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immy
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DAX PO

Unread post by immy »

It is a counter previous trend but it's a signal. Lets see what happens 
 
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What is the Secret of Successful Trading?
The Consistent Pursuit of DS1 :nerd

The thing that makes me money in trading is when I "Objectively Follow my Trading Plan".

I understand that I can't catch all the moves or all the signals but my objective is to catch THE VALID SIGNALS & ONLY the Valid Signals.

My Deathbed Advice "5:1 Reward to Risk Ratio".

Yo, banana boy! 🍌
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immy
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Re: H1: Trades, Ideas, Chat

Unread post by immy »

kvr1966 wrote: 03 Jun 2022, 10:28 I Placed a Limit Buy order on the Seed on USD-JPY.
Levels are more than 20 candles away, that's my count. Referring to to highest level in the screenshot.

 
 

 
Hey, Isn't i a setup 1 on H1 time frame? wouldn't this mean it must be a signal on H4?
And if its a setup1 no H1, then it can't be a banana signal on H1. does it make sense to you? 
What is the Secret of Successful Trading?
The Consistent Pursuit of DS1 :nerd

The thing that makes me money in trading is when I "Objectively Follow my Trading Plan".

I understand that I can't catch all the moves or all the signals but my objective is to catch THE VALID SIGNALS & ONLY the Valid Signals.

My Deathbed Advice "5:1 Reward to Risk Ratio".

Yo, banana boy! 🍌
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immy
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Re: H1: Trades, Ideas, Chat

Unread post by immy »

kvr1966 wrote: 03 Jun 2022, 10:28 I Placed a Limit Buy order on the Seed on USD-JPY.
Levels are more than 20 candles away, that's my count. Referring to to highest level in the screenshot.

 
 

 
What is this? Levels are 20 candles away? what does it mean? have you tested this idea and found that it gives you an edge? or is it just some thought that hit you and you made it part of your trade plan? why 20? why not 10 or 30? I 

The levels that we talk about are RIGHT there in front of you, you don't need to count bars. You took the trade RIGHT at the Levels... 
What is the Secret of Successful Trading?
The Consistent Pursuit of DS1 :nerd

The thing that makes me money in trading is when I "Objectively Follow my Trading Plan".

I understand that I can't catch all the moves or all the signals but my objective is to catch THE VALID SIGNALS & ONLY the Valid Signals.

My Deathbed Advice "5:1 Reward to Risk Ratio".

Yo, banana boy! 🍌
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Minsk
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Re: H1: Trades, Ideas, Chat

Unread post by Minsk »

immy wrote: 03 Jun 2022, 11:11
kvr1966 wrote: 03 Jun 2022, 10:28 I Placed a Limit Buy order on the Seed on USD-JPY.
Levels are more than 20 candles away, that's my count. Referring to to highest level in the screenshot.

 
 



 
Hi, hope it works... Not a setup for me. This is exactly the same as the USDCAD trade you took. Trading Range... cheers
 


 
It is a trading range, I agree with you. My thoughts when I placed the Limit Buy: that the candle right from the seed  broke the level upwards. So I thought, ok, this is confirmation. And a fresh cross of AO. So I can place a Limit Buy order on the seed.
Or should I have waited until a candle would have broken the top level much further to the left (at 130.241), before placing a Limit Buy order?

 
 
Last edited by Minsk on 03 Jun 2022, 12:59, edited 1 time in total.
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Minsk
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Re: H1: Trades, Ideas, Chat

Unread post by Minsk »

immy wrote: 03 Jun 2022, 11:14
kvr1966 wrote: 03 Jun 2022, 10:28 I Placed a Limit Buy order on the Seed on USD-JPY.
Levels are more than 20 candles away, that's my count. Referring to to highest level in the screenshot.

 
 




 
Hey, Isn't i a setup 1 on H1 time frame? wouldn't this mean it must be a signal on H4?
And if its a setup1 no H1, then it can't be a banana signal on H1. does it make sense to you? 



 
what you say makes sense. It can't be both at the same time on the same timeframe. 
It was a Setup1 on the H1, although 4 candles before the seed on H1.
In theory I understand what you say. Then I look at both charts, and think, how? I see a Setup 1 like 4 candles before the Banana Seed on the H1. So not exactly at the same time, but more or less.
It does puzzle me now.
 
 
 
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Last edited by Minsk on 03 Jun 2022, 12:54, edited 2 times in total.
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Minsk
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Re: H1: Trades, Ideas, Chat

Unread post by Minsk »

immy wrote: 03 Jun 2022, 11:16
kvr1966 wrote: 03 Jun 2022, 10:28 I Placed a Limit Buy order on the Seed on USD-JPY.
Levels are more than 20 candles away, that's my count. Referring to to highest level in the screenshot.

 
 


 
What is this? Levels are 20 candles away? what does it mean? have you tested this idea and found that it gives you an edge? or is it just some thought that hit you and you made it part of your trade plan? why 20? why not 10 or 30? I 

The levels that we talk about are RIGHT there in front of you, you don't need to count bars. You took the trade RIGHT at the Levels... 

 
the 20 candle "rule" I didn't think up myself. It was somewhere in the discord that it was referred to as "when it's like 20 candles or more away, then it's not an issue". 
I might have interpreted this wrong and if that is the case, I will let go of counting, then the levels to the left in the screenshot are very valid. 
Should I then have waited until  price  first breaks the top level to the left, then place the Limit Buy and wait if it comes back to the seed?
 
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immy
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Re: H1: Trades, Ideas, Chat

Unread post by immy »

kvr1966 wrote: 03 Jun 2022, 12:51
immy wrote: 03 Jun 2022, 11:16
kvr1966 wrote: 03 Jun 2022, 10:28 I Placed a Limit Buy order on the Seed on USD-JPY.
Levels are more than 20 candles away, that's my count. Referring to to highest level in the screenshot.

 
 



 
What is this? Levels are 20 candles away? what does it mean? have you tested this idea and found that it gives you an edge? or is it just some thought that hit you and you made it part of your trade plan? why 20? why not 10 or 30? I 

The levels that we talk about are RIGHT there in front of you, you don't need to count bars. You took the trade RIGHT at the Levels... 


 
the 20 candle "rule" I didn't think up myself. It was somewhere in the discord that it was referred to as "when it's like 20 candles or more away, then it's not an issue". 
I might have interpreted this wrong and if that is the case, I will let go of counting, then the levels to the left in the screenshot are very valid. 
Should I then have waited until  price  first breaks the top level to the left, then place the Limit Buy and wait if it comes back to the seed?
 

 
The Strategy that you need to follow has been laid out in the course. Those are the rules you need to follow. FOCUS on identifying the Banana Pattern. 2-3 Impulse Candles that BREAKOUT of a TRADING RANGE... not inside a Trading RAnge... does this make sense/ 
What is the Secret of Successful Trading?
The Consistent Pursuit of DS1 :nerd

The thing that makes me money in trading is when I "Objectively Follow my Trading Plan".

I understand that I can't catch all the moves or all the signals but my objective is to catch THE VALID SIGNALS & ONLY the Valid Signals.

My Deathbed Advice "5:1 Reward to Risk Ratio".

Yo, banana boy! 🍌
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Minsk
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Re: H1: Trades, Ideas, Chat

Unread post by Minsk »

immy wrote: 03 Jun 2022, 13:17
kvr1966 wrote: 03 Jun 2022, 12:51
immy wrote: 03 Jun 2022, 11:16
kvr1966 wrote: 03 Jun 2022, 10:28 I Placed a Limit Buy order on the Seed on USD-JPY.
Levels are more than 20 candles away, that's my count. Referring to to highest level in the screenshot.

 
 




 
What is this? Levels are 20 candles away? what does it mean? have you tested this idea and found that it gives you an edge? or is it just some thought that hit you and you made it part of your trade plan? why 20? why not 10 or 30? I 

The levels that we talk about are RIGHT there in front of you, you don't need to count bars. You took the trade RIGHT at the Levels... 



 
the 20 candle "rule" I didn't think up myself. It was somewhere in the discord that it was referred to as "when it's like 20 candles or more away, then it's not an issue". 
I might have interpreted this wrong and if that is the case, I will let go of counting, then the levels to the left in the screenshot are very valid. 
Should I then have waited until  price  first breaks the top level to the left, then place the Limit Buy and wait if it comes back to the seed?
 


 
The Strategy that you need to follow has been laid out in the course. Those are the rules you need to follow. FOCUS on identifying the Banana Pattern. 2-3 Impulse Candles that BREAKOUT of a TRADING RANGE... not inside a Trading RAnge... does this make sense/ 

 
yep
 
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immy
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Re: H1: Trades, Ideas, Chat

Unread post by immy »

kvr1966 wrote: 03 Jun 2022, 12:46
immy wrote: 03 Jun 2022, 11:14
kvr1966 wrote: 03 Jun 2022, 10:28 I Placed a Limit Buy order on the Seed on USD-JPY.
Levels are more than 20 candles away, that's my count. Referring to to highest level in the screenshot.

 
 





 
Hey, Isn't i a setup 1 on H1 time frame? wouldn't this mean it must be a signal on H4?
And if its a setup1 no H1, then it can't be a banana signal on H1. does it make sense to you? 




 
what you say makes sense. It can't be both at the same time on the same timeframe. 
It was a Setup1 on the H1, although 4 candles before the seed on H1.
In theory I understand what you say. Then I look at both charts, and think, how? I see a Setup 1 like 4 candles before the Banana Seed on the H1. So not exactly at the same time, but more or less.
It does puzzle me now.
 
 
 

 
I can tell you this much... You don't yet understand the Fractal Geometry of Setup 1 and The BAnana Setup. IT will click one day. 
 
What is the Secret of Successful Trading?
The Consistent Pursuit of DS1 :nerd

The thing that makes me money in trading is when I "Objectively Follow my Trading Plan".

I understand that I can't catch all the moves or all the signals but my objective is to catch THE VALID SIGNALS & ONLY the Valid Signals.

My Deathbed Advice "5:1 Reward to Risk Ratio".

Yo, banana boy! 🍌
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immy
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Re: DAX PO

Unread post by immy »

immy wrote: 03 Jun 2022, 11:12 It is a counter previous trend but it's a signal. Lets see what happens 
 

 
SL to BE lets see if it hits 3R... should not be an issue... I think even 5-7 R is possible. but I need a winner. I need that 3R... 
You do not have the required permissions to view the files attached to this post.
What is the Secret of Successful Trading?
The Consistent Pursuit of DS1 :nerd

The thing that makes me money in trading is when I "Objectively Follow my Trading Plan".

I understand that I can't catch all the moves or all the signals but my objective is to catch THE VALID SIGNALS & ONLY the Valid Signals.

My Deathbed Advice "5:1 Reward to Risk Ratio".

Yo, banana boy! 🍌
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