Mastering the Art of Trading

Quoting msmarple

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{quote} LOL I think what Ghous is basically trying to say is that his whole method described here - in itself - wants to get in EARLIER than the usual " waiting for confirmation " - method ( i.e. the typical delayed move of the retail trader ). However, in order to do that, he points out that he is not just looking for a stop-and-reverse at the HHR or LLS, he looks at the " story " of the market structure, which looks at various factors : a) is there a trap of bulls or bears ( breakout traders who have jumped in without looking at FTA areas...

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Quoting respectosik

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Hello traders! I'm confused! was opened long position and SL above the opening of the deal. but I`m expecting selling more than buying. What do you think? {image}

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Quoting Neytiri

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Soyabean 4 hour fakeout 1. double bottom 2. price gaps below the LLS and then closes above to form a huge BUOB, fakey bar formed 3. MACD divergence Neytiri {image}

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Quoting tashkent

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{quote} why do you care what others think? they know no more than you do in regards to predicting future price.

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Quoting digu

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{quote} I am glad you have Soybean chart. Me, my meta only have not more than 30 pairs, and at daily TF, they are seldom an A+ fakeout setup appear. If I find setup like yours, as FTA is near, I will wait and buy at retrace down, near LLS, and won't buy at close BUOB. Yes price might be directly go north without retrace, and miss my buy area, but that was my best shot. Sorry

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Quoting whynotnaveen

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Hi Ghous, Thank you for sharing your knowledge and wisdom. Until now I never thought to trade or watch a exotic pair. Now I am almost having all pairs in my watch list. I have a doubt. If the bar just touches the LLS whether you consider this setup or wait for the bar to break and close above the LLS??? {image}

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Quoting whynotnaveen

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Ghous, Is this not a valid Fake Out setup? Bar pierced the HHR line and closed below it. {image}

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Quoting ghous

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{quote} That HHR won't be valid as we had price penetrate it earlier and create a new higher HHR. {image} g.

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Quoting digu

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another pairs to watch {image} {image} {image} {image} {image}

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Quoting zorrotrader

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Dear Ghous/All, As many other, I am also a long time silent follower of J16 and now this excellent thread from Ghous. Need your view on USDNZD Failed Fakeout. What could have prevented us from taking this trade. RN 0.84 ??? {image}

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Quoting GiovanniV

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Hi Ghous, I few weeks is that your study method and I was impressed. you also use the TF weekly and montly? weekly and sometimes TF Montly cause me some trouble in reading the price and also insecurity for too many levels. I use the method of Jarro and I also have a good knowledge of the method J16. how do I filter my trades using your method? can you give me some advice? I will continue to study your method and post some graphic. Thanks Ghous!

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Quoting whynotnaveen

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Hi Ghous, Thank you for sharing your knowledge and wisdom. Until now I never thought to trade or watch a exotic pair. Now I am almost having all pairs in my watch list. I have a doubt. If the bar just touches the LLS whether you consider this setup or wait for the bar to break and close above the LLS??? {image}

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Quoting dirtigr00vz

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First post and only 3 weeks trading experience guys, so go easy on me . I feel i should immediately express my gratitude to ghous; firstly for pointing me in the direction of the James16 thread (only managed 42 pages so far) and for creating this thread (26 pages down, 30 to go) - both have been incredibly helpful and insightful. I found that although a thoroughly decent introduction, reading the full Forex Walkthrough on Investopedia wasn't particularly helpful in illustrating the application of any of the methods, so i still found myself a little...

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