Patterns Observation.

[Yirbu]

In the mean time I was trading this one.

I tried to add at the last turn on the chart but got killed.
Tried it again and price went my way but came back again.
Must admit that the H1 doesn't look very good to stay short but I have nothing to loose only to gain.
(Already got ~~X17 or so on this one )

Snatchedthesepips.jpg (233.66 KiB) Viewed 1029 times

Taking all these pips

Takingitall.jpeg (38.16 KiB) Viewed 1029 times

[IgazI]

Very nice trade, Yirbu!

It is easier to just add size before the next trade. . .
less of a chance to shoot yourself in the foot.

[kiwiarian]

Ok, time for some (early) Christmas gifts.

Here are the tails and those are the beasts. You design how to catch 'em (still updating your WIL, right?)

the tail and the beast.png

Very good example thanks, I remember a while ago setting up Tro's HL5 to show me the open to give me a line in the sand for a period but the 1hr candle overlay is more visual.

[kiwiarian]

Bias. This is important. If you get it right, you will make money.

Traders take their bias from many different market move. This is a bearish bias:



The only difference between them is the size. The bigger bias is meant to cover a lot of pips the smallest is meant for quick pips. Then again, the smallest can also be used to make a lot of pips. This is where you dance and ride the wave.

With bias, is it based on the same time frame for you? A lot of examples I have seen from people is using a trend, and the pattern confirms the entry in that direction.

[prochargedmopar]

Ok, time for some (early) Christmas gifts.

Here are the tails and those are the beasts. You design how to catch 'em (still updating your WIL, right?)

the tail and the beast.png

Always some smarty pants wanting to refer back to HTF's.

[prochargedmopar]

Ok, time for some (early) Christmas gifts.

Here are the tails and those are the beasts. You design how to catch 'em (still updating your WIL, right?)

the tail and the beast.png

Ahhhhhh...now I see. Wow...this is nice.
This feels like Christmas
thx!

(Yes, still updating my WIL )

Immediately tried it (so it sticks better in my head).
First short (yes, I did see that level) and price came back.
Exited and reversed to catch just shy of x6. Price was slowing down and the hourly range was already exceeded so I was ok.

tails.png

btw: Also a big thank you for updating your first page.
It helps when re-reading posts and I see/understand new things every time I re-read posts.

Now that you're able to see this

post158822#p158822

You'll be able to see this one as well.


post158807#p158807

And then you'll see more ways to exploit the market. A pro trader knows a lot of things but it's still nowhere near everything. Taking bias like this is one of the simplest ways and it can be expanded into many different branches. Whenever the price move beyond the open price, you can be sure there is "something" moving it. We don't always know what that something is, but at least everyone can see it moving away from the starting point. This is why taking more bias will strengthen your confidence. If you time it right, you can have multiple biases backing your trade's direction. It's a very simple concept but it's worth a lot of money

So then, what if you get bias clash? Now, this is what you must solve. Another good update for the WIL?!

With this, you will never lack a trading opportunity during the day. It's a matter of picking the right one (trade grading).

edit: your bias must be big enough otherwise it's just a price lag.

ICT uses a glance at Weekly.
Then Power of Three on the Daily chart.
Bill Williams philosophy. Above/below open.

Candle overlay and trading the HTF wicks/tails is the same.

"wick in direction of loss". MO

[Don_xyZ]

In the mean time I was trading this one.

I tried to add at the last turn on the chart but got killed.
Tried it again and price went my way but came back again.
Must admit that the H1 doesn't look very good to stay short but I have nothing to loose only to gain.
(Already got ~~X17 or so on this one )


Snatchedthesepips.jpg

Taking all these pips

Takingitall.jpeg

When you see it, you can't unsee it. Pro seems to love this quote

[Don_xyZ]

Bias. This is important. If you get it right, you will make money.

Traders take their bias from many different market move. This is a bearish bias:



The only difference between them is the size. The bigger bias is meant to cover a lot of pips the smallest is meant for quick pips. Then again, the smallest can also be used to make a lot of pips. This is where you dance and ride the wave.

With bias, is it based on the same time frame for you? A lot of examples I have seen from people is using a trend, and the pattern confirms the entry in that direction.

Maybe you missed my previous post.

edit: your bias must be big enough otherwise it's just a price lag.

If your entry is M1 then your bias must be bigger than M1 so it could be H1, H4, D1. I don't recommend using anything smaller or bigger than those tfs. edit: M3 or M5 bias is just a price lag because it's only printing the candle 3x 5x slower (you get the point) but starting from H1, now we have power in the number because a lot of traders are using H1 no matter what their trading strategy is. Any trend or pattern that you see will continue or reverse from the vantage point of the bias tf. You can also combine pattern and this bias tactic coz this is just one of the ways to get a quick bias. How you enter the trade or what trigger you use is up to you. You can play this in unlimited ways, you can even anchor your trade if you get the timing right. I gave a lot of ideas in this thread and you can use any of them

[Don_xyZ]

Ok, time for some (early) Christmas gifts.

Here are the tails and those are the beasts. You design how to catch 'em (still updating your WIL, right?)

the tail and the beast.png

Always some smarty pants wanting to refer back to HTF's.

I always use HTF, just don't mention it every time I post. In my trade grading, HTF is always a factor. With 1R trades though, iindeed t's a bit of a loose pants

[Don_xyZ]

Ahhhhhh...now I see. Wow...this is nice.
This feels like Christmas
thx!

(Yes, still updating my WIL )

Immediately tried it (so it sticks better in my head).
First short (yes, I did see that level) and price came back.
Exited and reversed to catch just shy of x6. Price was slowing down and the hourly range was already exceeded so I was ok.

tails.png

btw: Also a big thank you for updating your first page.
It helps when re-reading posts and I see/understand new things every time I re-read posts.

Now that you're able to see this

post158822#p158822

You'll be able to see this one as well.


post158807#p158807

And then you'll see more ways to exploit the market. A pro trader knows a lot of things but it's still nowhere near everything. Taking bias like this is one of the simplest ways and it can be expanded into many different branches. Whenever the price move beyond the open price, you can be sure there is "something" moving it. We don't always know what that something is, but at least everyone can see it moving away from the starting point. This is why taking more bias will strengthen your confidence. If you time it right, you can have multiple biases backing your trade's direction. It's a very simple concept but it's worth a lot of money

So then, what if you get bias clash? Now, this is what you must solve. Another good update for the WIL?!

With this, you will never lack a trading opportunity during the day. It's a matter of picking the right one (trade grading).

edit: your bias must be big enough otherwise it's just a price lag.

ICT uses a glance at Weekly.
Then Power of Three on the Daily chart.
Bill Williams philosophy. Above/below open.

Candle overlay and trading the HTF wicks/tails is the same.

"wick in direction of loss". MO

Yes, for my Anchor trades it's H1 and Daily tf as the backbone