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The Buy Low and Sell High System, the best way to make money

  • #101
  • Edited 3:18am Nov 26, 2014 3:05am | Edited 3:18am
Quoting tunera
{quote} Yep, actually i never draw boxes etc., you know it's just for the sake of show it in this thread, however eurusd touching the highs of today, it can be a good sell!
Seems that it was not a bad idea after all.

Somebody catch it too?

Edit:
Nah i've taken my profits at the lows of today, not really want to risk it to go up again!
Attached Image (click to enlarge)
Click to Enlarge Name: EURUSDM15.png Size: 23 KB
  • #102
  • Nov 26, 2014 4:55am Nov 26, 2014 4:55am
Quoting tunera
Eyes on this today. {image}
Gbpusd very high now, this is a medium-term selling zone, not everyday we have such kind of opportunity.

And i guess all i had to share i've shared already, so i will let the thread continue on its own now (if it ever will continue lol).

Take care guys!
Attached Image (click to enlarge)
Click to Enlarge Name: GBPUSDH1.png Size: 25 KB
  • #103
  • Nov 26, 2014 5:16am Nov 26, 2014 5:16am
Quoting tunera
{quote} Gbpusd very high now, this is a medium-term selling zone, not everyday we have such kind of opportunity. And i guess all i had to share i've shared already, so i will let the thread continue on its own now (if it ever will continue lol). Take care guys! {image}

one question before you go tunera:
how do you enter ?
i`ve watched all you charts, i understand the you point...but i couldnt see your entry method..

thanks in advance
bradu
  • #104
  • Nov 26, 2014 5:22am Nov 26, 2014 5:22am
What you mean by zones? which ones?
care to explain?

Attached your picture...
and the question about risk, you calculate the risk % or do you base on exact price which is above/below a low/high?
Attached Image (click to enlarge)
Click to Enlarge Name: IMG - zone.jpg Size: 46 KB
  • #105
  • Nov 26, 2014 5:51am Nov 26, 2014 5:51am
Quoting michaelion
What you mean by zones? which ones? care to explain? Attached your picture... and the question about risk, you calculate the risk % or do you base on exact price which is above/below a low/high? {image}
Oh, that zone, no i don't measure it in any way, i mean the rectangle is just to highlight the area above the previous high (in that picture, the bottom of the rectangle is the previous high of price), we can ideally use a simple line, but i just liked to highlight the whole area above the previous high, because it is in that area that we will look for patterns for sell (like a double top for example).

So, the size of the rectangle is not known, it is known only after the fact, and anyway is not important at all, its purpose (rectangle) is just to highlight the area above the previous high and to show it in this thread.
We don't really draw rectangle when trading our charts.

The stoploss, i usually take the losses manually (and the profits too), if the original setup/scenario/trading-idea is not working out (like the eurusd some days ago) let's take the loss and move on.
As for the % of the account that you risk on each trade, it really depend on you, some people are fine with risking 10% of their account on every trade, some people don't risk more than 0.5% or less.


To bradu:
How i enter, when i feel it's time to open the trade i just do it, i try to sell as high as possible and buy as low as possible, that's it!
As for the gbpusd last post, this one is entered for the simple fact that the price is now above the highs of last week, on the small timeframes there are not yet any sort of reversal pattern, so it's really a little bit dangerous to sell with this kind hurry!

Nobody is perfect
  • #106
  • Nov 26, 2014 5:54am Nov 26, 2014 5:54am
thanks for your answer tunera !
i tought that...but i wasnt sure.

for eg...i was watching that eu (that you post earlier ) but it dropped without me finding an entry.
sometimes is better to enter...sometimes to wait for some confirmation...indeed...nobody is perfect
  • #107
  • Nov 26, 2014 6:06am Nov 26, 2014 6:06am
Quoting tunera
Thank you Mingary! So, Low can be considered anything below a certain previous Low on the chart, and High can be considered anything above a certain previous High on the chart. Below another image with some coloured arrows (the Red arrow is for sell, the Green arrow is for buy). As you can see there is the Basic version of the concept and the Double version, in the real market there are doubles triples quadruples situations and these are the most beautiful ones! {image}
Looks like a divergence logic. Thanks for share
  • #108
  • Nov 26, 2014 7:04am Nov 26, 2014 7:04am
Quoting bradu
thanks for your answer tunera ! i tought that...but i wasnt sure. for eg...i was watching that eu (that you post earlier ) but it dropped without me finding an entry. sometimes is better to enter...sometimes to wait for some confirmation...indeed...nobody is perfect
About not waiting for confirmation signals..

That's scary
Attached Image (click to enlarge)
Click to Enlarge Name: GBPUSDM5.png Size: 24 KB
  • #109
  • Nov 26, 2014 7:30am Nov 26, 2014 7:30am
indeed scary !!

you`re still shorting it...till when ?
  • #110
  • Nov 26, 2014 7:45am Nov 26, 2014 7:45am
Yes i'm still shorting it, and adding too.

But...
Seems like market is going fully banana!

I can still wait a little bit, if this move don't reverse soon i'll get out, but that would be very sad!

This gbp use to make this kind of stuffs from time to time
  • #111
  • Nov 26, 2014 7:49am Nov 26, 2014 7:49am
it wanted 1,58....lest see if it reverses...ususally does...so you might have a good day after all
  • #112
  • Nov 26, 2014 8:32am Nov 26, 2014 8:32am
There are a lot of buy orders in for the EUR and the GBP for the week

COT Report

http://www.cmegroup.com/trading/fx/cftc-tff/main.html

CME FX priced in terms of U.S. dollars per non-dollar FX, *Long CME FX positions benefit when USD depreciates; ** Short CME FX positions benefit when USD appreciates in value.

http://www.cmegroup.com/trading/fx/cftc-tff/main.html
  • #113
  • Nov 26, 2014 11:07am Nov 26, 2014 11:07am
My demo trading for the last 4 days
Attached Image (click to enlarge)
Click to Enlarge Name: EURUSD.png Size: 104 KB
Attached File(s)
File Type: pdf EURUDD DetailedStatement.pdf   175 KB | 1,125 downloads
  • #114
  • Nov 26, 2014 11:13am Nov 26, 2014 11:13am
Quoting eaglefaith7
My demo trading for the last 4 days {image} {image}
Impressive!
  • #115
  • Nov 26, 2014 11:23am Nov 26, 2014 11:23am
Quoting eaglefaith7
My demo trading for the last 4 days
how did you modify it in order to trade ?
i see some indicators...etc.
do you enter right on like tunera or did you wait for some confirmation..

thanks in advance
  • #116
  • Nov 26, 2014 11:39am Nov 26, 2014 11:39am
Quoting bradu
{quote} how did you modify it in order to trade ? i see some indicators...etc. do you enter right on like tunera or did you wait for some confirmation.. thanks in advance
I really did not modify anything. I am more of a Fibonacci and support resistance trader and like I have posted I use the COT report and reports from CME to find out what the futures and big institutions are doing, if they have more buy or sell orders in.I also check Forex Open Position Ratios on http://fxtrade.oanda.com/analysis/open-position-ratios
and trade in the opposite direction of the crowd they are normally wrong.
  • #117
  • Nov 26, 2014 12:06pm Nov 26, 2014 12:06pm
i see some trend lines, fractals...cci...etc
i tought you manage to put it in some form...

im still trying to figure out how to enter in order to enter fast, but with some confirmation...so far i only managed to miss opportunities ...or enter too late

anyway...impressive result !
  • #118
  • Nov 26, 2014 12:24pm Nov 26, 2014 12:24pm
Quoting bradu
i see some trend lines, fractals...cci...etc i tought you manage to put it in some form... im still trying to figure out how to enter in order to enter fast, but with some confirmation...so far i only managed to miss opportunities ...or enter too late anyway...impressive result !
Sorry about that here are the indicators I use and the template. The trendline is auto so it makes those for you. I stay away from lower time frames to much up and down movement only 1HR and above.
Attached File(s)
File Type: tpl 4hr_sonic_cycle_identifier_demark_lines_trader.tpl   26 KB | 555 downloads
File Type: ex4 CandleTime THV.ex4   2 KB | 458 downloads
File Type: ex4 cycle-identifier.ex4   10 KB | 560 downloads
File Type: mq4 DeMark lines.mq4   17 KB | 502 downloads
File Type: ex4 pipsometer_5_decimal.ex4   7 KB | 470 downloads
File Type: mq4 Sonic_2 PVA Candles (Black).mq4   11 KB | 488 downloads
File Type: mq4 Sonic_3 Trade Levels (Black).mq4   56 KB | 530 downloads
File Type: mq4 SonicR FFCal Panel (Black).mq4   52 KB | 491 downloads
File Type: mq4 SonicR PVA Candles (Black).mq4   15 KB | 494 downloads
File Type: mq4 SonicR Trade Levels (Black).mq4   27 KB | 504 downloads
  • #119
  • Nov 26, 2014 12:26pm Nov 26, 2014 12:26pm
Here are the rest of them
Attached File(s)
File Type: ex4 Supply_Demand_Zones.ex4   36 KB | 709 downloads
File Type: ex4 THV3 SpreadandRange.ex4   16 KB | 529 downloads
File Type: mq4 Xi-AsianBO.mq4   14 KB | 558 downloads
File Type: mq4 Xi-LondonBO.mq4   14 KB | 572 downloads
  • #120
  • Nov 26, 2014 12:28pm Nov 26, 2014 12:28pm
I also use Supply and Demand zones forgot to mention that.
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