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High probabilities on FR40EUR

  • #41
  • Jan 30, 2017 6:05pm Jan 30, 2017 6:05pm
Quoting limprobable
{quote} Hello, For now, i will not tell how these levels determined. But, it's quite simple. Anyway, my levels are not the most important. You can determine your own level. Cause when you are in range market, most of prices are revisited. My targets are on h1, but i look 5mn mtf too. As you see on my previous post i have a h1 tp but it can change every 5 mn as well as SL. When i take a bad entry, most of the time price come back to my enter, then i am out at BE. If price not come back, in a straight big trend (rare event but sometimes happens),...

Ok, so I guess the question really boils down to how does one determine when hes in a range and when hes in a trend. As most know price moves in and out of both phases at will.

Your thread caught my attention because its very similar to what Eurusd was talking about in one of his threads.
  • #42
  • Edited 5:12am Jan 31, 2017 3:08am | Edited 5:12am
Quoting wowzers
{quote} Ok, so I guess the question really boils down to how does one determine when hes in a range and when hes in a trend. As most know price moves in and out of both phases at will. Your thread caught my attention because its very similar to what Eurusd was talking about in one of his threads.
The question is when price will reach these levels. There is a very high probability that price reaching them. But there is always levels up and down. So the question is what level will be touch first.

The similarity with Eurusd is the "phylosophy": price are recurrent. But i dont know how Eurusd determines his levels, thaht's why i determined mine. If you have read Cruicialpoint thread, and if you dig a little, you can discover that there is up and down trend in the same time.

But we are traders, so you must determine one trend, your trend. You must determine what happen now.
Bottomless wonders spring from simple rules, which are repeated without end
  • #43
  • Edited 3:52am Jan 31, 2017 3:39am | Edited 3:52am
Attached Image (click to enlarge)
Click to Enlarge Name: FR40EURH1.jpg Size: 153 KB


Do not take into account the TP. Here my entry was not very good but still in trade. Ideal entry was 4785 as you see in graphic.
Bottomless wonders spring from simple rules, which are repeated without end
  • #44
  • Edited 6:18am Jan 31, 2017 5:32am | Edited 6:18am
Quoting limprobable
{quote} you can discover that there is up and down trend in the same time. But we are traders, so you must determine one trend, your trend. You must determine what happen now.
Very simple concept, but The basis of the misunderstanding: buyer and seller are winner but have a different views

Attached Image (click to enlarge)
Click to Enlarge Name: EURUSDH1.jpg Size: 93 KB


Same concept based on last hour: buyer and seller are winner but have a different views

Attached Image (click to enlarge)
Click to Enlarge Name: EURUSDH11.jpg Size: 72 KB


It's valid for every MTF. In one single MTF, multiple views, in all MTF, thousands different views... thousands traders.

One of the principal reason that successfull traders have differents approach, thats why you must developp your own style of trading. Nobody has the same brain
Bottomless wonders spring from simple rules, which are repeated without end
  • #45
  • Jan 31, 2017 5:58am Jan 31, 2017 5:58am
"95% of the time, Price will close either above or below the opening price. Less than 5% of the time, Price will close at its opening price."

If someone can explain to me how to trade this, I would be eternally grateful to him
Bottomless wonders spring from simple rules, which are repeated without end
  • #46
  • Feb 1, 2017 3:08am Feb 1, 2017 3:08am
update:

Attached Image (click to enlarge)
Click to Enlarge Name: FR40EURH1.jpg Size: 159 KB
Bottomless wonders spring from simple rules, which are repeated without end
  • #47
  • Feb 1, 2017 9:02am Feb 1, 2017 9:02am
Update: it was a very bad trade but end +15 pips exit at 4815

Attached Image (click to enlarge)
Click to Enlarge Name: FR40EURH1.jpg Size: 296 KB
Bottomless wonders spring from simple rules, which are repeated without end
  • #48
  • Feb 2, 2017 3:19am Feb 2, 2017 3:19am
Another vision:

Attached Image (click to enlarge)
Click to Enlarge Name: FR40EURH4.jpg Size: 112 KB
Bottomless wonders spring from simple rules, which are repeated without end
  • #49
  • Feb 2, 2017 3:22am Feb 2, 2017 3:22am
Another vision:

Attached Image (click to enlarge)
Click to Enlarge Name: FR40EURM5.jpg Size: 86 KB
Bottomless wonders spring from simple rules, which are repeated without end
  • #50
  • Feb 2, 2017 4:40am Feb 2, 2017 4:40am
exit at BE
Bottomless wonders spring from simple rules, which are repeated without end
  • #51
  • Edited 6:43am Feb 2, 2017 5:30am | Edited 6:43am
Sell 4805 based on 5mn

Edit: Exit at BE
Bottomless wonders spring from simple rules, which are repeated without end
  • #52
  • Feb 2, 2017 6:53am Feb 2, 2017 6:53am
Sell again 4810. SL at BE.
It's a 5mn entry but with a 1h perspective. That's why precedent trade i did not take +10 pips but wait and SL hit.
Bottomless wonders spring from simple rules, which are repeated without end
  • #53
  • Feb 2, 2017 6:59am Feb 2, 2017 6:59am
Can take again quikly +10 pips profit now, but wait. Maybe a mistake, only market knows. Cause this is a contretrend trade against 1 h trend, but i am with the down trend on 5 mn.

We wil know the answer during this hour.
Bottomless wonders spring from simple rules, which are repeated without end
  • #54
  • Feb 2, 2017 7:16am Feb 2, 2017 7:16am
Downtrend confirm now on 15mn. 1h trend bull
Bottomless wonders spring from simple rules, which are repeated without end
  • #55
  • Feb 2, 2017 7:29am Feb 2, 2017 7:29am
Becarefull, my up and down definition of a trend is not yours cf post 44.
Bottomless wonders spring from simple rules, which are repeated without end
  • #56
  • Feb 2, 2017 7:37am Feb 2, 2017 7:37am
m5 is bull now. but i keep my SL at 4810. Maybe continuation of 1 h trend or first pull back of the contertrend.
Bottomless wonders spring from simple rules, which are repeated without end
  • #57
  • Feb 2, 2017 7:53am Feb 2, 2017 7:53am
Dont mention TP, but firts tp is 4790. We will see if and when price hit 4790.
Bottomless wonders spring from simple rules, which are repeated without end
  • #58
  • Feb 2, 2017 8:03am Feb 2, 2017 8:03am
SL at 4805 +5pips if hit. 1 hour dont confirm a clearly down trend.
Bottomless wonders spring from simple rules, which are repeated without end
  • #59
  • Feb 2, 2017 9:25am Feb 2, 2017 9:25am
SL hit: waiting next hour now

Attached Image (click to enlarge)
Click to Enlarge Name: FR40EURH1.jpg Size: 277 KB
Bottomless wonders spring from simple rules, which are repeated without end
  • #60
  • Last Post: Feb 2, 2017 9:48am Feb 2, 2017 9:48am
2 Range: last 4 days and last 5 hours

Attached Image (click to enlarge)
Click to Enlarge Name: FR40EURH1.jpg Size: 295 KB
Bottomless wonders spring from simple rules, which are repeated without end
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