Almost cable went target it moved so quick 
You may have realized that using the time factor has a very important role in my analysis I believe that in order to be successful you need to combine both the price & time into your decision. PA by itself isn't enough. I will take the time factor to the extreme & share a high probability trade that is purely based on time rather than price. I haven't seen anyone attempt this before... If you have, please do share the link. The high probability trade is AUDUSD short (sorry for the AU bulls out there) 1st short entry: Wednesday, US Opening (15/04)...
It's true that time is important in analysis and of course timing during all sessions (like London open, London lunch time etc.), but I haven't heard that sb. makes decisions only based on time
I agree with your opinion that AUDUSD is going to make new low in next days, but could you tell me how are going to place stop loss? Above last peak on specific timeframe?
Best regards!
I have an extremely high probability for EURAUD to make a new low below 1.3785 sometime during the coming 3 weeks.
All of them were successful and reached target. Past performance doesn't guarantee the future, but it does at least allow you to open a position and be able to sleep comfortably
{quote} It's true that time is important in analysis and of course timing during all sessions (like London open, London lunch time etc.), but I haven't heard that sb. makes decisions only based on time
For the setups based purely on time, I will have to wait and see where price will be at the moment of entry in order to place SL accordingly
It also goes without saying that the MM rules will also have a weight in choosing the correct SL
On all cases I don't expect 0.774 to be broken before a new low, so it wouldn't be a bad idea to have a SL there, but again its better to wait for entry and decide from there
- #36
- Apr 14, 2015 1:06pm Apr 14, 2015 1:06pm
- Joined Apr 2012 | Status: ipsa scientia potestas est | 682 Posts
Hi Jay,
Could you please little write about timing tools you see value on trading?
As i understand for timing tools your stop is time, not price.... Actually it is some frightening.
I spent lots of time studying on timing tools. From fixed cycles to astrological aspects, astronomical cycles to Delta Phenomenon etc. They have common problems. Sometimes a turn in a cycle cause only flat correction in price or very often inversions cause big losses.
What I see fixed cycles are only good in the long term and only help to have a mindset of a general trend. E.g. EUR/USD below. In daily or shorter timeframes they quickly disappear.
For short term Lunar Phase Cycle and Bradley Barometer works not bad. About your current set-ups Bradley Barometer look bullish on EU and most of other dollar pairs (red line on below chart) until April 24 unless an inversion occur before. (Blue line is Lunar Phase cycle). I do not fully trust them but they do not support your set ups
Could you please little write about timing tools you see value on trading?
As i understand for timing tools your stop is time, not price.... Actually it is some frightening.
I spent lots of time studying on timing tools. From fixed cycles to astrological aspects, astronomical cycles to Delta Phenomenon etc. They have common problems. Sometimes a turn in a cycle cause only flat correction in price or very often inversions cause big losses.
What I see fixed cycles are only good in the long term and only help to have a mindset of a general trend. E.g. EUR/USD below. In daily or shorter timeframes they quickly disappear.
For short term Lunar Phase Cycle and Bradley Barometer works not bad. About your current set-ups Bradley Barometer look bullish on EU and most of other dollar pairs (red line on below chart) until April 24 unless an inversion occur before. (Blue line is Lunar Phase cycle). I do not fully trust them but they do not support your set ups
{quote} Concerning this setup, I would like to mention that during the last 7 years (from Jan 2008) there have been 59 similar setups to the one I currently have on EURAUD All of them were successful and reached target. Past performance doesn't guarantee the future, but it does at least allow you to open a position and be able to sleep comfortably
You reap what you sow.
Hi Jay, Could you please little write about timing tools you see value on trading? As i understand for timing tools your stop is time, not price.... Actually it is some frightening.
My approach seems to be somehow different & focuses more on exact/specific timing rather than cycles
* No that's not correct, I always have a fixed SL. I use timing for either entry, hedge, &/or sometimes for early exit before the TP or SL
Again, the timing factor isn't a stand alone strategy, it's only effective when combined with good MM & high probability setups