The ideas that I trade by:

[Mira]

The SweetSpotsGOLD method was to wait for an hourly close and then enter when price touched a horizontal line.

I wait for 2+ closes to be within close proximity to a horizontal line and then enter when price touches a horizontal line;
I may also enter when price is between two lines if I like the area.

for_you.png

Thank you MO!

I don't uderstand the numbers above the bars, what are representing?

[MightyOne]

Thank you MO!

I don't uderstand the numbers above the bars, what are representing?

Bar 1 is the most recent close around the area of interest.
Bar 2+ are the bars that were found around said area.

Next you want to ask yourself if you see price moving away/toward the price level because
these areas are supposed to be where 'patterns' form on smaller charts.

The dark blue line is a higher price level for a late entry; you can tell that it is more of a middle price
than a high or a low.

[Mira]

Bar 1 is the most recent close around the area of interest.
Bar 2+ are the bars that were found around said area.

Next you want to ask yourself if you see price moving away/toward the price level because
these areas are supposed to be where 'patterns' form on smaller charts.

The dark blue line is a higher price level for a late entry; you can tell that it is more of a middle price
than a high or a low.

Very nice!! Thank you much!

I'm figuring out your words like this:

IMG_0369.JPG (82.42 KiB) Viewed 3084 times

[tom7ak]

...
Thank you Mo,

Seems to be so simple and easy when you write about it. I must be over complicated things far to much and focus on wrong things. One good day followed by two bad ones:( Winning and then giving it all or more back to Pros

Thanks anyway


Your lines are well spaced & your risk is only 2 or 3 lines, so nothing wrong there.

Draw a line [in the vicinity of] 2 or more closing prices, in a narrow price range, and either trade away from
it from the marked chart or from a smaller chart.

As a general rule, you only draw lines that support your idea; you never build walls in front of your trade.

for_tom7ak.png

[MightyOne]

Very nice!! Thank you much!

I'm figuring out your words like this:

IMG_0369.JPG

That's true,
now start combining it with the other things that you have learned.

You don't have to get it perfect, you just need an idea of where price went and where it returned;
with more skill, you will use this information to accumulate a large position size before the large chart moves.

for_Mira.png (278.12 KiB) Viewed 3124 times

[Mira]

Very nice!! Thank you much!

I'm figuring out your words like this:

IMG_0369.JPG

That's true,
now start combining it with the other things that you have learned.

You don't have to get it perfect, you just need an idea of where price went and where it returned;
with more skill, you will use this information to accumulate a large position size before the large chart moves.

for_Mira.png

Ahhhh!

I got it, MAYBE.
Price move between small patterns, but then it must leave the zone with a bigger breakout.
The idea is that I should increase my lot size trading from pattern to pattern, so that I will be surely in during the big move.

Is it correct?
Thank you MO!

[Brzoza]

Updated chart

IMG_0366.PNG

Mira, could you put some chart how do you see it?
What is these yellow lines? How it was drawed?

Hi Brzoza!

What I'm showing you in the charts below is what Doji told us a month ago on his thread.

1) Define momentum as a bar closing over the previous extreme
2) Create a zone taking a momentum eating up momentum [(i.e. a close above the previous extreme and a close below the previous extreme) personal note: now you could have a bias, that is different by a trigger)



3) Keep your eyes on the zone and just look at what price is doing, it enters the zone and break? Trade in that direction.

IMG_0361.PNG

Keep it simple, because it IS simple! Don't build up rules that don't exist, because the brain is weak and sometimes he doesn't want to accept the truth.

----------

That yellow lines are from MO and, since I was blind, I have to re-read everything before I can say you how I see them.

Btw is the same thing.

1) Put on EIGHTS indicator and a Bar Chart
2) Look for 2 or more closes in a small area (1/2/3 lines?), this is your zone.
3) Keep your eyes on the zone and just look at what price is doing, it enters the zone and break? Trade in that direction.

(From MightyOne)

IMG_0363.PNG

Mira, how about this picture... I added zones (orange lines)... why did you omit these lines?

IMG_0366.PNG (38.19 KiB) Viewed 3173 times

[Mira]

Updated chart

IMG_0366.PNG

Hi Brzoza!

What I'm showing you in the charts below is what Doji told us a month ago on his thread.

1) Define momentum as a bar closing over the previous extreme
2) Create a zone taking a momentum eating up momentum [(i.e. a close above the previous extreme and a close below the previous extreme) personal note: now you could have a bias, that is different by a trigger)



3) Keep your eyes on the zone and just look at what price is doing, it enters the zone and break? Trade in that direction.

IMG_0361.PNG

Keep it simple, because it IS simple! Don't build up rules that don't exist, because the brain is weak and sometimes he doesn't want to accept the truth.

----------

That yellow lines are from MO and, since I was blind, I have to re-read everything before I can say you how I see them.

Btw is the same thing.

1) Put on EIGHTS indicator and a Bar Chart
2) Look for 2 or more closes in a small area (1/2/3 lines?), this is your zone.
3) Keep your eyes on the zone and just look at what price is doing, it enters the zone and break? Trade in that direction.

(From MightyOne)

IMG_0363.PNG

Mira, how about this picture... I added zones (orange lines)... why did you omit these lines?IMG_0366.PNG

It was just an example, there are many others in that chart.
I was looking for a long because I noticed that strong bullish breakout on the left.

[tom7ak]

I am an addict. No doubts about it. Your wisdom and kindness in sharing it will either make a trader out of me or it`ll put me on the streets. One of the two. Extremes, no middle ground here.


If i understand correctly the lines (HTF closes) are areas of interest ie somewhere where you would like to initiate your trade and later possibly `add` to it in the same direction. Ideally it wants to be on the HTF extreme. I assume your ideas are from even greater TF than your lines. Is that so? On your D1 chart would you still play this line marking the top if price returned to it now?

If i played H4 and D1 lines, what entries/TF would you recommend. I tried 5 min. It was tiring and time consuming, in and out in and out. However good practice getting out at BE when closed against me. Do you think there is a big advantage using 5/15 min for more precise entries? I was looking at getting in at eg H1 or even H4, but not sure if on limit or closes. Any advice?

Thank you

[Mira]

"Thanks for answering." -Neo88

Same thing we do every night Pinky, try to perma-short gold.