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  • #321
  • Jul 21, 2022 4:44am Jul 21, 2022 4:44am
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 =...
hi oliver, one question, is that the h&s that you see?
Attached Image (click to enlarge)
Click to Enlarge Name: Screenshot_19.jpg Size: 34 KB

if it's this, what do you mean that this pattern nevr happened on that time frame? if it's not, can you show me where is the h&s please? I can't see it

thanks in advance.
rip and tear until it's done
  • #322
  • Jul 21, 2022 5:00am Jul 21, 2022 5:00am
Quoting B.Mir
{quote} 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.
thank you.

I will remember what it is paramount
"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."
  • #323
  • Jul 21, 2022 5:12am Jul 21, 2022 5:12am
Quoting B.Mir
{quote} 1715.14
That would be the high of the shoulder at 12:45, right?

Actually didn't trade to that price on my broker. But I've checked on two more, both missed the shoulder high.
  • #324
  • Jul 21, 2022 5:16am Jul 21, 2022 5:16am
Quoting sisucoro
{quote} hi oliver, one question, is that the h&s that you see?{image} if it's this, what do you mean that this pattern nevr happened on that time frame? if it's not, can you show me where is the h&s please? I can't see it thanks in advance.
I think Oliver meant on M15, at the time the trade was awaiting, you would not see no HS. B.Mir also said it was hidden. Only when you switch to M5 you can see several HS around before, at and after the killzone. I think Oliver as soon as he hear of HS pattern, he should switch to M1, M5, M15 etc ... alternately, we should expect a pattern, a reversal, a move would first evolve, start off from low TF, mark them, then going back to M15 you should see their traces
Attached Image (click to enlarge)
Click to Enlarge Name: HS M5_M15.png Size: 20 KB
  • #325
  • Jul 21, 2022 5:18am Jul 21, 2022 5:18am
Quoting ntk
{quote} I think Oliver meant on M15, at the time the trade was awaiting, you would not see no HS. B.Mir also said it was hidden. Only when you switch to M5 you can see several HS around before, at and after the killzone. I think Oliver as soon as he hear of HS pattern, he should switch to M1, M5, M15 etc ... alternately, we should expect a pattern, a reversal, a move would first evolve, start off from low TF, mark them, then going back to M15 you should see their traces {image}
thank you for your response, makes sense now
rip and tear until it's done
  • #326
  • Jul 21, 2022 5:19am Jul 21, 2022 5:19am
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.
"I have my own times for each specific day of the week."

Is the above statement true for you?
  • #327
  • Jul 21, 2022 5:50am Jul 21, 2022 5:50am
Quoting sisucoro
{quote} hi oliver, one question, is that the h&s that you see?{image} if it's this, what do you mean that this pattern nevr happened on that time frame? if it's not, can you show me where is the h&s please? I can't see it thanks in advance.
It's been answered, but yes my point was on M15 there was no pattern. The most clear one I see was on M5, where I highlighted it. I see no problem in that, but in that case the instructions should have been "look for a H&S on M15, or below".
  • #328
  • Jul 21, 2022 5:53am Jul 21, 2022 5:53am
Quoting ntk
{quote} I think Oliver meant on M15, at the time the trade was awaiting, you would not see no HS. B.Mir also said it was hidden. Only when you switch to M5 you can see several HS around before, at and after the killzone. I think Oliver as soon as he hear of HS pattern, he should switch to M1, M5, M15 etc ... alternately, we should expect a pattern, a reversal, a move would first evolve, start off from low TF, mark them, then going back to M15 you should see their traces {image}
Based on my understanding of his method, when you have your levels marked on the hourly time frame, wait for a shoulder to form at a level, that is candle closing around the level, which is the the first leg shoulder. Now, wait for another hourly candle to break the shoulder high/low; thus forming the head. Immediately this has happened, take your reversal trade, by the third hourly, at the high/low of the first shoulder.
  • #329
  • Jul 21, 2022 6:02am Jul 21, 2022 6:02am
Quoting B.Mir
{quote} 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.
Today yesterday low is broken,Last week's low is broken,So how to set up BUY/SELL order, Can you guide me?
  • #330
  • Jul 21, 2022 6:10am Jul 21, 2022 6:10am
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.
Have you decided for those times of the month based on how price reacted to those 50% levels in the past?
  • #331
  • Jul 21, 2022 6:15am Jul 21, 2022 6:15am
let's put in practice, those are the weekly levels

Attached Image (click to enlarge)
Click to Enlarge Name: Screenshot_20.jpg Size: 183 KB

monthly 50 is in support too, 1h chart
Attached Image (click to enlarge)
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rip and tear until it's done
  • #332
  • Jul 21, 2022 6:22am Jul 21, 2022 6:22am
Quoting ntk
{quote} thank you. I will remember what it is paramount "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."
Here is my chart I use to calculate and look at my levels. I even added price identification for levels so that they are easier to identify.
Attached Image (click to enlarge)
Click to Enlarge Name: Dc.jpg Size: 249 KB
  • #333
  • Jul 21, 2022 6:29am Jul 21, 2022 6:29am
Quoting Mo.07
{quote} That would be the high of the shoulder at 12:45, right? Actually didn't trade to that price on my broker. But I've checked on two more, both missed the shoulder high.
'
I don't know what 12:45 is, 9:45 candle on my current logged in broker, since different brokers use different times, but checking it it retraced back to 1715.29, did 1715.14 a couple of minutes earlier.
  • #334
  • Jul 21, 2022 6:30am Jul 21, 2022 6:30am
Quoting Mo.07
{quote} "I have my own times for each specific day of the week." Is the above statement true for you?
It's as true for me as it's for the market, the first is derived from the latter.
  • #335
  • Jul 21, 2022 6:32am Jul 21, 2022 6:32am
Quoting mistdraw28
{quote} Today yesterday low is broken,Last week's low is broken,So how to set up BUY/SELL order, Can you guide me?
Use monthly levels or go back to the range where price is at the moment. Whether it's weekly or daily.
  • #336
  • Jul 21, 2022 6:34am Jul 21, 2022 6:34am
Quoting Oliver.Twist
{quote} Have you decided for those times of the month based on how price reacted to those 50% levels in the past?
I have decided/set those times based on my availability in reference to my local time. You can set your own once you know what you're doing or what you've to do, whatever suits you in the 23 hour timeline of a day movement on Gold.
  • #337
  • Jul 21, 2022 6:45am Jul 21, 2022 6:45am
Quoting B.Mir
{quote} Use monthly levels or go back to the range where price is at the moment. Whether it's weekly or daily.
Gold is about to break the yearly level.
Would you use this new level at that point?

Attached Image (click to enlarge)
Click to Enlarge Name: Gold.JPG Size: 115 KB
  • #338
  • Jul 21, 2022 6:59am Jul 21, 2022 6:59am
Quoting B.Mir
{quote} It's as true for me as it's for the market, the first is derived from the latter.
Noted.
Does this mean, for example, Monday in week 1 of the month will have the same times as, say, Monday in weeks 2, 3 and 4 of the month?
  • #339
  • Jul 21, 2022 7:19am Jul 21, 2022 7:19am
Quoting B.Mir
{quote} Use monthly levels or go back to the range where price is at the moment. Whether it's weekly or daily.
Can you please give me more pictures to explain?, I have to translate in English so I don't understand what you mean.Tks
  • #340
  • Jul 21, 2022 7:21am Jul 21, 2022 7:21am
Quoting Mo.07
{quote} Noted. Does this mean, for example, Monday in week 1 of the month will have the same times as, say, Monday in weeks 2, 3 and 4 of the month?
No, each week is different, each day is different, study a month at least. You have to also keep NFP and other supposed important news into consideration. For example, if I know on Monday 2 Pm is a Sell, if NFP is at 2PM I would refrain due to large spreads, movement faster than your fingers etc.
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