| A | B |
|---|
| TP | take profit |
| Take Profit | (1) for the faster moving pairs for a trend move, this is going to be 50 pips (2) if you're not confident in it reaching the 50 pips mark, then half it to 25 pips (3) in a faster moving pair, you're gonna get to 50 pips very fast |
| TP for slow pairs | (1) for moving pairs for trend moves, go for 25 to 30 pips (1) half it to 25 pips if the ADR indicates the pair is even slower moving (4) if the pair normally has an ADR of 200 and today it is 105 then half the number of pip you'retrying to achieve. |
| YH | (1) we're looking for an M (2) if we happen to see an M at YL, we can only take an M off YL is if the M is coming off of a moving average |
| YL | (1) we're looking for a W (2) the only way we can take an M off YL is if it is accompanied by the moving average, specifically the mayo |
| Countertrend | (1) on a faster moving pair, first TP is to the water (2)2nd TP is to the mayo (3) if you (price)are below the BB (downtrend), your EMA, water and mayo, should be going up for a counter trend (4) if you are above the BB, your EMAs, water and mayo would be going down for a countertrend (5) Trend moves above the BB is WVVM. The WVV are trend moves, the M is counter. (6) Trend moves below the BB is MAAW. The MAA are trend moves, the W is counter |
| Slow Moving Pairs | counter trend TP is to the water only, everything else is the same |
| When the candlesticks | (1) hit the ADR Hi and the ADR lo, they'll bounce off and go the opposite direction kinda like the stop hunt boxes (2) some people get out of the trade when the candlesticks hit the ADR lines, but look at the EMAs for direction |
| What happened before and after a candle or pattern is very important. | (1) What happened before and after a candle or pattern is very important. |
| The End of the Trend | (1) If the market does a 90 degree drop, followed by a bullish signal, for example, a bullish engulfing candle right after the 90 degree drop. When the market does that kind of free fall, very likely, this is the end of the trend (2) What happens after, can be many different things. The engulfing candle can be a 2nd bottom; can be a 3rd bottom. This can test a support zone. This can be followed by three bullish candles-- some people call it three white soldiers, which is a bullish signal. So all of these increase the probability that the price is going to do a "U" turn. This is not temporary. This is a market reversal. This is the end of a trend. |
| Golden Rule No 7 | (1) don't use candlestick pattern w/o confirmation (2) don't use a single candle in isolation (3) look for the surrounding story told by the surrounding candles |
| If the S&P500 is going bullish | (1) then very likely the dollar is going to go bearish, because investor debt exchanging foreign currencies to US dollar and hence US dollar demand increases |
| In M15 | (1) your "Vs" & "As" are going to PB to the EMAs, not always, but most likely to 50 & 200 normally (2) you are not guaranteed a full WVVM in one day; it's not gonna happen |
| ID50 | (1) if the PB is not 25 to 50 pips, that is not the PB that you're looking for |
| Wait for the PB that gives you what you're looking for | (1) a PB that is 25 to 50 pips is the PB that you're looking for (3) Sometimes, it'll pullback and give you like 9 pips and it will actually continue consolidating, it won't give you that push that you're looking for. Then sometimes you'll notice that you don't actually get the shift, you'll have your induce, you'll have your trap but you won't have your shift that you need. If that's the case then your ID50 is probably going to be your shift and if you're not confident in what you're trading on the M15 chart, then wait for the safety for that to be your trade. Because you do want to make sure that you have your full shift, when it comes to ITS. |
| After Resets | (1) we're not looking for nameable trades (2) we're just looking for regular EMA trades or something coming off of YH/YL |
| When you first come to the charts | (1) get macro view; zoom all the way out (2) look for the BB; above BB looking for longs W and below the BB shorts M (3) look for the last anchor (4) check the trend (5) price above or below the EMAs (6) check YH and YL (7)is price on YH or YL, TB off EMAs; ADR hi, lo (8) look at spread |
| Price and EMAs | (1) above the BB we're looking for "Ws" (2) below the BB we're looking for "Ms" (3) the only time that changes is when you go hiking and you have that 50/200 cross; then you're looking for the opposite (5) that 50/200 cross confirms that everything is going to be the opposite |
| RRT | (1) on HR1/4 is an M or W on M15 |
| 5(mustard) & 13(ketchup) | (1) EMAs that help to show us consolidation? |
