Attachments: Dragon Riders GBP/JPY

Dragon Riders GBP/JPY

#18,161
Jun 10, 2016 4:14am Jun 10, 2016 4:14am

geektrader
| Commercial User | Joined Jul 2010 | 930 Posts

Quoting Feo

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calling all passengers, flight 154.61 toward 169.46 Please have passports and luggage to hand.

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Attached Image

#18,162
Jun 10, 2016 4:20am Jun 10, 2016 4:20am

HaLBot
Joined Jan 2016 | Status: Trader | 5,200 Posts

Quoting geektrader

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{quote} {image}

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And parachutes...

Don't Leave Money on the Table

#18,163
Jun 10, 2016 4:26am Jun 10, 2016 4:26am

Don96
Joined Dec 2015 | Status: Trader | 7,803 Posts

Quoting Feo

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{quote} Morning I don't know if you use pivots, but it is something that perhaps should be taken into consideration. The Resistance 1 Pivot is a sell order, and the Support 1 Pivot is a buy order. So these 2 are always the most extreme price will move, before a clear breakout. And the breakout will not occur on the first attempt. There are 10 scenarios that play out. Let's use today as an example. (1) If London's first hour closed below the S1, then price can either A ) retrace back up to to close above the S1 then the following can occur:...

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do you realise how subjective this is?

#18,164
Jun 10, 2016 4:28am Jun 10, 2016 4:28am

Cm7
Joined Mar 2016 | Status: Trader | 3,813 Posts

Quoting geektrader

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{quote} {image}

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ROFL

#18,165
Jun 10, 2016 5:09am Jun 10, 2016 5:09am

Don96
Joined Dec 2015 | Status: Trader | 7,803 Posts

Quoting Feo

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calling all passengers, flight 154.61 toward 169.46 Please have passports and luggage to hand.

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was a perfect sell

#18,166
Jun 10, 2016 5:18am Jun 10, 2016 5:18am

Feo
| Joined Mar 2015 | Status: Trader | 622 Posts

Quoting calstock

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{quote} I do like the way you use the pivots, they are different to mine. Do you get them from a site , platform or do you work them out yourself?

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Good Afternoon

Thank you for the question. I use the ones that my broker IG Index supplies directly on their charts.

Forex, awful to watch, AWESOME to play

#18,167
Jun 10, 2016 5:52am Jun 10, 2016 5:52am

Feo
| Joined Mar 2015 | Status: Trader | 622 Posts

Don, I have attached to show you what that long post of mine, the subjective one (lol) meant.

This first picture is actual, then the second picture is what a fake sell would be, then the third is the one that I spoke about in the subjective.

The perfect sell comes in when after there was a pause, green, then the red closes below the S1 pivot with a new low, so this hour would have been the sell candle if we were that low. The same plays out everyday.

The pasue candle, green touched 154.61 with a new high. So the perfect buy would have been at the high of that candle.

What actually is happening is that the "systems" all placed a buy order at the Support 1, and the "originator" allowed price to move up. The price touched the daily pivot and the previous hour candle was the stall upwards. There is always a stall upwards an a stall downwards.

I think we are currently busy with this setup
w - will then retrace back to S1, close above S1 then the next candle will either
x - retrace back to pivot

Attached Image (click to enlarge)

Click to Enlarge

Name: GJ Jun. 10 12.34.jpg
Size: 43 KB

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#18,168
Edited 6:14am Jun 10, 2016 6:02am | Edited 6:14am

Feo
| Joined Mar 2015 | Status: Trader | 622 Posts

Taking a position at 154.13

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Name: GJ Jun. 10 12.58.jpg
Size: 53 KB

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#18,169
Jun 10, 2016 6:16am Jun 10, 2016 6:16am

4xNewGuy
Joined Aug 2014 | Status: Apparently I'm good when I'm drunk | 400 Posts

Quoting FX-Ray

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{quote} I posted a part of the algo here: Post #4243

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Wow. That is, well, a whole lot of, wow. I can't even begin to comprehend it.

#18,170
Jun 10, 2016 6:17am Jun 10, 2016 6:17am

valter
Joined Jun 2010 | Status: At my trading desk | 295 Posts

Quoting Feo

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Taking a position at 154.03 {image}

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Hello Feo,
I understand that your candle formation apply indifferently to today S1 or yesterday S2.
Am I correct?
many thanks
regards
green pips

Edit: assuming that you entered short at 154.03

#18,171
Jun 10, 2016 6:26am Jun 10, 2016 6:26am

Feo
| Joined Mar 2015 | Status: Trader | 622 Posts

Here is cable today
Same setup around the S1 pivot, with London open rejecting the S1 pivot, a pause hour candle, then a retrace back to S1 but not making a lower low, so it indicates no sell. So the next candle is a fake sell.

The fake sell candle closes below the S1 pivot, so this hour should retrace, meaning also fake sell.

Attached Image (click to enlarge)

Click to Enlarge

Name: GBPUSD Jun. 10 13.18.jpg
Size: 61 KB

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#18,172
Jun 10, 2016 6:28am Jun 10, 2016 6:28am

saruhn
| Joined Nov 2014 | Status: Team 600 | 274 Posts

Quoting gugun555

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{quote} lol... this is too provocative.... long or short who knows now? it is only speculative, unless i am scalping i cant enter trade now in GJ will wait until price reach 153.1 or 156.4... the obvious thing in forex is uncertainty, always follow other at your own risk

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go short, o wait go long...nono wait...go short

#18,173
Jun 10, 2016 6:34am Jun 10, 2016 6:34am

Feo
| Joined Mar 2015 | Status: Trader | 622 Posts

Quoting valter

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{quote} Hello Feo, I understand that your candle formation apply indifferently to today S1 or yesterday S2. Am I correct? many thanks regards green pips Edit: assuming that you entered short at 154.03

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Good afternoon
Thank you for the question

Yesterday London was at S1 according to IG.
So we had London open touch S1, then a pause candle, then a continuation down candle that closed below the S1 pivot, then the sell candle

Attached Image

Forex, awful to watch, AWESOME to play

#18,174
Jun 10, 2016 6:40am Jun 10, 2016 6:40am

valter
Joined Jun 2010 | Status: At my trading desk | 295 Posts

Quoting Feo

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{quote} Good afternoon Thank you for the question Yesterday London was at S1 according to IG. So we had London open touch S1, then a pause candle, then a continuation down candle that closed below the S1 pivot, then the sell candle {image}

Ignored

Good afternoon,
thanks for your kind answer.
Could you please clarify:
- did you enter buy or sell at 154.03?;
- why did you open a position @154.03?
thanks
regards
green pips

#18,175
Jun 10, 2016 6:46am Jun 10, 2016 6:46am

Feo
| Joined Mar 2015 | Status: Trader | 622 Posts

Price is like a cars' wheel. Uphills, down hils and potholes are experienced. So if we just make sure that we are not approaching a pothole before we enter, we always win.
So we have the pothole being the pivots, the .00 mark and the .50 mark
We know that certain things occur around a pothole, so we are looking for price t go toward a pothole, either up the hill or down the hill.

If price is going a certain way, we look at it from the other side. Meaning if price is moving, you really should invert your monitor display on your graphics card setting, in such a way that price is always above the pivot. Because that is the magnet for price, the equilibrium.

It's a total mind blowing experience, but you will read price better, and you will understand that price for the close of day has already been posted before the day opens. On every time frame, every candle for that time frame has already been painted by the "originator", and the "system" is is being played in reverse, this is what you see on the chart.

If in doubt, take any time frame, the complete day, change the candle colours to opposite. Green to red and red to green, then invert the chart.

Forex, awful to watch, AWESOME to play