yes! we can do what they say you cant do............................. CLEAR YOUR CHARTS DUMP ALL YOUR INDICATORS..................................AS WE MOVE ON WILL TALK ABOUT , TYPES OF ENTRIES THAT I PUT MY MONEY ON.......................................................THIS WILL INCLUDE IF NOT ALREADY COVERED:
1 UNDERSTANDING THE MARKET SO YOU KNOW WHAT YOUR GETTING INTO
2 HOW TO TRADE THE NEWS - DONT DO WHAT YOU BEEN TAUGHT ITS NONSENCE…I WILL SHOW YOU COMPLETLY AGAINST THE 90% WHAT THERE DOING HEHE YOU WILL LOVE IT…SEE TO ME THE NEWS IS LATE, IM ALREADY POSITIONED…I SHOW YOU HOW
3 SQUEEZE BLC AND BSC
4 KAMAKAZY =(SUSHI ALL WEEK)
5 BULLISH LONG CONFIRMATION =BLC (BEARS taken to the Cleaners)
6 BEARISH SHORT CONFIRMATION = BSC
7 SMA PROJECTIONS
8 PRICE PROJECTIONS
9 COMBINING FIBONACCI
10 DIVERGENCE
11 CANDLES TO TAKE NOTICE OF
12 CHART PATTERNS THAT SUCK IF YOUR A BEAR IN A BEAR MARKET. AND VISA VERSA
13 HOW TO START TRADING WITH MINIS AND BUILDING UP THE CONFIDENCE TO TRADE A HALF LOT ON TOP OF 1 LOT AND SO ON AND SO ON
14 MAKING A TRADING PLAN
15 - THINGS YOU HAVE TO DO EVERYDAY BEFORE YOU TRADE LIVE WITH D REAL CASH
THINGS LIKE SCANNING, NEWS AND MORE
The first short entry criteria I get…sorta…break of the low (where your green SL is), then you wait for a breakout candle to close below the 20 and enter the next candle (where your red down arrow is)? Is your entry at the top of the wick (when it pulls back to the 20), or at the open? Do you use pending orders or only market orders? And the criteria SL is just above the 20?
Now the 2nd long entry apparently is not a continuation of entry 1?..just showing another possible squeeze play?..which I don’t get at all…lol…except that it’s between the 20 and 200.
SL is on the other side of the SMA as a rule or at the bottom of the candle that you just bought depending on your play.
Buying Candles - lets say the 20 SMA is showing Bullish long Confirmation in a SQ. and a few candles to the left are within the SMA supporting the BLC SQ. However the candle being formed as you watch the chart is coming down Bearish Red and pokes a tail outside the 20 to the downside , Im buying long for a short 20 pip trade and expecting another similar pullback. Becasue that bearish candle is actually a very Bullish signal in the short term. (In the short term) thats Why I went long on the Big Red Candle (Well its Blue on the Chart) and bagged another 20 Pips. There were two SQ plays SQ 1 Short and now we are into SQ 2 as the market ALWAYS CHANGES. I put it on a chart demo chart live pulled it from the market now…IF YOU LOOK AT WHATS HAPANING AT THIS MOMENT IT IS NOT TRADERBLE LATER YES NOW …3 OUTSIDE UP MAYBE A WEDGE SIGNALING A POSIBLE DOWN TREND WILL TAKE SHAPE. ONE MORE CANDLE THEN THE MARKET WILL SHOW ITS DECISION, NOW ITS ALL ABOUT THE OPEN OF THE NEXT CANDLE,
Remember this story about the truck overloaded with buyers and its gotta keep coming back to dump some of so it can move up the hill. So we forcast the asian foorprints overnight when the potential buyers are asleep? Well lets see how that played out…been a bull since its mental play out. And the truck has finshed dumping of the last lot of buyers…weekend market correction coming into play I repeat market correction over the weekend.[attach=config]32756 the last yellow box is a BLC Confirmation , The market has waited to move up at market close, a correction is in play, Bulls rule Dude! However theres just to many on CAD and they are overloading that truck, [/attach] …
Ok, so to understand, the 1st short squeeze play towards the 200 is hoping for a big run to continue the downward move past the 200 and become a new trend?
The 2nd squeeze play is when price has passed over the 200, and is a shorter term play of a pullback to the 200, but it could turn into a longer term play if price decides to bounce and resume the prior trend, or it could continue the 1st SQ play, hence why it is a shorter term play?
So you could possibly have both trades in play at the same time?..(unless one’s broker doesn’t allow it.)
Yes on all apart from one. You would not have played both at the same time…Look at the chart SQ1 is a 120 pip+ pay out SQ2 70 pips. If SQ1 did not pullback in the short term then SQ2 would not have formed. So SQ1 was potentially a 1000 +pip trade, but it gave you 120 + pips as the market sentiment 200 zone could not make its mind up. Most I did ever on a SQ short is 1400 pips on USD MXN with no stop at the 200 pushed right through ran for 3 weeks trading below the 200. When price ignores the 200 thats the runner of all runners…Meaning the market wants to sneak through without giving potential sellers time to get onboard. Some central bank type crazy amounts of money does that.
when we get to fibos its nothing like the use of fibs anywhere you have ever seen…we dont even measure candles with we measure something else…like i gave a hint, a candle is a small refection of price! will get to that in time…All will unfold its easy but takes time to understand and put into practice.
And once you all mastered the 200 and 20 you should be able to trade a demo without price on the chart, just to confirm to yourself you can read them like clockwork.
I’ve used fibs a lot…gartleys, simplified elliot waves, etc so be interesting to learn a new way to apply them…but yea…don’t get too far ahead just yet…even the BC play is too far ahead still lol
i AM SURE YOUR AN EXPERT TRADER TO, JUST SEEING HOW I TRADE. THATS FINE YOUR WELCOME.
fOR THE FIBS WE ARE MEASURING THE MA INSTEAD OF THE PRICE, ITS FAR MORE RELIABLE, YOUR MAGIC NUMBERS BECOME MAGIC MORE OFTEN, EASY FOR YOU TO COMPREHEND. CANT WAIT FOR 2 POINTS ON A CANDLE. I NEED A MAGIC FIBO THAT PROJECTS THE NEXT HIGH AND LOW BEFORE IT IS IN PLAY.
MAARE REALLY AMAZING WELL UNDER RATED HEHE I TAKE THE GAP ON THE 20 TO THE 200 WHEN I NEED A BAR OPEN OR CLOSE ON THE 20 ONLY TO CONNECT TO THE 200 OR VISA VERSA I ONLY NEED ONE CANDLE NO NEED FOR 2. IF THERES ONLY 1 CANDLE AND NO MORE FORMED THEN I JUST MAKE MY FIB FIB OINT STRAIGHT DOWN TO THE MA THATS IN FRESH AIR AND I KNOW THE NEXT LOW AND THE NEXT HIGH WAY BEFORE THE MARKET.
Oh no, I’m far from being an expert trader or I wouldn’t be here…lol…but thanks for thinking so. I’m thinking if something doesn’t click soon, I may just admit defeat which would be a very sad day, so I appreciate the time and effort you are putting in here…so far so good …and yes thanks
Cool…I like that. I wish I had all weekend to back test and practise this, but I don’t…I have a few social engagments I’m committed to. Next week I would like to just focus on what has been covered so far (which is during the Asian session, or late London), before moving on to the other stuff on your list there…baby steps
i cant except that, because i do not accept failure…please stick with it…i was completly broke once a total failure at trading many years ago. I traded like they all said i should. I did this thread to prevent people having to go through what i did. Learning is fun. I ve been silent , watching threads not expressing an opinion but i owe it to everyone to give something back for what i have. Clear your charts if its really not working. Learn to squeeze trade . Onyl thing on sq is working out if its a forming sq in range of the magnetic pool of the 200 sma. When price is far from the 200 sma it becomes not magnetic instead becomes elastic. But elastic needs a good strech Before the snap back. That Is the opposite to magnetic. Its comprehending the market is the foundation of trading. Master that then the battle is half won.
For Example: Check out cad H&O forming as pre mentioned. Check out eur usd 3 outside up forming as prementioned now its complete and as stated eur usd is now bearish…so we are reading the markets in advance. We get it wrong but not so wrong our sl was not pre-set. Worstcase loose 4 pips as my program has tight stops and sure entries.
Remember what Jesse said about price? Dont get caught up in every tick of the ticker. Dont buy the lowest low or High as it just may not be that…Magnets and Elastic are reliable and have been used for centuries…stick with it.
All we are doin is trading as they did centuries ago without the bling of this century…example moving averages have stood the test of time for centuries, from trading on the silk road to trading the stock market in the early part of the 19th century. Nothings changed…Just dump the bling.
Ok if you have watched all of the vids reviewed all the charts this summary you should understand. If you do not we cant move on to trading with projections as this chart must be clear to you, there are no other traderble trades then the ones i have marked on the chart. Where there are not trades marked its high risk so do no even think to enter there. You will understand why i say there high Risk if you comprehend the chart i posted earlier about reading the market its sentiment.
