Patterns Observation.

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kiwiarian
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Re: Patterns Observation.

Postby kiwiarian » Wed Dec 21, 2022 1:11 am

Don_xyZ wrote:
kiwiarian wrote:
Don_xyZ wrote: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 :D

OK thanks (I miss a lot of things :) ) , bias is one of the areas I need to work on, I was focusing on mainly candles below the 1 hour so will put the hourly candle at the top of the mast next to the wind vane to give me an overall direction. My 15 min chart will be thrown overboard, without a life jacket.

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Don_xyZ
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Re: Patterns Observation.

Postby Don_xyZ » Wed Dec 21, 2022 1:32 am

kiwiarian wrote:
Don_xyZ wrote:
kiwiarian wrote: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 :D

OK thanks (I miss a lot of things :) ) , bias is one of the areas I need to work on, I was focusing on mainly candles below the 1 hour so will put the hourly candle at the top of the mast next to the wind vane to give me an overall direction. My 15 min chart will be thrown overboard, without a life jacket.


The point of quick bias is there is no confusion. When it's red, you look to short and vice versa. This also will train the decisiveness when taking trades off M1 or when you scalp a live/incomplete candle.

Look at the charts below, some of them are straight away profitable, others will wick to one side and rush to the other and the remaining, not so beautiful.

quick bias.png
quick bias.png (170.32 KiB) Viewed 1629 times


quick bias 2.png
quick bias 2.png (248.2 KiB) Viewed 1629 times


Again, this is just one of the ways to get a bias. A quick one on that. You must work on the entry and trade grading. For example, when, during the red, must you enter short? Immediately after M1 closed red? After a candlestick pattern formed? Midway retracement? After retracement? S/D? FVG? S/R? And then, when must you exit the trade? After the first sign of trouble? After xR? After an opposite pattern form? After the bias candle is finished?
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Re: Patterns Observation.

Postby Don_xyZ » Fri Dec 23, 2022 1:50 am

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Have a great joy this Christmas folks!
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Re: Patterns Observation.

Postby Don_xyZ » Fri Dec 23, 2022 1:17 pm

Another one to think about.

Another Christmas gift.png
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How will you do this one? :D
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Re: Patterns Observation.

Postby Yirbu » Fri Dec 23, 2022 4:48 pm

Don_xyZ wrote:Another one to think about.

Another Christmas gift.png

How will you do this one? :D


Nice one! I like those little learning presents.
I see the fractals but still I would choose not to use them in the first hour but in the second hour once direction is clear.
At the start of the third hour I might start trading long with the candle colour (double bottom+flip so I would be long before the fractal printed) but I don't know if I would do that if the trade short was still running.
When that short trade would have been closed and price dipped down for the third time I would go long but exit after that big candle or set to be and see what would happen.

(Edit: The first hour doesn't primarily go up but is green most of the time...next to trading I am also improving my English here)

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Re: Patterns Observation.

Postby Mark Mark » Tue Dec 27, 2022 7:24 pm

How to trade Ghost entry?
I am living on this forum :smt024

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Re: Patterns Observation.

Postby Mark Mark » Wed Dec 28, 2022 3:44 pm

Don XYZ thread looks like expensive scalping course. it's a pleasure to browse and read
I am living on this forum :smt024

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Re: Patterns Observation.

Postby Don_xyZ » Sun Jan 08, 2023 9:15 am

Mark Mark wrote:How to trade Ghost entry?


Hi,

Sorry I haven't really put the details for the Ghost Entry in one place. However, I already put all info about it (though scattered).
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Patterns Observation
post148989#p148989

BONZ
post151670#p151670

MENTAL FORTIFICATION
post168148#p168148

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Re: Patterns Observation.

Postby Mark Mark » Sun Jan 08, 2023 11:37 am

Don_xyZ wrote:
Mark Mark wrote:How to trade Ghost entry?


Hi,

Sorry I haven't really put the details for the Ghost Entry in one place. However, I already put all info about it (though scattered).

I will read your thread over and over again
I need to be attentive and I will get it
I am living on this forum :smt024

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Re: Patterns Observation.

Postby Don_xyZ » Tue Jan 10, 2023 5:33 am

The Ghost from UK. Ghost Entry 2023.png
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The Ghost from the depth. Ghost Entry 2023.png
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The American Ghost. Ghost Entry 2023.png
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GhostHunterInternational-Logo-1920x1080.jpg
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Patterns Observation
post148989#p148989

BONZ
post151670#p151670

MENTAL FORTIFICATION
post168148#p168148

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