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  • #1,561
  • Edited 2:51pm Apr 10, 2024 11:53am | Edited 2:51pm
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File Type: txt Breakout Probability.txt   8 KB | 402 downloads
  • #1,562
  • Apr 10, 2024 8:16pm Apr 10, 2024 8:16pm
For early birds, USD/JPY is moving
No one cares about your efforts, only the results
  • #1,563
  • Apr 10, 2024 8:39pm Apr 10, 2024 8:39pm
Hi People
Quick question after watching that massive move last night just after NY open is it possible to set limit and stop buy sell orders either side of price to catch the move either way,and if not can you explain why ty
Cl76
  • #1,564
  • Apr 10, 2024 8:40pm Apr 10, 2024 8:40pm
Quoting PatrickAung
For early birds, USD/JPY is moving
Early Birds and Night Owls


US CPI data release was good to many DownUnder night owl traders catching the 4Hr narrow range consolidation breakout ...

Attached Image (click to enlarge)
Click to Enlarge Name: UJ 4Hr breakout 11-4-2024 9-34-52 am.png Size: 27 KB



...
Honesty is a very expensive gift. You wont find it in cheap people.WBuffett
  • #1,565
  • Apr 10, 2024 9:09pm Apr 10, 2024 9:09pm
Quoting emmanuel7788
{quote} Early Birds and Night Owls US CPI data release was good to many DownUnder night owl traders catching the 4Hr narrow range consolidation breakout ... {image} ...
nice catch I missed this move
No one cares about your efforts, only the results
  • #1,566
  • Apr 11, 2024 1:46am Apr 11, 2024 1:46am
Quoting emmanuel7788
AJ Apr10 M30 Support and Resistance Tokyo 11am - there are no Weekly and Daily SnR where price is now - more focus on the H4 and H1 SnR levels - today would be to pick a setup with small SL 10pips maximum - can be a deep correction today for possible sell trade - otherwise take only the buy setups {image} ...

AJ Apr11 H1 Frankfurt Open

- yesterday' correction was far deeper than I though it would,

- today' setup at FO when price break above Asian high

- I follow the Daily and Weekly, with SL ~16pips

- just be careful in case it turns around during the London session after Tokyo Close

Attached Image (click to enlarge)
Click to Enlarge Name: AJ Apr11 H1 FO EP SL TP 11-4-2024 2-41-21 pm.png Size: 27 KB





...
Honesty is a very expensive gift. You wont find it in cheap people.WBuffett
  • #1,567
  • Apr 11, 2024 2:39am Apr 11, 2024 2:39am
Quoting emmanuel7788
{quote} AJ Apr11 H1 Frankfurt Open - yesterday' correction was far deeper than I though it would, - today' setup at FO when price break above Asian high - I follow the Daily and Weekly, with SL ~16pips - just be careful in case it turns around during the London session after Tokyo Close {image} ...
Can you please let me know why are you buying?
Is that for short/long term buy?
  • #1,568
  • Apr 11, 2024 3:00am Apr 11, 2024 3:00am
Quoting craigl76
Hi People Quick question after watching that massive move last night just after NY open is it possible to set limit and stop buy sell orders either side of price to catch the move either way,and if not can you explain why ty Cl76
Two reasons you can’t.

1. Slippage - The loss on the losing trade will be far more than the size of your stop. I know someone that had a three point stop in place once and got stopped out at minus 60 so a potential 20R loss on a single trade.

2. Whipsaw - After big news releases it’s not uncommon for price to move violently in one direction before moving in the other so there’s potential to be stopped out in both directions.

Best to avoid the big red flag news events, it’s gambling.
  • #1,569
  • Apr 11, 2024 3:03am Apr 11, 2024 3:03am
Quoting Merka
{quote} Can you please let me know why are you buying? Is that for short/long term buy?

I see the Market Type conditions:-
- Weekly is Sideways Wide Range but bullish
- Daily was correction with US CPI data release
- H4 is in consolidation after the CPI data release

- I see Daily SnR and the test of the Daily SnR with a Price Action setup close above Asian morning high

Attached Image (click to enlarge)
Click to Enlarge Name: AJ Apr 11 Daily SnR 11-4-2024 3-52-16 pm.png Size: 31 KB




...
Honesty is a very expensive gift. You wont find it in cheap people.WBuffett
  • #1,570
  • Apr 11, 2024 8:00pm Apr 11, 2024 8:00pm
Hi ! just want to ask is this snr and breakout retest to enter? im using this for a while with confirmation entry like candle pattern e.g engulfing, shooting star etc
  • #1,571
  • Apr 11, 2024 9:45pm Apr 11, 2024 9:45pm
Quoting tapikotakupe
Hi ! just want to ask is this snr and breakout retest to enter? im using this for a while with confirmation entry like candle pattern e.g engulfing, shooting star etc

Here is an example of a Price Action setup candle ... H1 Piercing Candle at a recent H4 SnR

AJ Apr 12 Tokyo 11am

- SL ~13pips

- risk ... low liquidity until after Tokyo sushi time and Frankfurt Open today

Attached Image (click to enlarge)
Click to Enlarge Name: AJ Apr12 H1 TOK1100 piercing candle 12-4-2024 10-42-48 am.png Size: 27 KB



...
Honesty is a very expensive gift. You wont find it in cheap people.WBuffett
  • #1,572
  • Apr 14, 2024 6:34am Apr 14, 2024 6:34am
Quoting emmanuel7788
GU Apr10 M30 London Open - watching for the setup with small SL 10pips ... {image}
Hey, can you share the tool that you're using to monitor multiple time frames on one screen like in this example?
  • #1,573
  • Apr 14, 2024 7:14am Apr 14, 2024 7:14am
Quoting Evaldas321
{quote} Hey, can you share the tool that you're using to monitor multiple time frames on one screen like in this example?

You can try this by @FerruFX
https://www.forexfactory.com/thread/...ard-indicators

I set the MA to show Line chart. It show the MA with candlesticks.

There are many options with alerts which can be useful too.

Attached Image (click to enlarge)
Click to Enlarge Name: UJ FerruFX MA Line 14-4-2024 8-10-16 pm.png Size: 24 KB




...
Honesty is a very expensive gift. You wont find it in cheap people.WBuffett
  • #1,574
  • Apr 14, 2024 5:52pm Apr 14, 2024 5:52pm
Quoting emmanuel7788
{quote} I see the Market Type conditions:- - Weekly is Sideways Wide Range but bullish - Daily was correction with US CPI data release - H4 is in consolidation after the CPI data release - I see Daily SnR and the test of the Daily SnR with a Price Action setup close above Asian morning high {image} ...
could t find the indicator that shows multi time frame like yours.care to share? That tp targets are good tok.
  • #1,575
  • Apr 14, 2024 6:23pm Apr 14, 2024 6:23pm
Quoting vinesh1
{quote} could t find the indicator that shows multi time frame like yours.care to share? That tp targets are good tok.
Go to his Profile, click on Files at Forum Attachments, it's there, I think it is the Pipware charts

https://www.forexfactory.com/search?searchid=52084347

https://www.forexfactory.com/thread/...1#post14371281

Good Luck
It takes a lot for me to IGNORE you, but you can try.
  • #1,576
  • Apr 14, 2024 6:44pm Apr 14, 2024 6:44pm
My view on AUD/CAD this morning, may be or maybe not after all we are fighting with probabilities
Attached Image (click to enlarge)
Click to Enlarge Name: IMG_20240415_061015.jpg Size: 3.6 MB
No one cares about your efforts, only the results
  • #1,577
  • Apr 14, 2024 8:21pm Apr 14, 2024 8:21pm
Quoting PatrickAung
My view on AUD/CAD this morning, may be or maybe not after all we are fighting with probabilities {image}
for the commodities sensitive pairs - AUD, CAD and NZD and their crosses,
better wait for the London markets to open
Honesty is a very expensive gift. You wont find it in cheap people.WBuffett
  • #1,578
  • Apr 14, 2024 8:26pm Apr 14, 2024 8:26pm
Thanks bro
No one cares about your efforts, only the results
  • #1,579
  • Apr 14, 2024 9:14pm Apr 14, 2024 9:14pm
Quoting emmanuel7788
{quote} for the commodities sensitive pairs - AUD, CAD and NZD and their crosses, better wait for the London markets to open

AUDCAD Apr15 Daily SnR levels

- buy resistance above


Attached Image (click to enlarge)
Click to Enlarge Name: AC Apr15 Daily SnR 15-4-2024 10-12-09 am.png Size: 22 KB



H1 setup with Inside Bar breakout


Attached Image (click to enlarge)
Click to Enlarge Name: AC Apr15 H1 IB breakout 15-4-2024 10-06-16 am.png Size: 28 KB


...
Honesty is a very expensive gift. You wont find it in cheap people.WBuffett
  • #1,580
  • Apr 15, 2024 4:02am Apr 15, 2024 4:02am
Quoting emmanuel7788
{quote} AUDCAD Apr15 Daily SnR levels - buy resistance above {image} H1 setup with Inside Bar breakout {image} ...

AUDCAD Apr15 4-hour

- now is the time to look for LTF sell with small stop loss

Attached Image (click to enlarge)
Click to Enlarge Name: AC Apr15 H4 15-4-2024 5-00-43 pm.png Size: 25 KB


...
Honesty is a very expensive gift. You wont find it in cheap people.WBuffett
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Evaldas321