DislikedAfter reversal and all signals lets just wait for LH for short on 5minute (so when it reverse from level wait for another high with sell signal on it - and it should be below signal level).
That stop from many loss trades.Ignored
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DislikedThis is a nice thread, it reminds me of the book I read recently called the High Probability Trading by Robert C Miner. Nevertheless it is powerful method, hence the title.
Dear Akhh, in your first post you mentioned about trading Stocks and futures, somehow I felt these technical analysis strategy works better in those instruments rather than Forex. I tried this on the S&P500, it is smooth.Ignored
DislikedYou trading it only on USA session charts - or 24h charts?
Anyway in Poland we dont have many futures for stocks and short selling is not good too. Its more traditional - ppl just buying stocks
I'm thinking about USA stocks - but i need some leverage. Maybe some advice? ThnxIgnored
DislikedHi Akhh, good to see you back! Hope you had a great time skiing!
My broadband internet is down tonight, I can't see the charts. So I flip thru Robert miner's book again to refresh. Hopefully I can trade better going forward
Hi jimborders, we are from the same country. Nice to meet you here!Ignored
DislikedHi Lithium1, nice to meet you too. It seems we are all reading the same material and both of you are my first Poland people I met
I read thru the robert miner's book, in the chapter where he wrote about Fibonacci, I still don't quite get the art of drawing the Alternate Price Projection though. But i like the subjectivity of it, since most of the repeated retracement could be a sign of reversal. Will definitely learn more from the both of you, thanks and best of health!Ignored
DislikedI think Ithum means that he is from same country as You Jim
Anyway putting together Fibonacci and Eliot waves (simple) is strong - putting some objective indicator as DT - making it stronger. Putting double TF (or even triple - im trying to enter in 1minute chart to make SL lower) should give us stron system - and it is making us all as traders better and better. Im also looking on Support/Resistance levels and some trend lines.Ignored
DislikedOh man, I just realized that as well! Lol.
Currently what are the Dual/Triple Time Frame you are looking at? I see you are a day trader, I understand how it feels to be looking and waiting for opportunity of the day. I am assuming you are trading the M15 and H1 as guideline?
It takes a good eye sight to spot the overlapping of the three Fibonacci (Projection, Extension, and Internal Retracement), I think if you want to trade 1M chart, you have to be lighting fast! Not impossible though.Ignored
DislikedIts H1 - 5m. 1m for entry.
What TF are You using for CFDs. I have it and i see so many stocks - its nice. But impossible to day trade on 100 stocksIgnored
DislikedWow, 1M for entry! The lowest I can go is 5M, that's it i'm out! You deserve some respect for that. How is the performance so far in 1M trading? Do you think it's more effective?
I first looked at D1, scrolled down to H1, Entered at M15. If I use Pivot Points, I will go down some more to M5. But due to the fact that I just got into Robert's method recently, I can not tell which one is more comfortable for my timing. If trading the M1 would be exciting, because i rarely trade M1 before in my life, since it has resemblance to a tick chart. Hahaha...Ignored
DislikedIm just entering on m1.
Its simple - when u have signal on long TF (H1 in my situation) and than signal on slower TF (5m) - another shorter TF (1minute in my situation) is close to give opposite signal. So for example for short - short signal on H1, than short on 5m - and than another short on m1 - and that will give me in most situations 20-50% lower SL than entering just from 5m.Ignored
DislikedHi Lithium1, nice to meet you too. It seems we are all reading the same material and both of you are my first Poland people I met
I read thru the robert miner's book, in the chapter where he wrote about Fibonacci, I still don't quite get the art of drawing the Alternate Price Projection though. But i like the subjectivity of it, since most of the repeated retracement could be a sign of reversal. Will definitely learn more from the both of you, thanks and best of health!Ignored
DislikedIm just entering on m1.
Its simple - when u have signal on long TF (H1 in my situation) and than signal on slower TF (5m) - another shorter TF (1minute in my situation) is close to give opposite signal. So for example for short - short signal on H1, than short on 5m - and than another short on m1 - and that will give me in most situations 20-50% lower SL than entering just from 5m.Ignored
DislikedI'm in the same country as you. HAHA
And I have not made any money from forex yet. Still learning
By the way, are you counting S&P wave?Ignored