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How To Trade With Accuracy - The Market Way

  • #161
  • Jul 19, 2022 8:00pm Jul 19, 2022 8:00pm
Quoting B.Mir
{quote} Go back to 2011 for monthly levels.
Why did you choose 2011 and not another year?
  • #162
  • Jul 19, 2022 8:16pm Jul 19, 2022 8:16pm
Quoting B.Mir
{quote} I have mentioned it in my previous posts, however I'll try to explain here again in a couple of sentences, use 1 hour chart and 23 candles of the previous day for Daily Levels, use 4 hour chart and start from the first candle on Monday to the last on Friday for Weekly Levels, use Daily Candles from start of the month to the last for Monthly Levels and lastly use a Weekly time frame starting from the first candle in January to the last candle in December for Yearly Levels.
With monthly level. it's different from the explanation of the levels you posted earlier.I just want to learn from you. no other idea.
  • #163
  • Edited 9:32pm Jul 19, 2022 8:55pm | Edited 9:32pm
Quoting parisboy
{quote} it is a degraded version of " Murrey Maths" or of the Gann division by 8 of a Price range.
Math is math, and based on different time frames can be quite accurate...when is the last time you took a 44 scalp on Euro? (25% level 4 hr swing Calculation)

Second chart todays Cable and closed trades...I'm sure Ill receive some flack for this post, nothing mysterious here...this works every day, over and over and over...
Attached Image(s) (click to enlarge)
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Click to Enlarge Name: fib levels.png Size: 26 KB
  • #164
  • Jul 19, 2022 9:37pm Jul 19, 2022 9:37pm
Quoting Swede
{quote} Math is math, and based on different time frames can be quite accurate...when is the last time you took a 44 scalp on Euro? (25% level 4 hr swing Calculation) Second chart todays Cable and closed trades...I'm sure Ill receive some flack for this post, nothing mysterious here...this works every day, over and over and over... {image} {image}
yes and if it works go for it , respect
people leave, but this thread will go on for ever
  • #165
  • Edited 10:05pm Jul 19, 2022 9:51pm | Edited 10:05pm
Quoting Swede
Math is math, and based on different time frames can be quite accurate...when is the last time you took a 44 scalp on Euro? (25% level 4 hr swing Calculation) Second chart todays Cable and closed trades...I'm sure Ill receive some flack for this post, nothing mysterious here...this works every day, over and over and over... {image} {image}
What's your response to people who say "if you draw enough magic lines, something will get hit"?

To those who say "there are so many lines that got hit multiple times, why this particular spot on this line?"

And there's Quarters, Murray Math, Fibs, fork, distance, support resistance, pivot and many others. So "which has more magic power?" that's the common question.
Know what you trade
  • #166
  • Edited 11:20pm Jul 19, 2022 11:05pm | Edited 11:20pm
Quoting B.Mir
{quote} They are not right, however instead of posting my charts I'll write lows and highs of the levels, so that you can draw them yourself. You'll benefit this way more. Daily Levels - Low 1706.9 High 1723.6 Weekly Levels - Low 1697.7 High 1745.1 Monthly Levels - Low 1532.4 High 1917.8 Yearly Levels - Low 1675.1 High 1957.6 Now figure out how and where to draw these levels and you're good to go.
TWO QUESTIONS:
first: in our monthly levels you have 1532.4 as a low. I do not see the market ever going that low in Jun, or anytime in 2022, or even many months prior to that. The high as well, you have 1917.8, yet again in June 2022 i do not see that level. I do see it on April 29 where i have placed a checkmark on the graph. Can you show me why you are using the levels you have given please.
Attached Image (click to enlarge)
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The other levels i have almost the same price levels as you, just very minor broker differences, but the monthly, I am not seeing something apparently. I note that Jun was ranging and did not break either the hi or the low, so we backtrack and use May. I can then accept the hi, but i just do not understand your low. You state later to go to 2011. WHY??? How would we know we needed to do that?

Second: If you are basically just calculating the 25,50, 75 levels from the 0 (low) and 100 (high) prices, the fib tool is useful of course. Is there a reason you have maintained the 61.8, 38.2 levels? And perhaps we should change the 23.6 true fib to 25 instead. OR are you also using the true fib levels as additional information?
  • #167
  • Jul 19, 2022 11:30pm Jul 19, 2022 11:30pm
Quoting B.Mir
{quote} Go back to 2011 for monthly levels.
Attached Image (click to enlarge)
Click to Enlarge Name: screenshot.png Size: 10 KB


why use 2011 candle ? because the candle i marked with blue is yet to broken .shouldn't we use the marked cs
?
  • #168
  • Jul 19, 2022 11:42pm Jul 19, 2022 11:42pm
Quoting PatienceFx
from the information on this chart, it is impossible to make mistakes {image}
next level

uk cpi should bang 1.21 today in 90 minutes
Attached Image (click to enlarge)
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  • #169
  • Jul 20, 2022 12:53am Jul 20, 2022 12:53am
Quoting PatienceFx
{quote} next level uk cpi should bang 1.21 today in 90 minutes {image}
interesting mate how many accounts have you blown
people leave, but this thread will go on for ever
  • #170
  • Jul 20, 2022 12:56am Jul 20, 2022 12:56am
Quoting Aussi
{quote} interesting mate how many accounts have you blown
around 90 trillion so far
  • #171
  • Jul 20, 2022 1:11am Jul 20, 2022 1:11am
Quoting ntk
{quote} I have a slightly different range (worst is the yearly range & levels) than you could you pls explain why mine is wrong? {image} {image} {image} {image}
Broker issue probably, different brokers use different timings, not all of them are accurate as far as synchronization of time and price is concerned, draw them manually for a week and then take it from there. You'll figure out what and where you need to adjust suiting your needs.
  • #172
  • Jul 20, 2022 1:18am Jul 20, 2022 1:18am
Quoting 19monza64
{quote} I have already written that until now I have understood little but obviously it is my fault. Now I don't understand 2 things: 1. Should I make this whole mess for 10 pips? 2. Gold has a very high spread in all brokers. How do you combine the 10 pips with the spread
It is obviously your fault, come on, how much spoon feeding are you looking for? Put some effort in. All brokers have large spread? Says who? ICmarkets spreads range from 0.0 - 0.10 on Gold, similar for FP Markets, Exness has a fixed spread of 0.06 for Gold. I could go on and on, do some research.

Even if you had read my precious posts, god forbid, I mentioned this there as well, regardless, you're looking at ~20% drawdown/entry when trading Gold. For example 0.01 lot entry will put you back -0.20 dollars, 0.10 will put you back 2 dollars, 1 lot entry will put you back 20 dollars regardless of where the market is. If you don't/didn't know that, I suggest to start from scratch.

Again I repeat, put some effort in. And this goes to everyone, I am not here for your pleasure.

Whether you trade Gold or any other instrument for that matter, the methodology is the same. The reason I trade Gold, US30 and BTC is because of the volatility, currencies move like snails.
  • #173
  • Jul 20, 2022 1:19am Jul 20, 2022 1:19am
Quoting Swede
{quote} Math is math, and based on different time frames can be quite accurate...when is the last time you took a 44 scalp on Euro? (25% level 4 hr swing Calculation) Second chart todays Cable and closed trades...I'm sure Ill receive some flack for this post, nothing mysterious here...this works every day, over and over and over... {image} {image}
Hello!

What indi do you use for having those levels? Is it possible to share it here?
Thanks!
  • #174
  • Jul 20, 2022 1:25am Jul 20, 2022 1:25am
Quoting parisboy
{quote} it is a degraded version of " Murrey Maths" or of the Gann division by 8 of a Price range.
Whatever it is named, I certainly couldn't care about who Murray or Gann is, I tamed the market like I did with everything else, by observing, understanding, memorizing. Whether some of what I know, practice or preach is named after Murray, I couldn't care less. I haven't used any other tool except the human brain, God given. Even Fibz, I specifically mentioned it's purpose. If people find similarities or do good for themselves using Murray, Gann and anything else for that matter, good for them.
  • #175
  • Jul 20, 2022 1:28am Jul 20, 2022 1:28am
Quoting Swede
{quote} My response “THERE IS NO MAGIC POWER, DOESN'T EXIST and NEVER WILL”. Anyone with a brain wouldn’t ask such a question. This is the kind of person who wants proof, and when something fails they have have an audience they can shout “see, I told you”. But, Fibonacci tells us price reacts to certain levels, especially quarters, half’s and eights. It’s not up to me or you to understand exactly why, it’s just part of our universe. Just ask someone at NASA if his (Fibonacci) numbers can be used in some of their calculations? So then, what do you...
I agree with Math being Math and human emotions being human emotions, especially the latter being their own greatest enemy.
  • #176
  • Jul 20, 2022 1:30am Jul 20, 2022 1:30am
Quoting bino.signals
{quote} Hello! What indi do you use for having those levels? Is it possible to share it here? Thanks!
i'm pretty sure you can just edit the values in the built-in fib tool to match
  • #177
  • Jul 20, 2022 1:34am Jul 20, 2022 1:34am
Quoting modsky
{quote} TWO QUESTIONS: first: in our monthly levels you have 1532.4 as a low. I do not see the market ever going that low in Jun, or anytime in 2022, or even many months prior to that. The high as well, you have 1917.8, yet again in June 2022 i do not see that level. I do see it on April 29 where i have placed a checkmark on the graph. Can you show me why you are using the levels you have given please.{image}The other levels i have almost the same price levels as you, just very minor broker differences, but the monthly, I am not seeing something...
Pay attention, this is what the chart is telling us. There's no such as "I don't think price will reach there", usually the moves over 1000 Pips/day when everything doesn't start to make sense, these are your levels for that day.

23.6 or 25 makes no difference, it could be at 20 or 30, price action, pattern, candle formation takes precedence over levels. They are a reference.
  • #178
  • Jul 20, 2022 1:36am Jul 20, 2022 1:36am
Quoting marcostyler
{quote} {image} why use 2011 candle ? because the candle i marked with blue is yet to broken .shouldn't we use the marked cs ?
Experience, pattern of previous week, level being retested earlier multiple time, a few more. With time you'll understand, monthly levels are usually used to study big moves.
  • #179
  • Jul 20, 2022 1:36am Jul 20, 2022 1:36am
Quoting PatienceFx
{quote} next level uk cpi should bang 1.21 today in 90 minutes {image}
I follow you, price is now still 1.1999, Stoch;RSI under 50 level pointing down, sentiment more sell than buy ...
  • #180
  • Jul 20, 2022 1:42am Jul 20, 2022 1:42am
Quoting mistdraw28
{quote} You usually look for a set-up at the end of the Asian session coming before the US session begins. So exactly what time are you looking for setup on the broker, are you using ICmarket or exness ? I am also using exness zero spr account but broker time is different from icmarket.
I use multiple brokers, time is based on my local time, nullifies broker time differences.
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