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How To Trade With Accuracy - The Market Way

  • #301
  • Jul 21, 2022 2:16am Jul 21, 2022 2:16am
Quoting MidnightRun
{quote} When you say "previous posts", is it the Aussie thread that you are referring to? Thanks.
Compiled posts are linked in post#1.
  • #302
  • Jul 21, 2022 2:16am Jul 21, 2022 2:16am
Quoting B.Mir
{quote} Fuel drop means huge sell off, rest as I said, you can ask digger1 for the specifics. I don't use those words.
I have always interpreted it to mean high impact news.
  • #303
  • Jul 21, 2022 2:17am Jul 21, 2022 2:17am
Quoting AngryJack
{quote} When you state never goes beyond 20 pips can you clarify just a bit more. Not sure what level you mean. Cheers..
20 Pips is SL which means Stop Loss away from your precise entry point whether it's a sell or a buy.
  • #304
  • Jul 21, 2022 2:19am Jul 21, 2022 2:19am
Quoting 10QFX
Wow finally stumbled a gems in FF(full of filthy shit) Pardon my stupid question from a stupid trader .Beside time and your levels what make you decide to buy/sell in advance at a specific time and price.Like example if price above x level at x time you will buy..You can just give a hint I will try to understand cause I have an MBA (Master Blown Account) degree in forex from several university (Broker) many years ago..
A combination of all three (Price/Levels/Time) is used, that's how I determine what it will do where, that's how the algorithm works.
  • #305
  • Jul 21, 2022 2:22am Jul 21, 2022 2:22am
Quoting Oliver.Twist
{quote} Fair enough. That brings more questions: - The previous month's high was not breached (only the low). So why choose another one instead? - On many examples you posted, a previous level was breached, yet the levels stayed the same. For example in this screenshot: {image} (In blue) I have pointed to a daily level that was breached (on the 27th Sept 2021) during Asia / London, yet you still used the same. So are there specific rules when high / low levels are breached, when you still you them & when you switch to another?
Whether it's high or low that it breached, it is irrelevant. Your levels change the moment it breaks the high or low.

I used the same levels because the market came back into the range. After the market comes back into the range, levels become relevant again.
  • #306
  • Jul 21, 2022 2:23am Jul 21, 2022 2:23am
Quoting nozzer
@B.Mir ,We are all trying to learn here can you reply to post 228 on page 12 please
Done, check post 307.
  • #307
  • Jul 21, 2022 2:24am Jul 21, 2022 2:24am
Quoting Mo.07
{quote} I have always interpreted it to mean high impact news.
News is just something that is used as an excuse. The market does everything algorithmically, it just seems to the naked eye as news impacted movement.
  • #308
  • Jul 21, 2022 2:40am Jul 21, 2022 2:40am
Hi. everyone. i am a begginer and i don't no so much of markets but i am trying my best to learn about it. please help me where to start. and how to analyze chart for trades. i am usually traded on Xau so i found this thread useful. and for today gold proximately try to reach its major support of 1680. what you all thimk where Xau is try to move. whether its goes up or maves further downward. B.Mir please comment on that.
  • #309
  • Jul 21, 2022 2:44am Jul 21, 2022 2:44am
Gold, do you look a this section?
(would you buy, for price would retest asian bottom o go higher, retest asian top then break out; then retest, then bounce from asian top to push LO session higher)
Attached Image (click to enlarge)
Click to Enlarge Name: gold W1 21072022 IHS.png Size: 22 KB
  • #310
  • Jul 21, 2022 2:51am Jul 21, 2022 2:51am
Quoting ntk
Gold, do you look a this section? (would you buy, for price would retest asian bottom o go higher, retest asian top then break out; then retest, then bounce from asian top to push LO session higher) {image}
That was a valid entry, though I wouldn't have, because on Thursday's, I trade at different times. I have my own times for each specific day of the month. Saturday and Sunday for BTC, even then I have set times for those instruments.
  • #311
  • Edited 4:43am Jul 21, 2022 3:19am | Edited 4:43am
Quoting B.Mir
{quote} That was a valid entry, though I wouldn't have, because on Thursday's, I trade at different times. I have my own times for each specific day of the month. Saturday and Sunday for BTC, even then I have set times for those instruments.
1/ My big issue is not sure price has made the low of today or Thurday
2/ I am torn between conventional TA with trend line, divergence, RSI strength, market sentiment still a lot of sellers etc. and your methodology. I fight to empty the glass but not easy ...
3/ I also prefer US session more...
so I can not risk higher lot. (Put trading away tempo, I am concentrating on just absorbing your method)

When you said we need to look more at chart, at candle how it opens, how it closes ... do you mean each candle in general, or candle of like the IHS, HS pattern, and look in M1 correct, or higher time frame?
I know harami, inside bar, engulfing, shooting star, hammer, hanging man, pin bar, dark cloud, 3 soldiers etc . etc .. I guess you dont mean I should look a them again or every day, but look at the candle open close in a special way. I have met some comments like that in the past, googled found many references point to thing of zigs different sources, but I could not find any special after spending days/weeks combing through hundred of links in those google search...
Is there a special way we should learn to look at it, at them? Is there a video you could refer to, so we could finally have some concrete guide to learn the secret finding a trading edge by looking at candles?
  • #312
  • Jul 21, 2022 3:21am Jul 21, 2022 3:21am
today gold proximately try to reach its major support of 1680. what you all think where Xau is try to move. whether its goes up or maves further downward. please comment on that.
  • #313
  • Jul 21, 2022 3:33am Jul 21, 2022 3:33am
Quoting B.Mir
{quote} Reasons for the trade, did exactly what it had to do, retested shoulder, just that this time the shoulder was a little far than yesterday's shoulder. That's why you wait for the precise spot. Entry is always on the shoulder. Compare both the entries and you'll notice, nothing has changed except the range. Most importantly, get this ingrained in your head, there's no such thing as a bull or a bear day or a bull or a bear movement. You don't have to care about which direction it goes, even though it may look like a sell to a naked eye, it...
In your initial post, you mentioned looking for a setup on M15, with a H&S pattern. Would you agree that the pattern never happened on that time-frame?

Attached Image (click to enlarge)
Click to Enlarge Name: Gold1.JPG Size: 109 KB

When I zoom into M5, looking at that time (16:30 broker), and how price reacted to that 50% of the previous day's range: I do see a much more clear H&S pattern, only it would be valid to the sell side. So, what made / makes you decide in advance if it's going to be a buy or sell, and wouldn't that setup still be valid in your book (price at level, time of NY open, but direction = down)?
Attached Image (click to enlarge)
Click to Enlarge Name: Gold2.JPG Size: 83 KB
  • #314
  • Jul 21, 2022 3:42am Jul 21, 2022 3:42am
Quoting B.Mir
{quote} I'd have to open their charts and draw lines, which I don't plan to, same methodology like I said. On my screen I only have three instruments, if I get special level requests about a particular instrument, I draw them for people.
I know you like to trade only BTCUSD, GOLD and US30, we are at the very early stage of learning, but for the imagination would you mind to give us a glimp in 1 of your final normal market working chart of GOLD, or US30 in delay just so for motivation

George Soros has once broke a bank and became very rich, I mean he was rich already before, but he then more richer, very richer when a life-time, special opportunity came to him... What you think about EU, the war going on, gas energy issue, winter would be coming, EU near parity, question about Italian exit comes up again ... what is in the chart in near future? how to draw levels for it, particularly when broker does not give us much history to work with
  • #315
  • Jul 21, 2022 3:47am Jul 21, 2022 3:47am
Quoting Oliver.Twist
{quote} ....So, what made / makes you decide in advance if it's going to be a buy or sell, and wouldn't that setup still be valid in your book (price at level, time of NY open, but direction = down)? {image}
To be honest, you have to amend your question a little for accuracy. Not "you decide in advance" but "decide 6 hrs ahead"
  • #316
  • Jul 21, 2022 3:58am Jul 21, 2022 3:58am
Quoting Aqua1
Hi. everyone. i am a begginer and i don't no so much of markets but i am trying my best to learn about it. please help me where to start. and how to analyze chart for trades. i am usually traded on Xau so i found this thread useful. and for today gold proximately try to reach its major support of 1680. what you all thimk where Xau is try to move. whether its goes up or maves further downward. B.Mir please comment on that.
I don't care about whether it goes up or down, make no difference to me, neither should it to you unless you are in possession of a physical inventory of Gold.

Think of it like this, Gold is at A, it can go to B or it can go to C, you shouldn't care less as to where it is going to go as long as you what will happen at B and what will happen at C. Patience for it to wait to go to either is what it is paramount.
  • #317
  • Jul 21, 2022 4:02am Jul 21, 2022 4:02am
Quoting Oliver.Twist
{quote} In your initial post, you mentioned looking for a setup on M15, with a H&S pattern. Would you agree that the pattern never happened on that time-frame? {image} When I zoom into M5, looking at that time (16:30 broker), and how price reacted to that 50% of the previous day's range: I do see a much more clear H&S pattern, only it would be valid to the sell side. So, what made / makes you decide in advance if it's going to be a buy or sell, and wouldn't that setup still be valid in your book (price at level, time of NY open, but direction =...
It was a valid H&S and I explained in the entry how, if it wasn't designed to be devious, there'd be no challenge, everyone would see it. Entry was for a Buy when it comes to 100% accuracy, would a Sell have worked? Sure, but you couldn't have predicted that 6 hours beforehand. If it ain't 100%, I'm not interested regardless of the range.
  • #318
  • Jul 21, 2022 4:06am Jul 21, 2022 4:06am
Quoting ntk
{quote} I know you like to trade only BTCUSD, GOLD and US30, we are at the very early stage of learning, but for the imagination would you mind to give us a glimp in 1 of your final normal market working chart of GOLD, or US30 in delay just so for motivation George Soros has once broke a bank and became very rich, I mean he was rich already before, but he then more richer, very richer when a life-time, special opportunity came to him... What you think about EU, the war going on, gas energy issue, winter would be coming, EU near parity, question...
As soon as I'm in front of my charts, I'll post one for you.

Regarding Euro, I'll post "B" and "C", meaning what you should look out for in the long run. Read my previous post to get an understanding of what B and C are.
  • #319
  • Jul 21, 2022 4:11am Jul 21, 2022 4:11am
Quoting B.Mir
{quote} Whether it's high or low that it breached, it is irrelevant. Your levels change the moment it breaks the high or low. I used the same levels because the market came back into the range. After the market comes back into the range, levels become relevant again.
Could you B.Mir please look into #288 and #293 we several students have similar issue, GOLD or EU still not come back to the range after over night trading, or perhaps could go as low as Monthly low, or -38.2% or 61.8% in conventional fibo H1 levels. So what to do, only rely on H4, and wait for price will come back into the range?
  • #320
  • Jul 21, 2022 4:35am Jul 21, 2022 4:35am
Quoting B.Mir
{quote} Third and fourth ones are right, first two are wrong. Weekly levels drawn on H4 candles are right and Yearly levels drawn on Weekly chart are right.
Ok. I try to correct my mistakes...

First chart, according to instructions in post #31:

"use 1 hour chart and 23 candles of the previous day for Daily Levels"

Second chart

"use Daily Candles from start of the month to the last for Monthly Levels"

But honestly I don't understand Monthly Chart, my fib levels are diffrent than yours in post #3...

You wrote in post #156

Quoting marcostyler
{quote} not sure how you got the monthly levels

"Go back to 2011 for monthly levels."

So I placed horizontal lines on top of your fib levels, switched to weekly chart, zoomed out and I got this 2011 levels
Attached Image(s) (click to enlarge)
Click to Enlarge Name: _DailyGold.png Size: 11 KB
Click to Enlarge Name: _MonthlyGold.png Size: 12 KB
Click to Enlarge Name: Monthly.png Size: 13 KB
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