Patterns Observation.

[Yirbu]

Out of the 3 common breakoits method I posted, #2 is the most favorited by a lot of BO traders because it’s based on the most recent retracement. It can do this….

EB1D8C62-A1E3-4389-8E8E-F50FD7F482AB.png

Very nice trade.
Did you sit through the pullback of the high of the channel?
And if yes, why did you think it would break?

[Don_xyZ]

Out of the 3 common breakoits method I posted, #2 is the most favorited by a lot of BO traders because it’s based on the most recent retracement. It can do this….

EB1D8C62-A1E3-4389-8E8E-F50FD7F482AB.png

Very nice trade.
Did you sit through the pullback of the high of the channel?
And if yes, why did you think it would break?

No. I did another ghost trade right off the top but it’s a hedge against the long position. The reason for the hedge is the shifting gear from the market. It’s getting faster and bigger to the bullish side. See H1. Also, in D1, I initially thought the bearish move is gonna be over soon and a bullish move will set the reversal in motion. Put both anchor trades to BE after the bearish ghost trade move well below and it’s all set and I just need to focus on the scalp up down up down off the barrier to the barrier and so on.

Luck is always on the side of those who are ready and I was more than ready.

Now chart…

2F9E04A5-BD48-4A99-867F-67667A0D19EB.png (178.25 KiB) Viewed 1465 times

[Don_xyZ]

Ghost entry's blast from the past.
More examples of it.

When the candle is green, we enter short.
When the candle is red, we enter long.

EURUSDM5 ghost entry 2.png (64.49 KiB) Viewed 1426 times

EURUSDM5 ghost entry 3.png (51.26 KiB) Viewed 1426 times

EURUSDM5 ghost entry 4.png (71.54 KiB) Viewed 1426 times

EURUSDM5 ghost entry 5.png (49.54 KiB) Viewed 1426 times

This is the ultimate Ghost Entry. Why? You get to decide how much you want to put as SL because there is really no wick to hold the SL. This is even crazier than Sub 1 pip trade. See the long position on the chart above. This is the next evolution of my anchor trade technique.

[Don_xyZ]

It's a ghost. It's everywhere.

US30.cashM5 ghost entry.png (48.76 KiB) Viewed 1422 times

US30.cashM5 ghost entry 2.png (69.37 KiB) Viewed 1422 times

US30.cashM5 ghost entry 3.png (73.57 KiB) Viewed 1422 times

US30.cashM5 ghost entry 4.png (55.61 KiB) Viewed 1422 times

Some are pure ghost entries but others are combos (long on green, short on red).

[Yirbu]

Ghost entry's blast from the past.
More examples of it.

When the candle is green, we enter short.
When the candle is red, we enter long.

EURUSDM5 ghost entry 2.png

EURUSDM5 ghost entry 3.png

EURUSDM5 ghost entry 4.png

EURUSDM5 ghost entry 5.png

This is the ultimate Ghost Entry. Why? You get to decide how much you want to put as SL because there is really no wick to hold the SL. This is even crazier than Sub 1 pip trade. See the long position on the chart above. This is the next evolution of my anchor trade technique.

Interesting...but if you look at entry 2;
There would be a reason to go long, but why that candle and not the candle before...or the one before that?
Is it because that spot would coincide with a pattern or so?

[Yirbu]

...it is a really cool name for an entry,

[Don_xyZ]

Ghost entry's blast from the past.
More examples of it.

When the candle is green, we enter short.
When the candle is red, we enter long.

EURUSDM5 ghost entry 2.png

EURUSDM5 ghost entry 3.png

EURUSDM5 ghost entry 4.png

EURUSDM5 ghost entry 5.png

This is the ultimate Ghost Entry. Why? You get to decide how much you want to put as SL because there is really no wick to hold the SL. This is even crazier than Sub 1 pip trade. See the long position on the chart above. This is the next evolution of my anchor trade technique.

Interesting...but if you look at entry 2;
There would be a reason to go long, but why that candle and not the candle before...or the one before that?
Is it because that spot would coincide with a pattern or so?

It is, but it's not. That's why it's a ghost. There are those who can see ghosts but 99.99% of the people can't see them. It's a different realm lolz

[prochargedmopar]

Ghost entry's blast from the past.
More examples of it.

When the candle is green, we enter short.
When the candle is red, we enter long.

EURUSDM5 ghost entry 2.png

EURUSDM5 ghost entry 3.png

EURUSDM5 ghost entry 4.png

EURUSDM5 ghost entry 5.png

This is the ultimate Ghost Entry. Why? You get to decide how much you want to put as SL because there is really no wick to hold the SL. This is even crazier than Sub 1 pip trade. See the long position on the chart above. This is the next evolution of my anchor trade technique.

Interesting...but if you look at entry 2;
There would be a reason to go long, but why that candle and not the candle before...or the one before that?
Is it because that spot would coincide with a pattern or so?

It is, but it's not. That's why it's a ghost. There are those who can see ghosts but 99.99% of the people can't see them. It's a different realm lolz

Just like; "Wick in direction of loss" MightyOne

[Don_xyZ]

Interesting...but if you look at entry 2;
There would be a reason to go long, but why that candle and not the candle before...or the one before that?
Is it because that spot would coincide with a pattern or so?

It is, but it's not. That's why it's a ghost. There are those who can see ghosts but 99.99% of the people can't see them. It's a different realm lolz

Just like; "Wick in direction of loss" MightyOne

Well, no. Not exactly.

In some cases it is the same because wick in direction of loss is price coming to a zone and then trade in the direction of profit and then continue with body in direction of profit. However, there are also cases where the trigger is going against all of them. Check this post for case in point:

post154314#p154314

Imagine you're seeing Pic #2, 3 and 4 on 1 min tf where there is just too much zone to the left of the chart.
If that's the case, you don't know which zone to rely on. Of course, you can go with bigger tf to get a more valid zone but I'm not doing tf switching to attempt this. It's purely based on 1 tf for analysis, trigger discovery and for entry.

EURUSDM1 which zone.png (62.31 KiB) Viewed 1228 times

Trigger is the red bar before the arrow, enter at the open of the next bar (the green) and did you see how far the price shoot up after that?

That chart is on M1, there's no way you can go down to seconds tf because it's not a viable option to trade due to fees and other things. If you go to a bigger tf you will find a more solid zone forming from that box but how will you enter the trade? At touch? At breakout of the box? At pullback? At the return after the price make a huge move up? Normally, people would enter if they see a red bullish pinbar or an inside bar or engulfing candle but that trigger is a big bearish candle and the pattern on M1 is not even finished forming. And it's not even the low of the day and it's still a handful of pips away from the low of the Asian session. That SL is only 0.6 pips wide, a sub pip trade.

The ghost entry is an entry method but it's also a way to observe the market.

So in a way it's a yes and a no.

Then again, the same chart will have different meanings depending on the eyes of the beholder so if you say yes, then it's a yes for you and that's the beauty of trading.

[Don_xyZ]

I didn't trade this stuff but it looks great. Ghost entry appeared in M1 DOW30 on Friday London session.

US30.cashM1 ghost entry.png (48.65 KiB) Viewed 1137 times

That is more than 60R in 1 trade. SL is about 5.6 or so pips. The horizontal line at the top of the U.S. session is the target TP. Right to the pips.