BeatlemaniaSA wrote: Sat Dec 30, 2023 4:03 am There ARE many other factors that I take into consideration based on my experience level and the forex knowledge that I have acquired over the last 4 years

FOR ME the biggest factor here was that I saw Bearish Divergence on all the timeframes despite the market makers pushing the price up. The price was above value, and H1 and H4 resistance levels were reached. Also up to the point of entry price had already reached over 200pips ADR.

They were literally setting up for the drop. I have no idea of your experience level or how you see the market but with time you WILL see all these additional factors

Here's wishing you a great year of trading in 2024.

Regards,
Beatle

saishala wrote: Sat Dec 30, 2023 4:13 am Hello BeatlemaniaSA

I have one question here.

What you have done with your ZEE ?

I'm trying to extend them just to see bounces.

How You Can Do That?

(I'm Really Covered in jealousy Right now Looking at your chart. but Relaxed, chilling, calm and tranquil)

Samoth wrote: Sat Dec 30, 2023 4:02 am Unfortunately already closed.
Yeah, it is a much-needed correction after this bull run.

I try not to hold trades over the weekend, I usually have high lot sizes with SL at the end of the current FVG.

A 100-point gap in the wrong direction would ruin me

BeatlemaniaSA wrote: Sat Dec 30, 2023 4:46 am Haha, I was wondering when the eagle-eyed among you would have noticed that.

The honour belongs to you Selah

All I've done is add another Zee Support and Resistance indicator to the chart with the following settings...

2023-12-29_Zee S_R.png

Why? Because it shows me the major reversal points. Thanks go to @xard777 for showing me the light

Do NOT be afraid to experiment and test things out guys. You'll be amazed at what you can discover

Unfortunately, this is what I see with many traders now, they DO NOT make the effort to learn about the ins and outs of a system (especially the indicators used)! I think @josi described this succinctly in a previous post

Buy hey, as they say, "Some mothers do have them"

Regards,
Beatle

BeatlemaniaSA wrote: Fri Dec 29, 2023 6:48 am Exactly, too many traders jump into a trade WITHOUT proper (non-repainting) confirmation

BeatlemaniaSA wrote: Sat Dec 30, 2023 8:07 am For those who love the 5 min timeframe, BEATS V5 can and will be deadly! However, I would NOT recommend trading more than 4 pairs as this will allow you to safely monitor them, and NOT lose your head.

And, just my personal opinion and from my experience I would highly recommend any new trader to go through the BTMM (Beat The Market Maker) course by Steve Mauro. This will give you a great insight as to how the Market Makers manipulate the market.

My goal with BEATS V5 was to make it an amalgamation of ALL the great concepts and ideas of the knowledge I've acquired over the past 4 years. Take the time to increase your knowledge base and soon you'll be seeing the markets in a new light.

Hopefully, you all ended the year on a good note and here's wishing you a fantastic and extremely profitable 2024!!

Regards,
Beatle

2023-12-29_Beats V5 5min chart.png