be skipped by most traders, 5 bars later there was a retest of 00 (signal line). With no support below and considering heavy downtrend aggressive scalper might have taken this ARB. There was also a M pattern (double top) minutes before RB. Second arrow could be either ARB or DD. Anyways bulls failed 2 time to break above 00. The very first support (cluster in this case) is approximately 8 pips below. As the chart suggests there was no reason to exit and 10 pips take profit would have been easily hit.
Attached Image (click to enlarge)
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  • #646
  • Aug 4, 2023 2:28am Aug 4, 2023 2:28am
Hi Yarek,

your analysis makes sense but again I would say you need to look at the setups from a bigger perspective. Why do you call the first one a RB? In my view, it's just a small block.

In the second picture also, you can shorten the box and see that in reality we're dealing with a regular or even small BB. As for the ARB or DD, some clustering price action formed after the break of the box, so you need to be careful with it. The market was trending so maybe it was doable but I would say aggressive still.

Try to watch a live market and spot setups when they're forming. You'll see how many small setups fail and this can help you to start looking at a bigger picture and become more conservative. Besides that, your analysis is good.

Keep going!
  • #647
  • Aug 7, 2023 11:15pm Aug 7, 2023 11:15pm
Quoting Yarek
First arrow RB would definitely be skipped by most traders, 5 bars later there was a retest of 00 (signal line). With no support below and considering heavy downtrend aggressive scalper might have taken this ARB. There was also a M pattern (double top) minutes before RB. Second arrow could be either ARB or DD. Anyways bulls failed 2 time to break above 00. The very first support (cluster in this case) is approximately 8 pips below. As the chart suggests there was no reason to exit and 10 pips take profit would have been easily hit. {image}
Thank you for your sharing.Can you please let me know which software is used to view the 70 tick chart?
  • #648
  • Aug 8, 2023 4:30am Aug 8, 2023 4:30am
Quoting Jervis
{quote} Thank you for your sharing.Can you please let me know which software is used to view the 70 tick chart?
Yarek is using Ninjatrader software for tick charts and GC-finance and EUR/USD forex are using Prorealtime trading software.
  • #649
  • Aug 8, 2023 9:25pm Aug 8, 2023 9:25pm
Quoting Hardandsmart
{quote} Yarek is using Ninjatrader software for tick charts and GC-finance and EUR/USD forex are using Prorealtime trading software.
Thank you very much
  • #650
  • Edited 9:20am Aug 17, 2023 8:20am | Edited 9:20am
Good afternoon (for europeans). Decided to take a day to analyze market real time today. (Actually it wasn't full day, since starvation hasn't been proven to increase profits). GBP/USD behaved in a way that's not quite usual. (A mere 10-15 pip ranges were followed by big and sudden 30+ pips moves with little pullbacks). I'm not sure if I would have taken the last trade (ARB)- maybe if it was the first setup to appear in the whole session, out of impatience.
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  • #651
  • Aug 18, 2023 5:00am Aug 18, 2023 5:00am
Good morning my men ! A lot better then the other time !!! KEEP THE GOOD WORK you become better and better
  • #652
  • Aug 18, 2023 11:32am Aug 18, 2023 11:32am
Only managed to find one today, was a little short in time. The fact that this range took 3 and a half hours to form also comes into play. I still prefer today's price action over yesterdays. Better to get one good opportunity you're confident about than multiple but questionable and debatable.
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  • #653
  • Aug 18, 2023 2:21pm Aug 18, 2023 2:21pm
Setup speaks for itself. This Fb's is uncommonly good looking. It is precisely 50% retracement of earlier move.
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  • #654
  • Aug 19, 2023 5:06pm Aug 19, 2023 5:06pm
Greetings guys;
I have been absent in the thread for a while and I missed y'all guys. I'm starting to post my charts here on from this monday(If I trade) and all your feedbacks are welcome so that we can continue to grow together as traders.
I couldn't see any other way to announce my comeback hahahahahha, but I hope I'm welcomed.
  • #655
  • Aug 20, 2023 6:41am Aug 20, 2023 6:41am
Hello guys ! hope everybody are great! Welcome aboard to KAMUNTU ! If we start to get some other traders right here i will be back too with my charts On my side i trade all days but I had stopped to post my charts because except my men GC FInance nobody was there... But lets go and try to see whats next week bring to us all together
  • #656
  • Aug 20, 2023 6:45am Aug 20, 2023 6:45am
Hello Yarek I hope you doing well Great job with your last couple charts we see that you get a larger view with the price action and it seems like your setups are more duable !! Keep the great work and continu the practice when your time will come next summer you will be ready to kick some ass
  • #657
  • Aug 20, 2023 2:34pm Aug 20, 2023 2:34pm
Quoting Eurusdforex
Hello Yarek I hope you doing well Great job with your last couple charts we see that you get a larger view with the price action and it seems like your setups are more duable !! Keep the great work and continu the practice when your time will come next summer you will be ready to kick some ass
Thank you. I think I might actually be able to start trading live sooner than expected. There are days I have more free time than usual. I should be able to trade the US session for 2-3 hours on those days. I'm pretty sure there should be at least a single opportunity (setup) at that time of the day. Speaking of practice I have plans to begin trading a micro lot in the very end of august. Currently waiting for IC markets to verify identity. Practice should also help me to finally choose between ProRealTime and Ninjatrader (I will give a try to both of them).

Green pips !
  • #658
  • Edited 5:55am Aug 21, 2023 5:22am | Edited 5:55am
Good morning. Beginning of the week does not seem to be favorable for the GBP/USD. Market is very slow, therefor I didn't sit by my screen the whole time.

Edit: (2hours later) price went flat on European lunch hours. European and US overlap might revive it, else there might be no more setups today (with favorable conditions).
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  • #659
  • Aug 21, 2023 8:26am Aug 21, 2023 8:26am
Good morning i hope everybody are good !! there we go with my first trade of this morning.. little bit risky with the low barrier of the range like 5-6pips under my entrry but i think it was duable. feel free to comment.
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  • #660
  • Aug 21, 2023 10:45am Aug 21, 2023 10:45am
Quoting Eurusdforex
Good morning i hope everybody are good !! there we go with my first trade of this morning.. little bit risky with the low barrier of the range like 5-6pips under my entrry but i think it was duable. feel free to comment. {image}
Looking at the far left side of the range bottom I can't see any kind of strong support or good support at the bottom barrier of the range. I think it's a very good setup.
Strong MM/Head and shoulders pattern, clear 00 level rejection, test of the ema, textbook squeeze between the ema and dotted line, and can't see any good adverse magnet in play. A very mature setup indeed.
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