Less you depend on indicators the better.Reduce only to essentials.It is hard to see exact Price Action on HA candles and this is very important on 30min.
Regards
In trading, you have to be defensive and aggressive at the same time
RiskyFX-M30 System 117 replies
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London Open Breakout-M30 57 replies
M30 Rainbow Madness 23 replies
Disliked{quote} Keep in mind that HA H4 candle can be bull but on 30min chart can move 50pips or more counter before it changes Bear.Trading 30min chart no HA candles is necessary in my opinion. Less you depend on indicators the better.Reduce only to essentials. RegardsIgnored
DislikedMulti-Timeframe view of the TDI and Heiken Ashi: Here is one way to see the TDI and HA of several TFs in one chart. Go to www.pipware.com and download their software suite v7.02 and set up your chart template as shown below. {image} You can setup the TFs you want to see in the sub-window below your price chart. Note: Make sure you read the set up intruction at the pipware website and use the correct versions of the Heiken Ashi ( for the APB) and the TDI which is realtime. Have fun.Ignored
DislikedI posted this chart on last Friday 140pips lower today since open this week... I am a bit surprised I am not seeing obvious trades posted here more often. {image}Ignored
Disliked{quote} great call. I spent a lot of time learning another very popular method but that analysis was telling me to short this pair at the time you posted this. (to be fair, the price did go down a little before a huge up move). I then read the BS trading PDF posted by Davit which opened my eyes. There are many different ways to trade and I have been profitable but often with large draw downs and lack of confidence. Thank you for all your contributions. I am hoping to soak up all of your valuable knowledge.Ignored
Disliked{quote} he must have lost his $5000 account trading the way he did.Ignored
Disliked{quote} he must have lost his $5000 account trading the way he did.Ignored
Disliked{quote} We all appreciated your heads up D. all is good. I don't always check D1 but more on PA from the chart I trade can produce enough pipsIgnored
Disliked{quote} Hi AW That huge swing down 7216 was caused by Chinese devaluation and since then market already consumed it. PA most likely will go up considering USD is showing overall weakness. You are saying "looking at PA" and you took a short.I am looking at same PA and I don't see any reason for short.Price is consolidating. To be successful in trading in long run we must stack as many edges on our side as possible. Lets say Price is huge X factor and nobody knows for sure the future 100% We can increase the adds of one thing happening more then another...Ignored