{quote}Amazing trading, I see you've caught griff's diseaseEDIT: I answered Subrina_fx's post and it disappeared !
'griff's disease' - one of many but its hard to make that one work and on the LTFs it looks suicidal
- #8,501
- Sep 29, 2015 8:04am Sep 29, 2015 8:04am
- Joined Aug 2014 | Status: Membership Terminated | 4,544 Posts
'griff's disease' - one of many but its hard to make that one work and on the LTFs it looks suicidal
- #8,502
- Sep 29, 2015 8:06am Sep 29, 2015 8:06am
- Joined Jan 2013 | Status: Trader | 1,657 Posts
{quote} Mmmm.... that happened yesterday 'griff's disease' - one of many but its hard to make that one work and on the LTFs it looks suicidal
- #8,503
- Sep 29, 2015 8:08am Sep 29, 2015 8:08am
- Joined Dec 2013 | Status: Trader | 1,680 Posts
GA tried like GS does
Sad i'm not trying to understand PA
- #8,504
- Sep 29, 2015 8:11am Sep 29, 2015 8:11am
- Joined Aug 2014 | Status: Membership Terminated | 4,544 Posts
{quote}I'm too lazy to trade that way, I'd rather just check my charts every hour for something good, bet big and go in once
fun to try new things thou...
- #8,505
- Sep 29, 2015 8:11am Sep 29, 2015 8:11am
- Joined Jan 2013 | Status: Trader | 1,657 Posts
GA tried like GS does
As usual Omonisha - #8,506
- Sep 29, 2015 8:13am Sep 29, 2015 8:13am
- Joined Aug 2014 | Status: Membership Terminated | 4,544 Posts
GA tried like GS does
better than i ever could ... this is the way to go - get in precision and big and exit gracefully 
- #8,507
- Sep 29, 2015 8:31am Sep 29, 2015 8:31am
- Joined May 2012 | Status: Happy trading n enjoy green pips | 5,322 Posts
Uploaded again with more pips from two accounts
. Congrats.Just noticed you have a few things on your chart, what are the conditions to enter those trades? if you don't mind to share for those who might be interested to learn to scalp like you and GS do.
Appreciation is the key to wealth and happiness
- #8,509
- Sep 29, 2015 8:56am Sep 29, 2015 8:56am
- Joined May 2012 | Status: Happy trading n enjoy green pips | 5,322 Posts
Appreciation is the key to wealth and happiness
Hello guys, any ideas on AUDNZD? I think we may be ready to long (div on chart 3) as the price may stay in the range where it has been for a few weeks now (chart 1). Im gonna try to trade it short term but... a speculation (chart 2): this range may be wave B of corrective ABC, which may evolve given the fact that RBA is much more ahead of the easing monetary cycle while there seems to be more easing from RBNZ coming.
- #8,511
- Sep 29, 2015 10:50am Sep 29, 2015 10:50am
- Joined Dec 2013 | Status: Trader | 1,680 Posts
{quote} Excellent trading as always guys, OS, I'm glad you mentioned the size of the setup candle. I watched this setup unfold right in front of me but was put off by the size of the LO setup candle. You made a comment last week about following such a big setup candle being suicidal since it will be followed by consolidation. This is something I still struggle with. I was wondering whether anything specifically reinforced your decision to enter this time round? Perhaps the rejection from resistance zone on your chart... Thanks Ballistical
About my comments, That was different scenario trader opened his position after around 140 pips move. Didn't wait for any retrace for that kind of move. It was H1 chart. Where to hide SL? A 50% retrace will be -70pips. Too much risk. That is why i commented does he have to trade must of that move. We need to protect our SL. And you know what he wrote next price almost hit his SL.
Sorry for my poor explanation
Here i draw a pic for you and all to understand how i want to trade a OB.
Sad i'm not trying to understand PA
- #8,512
- Sep 29, 2015 11:36am Sep 29, 2015 11:36am
- Joined May 2009 | Status: Consistency is Key!! | 1,297 Posts
Ga 100 up last night and 100 back down today
- #8,513
- Sep 29, 2015 11:37am Sep 29, 2015 11:37am
- Joined May 2009 | Status: Consistency is Key!! | 1,297 Posts
GA tried like GS does
- #8,514
- Sep 29, 2015 11:38am Sep 29, 2015 11:38am
- Joined May 2009 | Status: Consistency is Key!! | 1,297 Posts
GA M30 bounce +50+50+50+50+50pips - was huge candles and LK jumped on for ride south{image}
well done mate
- #8,516
- Sep 29, 2015 12:31pm Sep 29, 2015 12:31pm
- Joined May 2009 | Status: Consistency is Key!! | 1,297 Posts
- #8,517
- Sep 29, 2015 12:38pm Sep 29, 2015 12:38pm
{quote} Try here: http://www.forexfactory.com/showthread.php?p=7132802
- #8,518
- Sep 29, 2015 12:50pm Sep 29, 2015 12:50pm
- | Joined Mar 2014 | Status: Trader | 1,228 Posts
{quote} Thanks for asking ballistical. There are couple of rules i learned and learning when trading price action pattern. Specially OB. [ Please be remember location is very important for price action pattern to work ] . If you look at any OB on any chart you will notice that they usually retrace near the previous candle hi/open close/lo. Or if there is any confluence like 200ema RN number within the previous candle. If can trade on retrace we can place logical emergency SL above/below that OB . Yes chance are there to miss trade but better no...
O.... excellent description, excellent chart showing OB, excellent trading !
{quote} what a lucky day Subrina
Yesterday was one of my favorite days to harvest pips, however does not ALWAYS work, but there is VERY HIGH chance to double your account in these special days and I will tell you what these days look like. ( however as I said, sometimes does not work, so it just helps you to tighten your SL and increase your RRR , it is not a holy grail. )
I just have to say that I don't scalp in 5 minutes or any low time frame, I just jumped to 5 minutes to show the clear entries and exits. My time frame starts from M15 ( and this one is just for entry ) but I will find OB and OS in higher TFs )
Regarding yesterday positions : In picture below I saw there is a plenty of space between green line ( around 1.6015 which is pivot line and the daily open price. Usually pivot line attracts the price, so when the price does not touch the pivot and moves straight to the support or resistance lines, the elastic band is stretching more and more.
more stretching, more fly !
In this kind of special days, price most of the time turns back from second R2 / S2 levels which R2 is the highest thick blue line in the picture.
Around these areas, I look for divergences for entry. Then I look for PA to add positions if needed.
For SL , easy ! , just place 20-30 pips above S2 , depends on your position size and your entry.
For exit follow the Support / Resistance / Pivot lines and BRN . The main Target is PIVOT line ( green line ) .
But if I say that I always use strict rules for entry and exit , so I'm wrong. In this dynamic market, you must be dynamic. Definitely having seen many PAs in these years, it helps me a lot to do without thinking. So many of things come from the guts and experience.
Believe me, your strategy is much more safer and much more mechanical than mine. You can trade your strategy everyday, but for the special days like yesterday, there is only few opportunities in every month. However my usual and everyday strategy is more or less same as yours: PA, Pivots, Round numbers, Divergence.
Happy to see you and other members strong and reliable strategies and illustrations and pipful results. I always like to learn new techniques at your thread.
Hope I could explain well
- #8,520
- Sep 29, 2015 8:26pm Sep 29, 2015 8:26pm
- Joined May 2012 | Status: Happy trading n enjoy green pips | 5,322 Posts
{quote} Thanks for asking ballistical. There are couple of rules i learned and learning when trading price action pattern. Specially OB. [ Please be remember location is very important for price action pattern to work ] . If you look at any OB on any chart you will notice that they usually retrace near the previous candle hi/open close/lo. Or if there is any confluence like 200ema RN number within the previous candle. If can trade on retrace we can place logical emergency SL above/below that OB . Yes chance are there to miss trade but better no...
. Many thanks OS
Appreciation is the key to wealth and happiness