Simple as 1-2-3

forex live trades, setups, charts

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PTG
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Postby PTG » Tue Sep 24, 2013 3:26 pm

Can use LVA's as horizontal lines: http://screencast.com/t/vYA8XVhDJ5

Direction to trade is usually from VAL to VAH or VAH to VAL. Mix in some common sense, like market structure, 1-2-3, time of day.
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Postby PTG » Tue Sep 24, 2013 3:42 pm

So then, what's up with Forex ? http://screencast.com/t/DfJXN9j7s

Thin red lines are (some) low volume areas. Time frame = 4 hours. The idea is that price is more likely than not going to travel back to VAL. In this case it provides a likely direction to look for -say- 1-2-3 setups on lower TF's ;-)

Drawing the profiles is discretionary, but if you know what a consolidation looks like or would look like beforehand (= you need at least 2 points and price going back to point 1) then it becomes easy.
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Postby PTG » Tue Sep 24, 2013 3:53 pm

Zoom in on an hourly chart: http://screencast.com/t/7wrwJR9S

Makes total sense to me. Needless to say you still need to trade what you see, and not what you think.
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Postby dojirock » Tue Sep 24, 2013 4:30 pm

Interesting...dont get it yet..but trying.... :)
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Postby PTG » Tue Sep 24, 2013 5:29 pm

dojirock wrote:Interesting...dont get it yet..but trying.... :)


It is based on Auction Market Theory principles.

Where price spends a lot of time ("sideways") markets are in equilibrium. And because they are, participants can do business. That is a relatively stable situation

Where price doesn't spend a lot of time ("trend") markets are one-sided: more buyers than sellers v.v.

If you understand one, then you understand the other. What is, and what is not.

Search for a sideways market on a longer timeframe: price goes back and forth between highs and lows.

The going back and forth in itself is a "trend" on a lower timeframe.

Trend traders are also (back-into-)value traders (= equilibrium) without perhaps even realising it. Vice versa for value traders. If you know one, you know the other.

For some, this is probably irrelevant. There is no right or wrong, just consitently profitable or not.

In a trend you get 1-2-3's and hooks or whatever other name you give them. If you see momo, then you may witness the end of equilibrium and the beginning of a trend.

At the end of the day, you'd want to know if there is enough profit potential. That's where the distance between VAL and VAH can be helpful. Some would have a proxy for that with opens or closes of H1 / H4 / D1 candles or whatnot. It's all more of the same really. Price usually (as in more often than not) starts / ends at low volume areas.

I also find it useful to know a probable direction (or lack thereof !) in a certain context in an attempt to maximise profits and minimise the cost of doing business.
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Postby PTG » Tue Sep 24, 2013 8:37 pm

Here is the current scrrenshot of the NQ: http://screencast.com/t/usxnyxjkS

The arrows are standard MACD zero crossovers.

Sell and buy zones are drawn outside of the value area (blue)

One could use the arrows + market structure to enter in the direction of the opposite value area. And/or use 1-2-3 to do the same. NQ seems to be a bit of a wild animal right now so some sort of confirmation would be good I suppose.

Notice the 1-2-3 and Hook opportunities all the way down.

Can you SEE it ? 8) :lol:
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Postby PTG » Tue Sep 24, 2013 9:35 pm

Idea for the Dow: http://screencast.com/t/KyGOk8fJut

VAH to VAL

That's the way it seems to work more often than not.
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Postby PTG » Tue Sep 24, 2013 9:53 pm

Dow on smaller time frame (M30); http://screencast.com/t/W3le5OnoW

You don't need all that profiling stuff to come up with that if you don't want to... LOL

The more I know, the more I know that I can do with less knowledge. Or should I say could have done..

Dragon once said "you think too much". He was right. There is nothing to think. There is just the now and acting in the now. And everything can change in the blink of an eye. So then what do you do ? Expect the market to adhere to your expectations ?

Just rambling a bit ;-) Stop me while you still can LOLOL
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Postby Captain Pugwash » Wed Sep 25, 2013 7:37 am

PTG wrote: There is just the now and acting in the now. And everything can change in the blink of an eye. So then what do you do ? Expect the market to adhere to your expectations ?



Certain phrases resonate - and those have with me
"MOJO 1)Self-confidence, Self-assuredness. As in basis for belief in ones self in a situation. Esp/In context of contest or display of skill such as going into battle. 2)Ability to bounce back from a debilitating trauma and negative attitude YEH BABY

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Postby dchappy » Wed Sep 25, 2013 2:16 pm

1st tgt around 215......

Good stuff PTG :smt023

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