forexhard,
Two graphs are showing the same strengths and weaknesses at that time.
Bruce
Two graphs are showing the same strengths and weaknesses at that time.
Bruce
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Dislikedlast evening I was able to create following basket after comparing weekly and daily. And was able to grab another 100 pipsIgnored
DislikedES.
You didn't happened to take a snapshot of these trades at the beginning so that we could see what the indicators were showing you at the time you entered the trades?
Thanks for this snapshot..
BruceIgnored
Dislikedsame as u see in the chart above except eur was green in both daily and weekly and hence no trades using euroIgnored
DislikedAnother set of trades .Choosing currency pairs that at least match 2 time frames.Ignored
DislikedThat simple analysis is often enough. Do you try to figure things out yourself or take the suggestions?Ignored
DislikedThat simple analysis is often enough. Do you try to figure things out yourself or take the suggestions?Ignored
DislikedAnother set of trades .Choosing currency pairs that at least match 2 time frames.Ignored
Dislikedsame as u see in the chart above except eur was green in both daily and weekly and hence no trades using euroIgnored
DislikedHi ES,
I am getting confused here . Why didn't you take euro when the daily and weekly TFs match?
Thank you.Ignored
DislikedES,
I noticed that you have your weekly signals set to Trade Level 1, 4 hour set to Trade Level 1 BUT your daily is set at Trade Level 2.
Was that intentional? If so, what was your reasoning if you don't mind me asking?
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On another note, I trade in a similar way looking at the strength/weakness across MTFs. What I struggle with most is WHEN exactly to open trades in that I look at the weekly, daily and 4 hour charts BUT they usually all signal at different times.
Do you have any suggestions as to the best times...Ignored
DislikedES, you have the right idea but you're going about it the long way around.
Build a stack of indis as shown here. Make sure every indi has 100% indentical trade settings, except for the time frames of course.
Then all you have to do is wait for the colored bars to match across 3 of the 4 TF's before building your basket. The Weekly and the Daily should be in agreement, but only one of the smaller TF's needs to match the 2 higher ones. In other words, if you try waiting until all 4 are in perfect agreement you may be waiting for days before...Ignored
DislikedOne can use this system to trade individual pairs as well especially when lower time frame changes . For eg eurusd gave a sell on recent 4 hr bar change. euraud gave a buy and aud pairs gave a sellIgnored