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Smmtrader replied Apr 16, 2021Another excellent example of this system is clear from the charts below: GBPNZD BUY image 1. Crack and snap at a fresh strong demand zone (that has been identified well ahead of time) 2. Clear, strong - inverted head and shoulders / W pattern near ...
My trading journal for "How to beat the market maker.." system
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Smmtrader replied Apr 16, 2021You are welcome. 1) Multi timeframe confirmation usually results in higher probability trades. Dual confirmation on H4 and M15 gets the odds more in the favor of the trade 2) Ensuring the confluence of the following usually results in a higher ...
Trading with VWAP and Price Action
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Smmtrader replied Apr 16, 2021Hi Hanxyork, Thank you for the detailed post. I noticed that "mwfx108" has a copyright on this indicator. I believe "mwfx108" would have been the original creator and it would probably be appropriate for mwfx108 to make edits. Did you reach out to ...
Trading with VWAP and Price Action
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Smmtrader replied Apr 15, 2021GBPUSD SELL image EURUSD SELL image NZDUSD SELL image
My trading journal for "How to beat the market maker.." system
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Smmtrader replied Apr 14, 2021Hi Thakri, Please see below (Mpre recently i found a lot of value in drawing the fresh, strong Demand and Supply zones near the price and referencing them before entering a trade) Demand / Supply: image M15: image H4: image Based on the two ...
Trading with VWAP and Price Action
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Smmtrader replied Apr 14, 2021Simple way to identify fresh and strong demand and supply zones: 1. Minimize the charts completely (Can use H1, H4, D1 or W1 timeframes) 2. Visually check for areas from which price has moved quickly (downwards or upwards), without hesitation and ...
Trading on H4 using Price Action
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Smmtrader replied Apr 14, 2021It is very important to know the demand / supply zones (especially the ones that are fresh and strong) as they can cause the price to reverse. Before entering any trades, please draw the demand / supply zones on all the currency pairs you are ...
Trading on H4 using Price Action
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Smmtrader replied Apr 14, 2021If you are long on AUDJPY, watch out for the supply zone the price is at now. Notice how quickly price dropped from the supply zone marked in yellow (earlier move). Price could go sideways or reverse from here. Please continue to watch the PA. ...
Trading on H4 using Price Action
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Smmtrader replied Apr 13, 2021Watching AUDJPY for a BUY (Need to see a clear break of TL, retrace and reject ... etc) image The PA is a bit more clear on H1 at this point. image
Trading on H4 using Price Action
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Smmtrader replied Apr 13, 2021Are the symbols exactly as listed without any additional characters? Also, i cannot create a Demo account since they prohibited U.S. - I tried to create so that i can test and fix the issue if any - oh well !. BTCUSD LTCUSD ETHUSD
Trading on H4 using Price Action
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Smmtrader replied Apr 13, 2021Yes. I manually do the calculations for each pair based on candle stick patterns, Trend lines, Demand / Supply zones etc. The bar from which the arrows should show is determined manually by looking at TL breaks etc on H4. The arrow itself is drawn ...
Trading on H4 using Price Action
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Smmtrader replied Apr 13, 2021I manually analyze the PA on Multiple timeframes using MN, W1, D1, H4 charts and feed the indicator as variables for each Currency pair / Gold / 3 Cryptos. There is no automatic determination of the PA direction.
Trading on H4 using Price Action
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Smmtrader replied Apr 13, 2021Welcome. Please be aware that the symbols on your charts must match the following for it to work. Unfortunately i could not get a Demo account at the broker you had mentioned earlier. BTCUSD LTCUSD ETHUSD
Trading on H4 using Price Action
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Smmtrader replied Apr 13, 2021I used a demo account on broker - HYCM and updated the indicator to work for the following Crypto symbols. BTCUSD LTCUSD ETHUSD Please download from Post#1. Green Pips! image image image
Trading on H4 using Price Action
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Smmtrader replied Apr 13, 2021No luck trying to create a Demo account. please see screenshot below image The quickest way to move forward would be for you to send me demo account details and i can test with that. Thanks.
Trading on H4 using Price Action
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Smmtrader replied Apr 13, 2021you are welcome godwi. Please try adjusting the values for mainIntermediate_X and mainIntermediate_Y. It could be due to the screen resolution at your end. image
Trading on H4 using Price Action
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Smmtrader replied Apr 13, 2021Just to avoid any confusion. This indicator is a tool that helps visualize the manually determined PA direction on HTF (D1/W1) and H4 and the arrow only represents that a "Marubozu like" candle has formed. This indicator is not a BUY SELL Signal ...
Trading on H4 using Price Action
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Smmtrader replied Apr 13, 2021Stop loss is usually up to the trader. I do not use a hard stop loss. I wait for market to close above the zone before manually exiting. Some times the price does a "crack and snap" in the area and comes back to continue in the direction of the ...
Trading on H4 using Price Action