- Joined Jun 2011 | Status: Swing trader using Market Cycles | 2,151 Posts
Money moves the market, not an indicator.
- Joined Jun 2011 | Status: Swing trader using Market Cycles | 2,151 Posts
Money moves the market, not an indicator.
Simple Moving Average Vs. Moving Average? 8 replies
Does Moving average actually act as moving S/R ?? 20 replies
Need to show Prorealtime Moving Average in 1hr timeframe only 1 reply
Moving Average only for bull candles 4 replies
Disliked@dbsdsun if you look at 4h or daily it will become clearer. It is in a channel and the higher levels were tested for a second time in the past 10 days. it could bounce around the 1.4600 are or test the lows again.need to wait and see what happens. In hindsight, the ideal trade would have been at the retest for a low risk. you got stopped out as per your plan i presume. I would have placed the stop loss at around the 78.6% retracement of the high to entry swing and definitely beyond 62% . You could also use ATR to set your stop for that time frame....Ignored
DislikedWhy technical analysis work smoothly at higher timeframes, IMO, few words: ️Because institutional trading take place on a longer term period; ️Because large amounts of money require MORE TIME to move, get in and get out from Market thus creating the trend; ️Because thousands of investors all over world cannot think all in the same time and take decisions according (e.g 15 minutes, 30 minutes, one hour). Technical analysis work at any timeframe. It is proved statistically BUT only skilled traders are able to trade...Ignored
DislikedHi all, I found the book mentioned on this thread a couple of timer Technical Analysis using Multiple Timeframes by Brian Shannon in pdf format. I dont know if Im allowed to uploaded here or not or I have to send it via private message, let me know if I can. Andoseg, I have been reading some material about Steve Mauro, I have seen that you use things that are very similar to his strategy like the 3 days in a row and then a reversal. I think that some of the things he uses have some validity but for instance the 3 level count and then reversal does...Ignored
Disliked{quote} Did you copy the text from anywhere? Why it’s showing slight-white background with your text?Ignored
Disliked{quote} Because I copied the name of the book from a earlier post and it change the format of the text, I was trying for all the text looking the same and it end up like that. But I dont think that is relevant or importantIgnored
DislikedHi all, I found the book mentioned on this thread a couple of timer Technical Analysis using Multiple Timeframes by Brian Shannon in pdf format. I dont know if Im allowed to uploaded here or not or I have to send it via private message, let me know if I can. Andoseg, I have been reading some material about Steve Mauro, I have seen that you use things that are very similar to his strategy like the 3 days in a row and then a reversal. I think that some of the things he uses have some validity but for instance the 3 level count and then reversal does...Ignored
Disliked{quote} I don't know who you are talking about. Starting with 2014 I never followed a single trading advice but focused only to my personal practice and discoveries.Ignored
Disliked{quote} Hey {image} andoseg2 I appreciate your thoughts and posted strategy. Based on your explanation on the MAs noted in the first page and how you reached to their numbers I calculated the 5 minutes SMA value and came up with the number 288, but I am still learning and eager to learn more from you and other members who may add valuable contributions to this thread. So keep up the good work. regardsIgnored