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  • #181
  • Aug 31, 2011 1:11am Aug 31, 2011 1:11am
Waiting for reaction...
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  • #182
  • Aug 31, 2011 1:38am Aug 31, 2011 1:38am
Quoting Ultimatus
OK I've been playing around with m5 now for about 4 weeks, only a short space of time but I am doing much better than I ever did watching h1/h4 levels, plus more trades = faster learning.

What I'm finding is, on m5 I tend to do better if I trade purely within m5 supply and demand zones and think less about the higher time frames. I tend to get burned when I think price is hitting a big zone, then I jump on an engulfing only to see the trend continue down and blast through the level. If I ignore the HTF levels, I would just ride the trend until...
I'm wondering how to balance this also, often watching the 1h and 4h totally helps when trading off the low time frames but sometimes I get faked out. Very interested in your approach with this Kenny...
  • #183
  • Aug 31, 2011 2:58am Aug 31, 2011 2:58am
i guess orbital have already told to watch h4 and higher time frames before scalping ...




Quoting happyhappy
I'm wondering how to balance this also, often watching the 1h and 4h totally helps when trading off the low time frames but sometimes I get faked out. Very interested in your approach with this Kenny...
Trading is all about probability, low risk/high reward ,buy low/sell high
  • #184
  • Aug 31, 2011 6:22am Aug 31, 2011 6:22am
waiting for supply zone...
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  • #185
  • Aug 31, 2011 6:31am Aug 31, 2011 6:31am
its near higher time frame demand level , and EG at supply level with euro also at supply level clearly stating euro would be the best pair to trade from that level ..Try scalping euro than cable ....




Quoting xman
waiting for supply zone...
Trading is all about probability, low risk/high reward ,buy low/sell high
  • #186
  • Aug 31, 2011 2:34pm Aug 31, 2011 2:34pm
Now adjusting stop, +144 pips.

Thank you Red ( & Ifmyante ).




___________
michael
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Be like water.
  • #187
  • Aug 31, 2011 2:53pm Aug 31, 2011 2:53pm
Quoting msmarple
Now adjusting stop, +144 pips.

Thank you Red ( & Ifmyante ).




___________
michael
V nice M.

If you can only break into that pole (the top for which should try to hold price up) you'll get a lovely run out of that.

But do try to take something off the table there

Best

If
  • #188
  • Aug 31, 2011 3:12pm Aug 31, 2011 3:12pm
Quoting Ifmyante
V nice M.

If you can only break into that pole (the top for which should try to hold price up) you'll get a lovely run out of that.

But do try to take something off the table there

Best

If
Thanks If, your charts opened a whole range of new possibilities for me.....all the knowledge of you guys, but not so many trades for me lower than 1h.

Most grateful-

And of course thank you to Orbital for his recent charts posted.

Closing chfjpy 1h some profits now. NZD Daily tendency bullish but no trade yet before Friday.

Many pips to all.



____________
michael
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Be like water.
  • #189
  • Aug 31, 2011 3:40pm Aug 31, 2011 3:40pm
This timeframe really suits you right now, Michael


I guarantee that the TFs will be dropping down and down, once you look into them and see they're all the same, and what you've learned can be transferred
  • #190
  • Aug 31, 2011 9:41pm Aug 31, 2011 9:41pm
Hi infy

very much thanks for teaching me and showing all your charts .. I am amazed to see it works in our local share chart too . The chart is of airtel and its working in stocks too

My results are getting awesome day by day ....Still holding the euro from 498 fall to 326 target ....
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Trading is all about probability, low risk/high reward ,buy low/sell high
  • #191
  • Sep 1, 2011 2:09am Sep 1, 2011 2:09am
Wow , am really impressed . Today i made 176 pips . Waited two days on euro for this target to be reached . Just risked 30 pips on it to make this .. really a happy day ..Thanks infy for teaching me



Quoting mangalesh
Took this today morning and still its running for the target below 326
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Trading is all about probability, low risk/high reward ,buy low/sell high
  • #192
  • Sep 1, 2011 2:26am Sep 1, 2011 2:26am
Took ej trade at morning closed partial for +40 pips running remanining for 4hr demand level
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Trading is all about probability, low risk/high reward ,buy low/sell high
  • #193
  • Sep 1, 2011 3:20am Sep 1, 2011 3:20am
I'm seriously glad you're starting to take this in your stride.

You'll now be amazed at how smooth the transition from fear to hope to expectation to relative nonchalance.

Keep it up Mate
  • #194
  • Sep 1, 2011 3:36am Sep 1, 2011 3:36am
Thanks for all the pointers guys. I have a bit more reading to do, then I will try a few charts for you to rip to pieces.
  • #195
  • Sep 1, 2011 7:13am Sep 1, 2011 7:13am
OK, are we looking for candle patterns in the area of the yellow line to decide whether price will move upto or down to the blue box?

What about where I've drawn the boxes? The yellow line was drawn previously and has nothing to do with PIE.
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  • #196
  • Sep 1, 2011 7:26am Sep 1, 2011 7:26am
That's it. Your yellow line can be a box too. Watch PA at critical zones.

Quoting Intel
OK, are we looking for candle patterns in the area of the yellow line to decide whether price will move upto or down to the blue box?

What about where I've drawn the boxes? The yellow line was drawn previously and has nothing to do with PIE.
Hello.
  • #197
  • Sep 1, 2011 7:27am Sep 1, 2011 7:27am
Friends are here to make you laugh. I have some very good friends. Luckily for me, it happens they are traders too
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Hello.
  • #198
  • Edited 8:33am Sep 1, 2011 8:20am | Edited 8:33am
Quote
are we looking for candle patterns in the area of the yellow line to decide whether price will move upto or down to the blue box?
This is where MTF analysis helps in my trading. For example, if price is between two major H4 or Daily levels, I'll try to identify a trend on H1 and trade that to or from the (H4/D1) levels using M5-M30 zones/PA. If there's no trend on the H1 I'll just look for the strongest zones that aren't into larger zones.

Once price reaches a H4/D1 zone I'll not trade into it, but will look for new smaller TF zones to be created or possibly look for H1 PA.

So in context of your question regarding the yellow line, you could use smaller TFs to trade to or from the larger TF zones.

Hope this makes sense, everyone is different. Emene worded it beautifully "Watch PA at critical zones"

Quote
What about where I've drawn the boxes?
The upper one is cool, but the lower one I would draw using a higher TF
  • #199
  • Sep 1, 2011 8:25am Sep 1, 2011 8:25am
Quoting emene
Friends are here to make you laugh. I have some very good friends. Luckily for me, it happens they are traders too
I swear I said almost the same thing last night to my woman, I'm dead serious (regarding pizza)
  • #200
  • Sep 1, 2011 8:46am Sep 1, 2011 8:46am
Quoting mangalesh
Took ej trade at morning closed partial for +40 pips running remanining for 4hr demand level
Bro I just wanted to say that you have come so far, I'm really impressed and happy to see your progress
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