adp » Tue Jun 23, 2015 6:48 pm wrote:

sympathy » Tue Jun 23, 2015 1:17 pm wrote:

bodring » Tue Jun 23, 2015 4:58 pm wrote:Thank you very much, Sympathy for taking your time and commenting those charts. It helps a lot. One question though how do you locate what is the current trend?

good question..... I check monthly and D1 chart and see if price is in an up trend or down trend then I will check how many levels we have in the tf am trading[normally one hour and 4hours] if the level on my time frame is two [going up] I will enter for level three. after level three, the trend will change or retraces before moving up again. the problem here is how to count the levels, if you know how to count levels you don't have problems. I will post chart soon.

These are great examples sympathy, thanks. In my opinion it is much easier trading on the higher time frames. In these charts you can clearly see 'M' patterns at the top, which appear all the time across all pairs. I think when learning, as the norm, sticking to the higher frames does not just only give a person much more time to think about placing a trade [rather than rushing into a trade (or ten) on the lower time frames], but at the same, when the move does finally occur, it pays off with a large number of pips.

sympathy » Tue Jun 23, 2015 4:21 pm wrote:

Zaleske » Tue Jun 23, 2015 3:48 pm wrote:

sympathy » Tue Jun 23, 2015 2:19 pm wrote: yeh W is for buy and M is for sell... sometime in a straight away move, you will see a W pattern forming, it means a continuation ok.

Hmm... But how did you know it wasn't reversing around here? Lower low?

remember we are following the trend. euro pairs are dropping so we have to follow the fox in this situation. he will always lead you to his destination. that place you circled was a pause in price. his direction is what we need to follow. after accumulation fox will push price away from the accumulation stage in 3pushes in price. he will look for HOD/LOD within that pair and stop the bulls/bears showing the pins. so from my chart I already know were he is going.

let me show you how. after accumulation, locate any flip zone[ where price breaks a level in the past] and wait for the fox around that area. also at weekends when price is not moving check your Empty4 and locate the past M/W, you will see that mostly all of them are located in a flip zone area. hope it helps.

sympathy » Tue Jun 23, 2015 9:37 pm wrote:PRACTICE PRACTICE AND PRACTICE.......THE LIGHT WILL SHOW SOON. IF YOU DONT UNDERSTAND THE SCOPE PLEASE ASK QUESTIONS... THIS STUFF IS VERY VERY EASY BUT YOU HAVE TO WORK HARD FOR IT.

adp » Wed Jun 24, 2015 5:38 am wrote:AUDNZD M15 - "M"

This pair setup nicely with an 'M' pattern forming and plenty of wicks (fox tracks) at the top, so hammered some pips out of it while I was still awake. AUDNZD is also at an interesting area on the weekly chart.

sympathy » Wed Jun 24, 2015 9:47 am wrote:EU