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Thread: Interactive Trading Setups Disscussion

  1. #3001
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    Quote Originally Posted by lobogabor View Post
    AudUsd HTF bull bfly and bat developing
    Attachment 4041
    any comment, or analysis available?
    want to admin I do not understand your approach, lobo, ...for me it seems like random patterns location, random internal structures, mixing swings from different timeframes, ignoring harmonic look of the patterns, random supply demand zones drawn by II_supdem indicator. Not sure about yellow horizontal lines.
    ...anyway if it works for you, great!

  2. #3002
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    Quote Originally Posted by kor4x View Post
    want to admin I do not understand your approach, lobo, ...for me it seems like random patterns location, random internal structures, mixing swings from different timeframes, ignoring harmonic look of the patterns, random supply demand zones drawn by II_supdem indicator. Not sure about yellow horizontal lines.
    ...anyway if it works for you, great!
    Do not quite understand randomness...
    Do you have your current view on this pair on this TF or proximate TFs to check against it? I would be really interested.
    I did not go into internal structures yet, that is right, just a draft to be checked as an idea, since these are there, I have no doubt about it, will need time to develop.
    Structure of Supply demand, might call random, but you might call it random if I draw those myself as well...I think.. or pinpoint why you think so, plz.
    The horizontal lines are not marked with object names on the chart, but those are the closest proximate lines of support and demand zones from higher and current TFs, set up with alerts on my chart.
    So if you happen to have your analysis of the same pair, I would be really happy to see it and compare these for my education.
    Thanks for your comment.
    ... checking from a different angle, with hand drawn demand zones from the past, I still come to the same potential conclusion, so please explain...
    Interactive Trading Setups Disscussion-audusddaily-0104a.jpg
    kor, I would really appreciate, as well, if you expanded on what you meant by the "mixing swings from different TFs" comment. I might have even an M15 HP on the same drawing, like the one orange bear spot in the current demand zone on the right on this pic. from MT5. It is there in my opinion, and it is coming from the waves of that TF.. so I never thought of me mixing it... it must be done by someone else/or millions of those people ... unless I do misinterpret this comment.
    I did have a lot of cases when HPs were coming together to a swing location from different (usually neighboring) TFs and I have seen those working out more reliably. Can of course be my wishful thinking, so plz let me know!
    Also I recall Carney having a comment about having smaller HPs in the PRZ.. dunno, ever since I am trying to prove that concept to myself, so also plz comment if you have experience with those.
    Last edited by lobogabor; 01-05-2014 at 12:08 AM.

  3. #3003
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    Quote Originally Posted by lobogabor View Post
    Do not quite understand randomness...
    Do you have your current view on this pair on this TF or proximate TFs to check against it? I would be really interested.
    I did not go into internal structures yet, that is right, just a draft to be checked as an idea, since these are there, I have no doubt about it, will need time to develop.
    Structure of Supply demand, might call random, but you might call it random if I draw those myself as well...I think.. or pinpoint why you think so, plz.
    The horizontal lines are not marked with object names on the chart, but those are the closest proximate lines of support and demand zones from higher and current TFs, set up with alerts on my chart.
    So if you happen to have your analysis of the same pair, I would be really happy to see it and compare these for my education.
    Thanks for your comment.
    ... checking from a different angle, with hand drawn demand zones from the past, I still come to the same potential conclusion, so please explain...
    Click image for larger version. 

Name:	AUDUSDDaily-0104a.jpg 
Views:	13 
Size:	53.1 KB 
ID:	4043
    kor, I would really appreciate, as well, if you expanded on what you meant by the "mixing swings from different TFs" comment. I might have even an M15 HP on the same drawing, like the one orange bear spot in the current demand zone on the right on this pic. from MT5. It is there in my opinion, and it is coming from the waves of that TF.. so I never thought of me mixing it... it must be done by someone else/or millions of those people ... unless I do misinterpret this comment.
    I did have a lot of cases when HPs were coming together to a swing location from different (usually neighboring) TFs and I have seen those working out more reliably. Can of course be my wishful thinking, so plz let me know!
    Also I recall Carney having a comment about having smaller HPs in the PRZ.. dunno, ever since I am trying to prove that concept to myself, so also plz comment if you have experience with those.
    internal structures are important as it allows you to fine tune the entry. This one can learn by studing the history charts when pattern worked and when failed. For me this means to observe how the CD swing looks like usually and where to look for the entry.

    regarding sup/dem you will do much better if you start to draw the levels manually. Videos from Sam Seiden are great material to study. He explains how to draw, how to confirm, how to observe the price reaching the level. Check his enhancers also. I rewatched his videos many, many times. It worked for me.

    several timeframes are working on the chart in the same time and it makes the trading more complex. When trading Gartleys you need to know which swing is XA, which AB,BC,CD and they all must belong to the same timeframe, meaning they must be proportional in price and time. It's not always easy. It's tricky sometimes as Elliott Wave analysis.

    I do not find many of Carney's examples harmonic. I agree however that it's great to have smaller HP inside bigger HP. This allows to fine tune the entry, same as using sup/dem, cycles or elliott wave analysis for the CD swing.

    not easy to explain, i was thinking the materials collected on the forum should explain these concepts best. Check for example all info about the Gartley. It explains where to look for the pattern and how to confirm. I see lots of traders trying to force the pattern, to have many patterns, many trades. I think it's not good approach. It's much better to have most strict rules and spot highest probability trades. For me the highest probability trades are in best locations, and confirmed by several methods. Many examples of what I am trying to write here about harmonic trading is on my screenshots in this thread. As you can see I am sometime right, sometimes wrong, oscilating in around 50-50, but when I am wrong it's visible very quickly because I know it based on CD swing structure. I can take my SL before the X point is taken for Gartley, because I see that CD swing already invalidated my trade, or that CD got outside of the Sup/Dem zone that I defined.
    At the end I think it's about limiting number of patterns you trade. If you like the Cypher, great, stay with it for some time. See the cases when it worked and when it failed. Identify the moments from which pattern succeeds or failes, so you can take SL quicly, quicker than the crowd.
    xspojlerx likes this.
    Harmonics Tube - daily trading setups based on harmonic patterns
    Forex Harmonic Trading - Harmonic trading practical tips, tricks and hints
    AMPmonitor - harmonic and price patterns recognition Scanner that I use
    TradingArsenal Quiz project - best edu material regarding the Harmonic Patterns Trading

  4. #3004
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    @lobo, when I find some time I will try to prepare on some step by step procedure how I think harmonic patterns can be analised and traded. It will not replace anyones work, but may be helpfull to some. Note also that harmonic trading is not for everyone. People think it's a holy grail, but it's not. I think we had a discussion about it some weeks earlier.
    xspojlerx likes this.
    Harmonics Tube - daily trading setups based on harmonic patterns
    Forex Harmonic Trading - Harmonic trading practical tips, tricks and hints
    AMPmonitor - harmonic and price patterns recognition Scanner that I use
    TradingArsenal Quiz project - best edu material regarding the Harmonic Patterns Trading

  5. #3005
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    Quote Originally Posted by kor4x View Post
    internal structures are important as it allows you to fine tune the entry. This one can learn by studing the history charts when pattern worked and when failed. For me this means to observe how the CD swing looks like usually and where to look for the entry.

    regarding sup/dem you will do much better if you start to draw the levels manually. Videos from Sam Seiden are great material to study. He explains how to draw, how to confirm, how to observe the price reaching the level. Check his enhancers also. I rewatched his videos many, many times. It worked for me.

    several timeframes are working on the chart in the same time and it makes the trading more complex. When trading Gartleys you need to know which swing is XA, which AB,BC,CD and they all must belong to the same timeframe, meaning they must be proportional in price and time. It's not always easy. It's tricky sometimes as Elliott Wave analysis.

    I do not find many of Carney's examples harmonic. I agree however that it's great to have smaller HP inside bigger HP. This allows to fine tune the entry, same as using sup/dem, cycles or elliott wave analysis for the CD swing.

    not easy to explain, i was thinking the materials collected on the forum should explain these concepts best. Check for example all info about the Gartley. It explains where to look for the pattern and how to confirm. I see lots of traders trying to force the pattern, to have many patterns, many trades. I think it's not good approach. It's much better to have most strict rules and spot highest probability trades. For me the highest probability trades are in best locations, and confirmed by several methods. Many examples of what I am trying to write here about harmonic trading is on my screenshots in this thread. As you can see I am sometime right, sometimes wrong, oscilating in around 50-50, but when I am wrong it's visible very quickly because I know it based on CD swing structure. I can take my SL before the X point is taken for Gartley, because I see that CD swing already invalidated my trade, or that CD got outside of the Sup/Dem zone that I defined.
    At the end I think it's about limiting number of patterns you trade. If you like the Cypher, great, stay with it for some time. See the cases when it worked and when it failed. Identify the moments from which pattern succeeds or failes, so you can take SL quicly, quicker than the crowd.
    Thanks kor, I do agree with everything you stated. I will re-watch and re-read all those, it is needed anyway to keep fresh in mind. The last time I was re-reading the gartley section on this page I was surprised to read new stuff in the same text read before... I think it is a process, where ones mind has to be open first to be able to absorb...but this is how it is.
    Thank you for your comments!
    Last edited by lobogabor; 01-05-2014 at 11:12 PM.

  6. #3006
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    went long on GBPUSD

  7. #3007
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    Quote Originally Posted by kor4x View Post
    went long on GBPUSD
    Hi,

    Im Expecting a spike on this currency touching the 1.6329... We ll See !!! Thanks for sharing

    I wish you all a happy new year and all the best for this year and a lot of pips

    Regards

  8. #3008
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    Cable is moving sideways for the past few hours, not sure about it's direction for now as there is a bearish bat on the H4 TF on usd index and the prz in area 81-81,45, cmp 81.
    "GBP/USD Support 1.63490. RES 200MA 1.6389. Pulling back off Session Lows ahead of US ISM Non Manufacturing Data."


    logabor try to use Paint for better pic quality.
    Last edited by Marek Krajecki; 01-06-2014 at 02:23 PM.

  9. #3009
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    Quote Originally Posted by kor4x View Post
    went long on gbpusd
    gbpusd tp, +8%

  10. #3010
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    tomorrow (min in 6h) will be the time for a correction on EURJPY, will be looking for short term long I think.

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