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How to predict markets, Catch the moves at value

  • #321
  • Sep 5, 2016 4:09am Sep 5, 2016 4:09am
Quoting v2vboni
{quote} Oh! you've been here... good to know. Makati City is a good place, especially Greenbelt area. There are other cool places nearby like the one where I grew up, called Bonifacio Global City, part of military base camp before. I live near that place as my father is a Vietnam & Korean war veteran. If ever you come here again, just let know... but not in too distant future ; )- unless you have a very important business that you need to be here. Why? ---The President here formally declared a state of lawlessness in the country because Abu Sayyaf...

aww...........love it, Cafe Havana in greenbelt, I have a condo in Salcedo Village Tourdisilas Makati behind Citibank. Wow your grew up near Market Market. When I was younger I used to club at the Embassy in the Fort. Most of my Trader Friends have chose Makati/Fort as second homes, Rockwell a little over priced.

Yes Davao City, shame what happened. love Davao is clean and peaceful normally. I did the Dorian Shake thing there, so many other good things, across from Dav you have the little ferry ride then a bike ride then your at Blue Jazz resort with a swimming pool that sinks into the sea,

My Wife is from Gen Santos, another great City. Good stuff Secrets of a Pivot Boss, buy it. This methods are what we use. Time tested, But put your own spin on it. Camerilas all that I hate them. I am a pivot purist. THE FLOOR PIVOTS
  • #322
  • Sep 5, 2016 4:10am Sep 5, 2016 4:10am
Quoting kef2138
Busy weekend in this thread. Lots to catch up with. {quote} Nicely done!
Thanks! However, I only filled half of the potential GAPS ; ( but it is okay I gained positive experience for this trade and it is not everyday for me to have 170 pips in one instrument. Still all good Monday trading for me : )
Attached Image (click to enlarge)
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Since Frank Sinatra sings in his own way, my chart sing... I did it, my way
  • #323
  • Sep 5, 2016 4:15am Sep 5, 2016 4:15am
Quoting Jfx
{quote} {quote} No worries, I was just recommending labeling source materials you're cutting and pasting here when you post them. (by the way, I'm not recommending Frank Ochoa. I think the company he works for, Nirvana Systems is a rip off. I would recommend reading Toby Crabel though, the person whose system he copied.) Maybe I'm having a hard time understanding your English, but you said "​If hold below pp target S! take half profit on median. If market Gaps up above PP Weekly dont enter wait for the fade back to Value at PP and enter" But...
Hi JFX your most welcome and your insights would be great to have here, You know exactly what your taking about and please contribute freely.
  • #324
  • Sep 5, 2016 4:17am Sep 5, 2016 4:17am
Quoting v2vboni
{quote} Thanks! However, I only filled half of the potential GAPS ; ( but it is okay I gained positive experience for this trade and it is not everyday for me to have 170 pips in one instrument. Still all good Monday trading for me : ) {image}

So good to know your mastering repitition Market Gaps up fades Back, road maps, ye we got them. Adding perspective is what we are doing on the Play be play

You got a open market and now your viewing it with a different perspective
  • #325
  • Sep 5, 2016 4:45am Sep 5, 2016 4:45am
Quoting Dennis1468
{quote} aww...........love it, Cafe Havana in greenbelt, I have a condo in Salcedo Village Tourdisilas Makati behind Citibank. Wow your grew up near Market Market. When I was younger I used to club at the Embassy in the Fort. Most of my Trader Friends have chose Makati/Fort as second homes, Rockwell a little over priced. Yes Davao City, shame what happened. love Davao is clean and peaceful normally. I did the Dorian Shake thing there, so many other good things, across from Dav you have the little ferry ride then a bike ride then your at Blue Jazz...

Just like what I thought of... Cafe Havana, frequented by like minded people who enjoys drinks, music and good conversation which gets even better if you stayed till past midnight ; )- I used to bring my Indian and Greek colleague there back in my working days in Makati. The Embassy in the Fort was one of the early structures that was built there. At these time, the place is being monitored for party drugs. Yes, Davao is a nice place, nearby is Samal island. I went to a 1,000-foot-long Monfort Bat Cave, a home to about 2.4 million bats. It made the Guinness Book of World Records. Then I went to a fresh water swim at Hagimit falls... after that, I tried a slide high up the cliff down to ocean. Then finally stayed at Hof Gorei Beach Resort. Durian is one of my favorite fruit, second to Mangoes, Oh General Santos City, the Tuna Capital, home province of now Senator, Pacquiao! ---never been there

I'm reading that book at the moment as I just had my target pips for today.
Since Frank Sinatra sings in his own way, my chart sing... I did it, my way
  • #326
  • Sep 5, 2016 5:05am Sep 5, 2016 5:05am
Quoting Dennis1468
Around 16 years ago one of my friends told me about trading and that captured my interest so I started on demos clean charts and did reasonably well for about a year then I opened my first account with 10 k. I figured thats it I will be self-employed and my life will be awesome. Things did not work out that way. My first mistake was that I thought I could be self- employed on a 10 k account. My second mistake was thinking that 1 lot is ok leverage on 10 k. Well it is not ok! Things went reasonably well for about 3 month of trading live then 1 lot...
Nice one Dennis - its amazing how many times we all seem to have gone around that block a few times, never bumping into anyone lol .. but as they say its the ones that dont give up ..
  • #327
  • Sep 5, 2016 5:21am Sep 5, 2016 5:21am
Quoting vwap
{quote} Nice going Dennis, GU looks like another bounce off of TC/CPR and possible break of IB high (UK Sess) again for another scalp north.

Yes market has to Fill the Gap on the fade back, Big money floats around the CPR and S1
  • #328
  • Sep 5, 2016 5:24am Sep 5, 2016 5:24am
Quoting v2vboni
{quote} Just like what I thought of... Cafe Havana, frequented by like minded people who enjoys drinks, music and good conversation which gets even better if you stayed till past midnight ; )- I used to bring my Indian and Greek colleague there back in my working days in Makati. The Embassy in the Fort was one of the early structures that was built there. At these time, the place is being monitored for party drugs. Yes, Davao is a nice place, nearby is Samal island. I went to a 1,000-foot-long Monfort Bat Cave, a home to about 2.4 million bats....
Beautiful............Home is where the heart is
  • #329
  • Sep 5, 2016 5:25am Sep 5, 2016 5:25am
Quoting dean1star
{quote} Nice one Dennis - its amazing how many times we all seem to have gone around that block a few times, never bumping into anyone lol .. but as they say its the ones that dont give up ..

Absolutely, Those that dont give up end up coming through the ranks.............Take along long time to get a promotions in this business...yes I know what you mean...nice one
  • #330
  • Sep 5, 2016 5:30am Sep 5, 2016 5:30am
Hello, was gbpjpy a short when it failed on the 5min poc/pivot break out? would s1 look ok for a buy as it appears to still be in an uptrend?
Attached Image (click to enlarge)
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  • #331
  • Sep 5, 2016 5:58am Sep 5, 2016 5:58am
Quoting v2vboni
I closed my UC earlier but I think it was too early. Nevertheless, I gained a total of 170 pips Now, I'm on AUDUSD {image} {image}

Hi V2V, It looks like you have taken first 6 candles of one hour chart to derive the initial balance. is that correct or we should look for first one hour using 15min chart? please correct me as i'm getting confused here.
  • #332
  • Sep 5, 2016 6:20am Sep 5, 2016 6:20am
Quoting vwap
{quote} Nice aggressive longs on AUDUSD this morning v2 well done, carrying over the bullish sentiment with the higher value two day relationship on this pair and that lovely gap from fridays nfp to be filled. Nice trading!
Excellent
  • #333
  • Sep 5, 2016 6:40am Sep 5, 2016 6:40am
Quoting OAPDave
Are you talking something like this if so what times are you talking {image}
I don't understand what you guys are calculation using the chart above.

What does the BLUE boxes denote and what signal is the ORANGE rectangle giving to traders.

I love your analysis but will really love to understand its usage and interpretations; for trading decision making.
  • #334
  • Sep 5, 2016 6:48am Sep 5, 2016 6:48am
Quoting Dennis1468
{quote} I am assuming your charts shows the opening range at the start of the day i.e The Initial Balance Range established from the first hour of trading based on daily pivot point being set on standard Eastern to show the day open. So the IB is from the Low to the High from the first hour of the open. I normally gauge this using 15 bar charts.
Hi Dennis, You had mentioned here that the IB is calculated using the High to the Low of first hour from the open. so when you use the 15min chart, then it consist of 4 candles, rite? Is IB calculated always using ONLY one hour or it can be any number of hours? is there a logic behind it please?
  • #335
  • Sep 5, 2016 7:16am Sep 5, 2016 7:16am
Hi Yes, i use 4 x 15 bars

Different traders have different preferences for different indices. I find IB first hour is pretty much just the right amount of time to nail the play by play for the rest of the day.

As a trader I pretty much only trade UJ from the start line, and only board on to EU as opposite to expand profits when in my favor.

but as base I make my living of UJ. When loosing i mostly double down on EU same play to balance out. However theres a lot more to it then that will cover that part later
  • #336
  • Sep 5, 2016 7:35am Sep 5, 2016 7:35am
Quoting Dennis1468
Hi Yes, i use 4 x 15 bars Different traders have different preferences for different indices. I find IB first hour is pretty much just the right amount of time to nail the play by play for the rest of the day. As a trader I pretty much only trade UJ from the start line, and only board on to EU as opposite to expand profits when in my favor. but as base I make my living of UJ. When loosing i mostly double down on EU same play to balance out. However theres a lot more to it then that will cover that part later
thanks Dennis. When we take the first hour to derive the IB, the range (high and low) of this first hour will be very thin due to the start hour of the day, so is that enough to use as IB and trade the rest of the day based on it? Sorry if i'm asking too many dumb questions... i'm just making my self clear on the base....
  • #337
  • Edited 8:37am Sep 5, 2016 8:25am | Edited 8:37am
Quoting tradeforlife
{quote} Hi V2V, It looks like you have taken first 6 candles of one hour chart to derive the initial balance. is that correct or we should look for first one hour using 15min chart? please correct me as i'm getting confused here.

Please see the attached screenshot. I plotted the IB box on a M15 chart in order to identify Highs & Lows within the said session time frame.

#1 (During Asian Session: NY closed/Sydney-Tokyo Open)
#2 (During London/EU Session: Sydney/Tokyo Open - Sydney-Tokyo Closed

I think, you have a freedom on how many candle bars you would like to plot your highs & lows (moderate or aggressive approach)
Attached Image (click to enlarge)
Click to Enlarge Name: Image2.png Size: 28 KB
Since Frank Sinatra sings in his own way, my chart sing... I did it, my way
  • #338
  • Sep 5, 2016 8:33am Sep 5, 2016 8:33am
Quoting Dennis1468
First Open Relationship In Range and In Value {image}
Hey Dennis, reading through p.87 in Secrets of a Pivot Boss book, please can I ask you a quick question:

for example today on AUDUSD the market opened above Fridays pivot range, inside its price range and in value, so this would make todays AUDUSD is the first relationship; In Range and In Value

(Price opens within range and value, market sentiment has not changed from the prior session.)

Please do I understand the type of relationship correctly? Thank you in advance!
  • #339
  • Edited 10:25am Sep 5, 2016 9:14am | Edited 10:25am
...continuation
USDCAD...
Attached Image (click to enlarge)
Click to Enlarge Name: Image2.png Size: 31 KB
Since Frank Sinatra sings in his own way, my chart sing... I did it, my way
  • #340
  • Sep 5, 2016 9:28am Sep 5, 2016 9:28am
Quoting v2vboni
...continuation USDCAD... {image}
retracement to IB low and then continuation of the fade. Nicely done!
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