Don’t follow someone else’s trading advice blindly
Trading research papers 12 replies
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DislikedHi all, There are so many valuable info about market like so many threads out there, How can you analysis or predict EU or GU or EJ .... according to this strategy for next week ( just about 40 % not more than it ) ? Best allIgnored
DislikedSorry Yeah, it is a bit confusing. Ok, I mean, after the Swing Failure, ideally are we looking for price to not enter the wick of the previous bar at all but, aggressively move towards the high of the failure bar? Obviously a close below the SP is going to take us out, is it not? As a close below is going to enter the wick of the SP failure bar. {image}Ignored
DislikedHi all, There are so many valuable info about market like so many threads out there, How can you analysis or predict EU or GU or EJ .... according to this strategy for next week ( just about 40 % not more than it ) ? Best allIgnored
Disliked{quote} Its a fake out for sure but I am not too confident heading back into the 1.71 RN. {image} g.Ignored
Disliked{quote} I see what you mean. Well, ideally that's exactly what you want to see i.e price shooting off straight away without any attempts to fill in the wick. However the length of the wick provides the trade setup with the breathing space. Because the stops go beyond the fake out high/low it essentially means that given the strength of the setup you are willing to hold on to the trade up until the point it decides to take the stop out or completely fill the fake out wick. I have seen many instances where price ends up filling the fake out wick partially...Ignored
Disliked{quote} Many thanks for the detailed explanation Ghous, it helps a lot. The GBP/NZD has been on my books for a while now. However, the close being below the VBRN makes it tricky to get in. I imagine you are already in it off of the 2.000 today. I got up too late for an entry at that point this morning. {image}Ignored
DislikedHow about this pair, may be giving the input pattern when cutting the TL {image}Ignored
DislikedHi,Pinbar!This is sfp educated gap? or how it can be called. Thanks in advance. {image}Ignored
Disliked{quote} But this one's on my radar. Close under the LLS as well as the 2.00 BRN. Quite an obvious target area too. {image} g.Ignored
Disliked{quote} Hey there, I am not Steve, but to answer your question, that line you drew is what I refer to as HHR or Highest High or Resistance of a swing point. Its the reference line I use to watch the bar close on the fake out. So in case of an HHR, the fake out bar must close below the HHR. In the reverse scenario the level is referred to as LLS or Lowest Low of Support which again serves the same purpose. The fake out bar this time must close above the LLS line. Hope this is clear. g.Ignored
Disliked{quote} Nice. I thought and thought about GBP/JPY. Those preceding bar highs made me uncomfortable and eventually made me pass on it. {image} g.Ignored
Disliked{quote} Yeah, they also had me a bit concerned, that is why I decided to enter just before the break of the PB. Damn, I intended to close out 2/3 of the USD/CHF but closed out the entire position by mistake. Well, it was a fair trade. When will you open your thread Ghous? Can't wait. You must be at BE right now? {image}Ignored