luminousneo:
Nice to know that someone is interested to know more… I’m waiting for this question for so long…hehehe
I admit to decide where to go is the most difficult part…its easier to see when u trade with the trend but its confusing when it reverse or when trend changes…
Here is a picture of basic deja vu wave…
In an UPTREND market we only look for BUY signal while in a DOWNTREND market we only look for a SELL signal. When trend changes I can’t think of any other method to use except of these 2 things :
UPTREND : LL followed by HL (series of HL is a sign of STRONG UPTREND)
DOWNTREND : HH followed by LH (series of HL is a sign of STRONG DOWNTREND)
Trend will most likely to change when these 2 conditions formed. That is why we need to skip the 1st wave because we can only see HL or LH on 2nd wave…
Below is a good example of how to see market. ‘N’ stands for NEW. The bBLUE background is our buy setup. The example below is a bit tricky but try to understand it n i’m looking forward for ur question.
I’m pretty sure I understand why you ask this question. I ask to skip 1st wave but sometime 1st wave move very big and u find u lost an opportunity to enter. For example in and uptrend then market drop on first wave for hundreds of pips. Per rule u cannot enter sell because it still 1st wave and no LH form yet. Its a waste. No worries. I’m sure there is LH somewhere n you will not miss opportunity to sell… WHERE? Try to look at at lower TF…5m or 15m…more to reveal…
Lumi, nice chart.
Anyway just a thought of mine.
Dont you think that your experience trading the market and reading waves etc etc influence your trade decision?
I mean I remember you asking me to try just picking buy or sell on EU months ago on the candle opening of every hour.
60 pips for the first half a day. And that was because I was subconsciously only picking sell because I could see the bias was for sell that day.
What you think??
p/s in regards to the chart, kalau saya cakap nice job ada saya kena belasah nanti…
Nikitafx:
Lumi, nice chart.
Anyway just a thought of mine.
Dont you think that your experience trading the market and reading waves etc etc influence your trade decision?
I mean I remember you asking me to try just picking buy or sell on EU months ago on the candle opening of every hour.
60 pips for the first half a day. And that was because I was subconsciously only picking sell because I could see the bias was for sell that day.
What you think??
p/s in regards to the chart, kalau saya cakap nice job ada saya kena belasah nanti…
You mean the BUYZONE theory? Yes its working with the bias but I can say u r lucky to get that much for the 1st half day…coz the BZ need more effort n depends on ur availability… all system work with bias if u do it rite…
In this case I see wave as a point of getting my pips…just imagine on an UPTREND … my setup area is from HL to previous HIGH… HL ( Stop Loss) n previous HIGH ( Take Profit) and the probability to hit TP is very high…n I just need to check few minutes on every hour to set my trade… BUT it doesnt stop me to sell either especially if I see waves on lower TF but of course TP will be smaller… 1 or 2 red candle in 1hr might be a DOWNTREND in lower TF…
This is my latest trade tonite…
Entry is a bit early coz I saw HL on 5m n 15m…and its hit TP and see what happened after my TP hit…Its dropped… I guess my “SILLY” fibo is perfect…
My pleasure! Thank YOU for sharing your ideas!
Well, I do not have to ask, because it’s all there. That’s what I mean. I do understand the basics of trading, so I can just try your skeletton with some own ingredients. A newbie would imho have a hard time to figure out some other things like risk management and so on. Well, maybe we have a different opinion regarding newbies.
Maybe I’d write a bot later on, we’ll see. No promise though. Just an idea.
Nice trade that with the fiber. I closed my position a bit too early. I had another idea with this trade and we probably entered the same time around. Well, tomorrow is another day …
What do you think about this?
I think downtrend is starting… USD getting strenght…
hehehe I never think bro… I only see…any LH to sell? if yes then u can sell…
Buckscoder:
My pleasure! Thank YOU for sharing your ideas!
Well, I do not have to ask, because it’s all there. That’s what I mean. I do understand the basics of trading, so I can just try your skeletton with some own ingredients. A newbie would imho have a hard time to figure out some other things like risk management and so on. Well, maybe we have a different opinion regarding newbies.
Maybe I’d write a bot later on, we’ll see. No promise though. Just an idea.
Nice trade that with the fiber. I closed my position a bit too early. I had another idea with this trade and we probably entered the same time around. Well, tomorrow is another day …
I agree with u… Well, I’m watching EU Monthly wave…try buy now n hold till TP hit around 1.4800…peace
Buckscoder:
My pleasure! Thank YOU for sharing your ideas!
Well, I do not have to ask, because it’s all there. That’s what I mean. I do understand the basics of trading, so I can just try your skeletton with some own ingredients. A newbie would imho have a hard time to figure out some other things like risk management and so on. Well, maybe we have a different opinion regarding newbies.
Maybe I’d write a bot later on, we’ll see. No promise though. Just an idea.
Nice trade that with the fiber. I closed my position a bit too early. I had another idea with this trade and we probably entered the same time around. Well, tomorrow is another day …
Price action is for newbies. Because price action is the essence of trading. But it takes time and practice. Not for ‘rich by next month’ types.
Yes. But a trader with real money on the table need more than that.
luminousneo:
Nice to know that someone is interested to know more… I’m waiting for this question for so long…hehehe
I admit to decide where to go is the most difficult part…its easier to see when u trade with the trend but its confusing when it reverse or when trend changes…
Here is a picture of basic deja vu wave…
In an UPTREND market we only look for BUY signal while in a DOWNTREND market we only look for a SELL signal. When trend changes I can’t think of any other method to use except of these 2 things :
UPTREND : LL followed by HL (series of HL is a sign of STRONG UPTREND)
DOWNTREND : HH followed by LH (series of HL is a sign of STRONG DOWNTREND)
Trend will most likely to change when these 2 conditions formed. That is why we need to skip the 1st wave because we can only see HL or LH on 2nd wave…
Below is a good example of how to see market. ‘N’ stands for NEW. The bBLUE background is our buy setup. The example below is a bit tricky but try to understand it n i’m looking forward for ur question.
I’m pretty sure I understand why you ask this question. I ask to skip 1st wave but sometime 1st wave move very big and u find u lost an opportunity to enter. For example in and uptrend then market drop on first wave for hundreds of pips. Per rule u cannot enter sell because it still 1st wave and no LH form yet. Its a waste. No worries. I’m sure there is LH somewhere n you will not miss opportunity to sell… WHERE? Try to look at at lower TF…5m or 15m…more to reveal…
Thank you so much. I understood your example.
Okay. Now, I am waiting. I will post a picture when I see a setup.
Happy pips for everyone!
pandras82:
possible long entry
PERFECT…mine hit SL … n price making LH…its a hint to sell…ur entry just revealed one important point…the most difficult part is when trend is likely to change…but no worries…this is part of the game…
I set TP on the spinning top close.
Lumi, please look at this and I am look forward to hearing your opinion.
I discovered something else…will post later
Last setup for this day. Lets see how it works.
Happy pips
off to bed
What u mean by the “last move of the bulls” ?? Its downtrend since 17th August…so u should look for SELL only…there is no sign for BUY yet…coz still no HL… that was a very easy setup …n should have 2 SELL setup hit TP already…
