examples for newbies. If you dont know harmonic price patterns, ignore the blue triangles.look at the supply and demand levels. see how supply demand, and price action is used. Can u see the main momentum and the impulses? can you see accumulation?
if not, ill make another webinar for the law of motion. and more sup/dem, and maybe harmonics if we have the time.
14 Year Old Forex Trader's Lessons
- #1,122
- Sep 30, 2011 3:55pm Sep 30, 2011 3:55pm
- Joined Aug 2011 | Status: Trader | 10,724 Posts
By supply level you mean resistance i suppose (as S/D are higher TF)
from your webinar when u took fiber short is sounded/felt that way u didnt care if that goes up or not .. like " uhh actually whatever ill make short scalp here lets see what happens and i will use SL this time for risk "
edit: looking your 1H fiber chart then ur entry wasnt so bad at all. i was just waiting bigger retrace thats all..
BTW if i look Daily aud/usd then it looks more likely go below 9600 level since daily candle is pretty deep and redish and even when u...
Dont expect anything of market, just predict/analyze from what os there, and act best upon it.
Here's my aussie analysis. Browse it try to make sense of it. heres my thoughts. Many thoughts contradict, so if u feel anything about this following or not follwing please mention it.
if u have no clue to trade it, then find a clue to trade. How to trade? Seriously, there is no RIGHT way to trade, but there are GOOD advice to trade. In the end its ur choice to apply or not apply advice. Ur choic e
Have I got something on my face, SOLDIER?
- #1,123
- Sep 30, 2011 3:57pm Sep 30, 2011 3:57pm
- Joined Aug 2011 | Status: Trader | 10,724 Posts
Bumpatria , nice thread , but i have one question , do you use indicator for gartleys ? Or you write it yourself ? I don't recommend using indicator gartleys , they look promising but they fail most times , beleve me its like catching a falling knife ...(I'm talking about gartleys that are made by an indicator) .
Its hand draw. I suggest if you want to practice, first know what a gartley, butterfly, bat, squished bananas, pancake blah etc... (forget the retracements they arent as important), use sup/dem, and put a zigzag indicator on ur chart. Any pair, and practice drawing triangles on them.
Once ure ready, take it off
if u would like, i could have a webinar tommorow guys for a review
Have I got something on my face, SOLDIER?
- #1,124
- Sep 30, 2011 4:04pm Sep 30, 2011 4:04pm
hi leanlowfx, i stopped using indicators, now i use bunch of lines, and paterns, price action, maarket geometry, laws of motion to trade. Indis are sooo yesterday...
Its hand draw. I suggest if you want to practice, first know what a gartley, butterfly, bat, squished bananas, pancake blah etc... (forget the retracements they arent as important), use sup/dem, and put a zigzag indicator on ur chart. Any pair, and practice drawing triangles on them.
Once ure ready, take it off
if u would like, i could have a webinar tommorow guys for a...
- #1,126
- Sep 30, 2011 4:07pm Sep 30, 2011 4:07pm
- Joined Aug 2011 | Status: Trader | 10,724 Posts
Have I got something on my face, SOLDIER?
- #1,127
- Sep 30, 2011 4:10pm Sep 30, 2011 4:10pm
- Joined Aug 2011 | Status: Trader | 10,724 Posts
i can do one now if ud like im all free right now.
Have I got something on my face, SOLDIER?
- #1,129
- Sep 30, 2011 4:13pm Sep 30, 2011 4:13pm
- Joined Aug 2011 | Status: Trader | 10,724 Posts
Have I got something on my face, SOLDIER?
- #1,131
- Sep 30, 2011 4:15pm Sep 30, 2011 4:15pm
- Joined Aug 2011 | Status: Trader | 10,724 Posts
Have I got something on my face, SOLDIER?
- #1,133
- Sep 30, 2011 4:17pm Sep 30, 2011 4:17pm
- Joined Aug 2011 | Status: Trader | 10,724 Posts
Have I got something on my face, SOLDIER?
- #1,134
- Sep 30, 2011 10:32pm Sep 30, 2011 10:32pm
- Joined Aug 2011 | Status: Trader | 10,724 Posts
momentum on the eur/usd is bearish, and honestly im getting bored shorting, shorting, shorting. 
Accumulation phase passed, and we saw that the completion is a bearish momentum. The only impulse i saw was that rising wedge/bear flag bullish pressure.
if its profit, its profit.
Well, heres the countertrend aka bull probabilities for next week.
We have a fibonacci fan + fibonacci arc to show possible retracements of the bearish momentum. We also have a possible bullish bat harmonic pattern.
I didnt draw on chart but moths back this is demand level. but pierced through whole thing lol, so if u sup/dem trader, that is not the best entry.
My prediction: what i have seen in the asian sessions is a little thieving or balancing the markets. I keep seeing euro rise (even though little) in asian session. Will wee see that again?
heres the 4h chart, strong bearish pressure. and daily ichimoku !
Accumulation phase passed, and we saw that the completion is a bearish momentum. The only impulse i saw was that rising wedge/bear flag bullish pressure. if its profit, its profit.
Well, heres the countertrend aka bull probabilities for next week.
We have a fibonacci fan + fibonacci arc to show possible retracements of the bearish momentum. We also have a possible bullish bat harmonic pattern.
I didnt draw on chart but moths back this is demand level. but pierced through whole thing lol, so if u sup/dem trader, that is not the best entry.
My prediction: what i have seen in the asian sessions is a little thieving or balancing the markets. I keep seeing euro rise (even though little) in asian session. Will wee see that again?
heres the 4h chart, strong bearish pressure. and daily ichimoku !
Have I got something on my face, SOLDIER?
- #1,135
- Sep 30, 2011 10:51pm Sep 30, 2011 10:51pm
- Joined Aug 2011 | Status: Trader | 10,724 Posts
weekly chart predictions:
Look at area of interest, look at all the key fibonacci psycho-levels at that area. 61.8% arc and fan retracement crossover there almost beautifully straight, theres the demand level on weekly, on the 1.2900 area.
wwhops did i say 1.2900? yes... lol. Thats where i predict price to fall that far.
Refer to chart, look well, then ask
ADD: fan and arcs are retracement possibilites of BULLISH movement.
look at the previous 61.8% hit.
Look at area of interest, look at all the key fibonacci psycho-levels at that area. 61.8% arc and fan retracement crossover there almost beautifully straight, theres the demand level on weekly, on the 1.2900 area.
wwhops did i say 1.2900? yes... lol. Thats where i predict price to fall that far.
Refer to chart, look well, then ask
ADD: fan and arcs are retracement possibilites of BULLISH movement.
look at the previous 61.8% hit.
Have I got something on my face, SOLDIER?
- #1,136
- Oct 1, 2011 12:56am Oct 1, 2011 12:56am
- Joined Aug 2011 | Status: Trader | 10,724 Posts
ive been doing dying studies on past charts and this is how i trade, and maybe its clearer to see the "complete picture".
Just to let you know this is how i trade, and i dont use some indicator, ea, blah, squished bananas etc. I learn, adapt, observe. what the hell is this, that, how is this connected to price here there, why price moves up, how does it move up, down side, accumulate etc.
Here is 2 complete pictures of how i trade.
These opportunities take a long time to spot, but can be used with all tf's.
this is not a solicitation for this this thread's participants to trade this way.
I just would like to share my succesfull so far (thank god) price action observation-psycho-level-trading/countertrading/law of motion strategy. lol
anyways... have a look
ADD: this is not a "lets wait for the 61.8 retracment thing" its a psychological level possible accumulation/demand supply levels, and this is USELESS AND NOT THE HOLY GRAIL!!!!!!!!!!!!!!!!!!!!!!!!!!!! THE HOLY GRAIL IS YOUR F-ING SELF!!!! THIS AINT A KICKASS SYSTEM!!! ITS THE USER THAT HAS TO BE KICKASS.
and im still progressing doing this and this suits ME. ITS PERSONALIZED. Seek and you will find - redlion said to me.
that dont mean go seek for the cheat indicator that shows future movements!!! seek the holy grail side of yourself, for you are the holy grail.
Just to let you know this is how i trade, and i dont use some indicator, ea, blah, squished bananas etc. I learn, adapt, observe. what the hell is this, that, how is this connected to price here there, why price moves up, how does it move up, down side, accumulate etc.
Here is 2 complete pictures of how i trade.
These opportunities take a long time to spot, but can be used with all tf's.
this is not a solicitation for this this thread's participants to trade this way.
I just would like to share my succesfull so far (thank god) price action observation-psycho-level-trading/countertrading/law of motion strategy. lol
anyways... have a look
ADD: this is not a "lets wait for the 61.8 retracment thing" its a psychological level possible accumulation/demand supply levels, and this is USELESS AND NOT THE HOLY GRAIL!!!!!!!!!!!!!!!!!!!!!!!!!!!! THE HOLY GRAIL IS YOUR F-ING SELF!!!! THIS AINT A KICKASS SYSTEM!!! ITS THE USER THAT HAS TO BE KICKASS.
and im still progressing doing this and this suits ME. ITS PERSONALIZED. Seek and you will find - redlion said to me.
that dont mean go seek for the cheat indicator that shows future movements!!! seek the holy grail side of yourself, for you are the holy grail.
Have I got something on my face, SOLDIER?
- #1,137
- Oct 1, 2011 3:47am Oct 1, 2011 3:47am
- | Membership Revoked | Joined Aug 2011 | 2,325 Posts
ive been doing dying studies on past charts and this is how i trade, and maybe its clearer to see the "complete picture".
Just to let you know this is how i trade, and i dont use some indicator, ea, blah, squished bananas etc. I learn, adapt, observe. what the hell is this, that, how is this connected to price here there, why price moves up, how does it move up, down side, accumulate etc.
Here is 2 complete pictures of how i trade.
These opportunities take a long time to spot, but can be used with all tf's.
this is not a solicitation...
mla
"The Heart is the hub of all dances; go there and chill out"
- #1,138
- Oct 1, 2011 3:59am Oct 1, 2011 3:59am
- Joined Aug 2011 | Status: Trader | 10,724 Posts
@Mla
they say pictures say a thousand words... uve got 5 so 5 thousand words for me.
NOW.
what were u trying to say mla?
they say pictures say a thousand words... uve got 5 so 5 thousand words for me.
NOW.
what were u trying to say mla?
Have I got something on my face, SOLDIER?
- #1,139
- Oct 1, 2011 4:05am Oct 1, 2011 4:05am
- | Membership Revoked | Joined Aug 2011 | 2,325 Posts
@Mla
they say pictures say a thousand words... uve got 5 so 5 thousand words for me.
NOW.
what were u trying to say mla?
Sorry I forgot this one.
Your humble friend
mla
"The Heart is the hub of all dances; go there and chill out"
- #1,140
- Oct 1, 2011 4:06am Oct 1, 2011 4:06am
- Joined Aug 2011 | Status: Trader | 10,724 Posts
Sorry I forgot this one.
Your humble friend
mla
haha
Have I got something on my face, SOLDIER?