Mastering the Art of Trading

Quoting ghous

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This is one I am looking out for. Would prefer a 4H close above the 10.00 g. {image}

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Quoting respectosik

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hello! as for me it is reason for selling -1-2-3 pattern; -double top; -bearish engulfing at the high. sell stop below SR level very interesting in your opinion, traders! {image}

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Quoting KOS-fx

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{quote} Hey respect, It seems to be your shorting right on to the RN 0.9400 which was holding very well previously Any way it seems to be you have not read first post in full. Pl read that this thread is about how to use fake out scenario... KOS

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Quoting str8

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{quote} Are you looking for a fake out trade or is this a james16 price action trade? Aren't you worried of the traffic you're trading into? I have difficulty what areas I should pay attention to and what areas I should trade into. For example in EUR MXN 4hr after your entry there was a trouble area I would have been afraid to trade into (and the trigger bar also had a long wick). {image}

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Quoting spyderman

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{quote} Digu...simple answer. You want to buy 5 lots of Eur/Usd. Price is at 1.3580. You place a limit order at that price but no one wants to sell to you at that price. So you change to a market order. Seller "A" has 2 lots he's willing to let go at 1.3582. You're filled for 2 lots. You still have 3 on a market order. The next offer to sell is seller "B" who wants 1.3584. He has 1 lot. Because you have a market order you are filled at the next offer...1.3584. Still 2 lots to fill. Next seller "C" has 4 lots available but he wants 1.35888....

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Quoting ghous

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{quote} Hey Digu, You got a good response from Spyderman, Just to add on . . . Price rises as a result of the imbalance between buyers and sellers or demand and supply. So if there are more buyers than sellers at a particular price level its impossible to consume all that buyside liquidity by the sellers on that particular price level. As a consequence these buyers will want to look for more sellers to buy from and they must do it at a higher price. Again remember the general notion in the market is to sell high and buy low. In the light of this...

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Quoting ghous

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{quote} The traffic is part of a wedge which doesn't work the same way as your side to side support and resistance does for a consolidation box. Here the traffic is defined with trend lines. So if price closes above the resistance trend line here we can then expect it to hold as support (along with the BRN, the other support trend line, and the 150 EMA) and for price to drift into the region above. Doesn't mean the side to side minor S/R trouble areas will be totally neglected but once again it just means that price is more likely to push through...

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Quoting KOS-fx

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" The traffic is part of a wedge which doesn't work the same way as your side to side support and resistance does for a consolidation box." ghous, Pl see the chart few confluence are line up here, wedge and previous HHR fake out. So we have number of confluences here. I was about to short on light blue color line but traffic inside the wedge was the problem... So now I know how to handle situation like this.... I like to know your idea on entering trade at inside the wedge.... {image}

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Quoting str8

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{quote} Thanks for your answer. I understand better know. Do you apply fake outs to other patterns not only for LLS and HHR? Is it profitable to apply them at a PPZ if price makes a rounded return?

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Quoting Neytiri

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GBPJPY 1. weekly fakey 2. daily - price closes below the HHR and then retests the HHR 3. 4 HR - price closes below the low of the consolidation box and brn 155 Neytiri {image} {image}

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Quoting ghous

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{quote} Oooh! That is an overly delayed trade IMO. Plus notice how the 4H trigger bar you saw as being able to close under the 155 actually only just closed below with the next bar creeping back up to close above the 155. The S/R flip just underneath the 155 could well be the culprit. {image} g.

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Quoting max pain

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Great info Ghous... read all from your first post.. added the info to the forex repository in my brain and accumulated all the info at one place for the new users.. {image}

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