Jimmy wrote: Wed Mar 24, 2021 12:01 am Haha that's it

seems it uses fractals so have to check

josi wrote: Tue Mar 23, 2021 7:39 pm the good news: even GBPJPY has decided to go down - so you were able to make your sell (M15; a bit more than 20 pips)

thx man i was so confused........... especially when gbpjpy broke thru 150.000 im think omg major round number but i shorted just as it blasted through & got 36pips!!! scary moments

moey_dw wrote: Wed Mar 24, 2021 12:05 am thx man i was so confused........... especially when gbpjpy broke thru 150.000 im think omg major round number but i shorted just as it blasted through & got 36pips!!! scary moments

well done!

Meyney wrote: Wed Mar 24, 2021 12:11 am well done!

THX TO U FOR UR SYSTEM BOSS

need to ask u jose & mayney........... did u know gbpjpy would break 150.000 & continue downside??? how did u know this bro cos I was very unsure tbh

moey_dw wrote: Wed Mar 24, 2021 12:31 am THX TO U FOR UR SYSTEM BOSS

need to ask u jose & mayney........... did u know gbpjpy would break 150.000 & continue downside??? how did u know this bro cos I was very unsure tbh

We can only anticipate and get in early with a proper entry Moey before the train leaves as I showed with your 30m SD zone. When you are in fingers crossed and try to ride it as long as possible you can move you SL at every hickup / stall. Of course there are a few targets like previous high/low , SD zones (see gy 1H chart) and round number etc. If you look at the gy 1m chart you see almost ZERO reaction/retrace at 150 so this is a sign price can continue further down.

moey_dw wrote: Wed Mar 24, 2021 12:31 am need to ask u jose & mayney........... did u know gbpjpy would break 150.000 & continue downside??? how did u know this bro cos I was very unsure tbh

1. very interesting and very simple system: I like it a lot (but don't trade M1, M5)
2. H4: GBPJPY closed below EMA9, tried to move further down but was rejected: lower extreme of range was clear (in case of BO down). MAs: the space between the MAs widens, i. e. downtrend is intact
3. I didn't know and didn't expect that GBPJPY would go down (that far)
a) there was a gap (lots of things can happen after a gap) but
b) if price breaks out of range downwards: MMO: measured move objective (i. e. expect the move to be similar to the move before gap+consolidation)
(Trading the Measured Move: A Path to Trading Success in a World of Algos and High Frequency Trading and above all: one of the best books on trading ever: Adam Grimes: The Art and Science of Technical Analysis: Market Structure, Price Action, and Trading Strategies)
I am sure, Meyney will have more interesting stuff to say.
anyways: a good day for you: so, all is perfect

josi wrote: Wed Mar 24, 2021 12:51 am
b) if price breaks out of range downwards: MMO: measured move objective (i. e. expect the move to be similar to the move before gap+consolidation)
(Trading the Measured Move: A Path to Trading Success in a World of Algos and High Frequency Trading and above all: one of the best books on trading ever: Adam Grimes: The Art and Science of Technical Analysis: Market Structure, Price Action, and Trading Strategies)

Josi is right this will add another dimension, I have traded in the past fibo extensions / MM's only on the chart and still use it -not always- for confirmation. But for now I think to complicated in this thread let's focus on this 'simple' idea first we can add later if necessary.

And did you guys noticed GU left the Daily SD I posted before. It bounced first and retested etc. Template will help you to enter. Perhaps it will zigzag up again and retest the upper zone we will see. M pattern see it?

few nice up trades gy pointing up after 150 break. Think again the entry is pinpointed on 1M but the MA's are showing higher TF's, so do you really trade 1M? cy later best M. update hope you got this last short?

Meyney wrote: Wed Mar 24, 2021 12:04 am seems it uses fractals so have to check

Yes, it uses fractals and thus it's got to be a bit late. Too many lines on the charts too. Manual drawing is much simpler, more accurate and keeps me focused.