Mastering the Art of Trading

Quoting Neytiri

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WEEKLY GBPJPY Fakeout with divergence. 1. Price makes a strong close above the HHR followed by two weeks where there is lack of momentum 2. Last week the bears have kicked in big time. The beob completely engulfs two previous bars and closes below the HHR 3. MACD divergence 4. Plenty of space I am going to enter when the market opens next week. {image}

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Quoting CaptainLush

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{quote} the blue one you marked on is possible for a good entry, but the white one I put on is too extra support from a previous HH and the RN. I personaly don't go lower the 1hr TF for entries. Here's a weekly and possible future entry. UChf is coming close to the bottom of a side ways channel that's last some 3 years. Nice pin in a nice place. I'd like to see what happens at 9100 before a possible long term buy and hold {image} I mentioned the ACad in post #983. Here's a daily pic to support what i said earlier. Break of daily pin, possible PB...

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Quoting str8

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{quote} CADCHF closed above 0.8800 RN and is running into a minor trouble area but wasn't respected so much last times. Do you think it's good to trade this pair?

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Quoting ghous

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{quote} hey Str8, Not sure which trouble area you're referring to, but I am looking at a crystal clear and conspicuous major trouble area that price is heading into. {image} g.

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Quoting str8

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{quote} That's the trouble area I'm referring. I watch the chart from right to left (and put more emphasiz on recent reaction) and while price has made a reaction at that area it didn't cause price to reverse and eventually break it last times, that's why I said it is minor.

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Quoting jgadefelth

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Hi Strange question maybe but what do you do, how mutch percent gain on account can you make a normal mounth with this method ? Best regards

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Quoting jgadefelth

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So on a year you make well over 100 percent return anyway ? Best regards

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Quoting ghous

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{quote} I would disagree with your point number 4. This one has huge spatial concerns in my book as a weekly trade. Might still be tradable with a tighter stop based on a lower TF trigger bar all the way to the top of that consolidation box, but clearly as a weekly trade you're playing with ridiculously low levels of R:R unless you want to "hope" price will blow through that consolidation box completely and easily. {image} g.

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Quoting ghous

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{quote} Hey Digu, I was actually long USD/CAD myself and then had to bail out as price showed no signs of breaking out of that consolidation box to the left. Notice how we now have implicit divergence kicking in as well, as price finds it tough to close above prior bar highs acting as minor HHR levels. {image} g.

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Quoting respectosik

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{quote} hello! These pictures are from a book? where it from?

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Quoting vickym

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USD CHF Anyone long on USD/CHF? The weekly had a fakey, I entered long on the restest of today's daily bar. TP just around the FTA {image}

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Quoting vickym

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USD CHF Anyone long on USD/CHF? The weekly had a fakey, I entered long on the restest of today's daily bar. TP just around the FTA {image}

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Quoting Neytiri

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WTF. Look at what happened in XAGUSD (Alpari). Flash crash. Nothing like this seen in charts of other brokers (LQDMetatrader, AvaMetatrader). It would be disaster for those who were long. Neytiri {image}

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Quoting ghous

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{quote} Sharp turnarounds represent carnage. Its not easy for the market to forget PPZs that host bounces like "A" and "B" (refer to chart below). I can show you as many examples as you'd like, of instances where price "seemingly forgets about the PPZ for a push through once or twice" but goes back to respecting it if it has hosted major bounces in the past. Its really about those sharp reversals and the order flow that creates them. Leaves a print that the market will not discard that easily. {image} g.

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Quoting ghous

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{quote} I would disagree with your point number 4. This one has huge spatial concerns in my book as a weekly trade. Might still be tradable with a tighter stop based on a lower TF trigger bar all the way to the top of that consolidation box, but clearly as a weekly trade you're playing with ridiculously low levels of R:R unless you want to "hope" price will blow through that consolidation box completely and easily. {image} g.

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Quoting ghous

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{quote} hey there, It of course varies from month to month. It could be anywhere from -5% to +20%. I know that's a vague answer but that's the closest I can get to answering it without letting any biases creep in. g.

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