E/J Demo
Not much to say really except "Wish I had a few million on it"
Not much to say really except "Wish I had a few million on it"
every Saint has a past. Every Sinner has a Future
- #8,562
- Jul 21, 2023 4:45am Jul 21, 2023 4:45am
E/J Demo Not much to say really except "Wish I had a few million on it"
- #8,563
- Jul 21, 2023 5:21am Jul 21, 2023 5:21am
- Joined Sep 2006 | Status: Trader | 10,704 Posts
{quote} Hey W,,, Yep it sure sets up nice and clear on many days. THe mechanics are all the same as in a chart is a chart... But some I find are easier to read than others.. Heres a couple charts of the GJ I was just doodling withAs I was saying the other day with a chart... https://www.forexfactory.com/thread/...5#post14503315 Pay attention to Opens....I know Shabs has mentioned that in the past as well....Again this is how I see the market thru my eyes...Doesnt mean its the only way or best way,,its just what works...
Got my hour box in and 15 minute and 5 minute levels prior to 7am to 8am UK time.
The 5 minute levels might have indicated ( on the ONE Minute chart) entries at 9"05am and 10:05am
If I had followed the one minute only then I would have been kicked out of a trade around the first "?"mark.
"Roadmap" would have kept me safe but I must recognise useful levels and numbers beforehand. Why oil is causing me analysis problems I do not know.
The last blue circle around 76350 sailed away long through fibo levels to upper horizontal support/resistance around 76500
My conclusion is that I should WAIT and trust my LEVELS more when used in conjunction with Roadmap.
Have I missed anything guys ?
every Saint has a past. Every Sinner has a Future
- #8,564
- Jul 21, 2023 9:15am Jul 21, 2023 9:15am
- Joined Aug 2007 | Status: Trader | 3,200 Posts
Master your Mind,,,Master the Market
- #8,565
- Jul 21, 2023 11:19am Jul 21, 2023 11:19am
- Joined Sep 2006 | Status: Trader | 10,704 Posts
every Saint has a past. Every Sinner has a Future
- #8,566
- Jul 21, 2023 11:49am Jul 21, 2023 11:49am
- Joined Aug 2007 | Status: Trader | 3,200 Posts
{quote} Is this the 9am NYMEX you refer to. {image}
Master your Mind,,,Master the Market
- #8,567
- Jul 21, 2023 12:27pm Jul 21, 2023 12:27pm
- Joined Aug 2006 | Status: Trader | 5,317 Posts
It never gets easier, you just get better
- #8,568
- Jul 21, 2023 1:08pm Jul 21, 2023 1:08pm
- Joined Aug 2007 | Status: Trader | 3,200 Posts
{quote} Is this the 9am NYMEX you refer to. {image}
Master your Mind,,,Master the Market
- #8,569
- Jul 22, 2023 8:25pm Jul 22, 2023 8:25pm
- Joined Aug 2007 | Status: Trader | 3,200 Posts
PSYCHOLOGY OF THE MARKET :
First of all I did not trade this setup in Fri NY session...BUT I 100% would have IF I was monitoring this pair.
I did trade oil though...9am NYMEX open setup short.
Anyways Saturday on the charts going over the past weeks setups and saving to my chart folders for later continual review.
Charts say it all so lets go,,,,
Cheers
Blue
CANI: Constant And Neverending Improvement.
First pic Overall 1 HR Context of Rising Market then A Falling Market...
The falling market context plays into the following Short Squeeze setup that was preceeded by an inducement of Longs.
In other words the market induced longs..reversed cleaning stops and Inducing shorts(short squeeze) then reversed 100 pips
taking out the shorts and cleaning stops.... Classic Market Psychology that happens everyday..Its the Mechanics of the markets.
No Smart Money Concepts and/or Volume groupies need to be consulted....ITS HOW THE MARKETS WORK...
Heres 5 charts...1hr 15m 5m and 1m The Setup entry is on the 1min.... Not sure who is interested but I would seriously seriously study these 5 charts
if your at all interested in this way of trading.. and Learning HOW THE MARKETS REALLY WORK,,,,
Thank you GeorgeAus and Stacey Burke God Bless you both for opening my eyes....Forever grateful
First of all I did not trade this setup in Fri NY session...BUT I 100% would have IF I was monitoring this pair.
I did trade oil though...9am NYMEX open setup short.
Anyways Saturday on the charts going over the past weeks setups and saving to my chart folders for later continual review.
Charts say it all so lets go,,,,
Cheers
Blue
CANI: Constant And Neverending Improvement.
First pic Overall 1 HR Context of Rising Market then A Falling Market...
The falling market context plays into the following Short Squeeze setup that was preceeded by an inducement of Longs.
In other words the market induced longs..reversed cleaning stops and Inducing shorts(short squeeze) then reversed 100 pips
taking out the shorts and cleaning stops.... Classic Market Psychology that happens everyday..Its the Mechanics of the markets.
No Smart Money Concepts and/or Volume groupies need to be consulted....ITS HOW THE MARKETS WORK...
Heres 5 charts...1hr 15m 5m and 1m The Setup entry is on the 1min.... Not sure who is interested but I would seriously seriously study these 5 charts
if your at all interested in this way of trading.. and Learning HOW THE MARKETS REALLY WORK,,,,
Thank you GeorgeAus and Stacey Burke God Bless you both for opening my eyes....Forever grateful
Master your Mind,,,Master the Market
- #8,570
- Edited 6:40am Jul 23, 2023 12:35am | Edited 6:40am
PSYCHOLOGY OF THE MARKET : First of all I did not trade this setup in Fri NY session...BUT I 100% would have IF I was monitoring this pair. I did trade oil though...9am NYMEX open setup short.
I just saw the Oil Chart and noted a very good buy setup 30 minutes into the NY Equity open. I did not trade it as it was quite late for me. There were 4 targets. Had i traded it i would have taken profit at the first target..lol. As u mentioned its always there with different types of manipulation.
- #8,571
- Jul 23, 2023 3:41am Jul 23, 2023 3:41am
- Joined Jan 2015 | Status: Trader | 5,144 Posts
PSYCHOLOGY OF THE MARKET : First of all I did not trade this setup in Fri NY session...BUT I 100% would have IF I was monitoring this pair. I did trade oil though...9am NYMEX open setup short.
- #8,572
- Jul 23, 2023 7:44pm Jul 23, 2023 7:44pm
- Joined Aug 2007 | Status: Trader | 3,200 Posts
{quote} Nice Charts Bluesteele, once we are able to see the manipulation and add the right time and levels to include in our trading then it becomes much easier. There are so many types of manipulation and those funny fluctuations like big candles to suck traders in. I never had direct interaction with GeorgeAUS but followed his thread and posts. At times i had to read his posts over 10 times to understand it. I still make lots of mistakes when looking to place trades but do ok with the help of stop loss...lol. Trading is a very tough business and...
As per Stacey Burke...then the market can only do 3 things.
1 BO&Trend
2 BO&Reverse(False break/Stop Hunt)
3 Trading Range H/L
Wednesday was #2...Friday was #1 The hint of Weds being a BO SH reversal...was NY being only session that day opening above OR THEN next hint
it quickly rose 3 levels into Prev Fridays NY High..
Friday as per your chart and all the confluences you mentioned we can also add the context...
Asia BO of OR.. London BO of OR NY BO of OR so now we have almost an entire day holding above the OR..HINT...
But the market being the market turns down and cleans out UK Longs thru the highlighted gray quarter level. Forming a W reversal pattern at ORH and BRN... Market does only 3 things.
So it either going to reverse and take your stop..Other confluences and context make that less probable...
Higher probability is #1 BO&Trend especially combined with the confluences/factors you mention....
All in all a very good setup
Cheers and hope all have a great week !
Blue
Master your Mind,,,Master the Market
- #8,574
- Jul 23, 2023 10:26pm Jul 23, 2023 10:26pm
- Joined Aug 2007 | Status: Trader | 3,200 Posts
G'Day All, A decent setup to start the week. A tad risky cos Tokyo Open and 200ma were in the way but the couple of rejections of the RN and Pivot with engulfing candles gave good probability. {image}
Nothing to see here Folks !
Master your Mind,,,Master the Market
- #8,575
- Jul 23, 2023 10:36pm Jul 23, 2023 10:36pm
{quote} Nothing to see here Folks !
- #8,576
- Jul 23, 2023 10:48pm Jul 23, 2023 10:48pm
- Joined Aug 2007 | Status: Trader | 3,200 Posts
“Exercise requires effort upfront and the reward is on the backend, while addiction brings the reward on the front end and the price to be paid is on the backend.”
Much like trading
Check out this Youtube short clip...She exemplifies the rewards of Hard ass day in day out slugging it out and not seeing a whole bunch of progress day by day.
"Whatever the mind of man can conceive and believe, it can achieve" –Napoleon Hill
Much like trading
Check out this Youtube short clip...She exemplifies the rewards of Hard ass day in day out slugging it out and not seeing a whole bunch of progress day by day.
"Whatever the mind of man can conceive and believe, it can achieve" –Napoleon Hill
Inserted Video
Master your Mind,,,Master the Market
- #8,578
- Jul 24, 2023 9:38am Jul 24, 2023 9:38am
- Joined Sep 2006 | Status: Trader | 10,704 Posts
Lines are boring; Levels are boring! But, by golly, the pips roll in ( most times)
every Saint has a past. Every Sinner has a Future
- #8,579
- Jul 24, 2023 9:59am Jul 24, 2023 9:59am
- Joined Aug 2007 | Status: Trader | 3,200 Posts
SEE THE PATTERN REPEAT..... US 30
Breakout and Trend from last week...How to enter the Breakout is same way you Enter ReEnter the Trend Continuation
Same setup.
London and Premarket form PFH PFL.
Price drops 25-50 pts or 3 levels..
Reversal pattern forms on 1m or 5m
Engulfment Bar/Engulfs price
And a few other tidbits
4 out of last 5 days have provided exact same setup at close to the same time....Friday was a similar but this entry was at 8amNY 30mins before Im ready to pull the
trigger....So maybe 5 out of last 5 days for some....
Cheers have a great day done and dusted.
Blue
Breakout and Trend from last week...How to enter the Breakout is same way you Enter ReEnter the Trend Continuation
Same setup.
London and Premarket form PFH PFL.
Price drops 25-50 pts or 3 levels..
Reversal pattern forms on 1m or 5m
Engulfment Bar/Engulfs price
And a few other tidbits
4 out of last 5 days have provided exact same setup at close to the same time....Friday was a similar but this entry was at 8amNY 30mins before Im ready to pull the
trigger....So maybe 5 out of last 5 days for some....
Cheers have a great day done and dusted.
Blue
Master your Mind,,,Master the Market
- #8,580
- Jul 24, 2023 10:02am Jul 24, 2023 10:02am
- Joined Sep 2006 | Status: Trader | 10,704 Posts
@Bluesteele and company
Demo E/J continues
Look ! I spotted this vertical Zeppelin
( or viewed from above )
In Hind sight of course
Price shot up on the left of the chart, not pausing for breath, consolidated for a while, then distributed ( sold off) back to the level of original lift off of "Zeppelin"
Is there a theory that explains this better?
Accumulation, consolidation and distribution - or something like that?
PS. A LOT of Forex Pairs etc showed a huge drop around 8:15am UK time
Ps. Ps. AND LOTS of RED NEWS
Demo E/J continues
Look ! I spotted this vertical Zeppelin
( or viewed from above )In Hind sight of course
Price shot up on the left of the chart, not pausing for breath, consolidated for a while, then distributed ( sold off) back to the level of original lift off of "Zeppelin"
Is there a theory that explains this better?
Accumulation, consolidation and distribution - or something like that?
PS. A LOT of Forex Pairs etc showed a huge drop around 8:15am UK time
Ps. Ps. AND LOTS of RED NEWS
every Saint has a past. Every Sinner has a Future