Justin's Playground | Page 171 | Crypto Craft

Options

Go to
Permalinks
Print Thread

Similar Threads

Trading Made Simple Playground 2 replies

P's playground 7 replies

Playground Price action 2 replies

Attachments: Justin's Playground
Exit Attachments

Justin's Playground

  • #3,401
  • Feb 7, 2024 3:58am Feb 7, 2024 3:58am
Quoting heispark
Major resistance levels..... {image}
Mr. Market may try to squeeze out price up until $1.6 level, but it may not very good to add new shorts now as nat gas is way oversold. Wait and see mode at the moment.....
Attached Image (click to enlarge)
Click to Enlarge Name: 2024-02-07 20-53-54.jpg Size: 817 KB
Simplicity is the ultimate sophistication - Leonardo da Vinci
  • #3,402
  • Feb 13, 2024 8:10am Feb 13, 2024 8:10am
Nat Gas collapsed again and it's now $1.6xx.... Can it go under $1? The situation is really dire. Storage is full, weather is warm, production is still record high, Biden paused new LNG export,... Mr. Market smelled blood and relentlessly pushing it down until no buyers remains. Horrible nature of the market......
Simplicity is the ultimate sophistication - Leonardo da Vinci
  • #3,403
  • Feb 19, 2024 6:22am Feb 19, 2024 6:22am
Attached Image (click to enlarge)
Click to Enlarge Name: 2024-02-19 23-19-44.jpg Size: 981 KB

Critical moment.... ABCD harmonic completed. It may test $2.00 or even higher before continue selling. Short covering rally may make some sense at this time.....
Simplicity is the ultimate sophistication - Leonardo da Vinci
  • #3,404
  • Feb 19, 2024 10:26pm Feb 19, 2024 10:26pm
Attached Image (click to enlarge)
Click to Enlarge Name: 2024-02-20 15-23-16.jpg Size: 281 KB

https://www.fxempire.com/forecasts/a...t-glut-1410668
Simplicity is the ultimate sophistication - Leonardo da Vinci
  • #3,405
  • Feb 21, 2024 3:28am Feb 21, 2024 3:28am
Quoting heispark
{image} Critical moment.... ABCD harmonic completed. It may test $2.00 or even higher before continue selling. Short covering rally may make some sense at this time.....
Interesting progress currently......
Attached Image (click to enlarge)
Click to Enlarge Name: 2024-02-21 20-21-14.jpg Size: 328 KB

James' commentary is worth reading: https://www.fxempire.com/forecasts/a...raders-1410898
Also, March contract is expiring next week and taking profit by closing sell positions before rolling over could make some short covering rally.
Simplicity is the ultimate sophistication - Leonardo da Vinci
  • #3,406
  • Feb 21, 2024 6:10am Feb 21, 2024 6:10am
Although grandma says you shouldn't touch widow maker spread (March-April), year 25 spread is pretty much tempting with high RR:
Attached Image (click to enlarge)
Click to Enlarge Name: 2024-02-21 22-50-41.jpg Size: 428 KB

Attached Image (click to enlarge)
Click to Enlarge Name: 2024-02-21 22-51-24.jpg Size: 432 KB
Attached Image (click to enlarge)
Click to Enlarge Name: 2024-02-21 22-53-22.jpg Size: 1.7 MB

In 20 years of history, it hasn't gone down below -$2.00.
Attached Image (click to enlarge)
Click to Enlarge Name: 2024-02-21 22-52-44.jpg Size: 1.6 MB

If you are willing to gamble about $4K (historical max risk), you can expect very high return if you're lucky. It can possible, if producers reduce production significantly and next Winter is cold or average temperature.

Margin is also very cheap at the moment (it can quickly grow when volatility becomes high).
Attached Image (click to enlarge)
Click to Enlarge Name: 2024-02-21 23-05-34.jpg Size: 263 KB
Simplicity is the ultimate sophistication - Leonardo da Vinci
  • #3,407
  • Feb 23, 2024 3:57am Feb 23, 2024 3:57am
Larry Williams Commercial Proxy Index

An interesting indicator.....
https://forex-station.com/post129553...ml#p1295534883
Attached Image (click to enlarge)
Click to Enlarge Name: XNGUSDM5.png Size: 29 KB

Attached Image (click to enlarge)
Click to Enlarge Name: 2024-02-23 21 00 44.png Size: 9 KB

Attached File(s)
File Type: ex4 ! LWPI - (bands).ex4   37 KB | 374 downloads
Simplicity is the ultimate sophistication - Leonardo da Vinci
  • #3,408
  • Edited Feb 24, 2024 6:04am Feb 23, 2024 11:34pm | Edited Feb 24, 2024 6:04am
Steve is in MIA..... Hope he's well ........

EDIT: He's fine and coming back soon.
Simplicity is the ultimate sophistication - Leonardo da Vinci
  • #3,409
  • Feb 26, 2024 3:18am Feb 26, 2024 3:18am
Quoting heispark
{quote} Although it takes some time before harvest, spread trading is very comfortable and safe. My 2024 spread positions will follow the similar pattern to 2023..... {image} {image}
Jun-July spread reached the target first. The power of seasonality!
Attached Image (click to enlarge)
Click to Enlarge Name: 2024-02-26 20-17-56.jpg Size: 1.7 MB
Simplicity is the ultimate sophistication - Leonardo da Vinci
  • #3,410
  • Feb 26, 2024 3:34am Feb 26, 2024 3:34am
Liquidity is stacked up below under the gap. It's likely price would revisit $1.6xx level.... By the way, this chart is April contract.

Attached Image (click to enlarge)
Click to Enlarge Name: 2024-02-26 20-31-31.jpg Size: 752 KB

Attached Image (click to enlarge)
Click to Enlarge Name: 2024-02-26 20-31-55.jpg Size: 349 KB
Simplicity is the ultimate sophistication - Leonardo da Vinci
  • #3,411
  • Feb 27, 2024 3:19am Feb 27, 2024 3:19am
Quoting heispark
Liquidity is stacked up below under the gap. It's likely price would revisit $1.6xx level.... By the way, this chart is April contract. {image} {image}
<Update>
The liquidity is still there and the price is coming down after a fake move yesterday:
Attached Image (click to enlarge)
Click to Enlarge Name: 2024-02-27 20-13-33.jpg Size: 463 KB

Attached Image (click to enlarge)
Click to Enlarge Name: 2024-02-27 20-13-59.jpg Size: 297 KB
Simplicity is the ultimate sophistication - Leonardo da Vinci
  • #3,412
  • Feb 28, 2024 4:32am Feb 28, 2024 4:32am
Quoting heispark
{quote} <Update> The liquidity is still there and the price is coming down after a fake move yesterday: {image} {image}
<Update>
The gap was nearly filled. The liquidity below hasn't been taken out yet and the price moves upside right now. Still those liquidity below is suspicious. Be cautious, the price can suddenly change the direction and violently move down to take them out and properly fill the gap.
Attached Image (click to enlarge)
Click to Enlarge Name: 2024-02-28 21-27-22.jpg Size: 476 KB

Attached Image (click to enlarge)
Click to Enlarge Name: 2024-02-28 21-27-42.jpg Size: 294 KB
Simplicity is the ultimate sophistication - Leonardo da Vinci
  • #3,413
  • Edited 10:06am Feb 28, 2024 4:37am | Edited 10:06am
If I have to choose the biggest jerk and SCAM player in FF, I'd like to choose the following one. His postings don't make any sense and don't have any value. That guy just make me sick. Not sure why RickM's getting along with him. RickM may be the same kind I guess.... ?
Attached Image (click to enlarge)
Click to Enlarge Name: 2024-02-28 21-35-14.jpg Size: 90 KB
Simplicity is the ultimate sophistication - Leonardo da Vinci
  • #3,414
  • Feb 28, 2024 10:19am Feb 28, 2024 10:19am
Quoting heispark
{quote} <Update> The gap was nearly filled. The liquidity below hasn't been taken out yet and the price moves upside right now. Still those liquidity below is suspicious. Be cautious, the price can suddenly change the direction and violently move down to take them out and properly fill the gap. {image} {image}
It's consuming liquidity above at the moment. $2.00 level is almost guaranteed to be taken out. Daily 50 EMA is the target. But be cautious about the liquidity below. The price may revisit $1.6xx level sooner or later. Current condition of nat gas is quite bad indeed.
Attached Image (click to enlarge)
Click to Enlarge Name: 2024-02-29 03-13-13.jpg Size: 570 KB

Attached Image (click to enlarge)
Click to Enlarge Name: 2024-02-29 03-14-16.jpg Size: 844 KB
Simplicity is the ultimate sophistication - Leonardo da Vinci
  • #3,415
  • Mar 6, 2024 3:38am Mar 6, 2024 3:38am
$2.00 has been reached. Next target is 50EMA. Several gaps below could be filled before or after touching the 50EMA.
Attached Image (click to enlarge)
Click to Enlarge Name: 2024-03-06 20-36-04.jpg Size: 1,014 KB
Simplicity is the ultimate sophistication - Leonardo da Vinci
  • #3,416
  • Mar 6, 2024 9:19am Mar 6, 2024 9:19am
Attached Image (click to enlarge)
Click to Enlarge Name: 2024-03-07 02-17-09.jpg Size: 55 KB

An interesting liquidity noted.
Simplicity is the ultimate sophistication - Leonardo da Vinci
  • #3,417
  • Mar 6, 2024 9:24am Mar 6, 2024 9:24am
Quoting heispark
{quote} Jun-July spread reached the target first. The power of seasonality! {image}
Bought the spread hours ago (betting to spread narrowing). Purchasing price: -0.243. Risk is calculated.
Attached Image (click to enlarge)
Click to Enlarge Name: 2024-03-07 02-20-20.jpg Size: 1.5 MB
Simplicity is the ultimate sophistication - Leonardo da Vinci
  • #3,418
  • Mar 7, 2024 11:04am Mar 7, 2024 11:04am
Quoting heispark
For an experiment, I am watching each minute chart from 1M to 20M (i.e. 1M, 2M, 3M, .... 20M). Does anyone do this too? I use a commercial offline charting indicator for MT4. In each chart, I also loaded a lot of indicators. That's why I had to upgrade my PC. My current PC: {image} Oviously, Joe Dinapoli wouldn't agree this idea..... {image}
I found a critical issue when I use offline charting to use unsupport timeframes on MT4. Indicators display inaccurately on offline charts after chart refresh! Non-repainting indicators become repainting indicators. That makes visual backtesting difficult. Very much dissapointing as I liked 1M, 2M, 3M, ..... etc. concept.
Simplicity is the ultimate sophistication - Leonardo da Vinci
  • #3,419
  • Edited Mar 8, 2024 5:19am Mar 7, 2024 8:27pm | Edited Mar 8, 2024 5:19am
It's time to say goodbye to IC Markets. Holy crap..........

Attached Image (click to enlarge)
Click to Enlarge Name: 2024-03-08 13 25 32.png Size: 73 KB


My alternative could be IC Markets Global (not sure yet if they accept) or Tickmill. To be honest, I'm a bit sick tired of Aussie brokers.....
Simplicity is the ultimate sophistication - Leonardo da Vinci
  • #3,420
  • Mar 8, 2024 11:33am Mar 8, 2024 11:33am
Quoting heispark
It's time to say goodbye to IC Markets. Holy crap.......... {image} My alternative could be IC Markets Global (not sure yet if they accept) or Tickmill. To be honest, I'm a bit sick tired of Aussie brokers.....
Attached Image (click to enlarge)
Click to Enlarge Name: 2024-03-09 04 27 03.png Size: 9 KB

Migrated to IC Markets Global. As long as nat gas MT4 charting works, I don't care even if they rip up their clients. As a result of this migration, I had to close/reopen my trading positions. I think IC Markets doesn't do effective communication to their clients. Anyway, glad I saved my time and effort to make new account in another broker.
Simplicity is the ultimate sophistication - Leonardo da Vinci
12 traders viewing now