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How To Trade With Accuracy - The Market Way

  • #421
  • Edited 11:17am Jul 23, 2022 6:35am | Edited 11:17am
Quoting sisucoro
{quote} Hi, nice to read you again oliver twist Again this time I've been misundestood because I was only talking about what I quoted, but I will explain everything I've seen and why, in my opinion, that's a valid entrance following the method (again I barely started the method and I'm just sharing my experience with it, take my post as only chating) Even the order is price>level>time, first the price has to be in one level to check for the price, then when the price reach one level is when I check for the h&s, understanding that levels are zones...
Like I promised, I am taking this weekend to read the whole thread and I am in page 20 already, but I had to pause to commend you. Just a few days in you have a fair grasp of what the thread starter is saying. You don't need to know everything he knows. Just enough to give you those quick, sharp entries and exits that yield 10-20 pips and you close your computer and run away. To me that is the best!

I understand M. Bir's cryptic or rather prosaic method of delivery. He is clearly hiding some information, as he wants people to figure it all out by staring at the charts. And also there is this worry people don't like exposing everything so some of these algorithms are not rejigged. I remember teaching session flows, retests and sequence of moves on a different public forum and after some months we noticed some slight variations.

I have understood enough from Burhan's thread and will experiment on my own. Better to experiment and see for myself. There are gems in this thread, although there are lots of tips left out which is causing gaps in knowledge, but I know screen time will solve it for most people.

Again, Sisucoro, keep it up. I love your charts.
  • #422
  • Jul 23, 2022 6:37am Jul 23, 2022 6:37am
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  • #423
  • Jul 23, 2022 8:17am Jul 23, 2022 8:17am
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  • #424
  • Edited 3:38am Jul 24, 2022 2:42am | Edited 3:38am
Quoting Mo.07
{image}
Mo.07 I need a lesson of reading from you on BTC. Many thanks ahead.
I'm not used to reading TP/SL on BTC it seems to be with different dimension. When I use the cross tool for measurement, from 32.8level to 50level it shows me 23966, when I subtract 32.8lev 22445.89 from 50level 22684.67 I've got 238.78... so confused, even MT4 is confused too ... so how much is that in pips?

Usually we go for 10pips (in MT4 100points)profit, with BTC in the MT4trading board we must set 10000 (because MT use points)? from FX to GOLD multiplicator x10, from FX to BTC multiplicator x100 is that correct?

average daily range (21) is 129514 today 91850 how do you it for trading? but it tell you not about move up/down so is it useful tool? I dont have that indi

on the left bottom corner you have pips count, spread & time left, I must use 2 indicators to get those 3 informations. Yours is more effective, could you please share.

By the way I saw your posts over the week-end, you got an very good eye on timing for BTC trading.
  • #425
  • Jul 24, 2022 4:36am Jul 24, 2022 4:36am
Quoting ntk
{quote} Mo.07 I need a lesson of reading from you on BTC. Many thanks ahead. I'm not used to reading TP/SL on BTC it seems to be with different dimension. When I use the cross tool for measurement, from 32.8level to 50level it shows me 23966, when I subtract 32.8lev 22445.89 from 50level 22684.67 I've got 238.78... so confused, even MT4 is confused too ... so how much is that in pips? Usually we go for 10pips (in MT4 100points)profit, with BTC in the MT4trading board we must set 10000 (because MT use points)? from FX to GOLD multiplicator x10, from...
Yes, to get 10pips on Gold, it's you input 100. But for Btc, to get 10pips, you input 10000.

Regarding average daily range, it helps to know how much more movement in the current direction is possible based on past data. For example, with Btc, if ADR is 30000; for any given direction, say bullish, if price for the current day has moved 16000 from the day low to the day high, it means if the bullish trend would continue, additional 14000 distance up is possible. However, if it chooses to reverse and move downward, additional 14000 points may be achieved with the current low.
  • #426
  • Jul 24, 2022 8:31am Jul 24, 2022 8:31am
Quoting ntk
{quote} Mo.07 I need a lesson of reading from you on BTC. Many thanks ahead. I'm not used to reading TP/SL on BTC it seems to be with different dimension. When I use the cross tool for measurement, from 32.8level to 50level it shows me 23966, when I subtract 32.8lev 22445.89 from 50level 22684.67 I've got 238.78... so confused, even MT4 is confused too ... so how much is that in pips? Usually we go for 10pips (in MT4 100points)profit, with BTC in the MT4trading board we must set 10000 (because MT use points)? from FX to GOLD multiplicator x10, from...
Sol4live explained the pips issue above, as well as the ADR. The way I see it, a $1 move in XAU is 10 pips and a $100 move in BTC is 10 pips. According to the profit. The ADR indicator is just to get an idea how much something moves daily, on average.

Your indicator is better than mine. Those are 3 different indicators on my chart for pip count, spread and time.
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  • #427
  • Jul 24, 2022 9:43am Jul 24, 2022 9:43am
Quoting Mitiblotch
{quote} Like I promised, I am taking this weekend to read the whole thread and I am in page 20 already, but I had to pause to commend you. Just a few days in you have a fair grasp of what the thread starter is saying. You don't need to know everything he knows. Just enough to give you those quick, sharp entries and exits that yield 10-20 pips and you close your computer and run away. To me that is the best! I understand M. Bir's cryptic or rather prosaic method of delivery. He is clearly hiding some information, as he wants people to figure it all...
This is my understanding as well, although hiding some information may be a bit harsh...he's not going to reveal his entire trading method for various reasons, but if you ask him a question that is specific enough, he is likely to answer you that part of the trading system. And if everyone asks enough questions, something can be pieced together.

And of course the value of testing for yourself based on the broad parameters...making the system our own is far more valuable than copy and pasting someone else's.
  • #428
  • Edited 10:47am Jul 24, 2022 10:18am | Edited 10:47am
Quoting Mo.07
{quote} Sol4live explained the pips issue above, as well as the ADR. The way I see it, a $1 move in XAU is 10 pips and a $100 move in BTC is 10 pips. According to the profit. The ADR indicator is just to get an idea how much something moves daily, on average. Your indicator is better than mine. Those are 3 different indicators on my chart for pip count, spread and time. {image}
oh pls share your 3_infos_indicator ... m begging you (only kidding pls share I like it)
  • #429
  • Jul 24, 2022 10:35am Jul 24, 2022 10:35am
Quoting B.Mir
{quote} 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. {image}
Thank you for this example. It has help me to revise important levels we pay attention on at that current situation
I am working out the fibo levels is from the prev day range as it usually is; then the other values are from the following list
- weekly open 1704 and daily open 1707
- prev day high 1714 or prev daily low or prev day50 1700.64 (perhaps prev day50 perc sometimes interessant too)
- prev week high prev week low 1697 (perhaps weekly 50 perc sometimes interessant too)
- week low 1680
these values together with D/W/M L3 & H3 are the back bone (levels) of our strategy, the other factors are Price action+time+patience
  • #430
  • Jul 24, 2022 10:50am Jul 24, 2022 10:50am
Quoting ntk
{quote} Thank you for this example. It has help me to revise important levels we pay attention on at that current situation I am working out the fibo levels is from the prev day range as it usually is; then the other values are from the following list - weekly open 1704 and daily open 1707 - prev day high 1714 or prev daily low or prev day50 1700.64 (perhaps prev day50 perc sometimes interessant too) - prev week high prev week low 1697 (perhaps weekly 50 perc sometimes interessant too) - week low 1680 these values together with D/W/M L3 & H3 are...
thanks for the explanation, what are L3 & H3 levels and how do you set them? when I was reading B.Mir's posts I was a bit confused about how to obtain them.
  • #431
  • Jul 24, 2022 1:42pm Jul 24, 2022 1:42pm
Quoting ntk
{quote} oh pls share your 3_infos_indicator ... m begging you (only kidding pls share I like it)
I don't think you understand. It's not one indicator. It's 3 separate indicators.
  • #432
  • Jul 24, 2022 1:43pm Jul 24, 2022 1:43pm
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  • #433
  • Jul 24, 2022 2:09pm Jul 24, 2022 2:09pm
So, I went through the whole thread at once and still reading individual posts. I am already personalising the system, as I have noticed the crazy level of accuracy. Some of them were things I already knew but confluence has been added.

Gold weekly chart from last week already drawn for this week. I took my time to go through all the H&S in my chart. Burhan mentioned the 3-candle rule and I caught it: one on the right, one on the left, one in the center, which is often taller than the ones on the flanks. Once you see this in a timeframe then a H&S is definitely there and all you need to do is to scale down to lower timeframe to watch it form and pull trigger!

See XAUUSD weekly chart for last week in the 4hr timeframe below. Notice the 3-candle rule:
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Now how trade this is up to you. From his posts I see that confluence of levels have to be in the picture. Could be daily, weekly, monthly or yearly. When all the parameters are there then you can pull the trigger. For me two ways of trading that pattern is possible:

1. Once that pattern is on the 15mins I can switch to the 1 min to buy the retest of the neck to form the right shoulder. This is most times a 100% accuracy trade. If it fails, the small SL of 20 pips is there to protect you, but from back test it hardly fails.

2. I can sell the second shoulder or wait for the neck to break and sell it for a guaranteed number of pips. It's a matter of choice.
The confluence of price, level and time must be respected. Time is where more explanation is needed.

See XAUUSD weekly chart from last week in the 15mins timeframe for illustration of the above-mentioned points.
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For the first time in my life I traded crypto yesterday. Hehehe... I used an inverse H&S at support to buy and made the pips. I will keep listening to what the thread starter has to say. It's interesting.
  • #434
  • Edited 6:18pm Jul 24, 2022 3:42pm | Edited 6:18pm
Quoting Abo.Ali
{quote} thanks for the explanation, what are L3 & H3 levels and how do you set them? when I was reading B.Mir's posts I was a bit confused about how to obtain them.
Burhan could explain better.

We do the daily fibo levels (on H1 chart), the sectors 75% to 80% is DH3, 20% to 25% is DL3. Keep doing that for Weekly levels (on H4 chart) then you receive WH3 WL3, proceed with monthly Levels (on D1 chart) then you get MH3 ML3.
The accuracy not much important, because when price reaches these areas the L H3 give you roughly the direction preferal SELL/BUY, but the price action (pattern like H&S, pins), FIBO levels, pDH/pDL,pWH/pWL, pMH/pML takes over precedence, then most important of all the time factor decides your trade entry where when what
  • #435
  • Jul 25, 2022 6:20am Jul 25, 2022 6:20am
Quoting ntk
{quote} Burhan could explain better. We do the daily fibo levels (on H1 chart), the sectors 75% to 80% is DH3, 20% to 25% is DL3. Keep doing that for Weekly levels (on H4 chart) then you receive WH3 WL3, proceed with monthly Levels (on D1 chart) then you get MH3 ML3. The accuracy not much important, because when price reaches these areas the L H3 give you roughly the direction preferal SELL/BUY, but the price action (pattern like H&S, pins), FIBO levels, pDH/pDL,pWH/pWL, pMH/pML takes over precedence, then most important of all the time factor decides...
appreciate it man
Thanks
  • #436
  • Jul 25, 2022 8:52am Jul 25, 2022 8:52am
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  • #437
  • Jul 25, 2022 9:21am Jul 25, 2022 9:21am

what is the reason for entry, the rejection of the fib 23 line? H&S can't see
  • #438
  • Edited 1:00pm Jul 25, 2022 9:45am | Edited 1:00pm
Furtherways down I think, could not bre
k HH, form LH, recently brok a demand area with momentum, heading for retest the Pweek low, if not hold we could see 1710 or 1709


UPDte:
Not a time to trade but interesting to see what happens here between Market+traders/price+volume about 20:30 chart time. EOD, retail traders going home but price rising ... Prof supports higher price price, to push to a flat Monday?
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  • #439
  • Jul 25, 2022 10:26am Jul 25, 2022 10:26am
trying to find some pattern at 16.30h...
  • #440
  • Jul 25, 2022 10:34am Jul 25, 2022 10:34am
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Buyers are further down and they might as well be overwhelmed by sellers..
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