The System III (Oh no!)

Hello friends, in this situation, it would be correct to think about going long at the end of the current candle?
What do you think that would be the signal to go long if it closes above 1.2680, wait for a bull candle ?
thanks.

LONG !

out ...

Short !

Short !

out, I´ve a lot to learn ...

Arkan! you look like a newbie in Forex, I would suggest you to read this thread entirely and note the key points, and I'm also guiding you to keep in mind what time big moves happen, these moves happen around London open till a few hours after New York open.

Today is Friday and a big move already have happened a few hours ago, today it's done for system III. Let's come back on Monday and start trading...

Arkan!

The first what I see - you have too much levels at your chart, brother.

Look at my chart here.... The idead of your levels should be - you just point out the turning points.... Last turning points...

It means - you look for areas where the market did totally reverse... But - do not take my words by heart, ok? Just look for turning points - they create the levels.

Secondly...

Brother Arkan.... Look closely at this chart below... It is the chart of feb2865.

He did show us by this chart how we suppose to draw our levels.
We all here in this thread got the idea about turning points mostly by this first and main chart.....

Look at it closely over and over...

Hi guys, thank you very much for your answers.
I´m reading all the thread.
Then when the price reach to the last turn point, how dou you act in this moment ?
What is the signal that you wait for trade long or short ?
Sorry if I make many questions, thank you very much.

Arkan!

My friend...

To find better TURNING POINTS in the past, to see them more clear you have to zoom out the chart....

then you will see them more clear!

Look for this charts....

Chart #1 - is not so clear (at lest for me),
but chart #2 - is much better to see Turning Points. Isn't it?

Now...

you can easily draw your levels, based on turning points in the past... Ok?

Can you do the same???

But, brother, it is an example... every next moment the market will have different shapes.... So.... you have to become an expert how to look for turning points.... I am sure - you will get the idea...

... and remember - by trading this method - you trade Early Market Reversals.

You trade also Support and Resistance... but mainly - YOU TRADE SUPPLY AND DEMAND! It is the core of all markets. Just practice!

thank you very much, tomorrow i´ll start to trade.
I´ll show my trades for that the experts corrected the mistakes.
A last question , when you trace a turn point with a line, you insert in that level a order limit or wait to see how reacts the price in that level?

Example :

Hello!

Wait a minute. I will try to explain what I do....

Please, look at this chart.

Look at those areas with white ellipses...

I will continue in one minute,... wait ...

Personally I do not enter in the trade just because the price did reach the level.
I always look at such areas as I marked at previous chart.....

Look.... you have to see the intentions of the market to go up/down...

Did you experience that - when you see the market is approaching the level, you enter like contrarian (bounce off trade) just to see that the market goes still the originally direction and not reverse at the level (and you get SL)...

Did you experienced that????


Stay put - I will continue...

Look again at white ellipses....

very interesting brother !, not like to acknowledge the discomfort that you're taking .