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The One: Price Action and Reaction

  • #601
  • Dec 8, 2015 5:26am Dec 8, 2015 5:26am
Hindsight exercise.
Confluence of warning line and median line.

EURAUD 4H
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EURAUD 30m
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Although price did not retest the energy point for an entry, but still interesting.
the 3rd wave is the crowd's wave
  • #602
  • Edited 3:29pm Dec 8, 2015 12:42pm | Edited 3:29pm
Quoting eaglestar
we are stardust breathed into by the Creator {image}
Inserted Video


Inserted Video


"Frequency is your friend" -- Tim Morge
the 3rd wave is the crowd's wave
  • #603
  • Dec 8, 2015 7:04pm Dec 8, 2015 7:04pm
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  • #604
  • Dec 8, 2015 7:17pm Dec 8, 2015 7:17pm
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  • #605
  • Dec 8, 2015 7:39pm Dec 8, 2015 7:39pm
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  • #606
  • Dec 8, 2015 11:12pm Dec 8, 2015 11:12pm
hi guys I am changing over my platform to ensign. I will be posting more charts soon. I will be updating the thread on Saturday as well to help in explaining how we shall continue. Feel free to continue posting your charts and thought and I will follow up when I can.
The things that we love tell us what we are Thanks Redsword11 and Tim Morge
  • #607
  • Dec 9, 2015 12:45am Dec 9, 2015 12:45am
  •  Hpt
  • Joined Jun 2015 | Status: everybody trade at one`s own risk | 648 Posts
OIL


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from level to level - you need mental strength to reach the summit
  • #608
  • Dec 9, 2015 3:37am Dec 9, 2015 3:37am
USDCHF at decision point

4H
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30m
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the 3rd wave is the crowd's wave
  • #609
  • Dec 9, 2015 3:50am Dec 9, 2015 3:50am
AUDCAD could be starting a new downtrend (once blue schiff ML gets invalidated)

60m
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the 3rd wave is the crowd's wave
  • #610
  • Dec 9, 2015 8:13am Dec 9, 2015 8:13am
Quoting juriFX
USDCHF at decision point 4H {image} 30m {image}
USDCHF 30m reached the medium line.
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Look at the red arrow (possible retest entry), how much risk reward is enough?
I'm liking this median line trading more and more.
I think this is the only method where profit levels improve as time passes.
the 3rd wave is the crowd's wave
  • #611
  • Dec 9, 2015 8:20am Dec 9, 2015 8:20am
Good article on entries and defining "separation".

http://marketgeometry.com/free-resou...es/articles/-3
  • #612
  • Dec 9, 2015 8:24am Dec 9, 2015 8:24am
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  • #613
  • Dec 9, 2015 8:51am Dec 9, 2015 8:51am
Quoting Winston Reed
{image}{image}
hi Wiston,

nice

my entry at the price bounce back to previous breakout area
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cheers
  • #614
  • Edited 10:46am Dec 9, 2015 8:55am | Edited 10:46am
Simple
From now on I will only be charting 1h/60min charts and recommend all to stick to only one timeframe. Tim Morge has said not to mix timeframes to try to spot more entries.


I also recommend not looking at more than 5 charts/instruments at a time.
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The things that we love tell us what we are Thanks Redsword11 and Tim Morge
  • #615
  • Dec 9, 2015 10:05am Dec 9, 2015 10:05am
Quoting eaglestar
From now on I will only be charting 1h/60min charts and recommend all to stick to only one timeframe. Tim Morge has said not to mix timeframes and try to spot more entries.
OK will repect your decision no more HTF/LTF mixing
But if you think about it, if you have a daily median line that price has not yet met, you know that the longer time frame intention of price is to touch the center line (80% of the time), now if you spot a lower time frame frequency that points in the same direction, I think this is great confluence.
Also I understand that it can become complex, especially in conflicting situations.
Another observation about median lines re-test entries: only tests and re-tests on the same time frame of the ML are reliable.
For example if you draw a 4H fork, don't watch the 30m TF for re-test and separation, because almost always there will be a reaction on a lower time frame...

Quoting Winston Reed
Good article on entries and defining "separation". http://marketgeometry.com/free-resou...es/articles/-3
That was helpful. Thanks.

Because eaglestar posted the EURUSD chart with a reverse median line, the following article explains how to draw it.
And has also some info about energy points.
http://www.medianline.com/articles/F...Vibrations.pdf
the 3rd wave is the crowd's wave
  • #616
  • Dec 9, 2015 12:11pm Dec 9, 2015 12:11pm
Quoting juriFX
{quote} OK will repect your decision no more HTF/LTF mixing But if you think about it, if you have a daily median line that price has not yet met, you know that the longer time frame intention of price is to touch the center line (80% of the time), now if you spot a lower time frame frequency that points in the same direction, I think this is great confluence. Also I understand that it can become complex, especially in conflicting situations. Another observation about median lines re-test entries: only tests and re-tests on the same time...
I think that eventually you can use different timeframes but you can't use multiple timeframes to get an entry. Trade the chart in front of you. Don't try to switch back and forth. :nerd:
The things that we love tell us what we are Thanks Redsword11 and Tim Morge
  • #617
  • Dec 9, 2015 12:53pm Dec 9, 2015 12:53pm
Filled on silver trade - been watching this for a few weeks - lets see what happens next.
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  • #618
  • Dec 9, 2015 1:19pm Dec 9, 2015 1:19pm
For me, entries have always been the issue. Whenever I try to enter on a touch of the fork before the center line is hit, I get creamed. When I try to enter after the center line has been touched, I get creamed. When I try to enter on an "energy point", it never reaches there. When price starts taking out small swings and I believe the trend has turned and I draw a ML set, I wait for a pullback and it never gets there. Then if it does get there on the pullback, it keeps going in the opposite direction and turns into a loss. Entries are the hardest part of trading for me. I was waiting on the GBP/USD for a touch on the energy point for a long but it never got there. Even if it touched the energy point, I would wait for confirmation that the downtrend was over (taking out small swings to the upside) and then wait for a pullback to the lower ML, but that usually does not happen for me. Then I usually end up chasing something that turns into a loss.

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  • #619
  • Dec 9, 2015 2:18pm Dec 9, 2015 2:18pm
Attached is my simple Yen chart. I should have been short at the upper ML, but wasn't UGH!!! One of the things Tim Morge always talked about was a swings job. The major swings job is to take out another swing. In this case, the most recent swing high was unable to take out the prior swing high before turning lower, so that would be a high probability for a setup. The stop loss was ideal as well. Oh well!!!! Hindsight is 20//20. Like I said...entries are the hardest art for me.
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  • #620
  • Dec 9, 2015 3:05pm Dec 9, 2015 3:05pm
Quoting brianv
For me, entries have always been the issue. Whenever I try to enter on a touch of the fork before the center line is hit, I get creamed. When I try to enter after the center line has been touched, I get creamed. When I try to enter on an "energy point", it never reaches there. When price starts taking out small swings and I believe the trend has turned and I draw a ML set, I wait for a pullback and it never gets there. Then if it does get there on the pullback, it keeps going in the opposite direction and turns into a loss. Entries are the hardest...
With your chart zoomed out so far on a 15m time frame it is very difficult to analyze price action.
1. price retests the upper median line with a strong close. Shorts not advised
2. Indecision
3. Price closes below upper median line with good separation.
4. Price retests the upper median line again. Sell here with stop above 2 or 3.
5. Still testing. If you were still waiting then this was another chance.

At the median line price zoomed it but did not retest sufficiently for a trade IMHO.
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