The idea's we trade by, so we never lose again. p2. The students become the masters

[prochargedmopar]

Look how the EA found support at the energy point on the 1hr (the circle where opposing ML's meet) and then you could have used an oldie but a good of non momo bar (1st red arrow), momo (2nd red arrow), wick in direction of loss (3rd red arrow).

There is still an beautiful looking 4hr momo bar that price could retrace to. We are at what I would say is pretty strong momentum and it is the Asia session on a Friday. So who knows what the big boys are doing. I would take what I can and still leave a portion on and look for possible re-enters after it has clear broken and closed beyond resistance or look for a pull back to potential buy area's.

Man, your on a roll.
Very clear and simple trading you are doing.
Keep killin it.

[PhilipLangford]

If you trade GU please tell me how you did not trade this beautiful 123 setup. We were at a monthly zline! (redline). It gave you a perfect TTE. It gave you two different chances to sell the retest of the 2. A TTE of the ross hook that found resistance on the backside of the trendline. 1st support level has been taken out and the 2nd is about to be along with the middle trendline. Look for price to find support at either old resistance, a daily momo bar or the last trendline.

Also those trendlines are 13*, 26* and 52* degrees. What did MO say about price speed. Increases by 2, decreases by half. Just more confluence.

A tour de force of posts, Mr. Hyde.
You are quite right about that GU 123 setup with all that added confluence. Any trader who missed that was asleep at the wheel (I didn't catch it).
Any tips on a system of searching through pairs and TF's to catch these patterns? What's an optimal number of pairs to grind through each day (subjectively)?
Right now USDCAD's looking interesting, but the strengthening petro-dollar might send this pair even higher.
MN down to M5 charts:

[Mr. Hyde]

If you trade GU please tell me how you did not trade this beautiful 123 setup. We were at a monthly zline! (redline). It gave you a perfect TTE. It gave you two different chances to sell the retest of the 2. A TTE of the ross hook that found resistance on the backside of the trendline. 1st support level has been taken out and the 2nd is about to be along with the middle trendline. Look for price to find support at either old resistance, a daily momo bar or the last trendline.

Also those trendlines are 13*, 26* and 52* degrees. What did MO say about price speed. Increases by 2, decreases by half. Just more confluence.

A tour de force of posts, Mr. Hyde.
You are quite right about that GU 123 setup with all that added confluence. Any trader who missed that was asleep at the wheel (I didn't catch it).
Any tips on a system of searching through pairs and TF's to catch these patterns? What's an optimal number of pairs to grind through each day (subjectively)?
Right now USDCAD's looking interesting, but the strengthening petro-dollar might send this pair even higher.
MN down to M5 charts:

I just did a nice little write up on UC for another member. Yea we are at a strong resistance. But if you check the dollar index it ls in the start of possibly finally turning up and oil (WTI) looks like it might start falling. if that's so then look for UC to break out. If it wasn't Friday there is a possible 1hr chart setup developing that could offer us a nice sell.

Depends on how long you have been trading and how well you can scan charts. I have 4 main pairs that I look at all day every day, then a back up 4, that I wait for something on a 1hr or higher to show me something. Then I have some more that I just watch 4hr or higher charts. Then there is oil, gold and he dollar index.

The more charts you mark up and watch unfold the more expiernce you will get. I do this mostly on the weekends and play a game called what if. It is just playing what if price did this, or what if price did that and then I just look at possible area's were price might move to or turn at.

[Mr. Hyde]

Look how the EA found support at the energy point on the 1hr (the circle where opposing ML's meet) and then you could have used an oldie but a good of non momo bar (1st red arrow), momo (2nd red arrow), wick in direction of loss (3rd red arrow).

There is still an beautiful looking 4hr momo bar that price could retrace to. We are at what I would say is pretty strong momentum and it is the Asia session on a Friday. So who knows what the big boys are doing. I would take what I can and still leave a portion on and look for possible re-enters after it has clear broken and closed beyond resistance or look for a pull back to potential buy area's.

Man, your on a roll.
Very clear and simple trading you are doing.
Keep killin it.

Yea. On Wednesday I finally figured out the password to V8's old email. When I opened it I thought it was a joke but there was an alert saying someone posted in this thread. I thought it had to be a mistake or something. But I checked and to my surprise there were new post in here. I mean talk about weird, its almost 6 months to the day since he pasted and on that day I finally get access to his email and someone just happens to post in his thread. So I figured since I haven't been here in a while I would put up some post knowing that, that is what he would want.

The autorama is tonight. Have you ever been to it Pro. Oh my lord the cars there are insane.

How do I post a link for the indy. Its a real old one and free. Sometimes you have to take it off and reload it.

[Mr. Hyde]

My favorite setup next to the 123.

What do I always say. WAIT FOR THE PERFECT SETUP, THAT IS SO EASY EVEN A BLIND MAN CAN SEE IT. And only trade those. It was an easy 100 pip gain (got 225 with add on's). Plus EJ, GU and EA all went my way to. It was a good day/week.

[Mr. Hyde]

So I sent a quick write up on UC last night to another member. He seemed to like and thought I should do a little write up on what I see and how/why.

After I stopped laughing cuz I never thought someone would really want my advice on reading charts, I figured maybe start a new thread, dedicated to mostly price action. I don't want to do it unless other members are going to particapte and actually post charts and not just hit the like button (I hate that button, don't just like my post tell me what you like and what you think). Kreslik is so dead. I posted those post throughout yesterday hoping to get some convo going but kind of fell dead. I know everyone has there separate threads and what not so who knows. Plus I know a lot of the vets having been posting forever and forums can at times be a distractions.

But let me know what you guys think.

[Mr. Hyde]

Got say that EA looks like its in a nice uptrend on the weekly. Looking like a possible 5th wave starting and in a nice channel.

[PhilipLangford]

Got say that EA looks like its in a nice uptrend on the weekly. Looking like a possible 5th wave starting and in a nice channel.

I for one will fill my boots and bring an extra pair too.
Edit: re the new thread

[LeMercenaire]

So I sent a quick write up on UC last night to another member. He seemed to like and thought I should do a little write up on what I see and how/why.

After I stopped laughing cuz I never thought someone would really want my advice on reading charts, I figured maybe start a new thread, dedicated to mostly price action. I don't want to do it unless other members are going to particapte and actually post charts and not just hit the like button (I hate that button, don't just like my post tell me what you like and what you think). Kreslik is so dead. I posted those post throughout yesterday hoping to get some convo going but kind of fell dead. I know everyone has there separate threads and what not so who knows. Plus I know a lot of the vets having been posting forever and forums can at times be a distractions.

But let me know what you guys think.

Dayuum - I just hit the ''Like'' button as well...now I feel so conflicted

I try and post as much as I can as I do enjoy doing it but I must admit, I am always aware of not stepping on others' toes by jumping on all over the place (says he posting about all over the place on another thread).

To try and justify my post here then, I have been keeping an eye on a long-term CJ set-up as it builds. I have jumped in-an-out of it as it has been forming, getting in on retraces, bounces, all the usual suspects, as and when I am in the right place at the right time.

This is what I am looking at just now...

CADJPYWeeklyreacgingvinterestinglevel2ndMar18.png (54.22 KiB) Viewed 2327 times

Price reaching the smaller Demand Zone would seem to indicate initially that we are ready for a turn, however on the lower time-frames, that zone is made up of layers of smaller, thin, zones. These will often be blown right through, especially if the Japanese Govt start playing silly b****ers.

Going against normal practice and jumping up time-frames however, shows that we are in fact getting classic Higher Lows in all the right, expected, places...

CADJPYMonthlywayupthere2ndMar18.png (57.26 KiB) Viewed 2327 times

At the time of writing, the lower time-frames are of no help (and I'm talking more my kind of info, S&D, not so much PA) and so to me, it's still a case of ''hurry-up-and-wait''. However the way CJ moves, things can change fast. Monday could be interesting and I really don't think I'll have the whole week go by without some kind of involvement from me.

[LeMercenaire]

That last post is what I would normally post over on the Daily Forex Trading thread, as general trading. I will also use the specialised threads of HOLO and Journey of the ES for the specific style of trading (HOLO) or Pair (ES).