My journey towards consistency

[Forexmospherian]

These are very logic and make sense to the letter.

I will await your chart and will post mine to match clues reasons.

Going to have a bite to eat in next 10 mins and will post chart before 2 00 pm with a bit of luck


Slowly - it will all make sense - even the traps and manipulations etc

 

[KostasSt]

Dear F

Following your guidance quite for a while now, have to say really impressed with your generosity.
Could you please explain how do you identify Support and resistance areas and I have probably missed the part about Linear Regression, absolutely lost with them.

Cheers

 

[Forexmospherian]

Dear F

Following your guidance quite for a while now, have to say really impressed with your generosity.
Could you please explain how do you identify Support and resistance areas and I have probably missed the part about Linear Regression, absolutely lost with them.

Cheers

Hi Kostas

Will do

I hope to be able to explain more in gft32''s journal thread as he goes through his learning journey on this method etc

Will explain about interim levels and highs and lows - as they will be different to normal pivot levels of FIbs etc - although if they do match - then normally they are stronger

The UJ over last hour as given a perfect example of a manipulated trap

Will show it on a chart in next 15 mins as well


Regards

 

[KostasSt]

Will definitely continue to follow this and your other thread. Made some profit on the new 12.31 high but then lost it all on the decline

 

[Forexmospherian]

UJ - 1 min LR chart after 9 00 am

UJ chart showing levels and then try at 120 00 level and manipulation and BTTZ area from 119 80 to 120 03 area

 

[Forexmospherian]

Will definitely continue to follow this and your other thread. Made some profit on the new 12.31 high but then lost it all on the decline

That was a trick move over 120 00 and then the pullback stayed above 119 82/ 83 level

I call these areas a BTTZ - Bermuda Triangle Tease Zone - set up to catch traders out - and this was a great example - a double whammy on bulls and bears going on

For now over 120 05 and 10 keeps scalp buying - but 81 and 79 and then 75 would say the change might have started and then its scalp sells to supports at 60 -70 area

 

[Forexmospherian]

Noticed EU not really gone anywhere last 2 hrs stuck between 0820 to about 0850

By rights EU should drop now and UJ go up - but all could change again this new hour

 

[gftrader32]

UJ chart showing levels and then try at 120 00 level and manipulation and BTTZ area from 119 80 to 120 03 area

My Chart F,

 

[gftrader32]

What made you say S at 86-82 area first...then what made you say S is 82/83 here?

Hi F, would you comment on this?

Basically, how did you determine the support level?

 

[Forexmospherian]

Another clue to bring into the decision making etc is the daily ATR

the UJ as risen just over 100 pips in the day - and normally this is more than normal

So next R area above 120 00 is 120 15 / 20 and we would not expect to go above there normally - so maybe we can look for sells in the 120 -120 20 area - and buys on EU above 0790 and 0800 on the EU

Dont just jump in though - wait for the proper clues and changes and levels holding initially 30 min etc

 

[Forexmospherian]

My Chart F,

Make your longest LR - green dotted one a lot thicker and stronger to show session / day bias etc

 

[gftrader32]

Make your longest LR - green dotted one a lot thicker and stronger to show session / day bias etc

Done

 

[Forexmospherian]

If anyone is scalping the UJ then 2 09 pm was the scalp sell at 120 02 after a 04/5 high

Its playing tricks still - but above 82 and 85 still a buy again

Under 79 and 75 scalp sells can be stayed in

 

[gftrader32]

If anyone is scalping the UJ then 2 09 pm was the scalp sell at 120 02 after a 04/5 high

Its playing tricks still - but above 82 and 85 still a buy again

Under 79 and 75 scalp sells can be stayed in

I was about typing it in... so 2 09 scalp sell and would you say 1 31 as well?

 

[Forexmospherian]

Done

I think thats better - it will give you the session bias better

Got to pop out to do a couple of domestic jobs and take Basil the dog a walk

Will be back after 3 -3 15 pm

 

[Forexmospherian]

I was about typing it in... so 2 09 scalp sell and would you say 1 31 as well?

spot on with 1 31 pm - as a new false high and quick drop after half hr - yes correct

 

[gftrader32]

spot on with 1 31 pm - as a new false high and quick drop after half hr - yes correct

2 30

UJ

LH still in BTTZ though suggesting more scalp sell

 

[KostasSt]

UJ Short didnt go well for me

 

[Forexmospherian]

UJ Short didnt go well for me

i have come back to see that we have basically stayed in UJ range - ie

Under 120 05 and above 119 81 83 area

2 39 pm confirmed a buy at 119 86 and then 3 09 pm confirmed sell at under 119 96 after a 120 03 / 4 high again

Until we get a proper breach of either price S or R - then we are going nowhere

 

[Forexmospherian]

3 21 pm

Only around for another 45 min or hour today

EU

If we see it make above 0865 and 70 we can stay with scalp buys more - as it trying to turn up again and then try 0880 and might even make 0900
Under 0819 and 0810 then scalp sells to 0800 area of support


UJ - its still in a bullish price session above 119 80 - but its getting nowhere and until over 120 05 and 10 then really it will try testing the supports more and then if they let go at 81 and 78 and 70 - stay with scalp sells to next supports