wait when looking at ranging is not just very similar to CRT?
The problem with nerd like me, we are not good to socialize with people. As introvert, I communicate better with animal rather than human. I’m not good with gaming. For recreation, I prefers reading or meditation. During holiday, most of time I go to a secluded place, meditation for days. <
I am alike you, i am introverted too. I like to spend majority of my time without human interaction. if i am to interact with people preferably a smaller group of people is better. People question me and say im missing out but really i find it fun to be alone learning new things
Hi @tomo22, Yes, indeed. After a big fall, from D1, it need LH as in PA. SMC also tells the stronger high is too far away. But a correction will need to form. This is what we are waiting for. Remember in PA after a drop, there will be base. Next either Rally or Drop again. So, it’s our skill to predict next movement. Prediction doesn’t mean have to be accurate. Risk will be taken care by our risk and money management.
Yes, you can say so, if your knowledge base is from CRT. Every single candle is a range. But don’t use weak TF for CRT.
We both are the same then . But when you make decision to make business, being introvert can have you slowdown. As long as, it doesn’t bother you, nothing needs to be worried.
Hi @peterma, thanks for the idea. Market prediction is my scheduled task. I have to share my analysis, trading plan and execution procedure. Every one then discussing it to have a better market view.
Hi @TYGMedia, what do you mean by “we are waiting for a correction” ?, Im unfamiliar with this term is this the same as retest?.
Also in terms of SMC what do you mean the stronger high is too far away? Please elaborate on this if you can
Yes I’m almost envisioning it in my head
CRT follows AMD correct
We can say that when market is trending that may be accumulation/distribution
Howevever when we are during ranging sometimes we can get periods of manipulation which then follows a RBD or a RBR
Hi @tomo22, Correction means a pullback. It’s also a mechanism to balance the price to its equilibrium.
I’m not really agree applying AMD in forex, since mostly traded two ways. It’s easier to be used in commodity, metal and stock market. You can compare how to define AMD in US30 vs EURUSD.
Trades: BTCUSD Week End
Trading is very boring, in particular during weekend. Since nothing is better to do, I will try to be productive by open a position while coding a new trading system.
You are welcome to join the live party here.
Nice setup 3 candle pattern swallowed at least half way 4 red candle pattern with. Green pattern reversal pattern - nice work the only problem to worry about is the three candle pattern hasn’t been completely swallowed , but she should drop good luck
Just checked looks like she went up because three candle pattern not swallowed yeah
Yeah so she needed to come down to 65200 first to swallow those three yeah , almost
Trade: BTC Result
A lost is a lost. Nothing to do, I will find next setup.
Hi, @TYGMedia
What are your thoughts on market for EUR/USD currently?
I am feeling sells are coming to an end and market is becoming exhausted.
Referencing SMC looks like liquidity is being formed. Market also is at a previous level were liquidity was grabbed on 15 min.
Market seems to be ranging lets see what happens if Drop or rally occurs.
I am feeling a long here lets see what happens first
Hi @tomo22, when we are looking at Higher TF, we are still clouded by downtrend. So, the idea to short is still relevant. But, we need to observe current support. We need PA to show HH, HL.
If we play lower TF, such M15, we can see liquidity is being tested. We can do scalping with high RR. It’s also good opportunity to start averaging. The question is, will M15 analysis enough? No, look at H1, we need HH and HL to confirm reversal. So, if we want to follow M15, it have to be fast, Safer when H1 has second resistance break.
After all, everything is based on our money management.
Note: Position I put, due to diff strategy., different perspective. The analysis above is a conservative approach.
Hi, @TYGMedia
hmm interesting yes i had a position opened but closed with profit. I wasn’t too comfortable with the position and i think i didn’t really think about the overall market condition.
I will pay attention for HH and HL
What do you do when you are waiting for makret to form? Look at other CFD?
Also how do you apply market dynamic in trading. i understand how this would be done when FA is realsed however, how would this play in TA
Hi @tomo22, while waiting market to form … I will do research and backtesting.
Example of my work
To understand market dynamic, you have to observe swing high/low. Look how it move in last 5-10 years. Try to follow it. It’s about RBR, RBD, DBD, DBR. But you have to understand the volatility and momentum. From here you will have understand market dynamic. Look at the ranging.
Actually BabyPips’ course has mentioned it. When you dig it more, it will help you to understand more about market dynamic.
@TYGMedia, wow haha i wish i could read and understand that code.
what is that code for? automated trading?
Thank for this advice. And thank you for always helping me .
Current situation for EUR/USD
Potnetially HL may be formed leading to HH lets see if a reversal occurs and breaks Structure
Hi @tomo22, yup it’s for trading automation. I’m trying to optimize my grid system and researching new trading methodology. Coding skill is really helpful in trading. It will speed up learning progress.
how do i learn about automated trading?
like what programs are there? and where can i learn about it?
Hi @tomo22, You have to learn programming.
I’m using MQL5, Java and Python. Form MQL5 you can goto