Tom822 » Wed Dec 16, 2015 6:24 pm wrote:
EUR/CAD - goal of my trade on this pair was 50 pips. My entry point was at the level which I marked on screenshot. I was sure that we will get 3rd level on 16th December, moreover I found an M on this level which I read as 2nd level. There were pins as well. Moreover, this M came right after the end of Asian range. Anyway, I did not reached these 50 pips because "market" went up.
Could you tell me what I missed ? Is that possible that when we trade on M15 then we should be ready for such situations that there will be no 3 days cycle but 2 days cycle ?
Hi Tom,
I am still learning but the 1 hr time frame looks very similar to the chart CJ provided us at the beginning of the thread.
Kind Regards
Kurt
One good day you will understand the meaning of that special chart my BOSS posted on the first page and when you do, your eyes will open All thanks the great one CAPTAIN :hi:
Tom822 » Wed Dec 16, 2015 7:24 pm wrote:
EUR/CAD - goal of my trade on this pair was 50 pips. My entry point was at the level which I marked on screenshot. I was sure that we will get 3rd level on 16th December, moreover I found an M on this level which I read as 2nd level. There were pins as well. Moreover, this M came right after the end of Asian range. Anyway, I did not reached these 50 pips because "market" went up.
Could you tell me what I missed ? Is that possible that when we trade on M15 then we should be ready for such situations that there will be no 3 days cycle but 2 days cycle ?
And your interpretation of this is that the "M" you traded represented the "Peak High" where it is supposed to form?
-CJ-
No, this M which I marked on previous screenshot wasn't a peak high, but I knew it. I just described my entry point on the "2nd level" before. Check my another screenshot below which includes all details.
Maybe my question is stupid, but what's the reason of taking entry on peak high or peak low if we are sure that each cycle have 3 levels ? By the way, I took entry below this peak high because I recognized this "1st level" but I closed my trade before Asian range. But after asian range I took a new entry point because I was sure that there shall be 3rd level what did not happen.
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Sympathy - question to you because I think it can be more clear for me after your last post.
I noticed that you trade on M15, so before you start your trade you always wait for these 3 pushes (of course I understand difference between 3 pushes and 3 levels), and then you are looking for an M or W (it depends from the direction) ? You do not trade during these 3 pushes, you always wait when these 3 pushes will be completed?
What do you do in a such situation where after these 3 pushes you will not find an M or W, do you leave such a trade, I mean by that, you do not take such a trade ?
So after asian range you are waiting for these signals:
1. 3 pushes
2. M or W
3. And if you recognized both of above signals then you will start your trade in accordance with "market" direction ?
Tom822 » Thu Dec 17, 2015 11:34 am wrote:
No, this M which I marked on previous screenshot wasn't a peak high, but I knew it. I just described my entry point on the "2nd level" before. Check my another screenshot below which includes all details.
Maybe my question is stupid, but what's the reason of taking entry on peak high or peak low if we are sure that each cycle have 3 levels ? By the way, I took entry below this peak high because I recognized this "1st level" but I closed my trade before Asian range. But after asian range I took a new entry point because I was sure that there shall be 3rd level what did not happen.
You are chasing lower timeframe levels, that is not recommented...
Here you have 5m, two different 15m and recommented 1h charts with levels.
Sympathy or Master Capitan can correct, if wrong
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I noticed that you trade on M15, so before you start your trade you always wait for these 3 pushes (of course I understand difference between 3 pushes and 3 levels), and then you are looking for an M or W (it depends from the direction) ? You do not trade during these 3 pushes, you always wait when these 3 pushes will be completed?
What do you do in a such situation where after these 3 pushes you will not find an M or W, do you leave such a trade, I mean by that, you do not take such a trade ?
So after asian range you are waiting for these signals:
1. 3 pushes
2. M or W
3. And if you recognized both of above signals then you will start your trade in accordance with "market" direction ?
I would be grateful for your response.
Hey Tom, first of all you have to keep off from lower time frame levels until you understand the process ok. i trade all time frame because i know my levels from the higher time frames. i look for pairs trhat are in level3/ level 1 then trade from them. accumulation and 3 pushes happens in level1/3 so your job is to locate the pairs. i have read this thread almost 10-20times so i know how this strategy works, learn your levels count in 1hr time frames and check for patterns in 15min thats all. practice practice and practice ok
and when you do, your eyes will open 
