Disliked{quote} Hello terryt1bbs. sorry for the tardiness in responding. To answer your question, Not necessarily. You see, not all basing candles are 50% candles and not all 50% candles are basing candles. the idea is never, ever to look for basing first. Find the big moves first and you will find the basing. Never the other way round. hope that helps best wishesIgnored
- #1,083
- Aug 24, 2016 3:27pm Aug 24, 2016 3:27pm
- | Commercial User | Joined Jan 2016 | 2,682 Posts
Be careful what you think because your thoughts run your life..Solomon
- #1,084
- Aug 24, 2016 3:31pm Aug 24, 2016 3:31pm
- | Commercial User | Joined Jan 2016 | 2,682 Posts
Be careful what you think because your thoughts run your life..Solomon
- #1,086
- Aug 25, 2016 4:59am Aug 25, 2016 4:59am
EUR/GBP analysis.
Price is high on the curve at the weekly timeframe, and made a reaction at Weekly supply level. allowed to look for shorts? 
Daily supply created at weekly supply level. 
Trend is down at 4hr. Supply zones are being created while Demand has been taken out.
Looking for an entry at 4hr timeframe. Supply zone a possible short entry area...? 
Price is high on the curve at the weekly timeframe, and made a reaction at Weekly supply level. allowed to look for shorts?
Daily supply created at weekly supply level.
Trend is down at 4hr. Supply zones are being created while Demand has been taken out.
Looking for an entry at 4hr timeframe. Supply zone a possible short entry area...?
- #1,087
- Aug 25, 2016 5:27am Aug 25, 2016 5:27am
- | Commercial User | Joined Jan 2016 | 2,682 Posts
Be careful what you think because your thoughts run your life..Solomon
- #1,088
- Aug 25, 2016 6:04am Aug 25, 2016 6:04am
- | Commercial User | Joined Jan 2016 | 2,682 Posts
{quote} Hello Pipsalon. Than you for sharing your thoughts on EUR/GBP Correct. Shorts are higher probability currently, in the short term. The caution i see in the charts you kindly posted is that shorting at the 4hr SZs rather than the daily would be putting those 4hr SZs up against the daily DZ price is reacting to at present. Higher time frames tend to overwhelm the lower time frames usually, so that is why if this market is going to go lower, I personally, prefer the shorts a bit higher up. The 4hr SZs could work no doubt, just not high enough...
Here is what i see, in pictures, on the EUR/GBP, Weekly and then daily charts
best wishes
Be careful what you think because your thoughts run your life..Solomon
- #1,091
- Aug 25, 2016 4:54pm Aug 25, 2016 4:54pm
- | Commercial User | Joined Jan 2016 | 2,682 Posts
Be careful what you think because your thoughts run your life..Solomon
Hello traders!
I want to share my experience of trading student since about 2 years. I started to learn trading by myself, reading websites, books and follow an italian forum. My first approach to the market was with Jarroo method, we have a lot of posts on FF about this strategy, based on support and resistence. I tried to work with it for long time but with no results. So I decided to try to change something. I started to use a lot af indicator, fibo retracemet, bollinger bands, MACD, volumes, stochastic oscillator ecc. The resoults? My charts were fully of lines,grafics,numbers, colors and my brain completely confuse. I arrived at the conclusion that my brain needed something different for understand how market work and how try to take profit with it.
Casually, I started to use Instagram and followed some traders that sometimes showed big monthly gain, expensive cars or motivational phrases. This is not my world, this is not what I want. But between this posts I found something: supply and demand. I didn't know what it was. I typed it on google and BUM! A post on FF removed my thirst of knowledge! I started to study S&D in April and I found this approach to the market more ease for my brain but something was wrong. My monthly target is always the 10% of my account and in April gain the 3.55%, in March loss -7,53%, in June loss -0,82%.
The turning point came when a new friend (thank you Conom589
) highlighted to me this thread. I found here new friends, a great teacher and the desire to interact with them, show my mistakes, try to understand the problem and hope that a lesson is also useful for me to others. The resoults? On July gain 11,66% and in August gain 14,08%. These are the highest resoults in two years of demo trading. I know that two months in profit don't make me a trader but show me that this is the right way for reach my next step: open a real account before the end of this year.
If I may, I want say to all people that follow this tread on backgroud: don't stay alone! Come with us, post your charts and let us learn from you and you learn from us!
Cheers,
Mauro
I want to share my experience of trading student since about 2 years. I started to learn trading by myself, reading websites, books and follow an italian forum. My first approach to the market was with Jarroo method, we have a lot of posts on FF about this strategy, based on support and resistence. I tried to work with it for long time but with no results. So I decided to try to change something. I started to use a lot af indicator, fibo retracemet, bollinger bands, MACD, volumes, stochastic oscillator ecc. The resoults? My charts were fully of lines,grafics,numbers, colors and my brain completely confuse. I arrived at the conclusion that my brain needed something different for understand how market work and how try to take profit with it.
Casually, I started to use Instagram and followed some traders that sometimes showed big monthly gain, expensive cars or motivational phrases. This is not my world, this is not what I want. But between this posts I found something: supply and demand. I didn't know what it was. I typed it on google and BUM! A post on FF removed my thirst of knowledge! I started to study S&D in April and I found this approach to the market more ease for my brain but something was wrong. My monthly target is always the 10% of my account and in April gain the 3.55%, in March loss -7,53%, in June loss -0,82%.
The turning point came when a new friend (thank you Conom589
) highlighted to me this thread. I found here new friends, a great teacher and the desire to interact with them, show my mistakes, try to understand the problem and hope that a lesson is also useful for me to others. The resoults? On July gain 11,66% and in August gain 14,08%. These are the highest resoults in two years of demo trading. I know that two months in profit don't make me a trader but show me that this is the right way for reach my next step: open a real account before the end of this year.If I may, I want say to all people that follow this tread on backgroud: don't stay alone! Come with us, post your charts and let us learn from you and you learn from us!
Cheers,
Mauro
Limit your loss, save partial gain and let the profit run!
- #1,093
- Aug 27, 2016 7:15am Aug 27, 2016 7:15am
Hello traders! .... If I may, I want say to all people that follow this tread on backgroud: don't stay alone! Come with us, post your charts and let us learn from you and you learn from us! Cheers, Mauro {image}
{quote} Congratulatios! And thanks for sharing your experience. It is really inspiring. I have been interested in S/D trading for a while.. but since I got with this thread I have been quite interested in S/D understanding. I have had nice trades for the past 2 months, really good results so far aswell. So I wanna thanks Michael for one of the most valuable information I found so far in my 2 years and a half of trading, and also to thanks all who has been contributing. I have been a silent watcher so far, but I will try to share whenever I can....
We can't wait to see your chart and your opinions about the market!
Limit your loss, save partial gain and let the profit run!
- #1,096
- Aug 27, 2016 2:35pm Aug 27, 2016 2:35pm
- | Commercial User | Joined Jan 2016 | 2,682 Posts
Be careful what you think because your thoughts run your life..Solomon
- #1,099
- Aug 28, 2016 4:49pm Aug 28, 2016 4:49pm
- | Commercial User | Joined Jan 2016 | 2,682 Posts
Be careful what you think because your thoughts run your life..Solomon
