Learn and Share your Trades using Charts and S/D Levels

Dawg8it-

Thank you for posting your charts.

That always helps.

I have analysied Eur/Gbp and will monitor that first zone.

I will be looking for a confrmation entry instead though.

I have writen why on the chart.

That leg in on the 4 hr chart was very explosive.

So I looked back on my STF 5 min chart to take a closer look in it.

I went this far back using a 5 min chart because the 1 hr chart had shown some slight indecision in that area.

So by following my plan I would take a confirmation entry as price leaves the zone after going in, because it is not fresh.

Here is my chart.

We have a similar thought process in our trades! I would do a confirmation entry as well and utilize other odds enhancers to determine the trade.
On the 60 minute chart, I noticed that there is actually a zone on top of a zone, which I like as well, both being a DBD.
On the 5 min chart, there are a few areas above that could be considered a zone, but my trade plan requires me to find my trade zones in the higher frame charts and fine tune from there.
The EUR/GBP had quite a drop today, but based on past performance, it should retract back up in the next week or so for us to see how this zone works out.

GBPUSD buy limit M5 zone.
How do you think about it?

duke789-

Your zone is fine on the 5 min chart.

I see the strongest area at 1.6422/12.

Remember though is your using a 5 min chart to find zones, then according to my trade plan your looking to scalp this trade.

The 5 min chart would be considered a ITF, and the 1 min would be my STF.

If this is true then you have a good trade to wait for, but the PROFITS may not be as rewarding because your scalping for pips.

I would make sure I was present during this entire trade so that I could monitor and manage it for maximum profit.

In the current curve on the ITF 1hr I am not compelled to enter a trade until i see price at an extreme on this chart.

Here is what I am looking at.(Always trade you'r trade plan.)

Dawg8it-

I have an alert up for E/G at the higher level.

I will wait until that zone to enter.

I know it is on a STF but there is a method to my plan on this.

- I have to verify a explosive leg-in, high or low on the curve.
- I zoom into the area at the beginning wick(furthest from price) on a STF.
- Then I look for any indecision from the commiment of the traders at that time.
- Then I will Fine Tune my line placement using the leg-in, base and Leg-out strategy.
- Usually the zone is small enough and at the a more extreme on the curve that I am comfortable with a slightly larger position.

As for my Odds Enhancers I will use 8.

So that means according to my plan I HAVE to score a 12/16.

My Odds Enhancers are:
- Curve, 2 for 70%, 1 for above or below 50%
- Fresh, 2 for fresh, 1 for one touch
- Enough Reward, 2 for 3:1, 1 for 2:1
- Minimal Risk, 2 for 15-20 pips, 1 for 21-30+pips
- Volume, 2 for higher than average, 1 for average
- Time at Level, 2 for 1-6 candles, 1 for 7-10 candles
- Levels on Top of Levels- 2 for a gap in between levels, 1 for 5pips/or no gap between levels
- Currency Futures- 2 for favorable correlation on both pairs, 1 for favorable correlation on 1 pair
It is obvious that a 0(zero) doesn't count so no need to input here.

Attention everyone-

I am currently in a USD JPY trade.

I have taken 1/2 profit at 2:1 but I havent moved my stop from original place yet.

Once I have a DBD and a LL close I will move it 1pip above the DBD.

gbpusd m15

smasungs3-

I would keep monitoring this supply zone you have marked on the 15 min chart.

I would not have put an entry there for a few reasons:

- You are still to low on the curve to sell, and we are still in a long term uptrend
- You'r zone is good but check out the 1 hr ITF, the curve starts higher up
- There is a Strong Supply Zone on the 1 hr Chart/ITF

Stay with the trend unless you have confirmed you're at the extreme on the curve on the ITF.

I have this chart on a few posts back.

Hi, GilaMonster.. Thanks for the sharing and MIA for a while. I am looking at GU trade same as Samsungs3. But there are economic statements coming out that scares me away. How do you react to the upcoming data if I were to place order at the SZ you draw few posts back?

Do you mind to share more on how to determine the start of the curve? I tot I know but apparently not the case. Thanks.

Sorry can't post any picture cos using phone.

hi gilamonster, grate thread u created here!!!


i have a qustion regards ur odds enhancers-

- Curve, 2 for 70%, 1 for above or below 50% - which TF do u mean-is it weekly\D1 or is it the TF of the level?

thx again for sharing this valubale knowledge

Attention everyone-

I just took profit on the last half of my USD/JPY Short.

I had taken 1/2 profit at 104.18 for a 2:1.

Then I was able to move my stop down to 104.42 last night before bed after a LH and LL.

I followed every procedure on my trade plan.

The slides 25,26 and 27 are my trade recordings.

clementngu-

Here is an example for finding a SZ using the curve.

You just have to revverse the process for finding a DZ.

Yes I would have set a trade at the higher SZ on G/U.

Even with economical data.

We can never control the markets, only our risk.

The reason I would have been comfortable taking the higher zone today is because it was the most extreme level on the curve.

BUT with news remember to be present and set you'r alerts.

Could you send a chart in the future so that I can see how your chart analysis is going.

I am interested in your own zones that you have found.

ag77-

Thank you for the compliment.

I am enjoying sharing and teaching.

As for my odds enhancers and what time frame i will be using:

- I perfer my ITF(Intermediate Time Frame) (Daily LTF, 1hr ITF and 5min STF)
- This is the same time frame I use to find my Zones
- Even when looking at the futures charts I will use the 1hr chart or the same corresponding chart that I am using from FX.
Let me know if you need an example of my odds enhancers shown on the charts.

clementngu-

I understand that you my be on a diiferent time frame because of where you live.

Using your phone is fine for that.

But when you get in front of your charts, when you are not busy, please send me a picture of your charts when you have questions related to a trade.

Remember there are other traders looking at these posts and even though I know what you may be talking about they probably won't.

I say this becuase maybe I am gone and someone with experience might be able to help you as well.

Go ahead and share we are all here to help EACHOTHER

thx gilamonster for ur answear, but i thunk i didnt quite get it.

for example ur usd\jpy trade- u werent looking on daily higher TF to find the s\d levels, u were just looking on the prev swing high, correct? and prev swing low for long

it will be grate if u post one example of ur odds enhancers.

ah another Q, what is the min OH that ull take a trade?

tyvm again

Attention Everyone-

I am updating my Odds Enhancers for you.

Let me know what questions you have.

ag77-

Thank you.

Yes those are "swing" highs and lows.

I am used to saying recent because I have noticed that some traders will interpet swing high and low to what chart they are looking at or what THEY see as being a "swing" high or low.

I guess that I will just say "swing" now and worry about explaining it in my chart analysis.

As for my entries I will always enter a limit order at the proximal line(closest to price) and Rounded up/down on Fresh levels only.

Other entries are going to be "scale-in" entries, entering in the Zone or Entering as price leaves the Zone.

If i have to scale in I will use either a 1 min or 5 min depending on if I am short term swing trading (5min) or scalping (1 min).( I will rarely scalp)

Yes Sir. Totally agree with what you said. I'll post tonight. Thanks for d answer too.

clementngu-

Your questions and everyone else's questions keep me in line with my trade plan.

This was the deal breaker for me to instruct and teach in trading quite some time ago.

I instruct in another setting as well.

It is fullfilling to help those who want to succeed and who are doing only the best they can do.

I will always be honest and assertive when I see a pattern that may cause a trader to slack.

I have loosing trades too.

I will not allow more than three in a row but I keep up the "forward thinking attitude because it has helped me to be my best even if I fail.

Take your time, pick out strong obvious zones, be decisive and patient, follow your plan and don't give up.

Hi All,

Here's what I found and plan to set pending orders at those pointers. Appreciate comments Thanks.