Hi Aaven, It may help you if you think like a Scalper. As a Scalper you are trying to capture the short-term direction of the market in order to profit. Then perhaps while looking at the chart with the template loaded imagine if you were only buying ...

Yes, I don't try to predict when the pullback will end. I don't think anyone can. The tools give an expectation of where it might end as when price is trending we can expect certain things. I am more interested in the underlying momentum after I see ...

Hi Strbac, Generally I agree with your observation. I do not want to get too involved in answering questions in this thread as I believe that there are answers that we need to find on our own. The challenge you will face is knowing when the pullback ...

Hi Blueface, Yes it does repaint, but why is that a problem? (rhetorical) I have only configured it to work for GBP/USD, but as I mentioned above it can probably be adapted to work with other pairs. Then again if you can capitalise on the movement ...

That's just the way life is. Where some see opportunity, others see nothing. Also it is not your typical Donchian Channel or Zig-Zag . Price movement does not care about time. Regards Neio

Hey Matt, Thanks for stopping by. Regards Neio

Hi Abokwaik, Yes, I am sure you can find many different ways. Personally, I try to keep my trades with the prevailing trend for a number of reasons. Although as you can see you have to time it right or you can clearly get caught buying tops and ...

Hey Hepsibah, You're welcome! I am sure you can see the opportunity and the benefits of trying to keep on the right side of the market. Regards Neio

Here is a big idea but probably unpopular idea to successful trading... Less is More We are told that we need more information or data (backtesting) and the computation of that data (indicators, analysis) will enable us to make better predictions or ...

Yes, it provides Open. High, Low and Close information at a glance...but how to interpret that information? It has really been answered here... Basically your best odds are going long on a higher time-frame green candle and going short on a HTF red ...

No worries. I am just responding as it was suggested that fundamentals are required to trade or that interpreting fundamentals will make you a better trader. My view is that it is not necessary but then I guess it depends on how long term your view ...

Appreciate your reply, but it was not a question that I need an answer to. The market movement shows you how it is reacting to fundamentals. So why spend time trying to figure out how the market is going to react to fundamentals? (no answer required) ...

Why do you need fundamentals when you can see which way price is moving?

It may influence the markets, but is it necessary to know in order to trade the markets? I trade the markets successfully without any appreciation for fundamentals. I am sure there are many others that do too.

Isn't anyone who enters a trade predicting to some degree? I think the difference is the mindset after the trade is entered.

I see probabilities in both directions but not certainties. Probabilities are based on historical data, which I used to define my swings on my chosen lower time-frame. To understand how often price breaks my defined swings or bounces. Also to ...

Nice thread. Money and material possessions have a limited affect on happiness once you have enough to cover the basic needs. Time is more important than money. I know money can be used to help you to buy more time to do things that can add to your ...

I will say this. It is important that we think for ourselves and make our own discoveries as this will give us confidence to trade. Keep on asking yourself, how you can find answers to important questions about price movement. Here is my kind of ...

Hi Nunrgguy, Yes I believe we are. I understood what you were driving at from your first couple of posts in this thread but kept quiet as I wanted to see how it would develop. Regards Neio