"AUSSI" my thread and anything I want to put here

And like clockwork ,, the "professionals" and news pundits all over it ,,,, even tho its been in the works for months and months , bit like the weatherman when says chance of rain today and ya have been working in it for hours ,, lol,, well no shit sherlock ,,, forest view basically as posted earlier ,, not much time ,, but an update at any rate ,,, cheers traders steady as it goes

Man , I go against the market ,got out .Losing .Another lesson , always lesson every day .

Munchie i am in same position as you, but i've been researching the markets before you and so far I have come to 3 conclusion.

1. Mark the opening of Month, Week, Day and even Year. Why?

- Because the candle is formed with 5 steps
1. The open of candle
2. The wick of candle
3. The body of candle
4. Another wick of candle
5. Close of candle

There are many times the Open are respected, and the information it gives is valuable, to see where you can start to look for information to make decisions

2. The momentum.

If you see many bull candles and not much of red candles, there is bullish momentum in market, especially if you see there are many big full candle bodies with little wicks. There are many cases where market operates, this way: Impulsive and corrective moves. In a impulsive move, the move is fast and almost vertical, in a corrective, the move is small and sideways + the candles are small and it moves slowly

3. The barriers

Support/Resistance, 50%, 61.8 fib etc.

These are the places, that in many cases stop the price - in other words places where decision can be made, like digger said, it can either continue or not.
You can look to see what decision is made by the market, then enter afterwards.


@Digger and others who have found their method in the market

If there is any other information you would like to emphasize on, please do so. I would also like to learn more everyday

Cheers, Duy

Its not easy munchie for sure ,,, you are soon gonna notice something tho ,,,, its pretty much the same lesson week after week ,,,, it will take hold ,,, whats it below ,, whats it above and what pieces do I have right now and where is the next level ,, ,,, almost forgot ,, my bud Blacknapkins gbp ,,, did it hold weekly open ,,, check ,,, did it bust out above the high ,,check ,,, what did ya get for a pattern at tht last high ,,and ya have a high for a tgt again ,, ,,, those are things to watch for , certain levels things are gonna happen ,, , takes a bit more thn just watching price go up and down ,,

Thanks Duy90 for your input ,very time I lose money ,go over ,over ,always my fault ,think easy to go with chart for the day and guess ,oh to high will be low ,or to low will be long ,yes Digger it was not easy ,that why never stop to learn and should look more at left before enter the trade ,and have to get out when see go against my trade ,I was sit there and waiting it will change direction ( miracle ) .Never enough to learn,will look at chart with month ,week ,day ...

Pieces muchie ,, Long term forest view its above some shit ,,,, above monthly 200 ,, above weekly 200 ,above daily 200 ,, not tht there wont be some good shts in places ,, some even for several days ,, when you do your home work you look at your hourly chart from every angle ,, see what you are below or above ,, starting with your m30 200 see what ya got for patterns ,, 2 views of the hourly chart here ,,, with todays little flag pattern pointed out earlier on m15 chart ,,, ya have to realize some of tht shit isint gonna be instant ,, your always looking at the data the chart spits out ,, each session who did what from where ,, then the time of day thing etc etc ,, these give you clues on whats happening at certain areas of a bigger chart say like the daily ,,, the true scalping chart ,, the daily ,, the monthlys and weeklys charts worker ant ,, the grunt ,, etc etc

Exact same places on daily chart,,,, little chart just shows you the buying or selling at certain level ,, you just have to see it and know where shit is probable to happen and then the projections of where it is probable to go ,,, why because tht is what markets do ,,, buying and selling is what moves it ,, who gives a fck the reason why or what may think ,, the damn chart is telling you what to think ,, ,, those probable spots dont change ,, ever ,, what does is is it below some shit or above some shit ,,

Same shit ,,, just another chart

Same shit ,,, just another chart ,,, ,, whats it below ,, whats it above and what pieces do I have right now ,, dont think other than to decipher wht the chart is telling you to think ,, take your swing ,, collect on to next one ,, you can get enough pieces to keep a jingle in the shekel bucket ,, and if ya cant you practice till you can ,,, longer time frames and wider stps,,,,, the traditional way of thought is not the way to do it ,,,,, thts more or less just admitting one is throwing shit at the wall and hoping something sticks ,comes no where close to getting one what is available everyday in these mkts , just the way it is period ,,

Munchie ,, your probably trying to read a bit much into an indi ,,, its only gonna follow price ,,,, its all it can do because its based on price ,, thts where things like the fifty line come in ,, ya already know whats its gonna use ,, hourly indi got close to fifty line ,, what happened ? as said ,, price 1st then indi ,, ya got to see tht day and a half flag yonder left ,, its above even the shortest average ya know damn well any poke to the blue is gonna get bought , , its above it ,,, little things ,,remember them hourly tails and candle bodies little things add up ,, tht is a bit of your thought process ,,, only involves wht the chart is telling ya ,, nothing else ,,,,

I can not believe how high Gold was today .

What I am going to do ? Revenge ? Hummm let see

Lol,, thts why ya never think beyond what a chart is trying to tell you ,,,,,,,,,,, or ASSUME ,,,,,,,,,,,,,,,,, thinking cripples and kills you ,,, assumption is the mother of all fuck ups ,,,, ... However ,,, chance always favors a prepared mind ,, so be prepared if nothing else ,,,

Considering time of day ,, one may have already taken a swing after tgting weekly R1 simply because tht was the next level beyond weekly open ,,, runners may get sttped but several to a 25 pip tgt already ,,, you should have your lines drawn already ,,

Very conservative not much ,just scalping.It always happen to me ,keep losing and watch but winning get out early .

Snap tht rubber band a couple times and on too tomorrow

Digger, how did you know that price gonna turn at 1720. I have difficulties counter-trading. That technique would be quite useful for TP.

Thank you

Sincerely, Duy

Well ya never kinow its gonna ,, but based on a mkt doing wht it always does ,,,, which they do over and over and over yada yada ,, etc etc ,,, last week took out WR1 ,,, went too WR 2 ,,, back to ? what does a mkt do ,, takes a level out retests it and continues on or it dont ,, WR1 got bought ,,, it then took out WR2 ,,, what didnt it have time to get too before it ran out of week ,, well would ya look at tht ,,,, now its got thru multi year highs ,, where might it go to and what wasent tested yet ,,,, ,, mkts are much more orderly and methodical thn given credit for ,and it is just buying or selling ,,, , and they will do what they always do ,,, as said ,, its nothing more than a level to buy ,,sell,,,, or tgt ,, get rid of most of the shit ya ever read about trading and things will become much simpler ,,, its never gonna be easy ,, but as said ,, it is not the fcking rocket science its made out to be ,,, practice practice practice ,, look and see ,, dont just look and make assumptions lol

Actually tht one spot was just a previous days high ,, was it above m30 200 ,, check ,,, couldnt even get below m15 200 ,, as far as start of week ,, what was the last level it took out ,,, ,, was it above weekly open ,, check ,,, whats next ,, did it clear last weeks high ,,, sure as hell did ,, whats next ? ,, did it get there ,,, sure as hell did ,, put the pieces of the puzzle together ,, collect on too next one , wheres your line munchie ? And for the record ,, did time frame make a difference ,,, not one damn bit ,, ,, the daily is the scalping chart ,,, look at weekly posted a bit back ,, thts where your at in the forest ,,, ,

As posted over several pages ,,, all the important places tht got bought to get back to here are there to see ,,,, the hard part is seeing them as they are happening ,, starts with the m30 200 being the main one as repeated over and over it was also what it kept below all the way back too daily 200 ,, and as said there is not one damn thing traded tht doesent follow tht blue print ,, It all starts with a high ,, a low ,, a mid point ,, whats it below whats it above and wht pieces do I have right now ,,, as a retailer ,, thinking beyond what a chart tells you to think ,, well ,, pretty easy to see why the latest and greatest trade bullshit doesent get one much ,,, or latest and greatest of shit from last decade or the decade beofre tht ,, lol,,, shit hasent changed nor will it ,,,

Gidday Diggs
Great teaching and charts.
There is one very important bit missing.
Whisky, it certainly put my lights out last night after great meal with the missi, a warm fire and some chart checking in the rocking chair.
Cheers cobber.