MajorMagnuM
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there is a link between that daisy song , a us telephone company and a guy that also played the markets.
anyone?
anyone?
Intraday Live short term trading calls from an Expert Retail Forex Trader
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MajorMagnuM
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Camel Salesman
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No intraday trader shouldbe trading without an SSD Hard drive :smart:
Geofract
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F, I am reviewing yesterday on EU.
When you have a spare minute, could you re-post your tick chart for EU please, zoomed into the area marked in blue, on attached. That way I'll be able to see a bit better how your black arrows relate to the price in the afternoon.
It was a pretty complex, but useful day. I think the penny may have dropped on a few aspects, I live in hope anyway lol.
I hope everyone is enjoying some sunshine today 😎
Cheers,
G
When you have a spare minute, could you re-post your tick chart for EU please, zoomed into the area marked in blue, on attached. That way I'll be able to see a bit better how your black arrows relate to the price in the afternoon.
It was a pretty complex, but useful day. I think the penny may have dropped on a few aspects, I live in hope anyway lol.
I hope everyone is enjoying some sunshine today 😎
Cheers,
G
Geofract
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Hopefully you don't mind me picking this all apart F? If you do have time to crit this post, it would be appreciated. Or perhaps elaborate further?
I am trying to see if I understand the various reasons for entry during the am on EU.
Attached chart has trades numbered.
I'll take as a given that you had signals on your tick chart, and the TW's align. Beyond that, possible rational for entries, as follows...
1. Sell EU - price at top of a range/res, albeit within what is a BTTZ, or at least tight range.
2. Buy EU - 3rd touch of DTL - DTL can be seen easier on H1, but we know it's there. Bullish PS on higher TF, price above Lits.
3. Buy EU - 3rd touch of DTL, price previously broke res at 1098/1100, re-confirming bullish PS, price above Lits. M1 and M5 price making HH & Hl pattern.
4. Buy EU - much the same as above, though with price making return to clear RBS zone.
5. Buy EU - Presumably that's a loser, or BE at best, but anyway, price lining up with DTL, and RBS zone, plus much of the above rational for trades 3 & 4.
6. Sell EU - Continuation entry, in M1 downtrend - M1 making LL LH pattern. Support becomes resistance, DTL broken to downside, and break of sideways price range (which started from 10.40 am BST).
Sounding plausible?
I am trying to see if I understand the various reasons for entry during the am on EU.
Attached chart has trades numbered.
I'll take as a given that you had signals on your tick chart, and the TW's align. Beyond that, possible rational for entries, as follows...
1. Sell EU - price at top of a range/res, albeit within what is a BTTZ, or at least tight range.
2. Buy EU - 3rd touch of DTL - DTL can be seen easier on H1, but we know it's there. Bullish PS on higher TF, price above Lits.
3. Buy EU - 3rd touch of DTL, price previously broke res at 1098/1100, re-confirming bullish PS, price above Lits. M1 and M5 price making HH & Hl pattern.
4. Buy EU - much the same as above, though with price making return to clear RBS zone.
5. Buy EU - Presumably that's a loser, or BE at best, but anyway, price lining up with DTL, and RBS zone, plus much of the above rational for trades 3 & 4.
6. Sell EU - Continuation entry, in M1 downtrend - M1 making LL LH pattern. Support becomes resistance, DTL broken to downside, and break of sideways price range (which started from 10.40 am BST).
Sounding plausible?
Forexmospherian
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Morning Geofract
No problem - I will do that for you - if I can
I have just been on FXPro this morning - and I cannot get yesterdays charts up - at all - on any pair - in fact the last charts I can get are only for June 30th ?
Obviously some technical problem and I will try later on this morning - rebooting and re logining in again
I have had this happen before a couple of times at weekends - and then a few hours later - all back to normal
Enjoy your weekend - and yes - nice sunny morning here in the Midlands as well
Regards
F
Hi F,
Please save me endless scrolling, are these the current settings?
"For now new settings at 10 - 16 - 27 - 60 - 80 - 105 - 240 - 300 - 450 -"
Thanks and hopefully finally good to go Monday morning....
I want to replicate the 08.58 EU from yesterday.
Cheers
Please save me endless scrolling, are these the current settings?
"For now new settings at 10 - 16 - 27 - 60 - 80 - 105 - 240 - 300 - 450 -"
Thanks and hopefully finally good to go Monday morning....
I want to replicate the 08.58 EU from yesterday.
Cheers
NVP
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MajorMagnuM
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I believe I saw more than one you posted that looked more elaborate again than F's.
Anyhow, I just need to get my lines aligned with F and get pressing buttons on Monday and 50 fx points a day coming my way.
I will try to give time to it this coming week and cover 4 pairs and report here. Not as fast as F but I will try and give a pip update at the end of the day. Yes I know it should take many hours etc but 3 short lines under i'm buying 3 short lines over i'm selling, withing the KTW of course.
Monday here I come -)
Ok back to the tennis
itspossible
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^fingers crossed 4 murray
itspossible
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i play for a club.hes being careful now.not risking as much.
Forexmospherian
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Hi Nick
Yes - approx
OK - the idea when you use 9 + LR's is the more over price - then price is bearish and falling next hour or even hrs - and opposite the more under - price is bullish and rising the next hr or hrs.
Check out any of my 1 min charts last week or month
Very rarely will you get 9 or 12 or more LRs all under or over price - if the settings are spread from say 10 to 500+. For this to happen it would be a very strong bull run in a bull session structure - or opposite if all over the price.
If you only want to use 4 or 5 LRs - choose how you want to play
For scalping all the while either way in any price structure - you need 2 or 3 Lrs on quick settings from 8 to 25 ish
For scalping and wanting targets of say 7 -20 pips - then any choice of quick settings - ( under 15 ) along with the 50 / 60 to 100 /120 settings
If you want to add a more price structure bias setting add a 240 to 500 setting
So as an example and a rough guide try 10 - 16 - 70 - 250
For scalping only - try 9 -13 - 22 - 50
Remember - to line up with PA / time windows / key times / and levels
It will take you at least 1 week or 2 and 50 + trades to feel more comfortable and for you to adjust your settings to suit you own reactions and comfort levels
Then its every 500 trades - or every 6 - 9 weeks - you should start to see improvements - ie stops under 5 pips - targets 5 -20+ pips - and 70% + win ratios.
After 1000 trades - do the whole review - hopefully by then you have moved from testing to live and your entry timings will be well on the way to good success
GL
Regards
F
NVP
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Forexmospherian
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Morning Nick and N
4 pairs - maybe GU / AU / UJ and EU if you are used to it.
Trouble is the EU can be the most difficult and hardest pair to trade - some days - and then other days - it can be easy
The AU and UJ are slower pairs - but still OK for intraday.
GU - can be another EU and of course a larger mover . To compliment the EU - really the EJ and EA are good - but both can be larger movers- great when you catch a scalp the correct way - but bad if your timings out
Now with regards to what N says - i would have to agree.
When Major M tried to copy my system - he had to go on demo first and until he got his timing correct as well as his chart set up - he could easily have only a 20 -30% win ratio. Many times - he would think it was him - and blame himself - but its like any skill in life - it does not just come instantly - you have to work at it
If you feel you have already done over 100 scalps my way - but not on my chart set up - at least give it a few days on demo first - just to adapt to the new readings
OK - you will have me around to assist on the thread - but last thing i want is you getting stopped out 4 times in a row on 5 pips - because you entered 3 mins too early or 5 mins too late etc.
If you think - no problem - I am starting with small micro lots etc - then fine - and if you are going to do over 15 or 30 scalps a day - then factor in for a start you might only have a 50/50 win ratio and if you think if i lose $10 a day whilst learning the set up - that's no problem -as it your money.
You know how good MM is now - but he will tell you - it was weeks and months for him to get his exact entry timing to a consistent level - and on some chart set ups - the LR's were not helping him - until he got used to all their different meanings etc etc
Anyway - how ever you do it no problem - I will be around this week - so will help the best I can
Meanwhile - still cannot get into may charts for Friday - strange
Regards
F
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