No one realized that this was a Head and Shoulders setup? Here is what happened.
Jump to content
Posted 29 June 2016 - 11:10 PM
This screenshot below shows that you can take advantage of Round Numbers or Pivot Points or other SR indicators.
Price was going down, then it started to climb up.
Price started ranging, and then broke the range upward and became OB (Over Bought).
While it did a small pullback, the price stopped at a Round Number. Acting as a support.
Meanwhile, the VC became OS (Over Sold).
This indicates that the Oscillator moved faster than Price.
3m call. Well ITM.
Sometimes, in asian market, 15m exp would be hard to do, so I resort to 3m exp. One can easily do a 5m exp too.
Posted 29 June 2016 - 11:58 PM
This is for them who wanted a explanation within the image. I'll try to do some gif or video later.
Explained in the chart. Those who cannot see the chart can use this link http://web.archive.org/web/http://i.imgur.com/SltDIAK.png
And this is how it looked inside the demo platofrm,
Posted 30 June 2016 - 01:31 AM
Look at this trade setup.
Candle is getting bigger, so gotta wait for something like pinbar etc. Overall trend is DOWN. But in this specific context, price is going Upward by making Higher Lows for past few hours. I saw an Hourly Resistence, that means it might be rejected very hard, but there was also the M5 support waiting for us. Price did a very minimal downward move, and VC almost turned OS from all those OB signals.
Now that we see a nice pinbar, we know it's Good for a CALL while chance for a possible straddle coming up. If the Hourly Resistance was very close, I'd not take the trade.
No one is gonna stop you from doing some demo trades to test the waters.
Posted 30 June 2016 - 04:07 AM
I've been sharing all those separate screenshots because this is in strategy development forum and I can share the link to a particular trade setup in that way.
Heres a recent trade I just did, It was a risky trade, I almost thought it'd go OTM till last few moments.
Price made higher high and higher low. Then came down to the support in just one bar, so I waited but the second and third bars were inside bars of this big bar. I entered thinking that it might be too late if I enter moments later. So I did a trade while it was the marked candle.
Here's what it looked like in platform,
Posted 30 June 2016 - 07:35 AM
I shouted about this trade when price was acting weird. Even among all these chaos, this managed to land ITM. Price made a HH and HL, meanwhile VC became OS. Pretty simple trade.
Result was something to see.
Almost every new thread are bragging how they got ITMs all the way.. Let me show some ITMs I got using this strat (on a demo currently dedicated to this strat), compare them with all trades I've posted in this page.
To those who only shares profit screens, dude, your profit can be real or demo, but why show off? That's very immature socializing.
And to those who are not giving a damn about this strat and looking for ARROW AND TRADE strategies, You'll quickly lose your money, quicker than you imagine. Then you'll realize that Learning the movement of the market is more important that to follow some random Arrows. Also it's important not to be blind by some random screenshots.
Posted 30 June 2016 - 09:46 AM
it's like 1 2 3 Pattern in forex
Yup it looks like many different strategies. Like: Riding with HAS, HH style, 123 pattern, Divergence etc etc..
I am just sharing my styles in different threads like this one, PA thread and 2bar continuation thread. Its only one of 5-6 types of trading setups. I will combine all of them later. I have purposes to seperate them.
Posted 01 July 2016 - 03:43 AM
For now, for my own clarity purpose, I changed the demo to a specific MW demo to keep it clean. I couldn't trade other strats on the IQ demo or continuously making mistakes of taking trades on real account instead.
PS: Don't bother if you don't like me taking demo trades, this is not the right forum for that.
These trades are not recommended even though all of them was itm. These represents slightest mistakes, wrong judgement, rush etc. You gotta keep your head cool or close the terminal before you start clicking the CALL/PUT buttons unknowingly.
-1- Exp: 3m ITM
Clean movement but had to wait before entry. Usually I'd enter on the first like marked at 1.32494 after that first VC OS. But the candle was getting bigger and bigger. I saw another possible short term support and VC stopped being OS. Did a entry after that.
-2- Exp: 3m ITM
Not very clean. Upward movement, then a slight retracement and VC came back to its original position. Possible bounce from a support.
-3- Exp: 15m ITM
A very very risky trade. Possibly didn't follow the rules. I usually avoid such setup, but now that I took it, no choice but to talk about it. Honestly, I thought it'd be OTM.
Reasons to avoid:
Posted 02 July 2016 - 06:53 AM
Didn't care much about Divergence or other confirmations, just used SR knowledge.
Lemme know if there is any wrong.
Thats why I avoid fractal/sr for backtesting, it's already plotted when you backtest it. But in real market, it'll plot 2 bars later.
Within those 3 setups, only the first one is close enough. But it still not good enough.
For CALLS, there should be atleast these rules maintained, there are other rules to be checked but these are important steps:
It might create Divergence, but thats not what it is. What really important is how fast the price is moving.
A more close setup is around 14:15 of this chart.
Posted 03 July 2016 - 09:20 AM
Please take a look at these; tell me if I got them wrong
Good job, you got them almost right.
This is getting good.
From next time,
Now, its time for more practices and demo.
Posted 03 July 2016 - 01:11 PM
Helpfull suggestions; will try my best to clearify every details about SR... Actually there were SR, I cropped out the screenshots, next time I'll provide shots of full screen
These links might help you.
Posted 05 July 2016 - 11:53 AM
It started with this,
And several moments later, I did the entry.
Did a small trade, and here it is, Look at the entry, it was more than 15m, but it was enough.
So, the reason?
First I marked the SR,
Then, I just used the quick pullback to trade it.
It looks messy, but it ended ITM, right?
Btw, did you notice that there was another trade setup on the same chart I marked slightly?
Posted 06 July 2016 - 01:59 AM
Such clear setups. Its against overall downtrend, but that doesn't matter because its going up for few hours.
Same setup is shown in UJ. So its pretty much a correlated move.
0 members, 0 guests, 0 anonymous users