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Daily Chart 3-Candle

  • #801
  • Oct 19, 2018 6:45am Oct 19, 2018 6:45am
Long GU Bullish 123 (Swing Pivot) at Last Week's Low. Also Swing Back to older Swing Pivot.
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  • #802
  • Oct 19, 2018 6:47am Oct 19, 2018 6:47am
These all have the potential of delivering some nice swing trades. Will see how they fair at their respective resistance levels.
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  • #803
  • Oct 19, 2018 7:05am Oct 19, 2018 7:05am
UsdCad spilked up and is coming back down into best sell levels. Good Potential. Will wait for a clear setup.
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  • #804
  • Oct 19, 2018 8:25am Oct 19, 2018 8:25am
Quoting simoneg
Long EU Rejected Daily HISTORY BEST SELL & Last Week's Low. {image}
thank you for showing all these live trades. now i try to catch up and to get an idea of spotting good setups.

the EU trade yellow line (daily history best sell) was drawn manually, right?
trading is like dancing, don't think and just listen to the music!
  • #805
  • Oct 19, 2018 8:28am Oct 19, 2018 8:28am
Quoting birdland
{quote} thank you for showing all these live trades. now i try to catch up and to get an idea of spotting good setups. the EU trade yellow line (daily history best sell) was drawn manually, right?
To
Thank you birdland! Yes manually to avoid too many history lines on the chart. Thinking of a way we could improve on that aspect.
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  • #806
  • Oct 19, 2018 8:39am Oct 19, 2018 8:39am
Quoting simoneg
{quote} To Thank you birdland! Yes manually to avoid too many history lines on the chart. Thinking of a way we could improve on that aspect.
yes i see also this problem. too many history lines clusters the chart. but some are very important, while others not. there will be still the need to add manually, important lines.
and the question is: which history lines are important and which not? i guess experience with this approach will give the answer...
trading is like dancing, don't think and just listen to the music!
  • #807
  • Oct 19, 2018 8:47am Oct 19, 2018 8:47am
Quoting birdland
{quote} yes i see also this problem. too many history lines clusters the chart. but some are very important, while others not. there will be still the need to add manually, important lines. and the question is: which history lines are important and which not? i guess experience with this approach will give the answer...
Yes birdland I still for now need to manually draw some history lines.

The ones I pay attention to are:
On higher timeframe. D, W, M
Where price reacted strongly

On the current timeframe (mainly h4 sometimes h1) I use them to add to my positions.
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  • #808
  • Oct 19, 2018 10:58am Oct 19, 2018 10:58am
Hello Simoneg,

Let me simplify my question.

The historical level buy/sells, how are they calculated, so far H1, H4, D1 , W1 & MN1 how is it calculating these levels?

I don't understand from your last response.

Regards
Raf
  • #809
  • Oct 19, 2018 11:11am Oct 19, 2018 11:11am
Quoting Rafaz1
Hello Simoneg, Let me simplify my question. The historical level buy/sells, how are they calculated, so far H1, H4, D1 , W1 & MN1 how is it calculating these levels? I don't understand from your last response. Regards Raf
She had answered in post 807 that they are drawn manually.
They are eyeballed and drawn not 'calculated'.
For monthly, go to monthly chart and draw, for weekly go to weekly chart and draw, for daily go to daily chart and draw .....etc.
As for the indicator itself, non programmer would not have known how is it 'calculated', only the programmer would know.
ITB - Seeing Orderliness amongst 'Randomness'
  • #810
  • Oct 19, 2018 11:13am Oct 19, 2018 11:13am
Quoting Rafaz1
Hello Simoneg, Let me simplify my question. The historical level buy/sells, how are they calculated, so far H1, H4, D1 , W1 & MN1 how is it calculating these levels? I don't understand from your last response. Regards Raf
I'm not using any formulas to calculate anything Rafaz. The fractals already do that. I just put a line where the fractal structure says there is a pivot price.
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  • #811
  • Oct 19, 2018 11:38am Oct 19, 2018 11:38am
hello guys!
is this a potential setup?





http://prntscr.com/l82hnj
  • #812
  • Oct 19, 2018 11:43am Oct 19, 2018 11:43am
Quoting tony1200
hello guys! is this a potential setup? http://prntscr.com/l82hnj
Yes Tony it is. You can observe the PA at the entry price on H4 to make a decision.
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  • #813
  • Oct 19, 2018 11:51am Oct 19, 2018 11:51am
Quoting simoneg
{quote} Yes Tony it is. You can observe the PA at the entry price on H4 to make a decision.
what r some of the techniques you use on 4 hr? pinbar or inside candle to get in? any you recommend?
thanks
  • #814
  • Oct 19, 2018 12:02pm Oct 19, 2018 12:02pm
Quoting tony1200
{quote} what r some of the techniques you use on 4 hr? pinbar or inside candle to get in? any you recommend? thanks
I'll respond to you in a few Tony. I'm on the road.
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  • #815
  • Oct 19, 2018 1:55pm Oct 19, 2018 1:55pm
Taking profit here. Would have loved to see GJ close above Monthly and Weekly levels. Figure price will gap up on Sunday and continue. Who knows. Only sure of what I have now so to the bank.

Kindly be patient with me as I try to answer all your questions and and provide as much information as I can to help you get more comfortable with the strategy. If I don't respond to your message immediately I'm busy elsewhere. If I don't respond to your message at all I didn't see it.

Have a great weekend all.
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  • #816
  • Oct 19, 2018 2:00pm Oct 19, 2018 2:00pm
Quoting tony1200
{quote} what r some of the techniques you use on 4 hr? pinbar or inside candle to get in? any you recommend? thanks

Hi Tony,

I only find pinbars useful in telling me whether buyers/sellers are getting ready to reject a level. I pay more attention to the candlestick information rather than the pattern. As you review the trades we take here and going forward you will pick up additional bits of information along with what has already been shared.

That said, try to stick to the two basics that we are trading, the best buy/sell and the Swing Pivots. If I do not see those I do not trade.

Best
Simone
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  • #817
  • Edited 8:20am Oct 20, 2018 6:13am | Edited 8:20am
Hi SwingMan,

Can you please look into this?

I am doing some analysis on the GBPUSD MONTHLY looking at the most recent HISTORY LEVELS. I noticed that the HISTORY BEST BUY LEVEL which I have marked in yellow on my chart was not drawn.
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Click to Enlarge Name: check1.png Size: 27 KB
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  • #818
  • Oct 20, 2018 6:50am Oct 20, 2018 6:50am
hi ….is this a valid setup?,,,, just scrolling the markets for learning experience!

http://prntscr.com/l8b2vm
  • #819
  • Oct 20, 2018 7:32am Oct 20, 2018 7:32am
Quoting tony1200
hi ….is this a valid setup?,,,, just scrolling the markets for learning experience! http://prntscr.com/l8b2vm
Yes Tony it is.
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  • #820
  • Oct 20, 2018 10:25am Oct 20, 2018 10:25am
Quoting simoneg
… I noticed that the HISTORY BEST BUY LEVEL which I have marked in yellow on my chart was not drawn.
OK, I found the bug!

The info for a programmer: missed is "hBUY [MN1]_1 line"
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