jupiter_peak
Well-Known Member
http://youtu.be/pvjHeUIb9xE
jupiter_peak said:nice GBPUSD long Turtle Soup entry using wednesday's order block and 79% retracemet level.
sakib717 said:now its time to buy cable >
Piper said:Really? Why? Just curious.. 8) Maybe i'll buy some too.. Or not.
-P
sakib717 said:...bit confusing for because of order block...
sakib717 said:its kind a weird for me to get that 6139 so my exception is 6157
Piper said:And if you'll get lucky, you're screwed 5 times as much, since now you have a new random reinforced trading habit.
sakib717 said:i saw many times price bounce from daily swing high but it is a bit confusing for me because of order block i didnt found any order block to support this buy from 6157.
full range is more than 200 pips, if a draw fibo full range it shows 62% 6139
one day moving 100 pips for down ! its kind a weird for me to get that 6139 so my exception is 6157
jupiter_peak said:...
Therefore, if you are hunting for 20 setups on a minute basis, I'd recon this as recipe for absolute disaster. If you are doing this, you are a junkie. Not a trader.
...
Piper said:Just an advice for your fx journey. If you cant see it, don't trade it. Cause probably it'll fail. And if you'll get lucky, you're screwed 5 times as much, since now you have a new random reinforced trading habit.
Now to get into that its problematic. In the market anything can happen any moment. I hope that you'll see that after a while..
All best,
-P
sakib717 said:Dear piper maybe you know what i mean at that time
cskrishna said:@Jupiter_Peak, I have question for you. Recently ICT explained about consolidations. I understand when he explained the fair price and finding the price level which touches most number of candles with open, high, close and low. I also understand when he explains the significance of that price in future, when price returns to that level. My question is what is the impact of that average price in the current consolidation, the consolidation for which we have derived the average price?
Thank you so much for your videos.
jupiter_peak said:I try to think of fair value as a mean. That been said, price has a tendency to revert to the mean. In other words, revert to the most accurately (fairly) priced for any particular asset.
Therefore, whenever price deviates too much from the mean, expect it to compensante and keep the average (mean/fair value).
So if you are selling, look to sell at a price above the mean. If you are looking to buy, look to buy at a price below the mean.
Makes sense to you?