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  • #1,221
  • Mar 5, 2024 3:36am Mar 5, 2024 3:36am
Quoting Inthebox
{quote} update {image}
Very precise as usual,

just wondering, about the criteria for your entry candles. Shouldn't it be the blue rejection candle, well, according to this thread?
Success = Practice + Patience + Persistence
  • #1,222
  • Mar 5, 2024 3:40am Mar 5, 2024 3:40am
Quoting fxpider
{quote} Very precise as usual, just wondering, about the criteria for your entry candles. Shouldn't it be the blue rejection candle, well, according to this thread?
It is the blue candles, the arrows are pointed at the point of entries.
  • #1,223
  • Mar 5, 2024 5:09am Mar 5, 2024 5:09am
Quoting fxpider
{quote} Very precise as usual, just wondering, about the criteria for your entry candles. Shouldn't it be the blue rejection candle, well, according to this thread?
i would say according to your own experience that make you comfortable.
the blue candle for entry will do.
or if more confirmation needed, just move down one time frame to see a red candle.
ITB - Seeing Orderliness amongst 'Randomness'
  • #1,224
  • Mar 5, 2024 5:16am Mar 5, 2024 5:16am
Quoting Inthebox
{quote} update {image}
now there are obstacles.
a big blue candle bounced up from h4 support.
well as usual let the markets open or news show the way.
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ITB - Seeing Orderliness amongst 'Randomness'
  • #1,225
  • Mar 5, 2024 7:03am Mar 5, 2024 7:03am
let's see and observe.
target is previous day high.
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ITB - Seeing Orderliness amongst 'Randomness'
  • #1,226
  • Mar 5, 2024 7:17am Mar 5, 2024 7:17am
Quoting Inthebox
let's see and observe. target is previous day high. {image}
this picture support is breakout
  • #1,227
  • Mar 5, 2024 7:39am Mar 5, 2024 7:39am
Quoting majidmas
{quote} this picture support is breakout
m15 resistant breakout with pullback, plus h4 support.
ITB - Seeing Orderliness amongst 'Randomness'
  • #1,228
  • Mar 5, 2024 8:31am Mar 5, 2024 8:31am
Quoting Inthebox
let's see and observe. target is previous day high. {image}
encountering obstacle, one can take partial profit and put balance to BE.
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ITB - Seeing Orderliness amongst 'Randomness'
  • #1,229
  • Mar 5, 2024 9:10am Mar 5, 2024 9:10am
Quoting Inthebox
{quote} encountering obstacle, one can take partial profit and put balance to BE. {image}
result
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ITB - Seeing Orderliness amongst 'Randomness'
  • #1,230
  • Mar 5, 2024 9:30am Mar 5, 2024 9:30am
Quoting Inthebox
{quote} result {image}
you are great man
  • #1,231
  • Mar 5, 2024 9:44am Mar 5, 2024 9:44am
Quoting majidmas
{quote} you are great man
no, i am not great.
the answer is simple.
i am probably better than 80% of traders in having the patience, discipline and consistency in following the rules.
https://www.forexfactory.com/thread/...1#post14778521
ITB - Seeing Orderliness amongst 'Randomness'
  • #1,232
  • Mar 5, 2024 9:45am Mar 5, 2024 9:45am
Didn't see many opportunities live across AU,GU EJ and EU today.

Took one trade on AU at start of NY session but SL hit. There was a reversal shortly after but didn't think it was right as had passed my zone - perhaps my zone was marginally out which cost me. would welcome anyone else's view of the the zones they marked out for this period.

Took another on EJ for 4.5R, Went short during the London session and rode down to 4hr resistance level. Should have left run for 7.5R easily.

Saw your trade emerge ITB however it was outside the 90min window for me - looks like a great yield.

Think I'm up since starting this which feels good but trades still come with limited confidence.
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  • #1,233
  • Mar 5, 2024 11:37am Mar 5, 2024 11:37am
Hey everyone,
Took a couple losses during London session this morning (-2R). During NY session I didn't see anything I like, but later noticed a nice setup in AUDUSD and took +7R. Overall +5R today
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  • #1,234
  • Edited 3:08pm Mar 5, 2024 12:09pm | Edited 3:08pm
Quoting Inthebox
{quote} if you were looking for a sell, there was no valid m30 sell set up. you were using a h4 and m30 combo. you had drawn a h4 resistant but the m30 did not form any 123 sell during london open. your 123 was very far apart. your point 1 was from 2 days ago. your focus should be watching whether the current market price form a 123 during market open. same thing for new york open. see the 123 is current for entry time frame, not formed far far away from the past. {image} {image}
Thank you Inthebox this is very helpful.
Post 884 and 152 for example show “bigger 123s” (15m or 30m TF) where the 123 has taken a day or two to form so point 3 happening around market open rather than a 123 forming at current market price (then there are 123s on the daily or 4h timeframe, post 133, 179).
I guess my question is what is the rule for this within the system or is it a question of experience / choice
  • #1,235
  • Mar 5, 2024 12:53pm Mar 5, 2024 12:53pm
Quoting Inthebox
{quote} no, i am not great. the answer is simple. i am probably better than 80% of traders in having the patience, discipline and consistency in following the rules. https://www.forexfactory.com/thread/...1#post14778521
I have a question Do you choose the resistance or support level in the high time and wait for the price to reach that level and break that level? For example, if you determine the resistance level in the 4-hour level and wait for the price to reach the 4-hour level and close the 4-hour candle?
  • #1,236
  • Edited 8:54pm Mar 5, 2024 8:12pm | Edited 8:54pm
Quoting Mellifluous
{quote} Thank you Inthebox this is very helpful. Post 884 and 152 for example show “bigger 123s” (15m or 30m TF) where the 123 has taken a day or two to form so point 3 happening around market open rather than a 123 forming at current market price (then there are 123s on the daily or 4h timeframe, post 133, 179). I guess my question is what is the rule for this within the system or is it a question of experience / choice
do your own back test to find out which suits your eyes more.
if it took a day or two for lower time frame to form, then one should be able to see it from a higher time frame.
would you rather to have a price level coming from lower time frame or a higher one?

i read the rule as per https://www.forexfactory.com/thread/...1#post14778521
i reckon making a decision from only one time frame would not be a strong one.
it has to come from 2 time frames.
one higher, one lower.
the higher giving the price level and direction, the lower narrowing it down for a trade entry.
see the image in the next post.
ITB - Seeing Orderliness amongst 'Randomness'
  • #1,237
  • Edited 8:56pm Mar 5, 2024 8:43pm | Edited 8:56pm
Quoting majidmas
{quote} I have a question Do you choose the resistance or support level in the high time and wait for the price to reach that level and break that level? For example, if you determine the resistance level in the 4-hour level and wait for the price to reach the 4-hour level and close the 4-hour candle?
when price pullback to a SR level in higher time frame, switch to lower time frame to narrow down for a trade entry.
you do not have to wait for the h4 candle close when the 3 conditions are fulfilled.
hope the following image can answer your query.
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ITB - Seeing Orderliness amongst 'Randomness'
  • #1,238
  • Mar 5, 2024 9:02pm Mar 5, 2024 9:02pm
Quoting Inthebox
{quote} when price pullback to a SR level in higher time frame, switch to lower time frame to narrow down for a trade entry. you do not have to wait for the h4 candle close when the 3 conditions are fulfilled. hope the following image can answer your query. {image}
Hi Traders,
Here is a trade I took this morning as per this post. Unfortunately I was to eager to put trade into profit.
Started with 1hr line chart and moved down the time frame to get entry.
Attached Image (click to enlarge)
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Your trade order needs to be in the right place at the right time.
  • #1,239
  • Mar 5, 2024 9:11pm Mar 5, 2024 9:11pm
Quoting Islandfx911
{quote} Hi Traders, Here is a trade I took this morning as per this post. Unfortunately I was to eager to put trade into profit. Started with 1hr line chart and moved down the time frame to get entry. {image}
when gbpaud, euraud move, they really move with aud gdp news.
ITB - Seeing Orderliness amongst 'Randomness'
  • #1,240
  • Mar 5, 2024 9:17pm Mar 5, 2024 9:17pm
Quoting Inthebox
{quote} when gbpaud, euraud move, they really move with aud gdp news.
These two pairs are immune to sessions and can be traded all day around.
Success = Practice + Patience + Persistence
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