Assassin of Price

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Here was a gold trade i took. so why i took it?

when price turns, that level IS immediately that current support. i saw the way price moved, and bought gold ,due to the stalling at that level and finally a nice rejection. i took profits at the old resistance.

its about watching momentum, and momentum dying out and momentum change for me in price action.

also always look to the left, and trade the right - Kennyz

one of my favorite quotes

lets talk the cycles i use. what are cycles?

events that happen not as a coincidence but as a reason. water has a cycle, the human emotion has a cycle, so does most traders have a cycle in their trading life.

so how to make cycles the way i do? take ur cycle lines tool and find a swing point (pullback or complete reversal point doesnt matter, as long as u find significance in the point) and then double click on the tool to measure the bar length when u drag thats the number on the left.

here is a cycle i have accompanied with a square on silver 30 minute chart. i basically dragged 45 periods from a swing point and the lines keep making themselves after 45 bars in that timeframe. they are indications of possible, not always swing points in the future. i suggest using price action and other technical confluences to take a trade on a cycle line. the important thing is that price and time meet - JR97.

that is cycle trading for u, price and time MUST meet for u to have a succesful trade. what does that mean? say 50% retracement of uptrend and u see that ur cycle line is on that bar. u see price action momentum telling u to go long. then go long.

about the square, its a nice way to gauge support and resistances and the intersections of the lines are important as they are possible points of swings as well. the red lines are 45 degree angles in which are one of the most powerful angles of support and resistance and determines the sentiment of the market in the square. below means bearish, up means bulish for a bullish angle, vice versa for a bearish angle.
if u have questiosn ask on my other thred for help

Subscribed.

I will follow your thread Buma.

I really appreciate that you describe your analysis and thoughts for your entry. It's a good point for newbies and less newbies traders to have this explanation .

with cycles try out different numbers liek numbers of last swing low to swing bars time, or 45 bars, or 30 bars, or 12 bars. try 9 even.

so why the preset numbers? natrual harmonic in tiem and price.

45 is that angle i talked about earlier about 'sentiment' of the market. 45 is an eighth of a circle and adds up to 360 as a full circle. geometrics are one of the way to explain that price moves in a circle.
30 why? 30 days in a month, 30 is the time the moon takes on revolution and etc. adds to 360.

12? 12 disciples. 12 months. 12 houses in the sky. 12 zodiac signs. adds to 360.

9? 9 is the basis of 45, and many numbers. considered lucky, but thats not the point. the point is that they all meet at 360.

therefore they all make a 'circle' (the way i see it) and makes a cycle geometrically.


here is differet results on same gbpusd 4 hour chart just with different periods.

9 periods

12 periods


30 periods


45 periods


same points i use btw
as i said before, all timeframes works, but higher ones reap u larger results. the point is to see how price enters the cycle and see if u should take the trade or not as a 'swing' trade.

i suggest not taking hte trade just because bar is on cycle line. watch price action to help you out. if ure bored, and no cycles come to play, scalp intraday.




with the 45 periods or larger numbers, try using multiple points and cycle lines using the same periods number to get multi-cycle chart. try to stick to one cycle chart per timeframe dont kill urself and get overwhelemed because of using ALL those numbers above as part of ur cycle study

remember always have a stop loss to rescue u if u are wrong!

wow thats fast 1 subscriber already great bouba tahnks so much, dont hesitate to post your price action trades taken as well and i always love the way u explain ur trades as well.

thanks for the nice words too

Subscribed price action master

Hi Buma,
wow a new trading journal.
Congrats

I guess this thread will gain succeed like the predecessor.

Buma may I know what time frame do you trade with ?
and what pair do you trade ?

hey dJ shan
i trade price. thats what i trade. ok seriously 5 minute chart to me gives me the signal to trade even a daily level or a monthly level.

pairs? anything with a nice spread. oil, eurusd, gbp, gold, dow, etc.

another trader, im not master yet and probably never will be. ill always continue to learn even with you guys arond to help me as well


tahnks you for subcsribing

Good thinking B....

EUUD 5 min short this at 3260... stop now also at this point.. position taken based on price action,, lower d top wit pin bars and shape of falling Mov avs.. also monotoring DXY 10 min chart with day and week pivots as sign posts..

im more of a PA trader than a PPA trader. a ppa trader will make most decisions of past price action. he will set limits on supply demand and support resistance alike.

i honestly dont care much about a level unless it is respected by CURRENT price action.

thsi is a 30 minute eu demand zone in the left but i still sold. why? i can tell momentum is with sellers, and they dont seem to 'die out' yet.

old support is tested with two dojis i can tell buyers are not really in the game and that buyers are just sellers TPing profits.

i TPed quite fast too turn of hour can create new levels and new effect on price.

great job

would be nice to see the buy/sell line though

oh yeah evreyone id like to stress the fact that i take trades at the turn of the bar. 10 seconds before close. signal should be CLOSED.

not OPEN.

most success ihave is with closed bars not open. 5 minutes is a long time. price can move a lot in 5 minutes

aussie sell. price action stalled around the support level now becomes resistance!

i had a nice doji and bear bar follo through but waited till it actually moves back and thats where i enter

target 9670 support line.

stopped out. mistake:

see the previous chart, price did not make a new low, and bulls begin power gathering, and therefore this could be a bull flag. a retracement before another bull wave.

-10.

or maybe my stop was too tight, coz price is moving down now.

Exactly Buma . Look the chart

yup

thanx bouba always great help

Channel play with momentum and demand