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  • #961
  • Feb 19, 2024 9:52am Feb 19, 2024 9:52am
Recap of today's paper trade: Managed to spot not just one, but two awesome entries even though the market was as chill as a sleeping fish. Tomorrow, I'm feeling ready to place some real trades. Can't wait to see how it all shakes out!
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  • #962
  • Feb 19, 2024 6:42pm Feb 19, 2024 6:42pm
Quoting Inthebox
{quote} no set up. close for the day. {image}
long continuation. this may be it.
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ITB - Seeing Orderliness amongst 'Randomness'
  • #963
  • Feb 19, 2024 10:07pm Feb 19, 2024 10:07pm
Quoting emmanuel7788
{quote} its going to be good later in the US session the Weekly is the new control and it has the final say which way it will go the high-low of this Week' candle has been fix now, the question is where will the Close be. {image} ... ...

XAU Feb20 H4 London 6am

- no sign of a good rejection candle

- what's next? perhaps a bullish thrust candle will do the job for me to add-on another buy position to my open basket

Attached Image (click to enlarge)
Click to Enlarge Name: XAU Feb20 H4 London 6am 20-2-2024 2-03-41 pm.png Size: 19 KB



...
Honesty is a very expensive gift. You wont find it in cheap people.WBuffett
  • #964
  • Feb 19, 2024 10:36pm Feb 19, 2024 10:36pm
Right now, I'm in a trade and tensions are high. The stop loss is set at 15 pips and it's below the H4 resistance level. Will it hit TP or SL? Only time will tell.
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  • #965
  • Feb 19, 2024 11:22pm Feb 19, 2024 11:22pm
Quoting tommydoginti
{quote} With NY on holiday today, the volatility is expected to be low. From statistics price tends to “slide” slowly in existing trend and break-reject for the first impulse move. It is more often in Monday morning (Asian “dead zone” as of Island’s term) We hear about this in many terms, liquidity grab, trap, etc. that is what many people believe the market is taking liquidity to move.
Despite the volatility being low for US holiday, price retested the support zone with rejection wick candles at Asian market open, forming setups for this strategy to enter

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  • #966
  • Feb 19, 2024 11:35pm Feb 19, 2024 11:35pm
Quoting Inthebox
{quote} long continuation. this may be it. {image}
asia session gold buy done.
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ITB - Seeing Orderliness amongst 'Randomness'
  • #967
  • Feb 19, 2024 11:39pm Feb 19, 2024 11:39pm
Was pondering how price would react to the H4 resistance above. Ultimately, I decided to exit the trade with a satisfying profit of 2R, which had me sweating. As I continue to grasp the system, I think I'll take a breather and watch from the sidelines.
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  • #968
  • Feb 19, 2024 11:41pm Feb 19, 2024 11:41pm
Quoting Inthebox
{quote} asia session gold buy done. {image}
Good trade.

What I like about this is it was also a very straightforward QM pattern. Your knowledge sharing resonates with the current method.
  • #969
  • Feb 20, 2024 12:07am Feb 20, 2024 12:07am
Quoting emmanuel7788
{quote} XAU Feb20 H4 London 6am - no sign of a good rejection candle - what's next? perhaps a bullish thrust candle will do the job for me to add-on another buy position to my open basket {image}
Attached Image (click to enlarge)
Click to Enlarge Name: XAU Feb20 H4 London 6am 20-2-2024 2-03-41 pm.png Size: 19 KB



...
XAU Feb20 H4 London 8am UPDATE:

- the last H4 candle was nice thrust candle

- added one more position to the basket with 3 positions protected with locked-in profits.

Attached Image (click to enlarge)
Click to Enlarge Name: XAU Feb20 H4 London 8am 20-2-2024 4-03-07 pm.png Size: 24 KB




...
Honesty is a very expensive gift. You wont find it in cheap people.WBuffett
  • #970
  • Feb 20, 2024 3:16pm Feb 20, 2024 3:16pm
Quoting lolxhaha
{quote} A primer on ADR for those who are not familiar with it, yes you can use an indicator to do this for you but I think it is helpful to understand how it works. With that you will also gain an understanding of what tweaking the parameters does. Daily Range = Daily High - Daily Low X Day ADR = Sum of previous X days daily ranges / X 10 day ADR = Sum of previous 10 days daily ranges / 10 SMA vs EMA: Simple Moving Average (SMA): Means that if your ADR has a period of ten days, each day contributes an equal weightage (10%) in the ADR calculation...
Thank you so much for this decent primer. It's so much clearer to me now!
  • #971
  • Feb 20, 2024 3:30pm Feb 20, 2024 3:30pm
Quoting tommydoginti
{quote} Despite the volatility being low for US holiday, price retested the support zone with rejection wick candles at Asian market open, forming setups for this strategy to enter {image}
AU entry setup at market open.

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  • #972
  • Feb 20, 2024 4:45pm Feb 20, 2024 4:45pm
Quoting emmanuel7788
{quote} XAU Feb20 H4 London 8am UPDATE: - the last H4 candle was nice thrust candle - added one more position to the basket with 3 positions protected with locked-in profits. {image} ...

Attached Image (click to enlarge)
Click to Enlarge Name: XAU Feb20 H4 London 8am 20-2-2024 4-03-07 pm.png Size: 24 KB




{image}

another brand new day ...

XAU Feb21 H4

- 4Hr SnR new level for today' hunt

- will be looking at LTF H1 and M15 for that setup with very small stop loss


Attached Image (click to enlarge)
Click to Enlarge Name: XAU Feb21 H4 SnR 21-2-2024 8-41-30 am.png Size: 24 KB




...
Honesty is a very expensive gift. You wont find it in cheap people.WBuffett
  • #973
  • Feb 20, 2024 7:03pm Feb 20, 2024 7:03pm
mtf trading.
will the ltf follow through with the same sr pattern as h4?
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ITB - Seeing Orderliness amongst 'Randomness'
  • #974
  • Feb 20, 2024 7:17pm Feb 20, 2024 7:17pm
Quoting Inthebox
mtf trading. will the ltf follow through with the same sr pattern as h4? {image}
I will jump in if there is a break of support in LTF.
Success = Practice + Patience + Persistence
  • #975
  • Edited 8:00pm Feb 20, 2024 7:32pm | Edited 8:00pm
Quoting fxpider
{quote} I will jump in if there is a break of support in LTF.
the problem is the lower the time frames you go, the more risky it is.
like for example m1, probably need around 2-3 or more failed attempts to be successful.
on the other hand, after 3 attempts, the price just go up up up.
while 2-3 time frames up like the m30 may not present a sell set up at all.

that is where the good experienced traders will be differentiated from the normal ones.
all boils down to each his own experience. how well he knows the instruments that he is trading.

update with chart.
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ITB - Seeing Orderliness amongst 'Randomness'
  • #976
  • Feb 20, 2024 8:12pm Feb 20, 2024 8:12pm
be aware that there is a higher h4 level above. also the daily highs.
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ITB - Seeing Orderliness amongst 'Randomness'
  • #977
  • Feb 20, 2024 8:51pm Feb 20, 2024 8:51pm
Quoting Apanche
{quote} Thank you so much for this decent primer. It's so much clearer to me now!
You are most welcome
  • #978
  • Feb 20, 2024 9:11pm Feb 20, 2024 9:11pm
Quoting Islandfx911
Hi Traders, Entering trades when no rejection has occurred. {image}
post #698 above must have kept some of you wondering ... how to trade when there is no rejection candle?

> there are times when there is an impulse 'wave' and the pull-back did not retrun to a SnR and provide a rejection candle

> what type of price action setups are there to take a trade without a rejection candle?

> 'shadow trading'

...
Honesty is a very expensive gift. You wont find it in cheap people.WBuffett
  • #979
  • Feb 20, 2024 9:15pm Feb 20, 2024 9:15pm
Quoting emmanuel7788
{quote} another brand new day ... XAU Feb21 H4 - 4Hr SnR new level for today' hunt - will be looking at LTF H1 and M15 for that setup with very small stop loss {image} ...

Attached Image (click to enlarge)
Click to Enlarge Name: XAU Feb21 H4 SnR 21-2-2024 8-41-30 am.png Size: 24 KB




{image}

XAU Feb21 H4 UPDATE:

- there was a pull-back and it did not reach the last H4 SnR level

- is this a case of what is also known as "missed SnR" ?


Attached Image (click to enlarge)
Click to Enlarge Name: XAU Feb21 H4 missed SnR 21-2-2024 12-47-10 pm.png Size: 22 KB






...
Honesty is a very expensive gift. You wont find it in cheap people.WBuffett
  • #980
  • Feb 20, 2024 10:10pm Feb 20, 2024 10:10pm
i am sure that there are traders busy clicking away selling. hit SL and hit SL and hit SL. unless you had hold on to it.
why?
i mentioned before that you have to digest the first 22 posts diligently.
there are only 5 relevant posts from the OP out of which there are 3 salient points to pick out.
were they being digested properly?
those who lost selling had missed out on one of the points.
trade when market opens, unless you can read the market very well and very patient.
ITB - Seeing Orderliness amongst 'Randomness'
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