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Alphac's Journal

  • #181
  • Aug 26, 2016 5:49am Aug 26, 2016 5:49am
I wouldn't call it guessing, you were being sensible, a small profit or break even is better than any loss.
  • #182
  • Aug 26, 2016 5:56am Aug 26, 2016 5:56am
CADCHF 4 hour chart.

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  • #183
  • Aug 27, 2016 1:14pm Aug 27, 2016 1:14pm
Quoting alphac
a few simple lines on a chart can be so powerful, almost like a roadmap for price sometimes, being able just to plot s & r areas (and supply and demand areas) puts you so far ahead of the game it's almost unfair, why anyone wants indicators and systems to tell them where to trade leaves me baffled now, but like most i once went down that route and had to lose money before i learnt there's a better way. I can't emphasize enough how important it is to spend time looking at charts and learning where these areas appear, when you start putting your lines...
thanks for ur kind words,i just started reading ur thread, nice ,can u elabrat on what u look for in charts,do u touch trade r wait for conformation, if so what type of conformation ,sorry for my enghlish
  • #184
  • Aug 28, 2016 8:03am Aug 28, 2016 8:03am
Quoting rajini
{quote} thanks for ur kind words,i just started reading ur thread, nice ,can u elabrat on what u look for in charts,do u touch trade r wait for conformation, if so what type of conformation ,sorry for my enghlish
Usually I just wait for price action at significant areas, confirmation is usually a confluence of both or with added divergence. I touch trade on supply and demand areas ( I posted some charts earlier in the thread).
  • #185
  • Aug 28, 2016 3:06pm Aug 28, 2016 3:06pm
Was going to do some follow ups on charts I've already posted, I'll see what I can do. Been very busy though and will be busy this week too. Plenty of silliness on the charts friday, several Outside Bars on the charts now.

AUDCAD Daily

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GBPUSD Daily

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NZDUSD Daily. Near a trouble area.

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  • #186
  • Aug 28, 2016 3:49pm Aug 28, 2016 3:49pm
EURSGD Daily. An update I guess to Post #153. BEOB.

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  • #187
  • Aug 28, 2016 3:53pm Aug 28, 2016 3:53pm
USDTRY Daily. An update to Post #154, Price still caught in this area, could be a nice break when it moves.

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  • #188
  • Aug 28, 2016 3:56pm Aug 28, 2016 3:56pm
BRENT OIL (UK) Weekly chart.

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  • #189
  • Aug 28, 2016 4:02pm Aug 28, 2016 4:02pm
NASDAQ 100 4 hour chart, I've been watching this area (Post #130), this is the 4 hour chart rather than the daily, interesting to see this huge BEOB (compared to all the other bars on the chart) retraced straight away, still watching.

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  • #190
  • Aug 28, 2016 4:08pm Aug 28, 2016 4:08pm
EURUSD Daily chart.

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  • #191
  • Aug 29, 2016 12:55am Aug 29, 2016 12:55am
Quoting alphac
{quote} Usually I just wait for price action at significant areas, confirmation is usually a confluence of both or with added divergence. I touch trade on supply and demand areas ( I posted some charts earlier in the thread).
thank u very much for ur quick respone,keep the good work going
  • #192
  • Aug 29, 2016 5:02am Aug 29, 2016 5:02am
EURJPY 4 hour chart, maybe getting a return to the top of this area.

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  • #193
  • Aug 30, 2016 3:30pm Aug 30, 2016 3:30pm
GBPUSD 1 hour chart, update to Post #185. After the move after the BEOB there's now this 'box' formed which can be a nice area to look for trades on the lower timeframes.

1 hour chart showing the box which has formed around the FTA from the Daily chart, Post #185

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  • #194
  • Aug 30, 2016 3:40pm Aug 30, 2016 3:40pm
EURJPY Daily chart, update to post #192, may well be a BUOB form here on the daily chart, see also the 4 hour chart where a not so great looking pinbar formed on the ppz earlier, combining with the next bar would have been a better looking 2 bar pinbar. Have been away and just got back so will update other stuff when I get some more time.

Daily

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4 hour chart

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  • #195
  • Aug 31, 2016 6:38am Aug 31, 2016 6:38am
GBPUSD 1 hour chart, update to Post #193, price has shot out of the box, will wait to see if there's a retrace to the top of the box.

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  • #196
  • Aug 31, 2016 1:15pm Aug 31, 2016 1:15pm
AUDJPY 4 hour chart.

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  • #197
  • Aug 31, 2016 1:17pm Aug 31, 2016 1:17pm
CADCHF 4 hour chart.

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  • #198
  • Aug 31, 2016 4:29pm Aug 31, 2016 4:29pm
CADCHF 4 hour chart, update to last post, large 8 hour pinbar.

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  • #199
  • Aug 31, 2016 4:42pm Aug 31, 2016 4:42pm
I'll just add this chart showing pros and cons of the above as I have a few minutes.

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  • #200
  • Sep 1, 2016 3:37am Sep 1, 2016 3:37am
CADCHF 15 minute chart, just to show the reaction to the trouble area, which has now turned to a ppz. These are really handy when you can identify them for trade management. Yes price bars could have stopped there randomly I know, but more often than not price reacts, especially as this was after the the first big push away from the pinbar.

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