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

Just following on from my last post. In the below example, would it be ok to use the swing chosen as the others in or near current consolidating market don't offer much of a range? (only relative to current Time frame)

Thanks

Chica-

Yes, even on a weekly chart the same rules apply.

The longer term curve is the one to pay attention to.

But the shorter term curve could be used as well.

You very well could make it a long term swing trade but to me, it will just end up being a short term swing trade instead of a long term swing trade because I would look at, and use, only the more extreme zones.

But we are looking at hindsite and so it is easier to say what we would do at the lower curve.

Great question though. I am traveling right now so when I get home early this evening I will shot you an example of this chart and what I would look at for a trade.

Hi Gila,

Thanks mate, I look forward to the chart. Also I note the swing just left of yellow circles could also be used. Really depends on what one is trying to accomplish. Ie lower tf or scalp with shorter curve.
Monday morning and time for wokr, thanks again mate.

Chica-

I will send good energy your way for the new week.

Unfortunately US banks are closed for Presidents day.

I may still trade but I need to see good setups and I am not seeing those for tonights trading session.

I really like GBP for long term trades because it just holds it direction.

Usually strong even in a wide sidways movement like what we see on the weekly chart.

Here is my analysis, but I will only look forward to the short term trades in or near these areas I have drawn in.

Attention Everyone-

I realize I have a lot to give but I need to know where everyone is at.

I will always continue with my course here as needed but with out feedback I have know clue how well this may be affecting you.

This thread was made to share my trades and for others to learn what I am doing but it has moved to better things with me sharing my daily procedures.

So am I on a good track now or should I mix it up again with sharing my trades again with some instruction in between on an individual basis?

Thanks

Gila

Attention Everyone-

I am setting up a couple entries to trade.

The first one is Usd/Jpy. My original entry at 101.34 was just missed on my platform yesturday after the opening.

I did not chase price because i am not allowed to do that according to my trade plan.

So I have been waiting for a HH.

I found a goood DZ and now have set a trade as price pulls back to enter with this short term trend.

The second trade is Eur/Usd.

It is setting up on the 4 hr to 5 min charts. There are other entries if my entry is to much risk for you.

The 4 hr has a nice entry at 1.3614. I trade for mostly limit entries.

Zone entries have a lower probability, so the zone I am using on the 1 hr is set a little higher. I am fine with that.

But for you 4hr chart traders that is the best zone there.

Hi Gilamonster.

I am always here to learn from you.

I am too busy recently to post charts and follow your all guides but never forget to find good opportunites follow my dream.

Really get so much benefit from your posts.

This was my touch trade today following your fine tune rules. sweet 2:1 RRR.

I'll be back very soon next week.

Another very compelling one I marked before but not at my desktop in time so I missed. Whatttttt a pity!

Hi Gila,
Read your thread everyday and still learning. You doing great . Pls keep doing. I will try to post as much as I can

duke789-

Thank you

Those were great zones.

I missed the first supply zone, on your first chart.

But I was able to ride the second demand zone aslmost up to its last most recent high(1.3680-1.3720)

samsungs3-

I appreciate that.

Of course i will keep running this thread.

Like I said before I just need to know if i need to change anything up.

As long as just a few prople are something out of this, then my efforts are rewarded for me.

Remember I do this because I am getting a sense of honest fullfillment from helping someone.

Gila

Attention Everyone-

A few posts ago, I posted two new entries I was waiting to be triggered.

Usd/Jpy and Eur/Usd.

My U/J just was opened off of the BOJ raising their asset purchasing.

I have locked in profit already and now I will let it ride for max profit.

Attention Everyone-

There will be some imbalance at 102.41-102.60.

I see price breaking through eventually soon.

Next SZ is 103.00-103.20.

Good luck

Thanks Gila for your recent charts and help re curve. Big help

Chica-

You are very welcome.

Glad to hear that I have helped in some way.

Gila

Gila,

I note you have your odd enhancers, besides fundementals are there other factors that will cause you to negate a planned trade based upon structure or price action as prices heads back to retest your planned zon (I.e basing or shift in momentum)thanks mate!

Chica-

I have a few ways.

Some fundamental(but fundamentals are a whole different subject)

My fine line placements are another factor. They determine my best entries.

Trend phase; up, down or sideways.

The sideways price action needs to be wide and tradeable with at least a 2:1 RR or I will just wait for a breakout.

And one more which I believe will help everyone once in a while.

OTA calls this a "Allstar Setup".

You will need to be on a 30 min chart(nothing else)

You will enter trade manually after price pierces the top/bottom Bollanger Band by at least 1%(multiply .0001 by the price of the top/bottom Bollanger Band)

And price needs to be at or close to an extreme on the curve.

@Gilamonster I've noticed you use volume in most of your charts (not very popular in spot currency market). Do you use Volume Spread Analysis? If not, what is your approach with it?

Btw, nice thread! Thank you for sharing!


Cheers

Much obliged good sir
Cheers,

CurrencyPlun-

Thanks for the question.

I use volume because it tells me where the larger orders were (when volume is above average)

If that zone or area is still tradeable, according to my entry rules, then volume is used to determine if this is a possibly strong area to set an entry.

Now I will not use volume for anything else but to determine how strong my zone is.

That is fine if using volume is unpopular. I have my own rules that apply to my trading style.

Remember though that any indicator or MA used is always lagging.

I am not concerned about current volume because most of my trades are predetermined.

Let me know if you need me to explain more about this to you.

Gila,

from looking at your orginal posts and documents upladed etc, am I right in assuming you do not just see RBR's asn DBD's as being tradable as momentum trades with a trend.

for example, I note some S/D traders believe these patetrns are only good to take with the trend and are low probaility to reverse price. However, I note many turning points (RBDs DBR's) or pivots are not orginal but rather retests of RBR's DBD's.

Interested if you place any other bearing on choosing a RBR DBD as a possible trade where price can reverse (Counter). For instance an orginal DBD ITF level if I was in a HTF Downtrend, ITF uptrend and the DBD was at the extreme high levels on ITF swing curve. Am I correct in interpreting that RBRs and DBDs are just as good for reversals too.

Thanks Gila. (I would draw a chart but currently at work)