Update on EUR/JPY 15M TF. Looks like the bulls have taken over. Any thoughts towards the development of a Bearish Crab/Gartley are gone.
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DislikedUpdate on EUR/JPY 15M TF. Looks like the bulls have taken over. Any thoughts towards the development of a Bearish Crab/Gartley are gone.Ignored
Disliked{quote} Mack very good question, that's a problem for everyone, I think, is still at least for me. It has given very good results, cut losses dramatically, if not going the way I wanted, I take out first one hand and then close completely. With the profits, I try to take part in the first places of support or resistance, and so calm anxiety. Oliver Velez says that ONLY WE LOSE A CANDLE. And so, when we win, we win three or four, and when we lose, only one, + the spread. No wait, do not believe, just out, a candle, and so a, probability of success...Ignored
Disliked{quote} good question Mack,,, it's the same as, we know the market moves in waves so why can't we ride those waves correctly and be on the winning ones? that's why studying the market and all the back testing on its behaviour is so importantIgnored
Disliked{quote} If you are wrong let's say 70% of the time, you would be better off doing the exact opposite of what you thought was right as you were saying, but then wouldn't that be a kind of gamble. There is logic in your question, but determining the right from a wrong move would not be that easy.Ignored
Disliked{quote} Arriving daily PRZ, control of price action there, and then short entry, to 38%. greetings. we will see {image}Ignored
Disliked{quote} Hi mate I traded this yesterday and closed a few hrs ago I was trading the PA with the structure .....aggr c ... closed and took 90 ish pips .... looks like it might have a bit more to go too {image} {image}Ignored
Dislikedthe cd leg did not have any deep retracement so that ut could indicate the slow down in momemntum. on the other side we had a multiple confluence which unfortunately did not work out for me. any thoughts guys? {image}Ignored
Disliked{quote} I would say that your expectation wasn't misplaced. The longer term order flow was bearish; therefore, it would make sense to anticipate a reversal at the completion of Point D. Also, you had confluence: 1) completion of ABCD; 2) 78.6 retracement of XA; 3) 127 ext of AB; and 4) structure. However, the bullish momentum leading into Point D would raise my alert levels and cause me to sit back and watch PA because my expectation has now changed from a reversal at D to D being blown out of the water. Which is exactly what happened.Ignored
Disliked{quote} Congrats on an excellent trade. I was down on a lower TF (15M to be exact). Based on the PA I was seeing there, it looked like the longer term order flow on that TF was bearish; whereas, the shorter term order flow was bullish. Hence, my expectation of a possible bearish crab/gartley. This raises a good question. When we are on a lower TF, how many periods back should we use as our reference for long term order flow? I saw the bullish long term order flow for your trade on the 4HR TF, but didn't think it applied on the lower TF I was trading....Ignored
Disliked{quote} If your trading the 15m you want to at least be looking at the 1hr and possibly 4hr as well.... I like to know where price is on all tfs ,even if i'm trading 5m I want to know where price is on a daily POV as well ..... you need to be aware of the supply demand zones on all tfs especially the higher ones, just because your trading 15m and cant see it a 4hr demand zone is still thereIgnored
Disliked{quote} If your trading the 15m you want to at least be looking at the 1hr and possibly 4hr as well.... I like to know where price is on all tfs ,even if i'm trading 5m I want to know where price is on a daily POV as well ..... you need to be aware of the supply demand zones on all tfs especially the higher ones, just because your trading 15m and cant see it a 4hr demand zone is still thereIgnored