DislikedTrading H4 on GBPUSD this was my reasoning: {image} Former Demand level broken and lower low. Price can go lower to the origin of the big up candle after price retraces. Does that make any sense?Ignored
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DislikedTrading H4 on GBPUSD this was my reasoning: {image} Former Demand level broken and lower low. Price can go lower to the origin of the big up candle after price retraces. Does that make any sense?Ignored
DislikedHi IF, this is a failure trade. Short didnt reached next FL . Price blown to the north. Any mistakes i have done?. Anyone can comment. I believe this method is powerful if we discuss more failed trades. {image}Ignored
DislikedHi IF, this is a failure trade. Short didnt reached next FL . Price blown to the north. Any mistakes i have done?. Anyone can comment. I believe this method is powerful if we discuss more failed trades. {image}Ignored
DislikedThe M1 chart doesn't always show us the exact PA which occurred. That's why we so often need to treat an entire M1 candle as a possible FL. {image} {image}Ignored
Disliked{quote} I tried to find reasons why the trade was failed. {image} {image}Ignored
Disliked{quote} Thanks IF I was thinking about this before also. Marking FL often is a problem for me. Now if i took m5 chart, i would have marked the FL like this. {image} Last time when i digged GU chart, i found an engulf . But examining 1 second chart , i found a decision point . {image} It more look like FL is function of TF. But in reality it shouldn't be like that as time charts are data packed charts. Its not real . Only real chart is tick chart we all know that.How we can overcome this problem?. How we get rid of time based FL illusion?. This often...Ignored
Disliked{quote} First of all, we need to understand that time has no place in any read of the market. The only way to be completely sure of where a FL is, is to be there when the break occurs, and mark the highs and lows as they occur. Within a minute they can be obscured by a candle, but we'll know exactly where they are. If we're not there to watch and mark, we must use the full candle as a FLIgnored
Disliked{quote} First of all, we need to understand that time has no place in any read of the market. The only way to be completely sure of where a FL is, is to be there when the break occurs, and mark the highs and lows as they occur. Within a minute they can be obscured by a candle, but we'll know exactly where they are. If we're not there to watch and mark, we must use the full candle as a FLIgnored
Disliked{quote} Not that sure i put it correctly. I have taken your previous trade on m5 and marked the zone that u traded. Looked fine everything was ok. {image} Then i went to m1 , Whole story changed. m1 FL not engulfed and m5 FL is not the FL in this TF.See below. {image}Ignored
Disliked{quote} I think you're probably overthinking it. Stick with the one time frame for picking the engulf and the entry zone. Maybe someone else would like to add on or give better advice, though.Ignored
Disliked{quote} Hi IF, please see if my statement is correct as what i understand from what you said: If we trade M1, we would not know where is FL zone unless we mark it there when it happen but if we trading higher TF for instance M15, we can often refer to M1 to find the zone of FL.Ignored
Disliked{quote} I think you're probably overthinking it. Stick with the one time frame for picking the engulf and the entry zone. Maybe someone else would like to add on or give better advice, though.Ignored
Disliked{quote} Timeframe has nothing to do with PA - only the engulfs of FLs of greater and lesser importanceIgnored
DislikedMaybe this is what you're talking about. In the M30 I've identified what I thought was an FTR - we had a break of the flag into the LQG and the creation of a new one. Looking down at the lower minute frame I see that we had a very tiny little zone show up that would be considered another FTR. When price reached it, that became the reversal point. Am I understanding correctly?{image}{image}Ignored