Jason wrote:Thanks for answering my previous questions CJ.

I have several more questions . I can't yet see how to fit your model, i.e. accumulation, spread widen, stop hunt, accumulation, then head fake, from the market maker's bread and butter chart, to other times and pairs.

When trading the 4h chart, do you have to see a period of accumulation before deciding to pick an area of interest and trade?

Why do market makers accumulate positions before the stop hunt?

Why does the spread widen then come back down before the rise up to the stop hunt, i.e. on the market maker's bread and butter chart?

What is a head fake and what is its purpose?

On the first reversal in early Feb (EURGBP), how could we have picked that high as an area of interest?

Are your demo accounts on myfxbook experiments or how you actually trade?

Sorry, so many questions! A really fascinating topic

Aus67 wrote:

Captain Jack wrote:

Jason wrote:When you see the railroad tracks, it has already happened. How do you enter near the top and risk only 15 pips? Is it by looking for railroad tracks on the m15?

Here ya go Jason - this would be a counter trend scalp on the H4...entry right in the pins with SL set right on top of the high pin. You can see my entry and SL at the bottom set of pins. Live setup!

CJ

Hi CJ
Just out of curiosity is your fxcm platform set to GMT? my broker (for the moment) is gmt +2. Although I see the pattern on my chart, it is a tad different, but is this something that you may feel is critical. Ie having a broker running on gmt?

Daryl

mjws00 wrote:I got my junior foxy glasses on, CJ. I am running charts like a mofo trying to get in their heads. What do you see at the labels. I have a feeling I am seeing what they want me to, but getting closer. Hard right is the obvious magic. Am I looking in the right spots?

I still get lost taking pinbars in realtime, without some kind of SR, trendline or something to guide me. It is really easy to take these early and get faked out. If I go just with my feel for price I do better. I do have serious time logged watching these build out from the 5s chart, and relating those microstructures to the higher timeframes. But just reading the pattern, gets me crushed unless I limit my hunting to certain areas.

Is it best to just pop down a few timeframes to finetune? Sounds like you see these without that.

Wonderful insight so far. Thanks. (Brooks is kicking my butt, holy anal retentive hell.)

Mike

Captain Jack wrote:

mjws00 wrote:I got my junior foxy glasses on, CJ. I am running charts like a mofo trying to get in their heads. What do you see at the labels. I have a feeling I am seeing what they want me to, but getting closer. Hard right is the obvious magic. Am I looking in the right spots?

I still get lost taking pinbars in realtime, without some kind of SR, trendline or something to guide me. It is really easy to take these early and get faked out. If I go just with my feel for price I do better. I do have serious time logged watching these build out from the 5s chart, and relating those microstructures to the higher timeframes. But just reading the pattern, gets me crushed unless I limit my hunting to certain areas.

Is it best to just pop down a few timeframes to finetune? Sounds like you see these without that.

Wonderful insight so far. Thanks. (Brooks is kicking my butt, holy anal retentive hell.)

Mike

You running a trade sim or something....lol

Here's a current pic.... actually 2 of them. 4H and the same info compressed to the weekly chart....

CJ