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Attachments: Intraday swing trading
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Intraday swing trading

I don't have time to rewrite it etc. So here's a post I offered that can explain it. If you choose opinion over reality then good luck, you're gonna need it.


https://www.forexfactory.com/thread/...4#post14347284


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If I'm looking at a 4hr chart position, then a swing will be comprised of everything that is within the capacity OF that swing. Therefore, TF is general. Useful but ultimately not the most important thing. So the principles are the same be it a 1min or 4hr view. I track, I don't guess.


Peter
Trading's for those who learn independently. Everyone else is just blind.
Quoting BWilliam
From what I read on forum most traders scalp. This topic is about this specific segment, intraday swing trading. To me, a intraday swing trade has a minimum 50pips profit target. And the entry exit is on the same day. Why most traders scalp instead of swing trade intraday? Imo, there's zero trading strategy in this segment. If you disagree, pls point us to such strategy. Why I bring up this specific topic? Imo, the current market structure or some call it market mechanism knowledge is faulty. And outdated. I claim traders can only execute intraday...
Could you pls guide me a little how to evaluate the H4 intent, I collect your posts and I read you can apply that principle also on H1 intent and M15 Intent where the profit range would be smaller like 30-35 and 25-35. But I dont understand 100% how to do it, look at chart I do only guess work.

Do you use any level, ADR mark, candle to evaluate the intent.

Trade in H1 H4 with too large SL, Can we bring it down to M15 or M5 the principle would still be the same? I hope.
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Calm down bro... its just an opinion .. jeeeez

Quoting Steven1
{quote} STOP saying Technical analysis does not work - using volume is doing TA ??????????????? You are badmouthing your own work - the people shorting gold here are GAMBLING - do u see the difference???? here is gold for the last 2 weeks - it is in a uptrend - price is above the rising moving averages - basic common sense is u ONLY GO LONG when price is above the moving averages - it puts the odds in your favour instead of fighting the trend. So therefore the people who are shorting gold are going against the trend - that is GAMBLING - it is not...
Didn't quite catch the last line ... had to get my.spectacles out.. can you please repeat ? Thankyou

Quoting Steven1
{quote} u just don't get it - anyone shorting gold is NOT using TA - they are GAMBLING - shorting uptrends is NOT TA - do u see that????? U mentioned RSI a couple of days ago - shorting overbought in uptrends is NOT TA - RSI is to be used in ranging markets only and not trends - can u see people are gambling shorting gold and not using TA TA works with both newbies and professionals - the problem is the person using it - if they don't follow the TA rules than they are gambling STOP BADMOUTHING TA
Quoting ntk
{quote} Could you pls guide me a little how to evaluate the H4 intent, I collect your posts and I read you can apply that principle also on H1 intent and M15 Intent where the profit range would be smaller like 30-35 and 25-35. But I dont understand 100% how to do it, look at chart I do only guess work. Do you use any level, ADR mark, candle to evaluate the intent. Trade in H1 H4 with too large SL, Can we bring it down to M15 or M5 the principle would still be the same? I hope. {image} {image}
Hi ntk,
for H4 intent intraday trading,
1. Chart timeframe is m15,
2. open line is dol,
3. Adr and ah4r

For h1 intent intra-h4 trading,
1. Chart timeframe is m5,
2. open line is h4 open line,
3. Ah4r and ah1r

For m15 intent intra-h1 trading,
1. Chart timeframe is m1,
2. Open line is h1 open line,
3. Ah1r and am15r

The range band tell you the potential profit target.

The principle is the same, with faster cycles. Instead of trade intraday, traders can opt for scalping intra-h1. This means every hour is equivalent to a day.

I showed the charts here.
https://www.forexfactory.com/thread/...5#post14360905

I use only 3 things on my chart to trade. I explained it here.

https://www.forexfactory.com/thread/...5#post14362695

And I mostly check charts on MT4 phone apps, when there's setup I go to my computer or execute trades on the apps. The apps has this advantage that it doesn't freeze unlike the computer.

Cheers
Trade the value
Bro clearly not getting any and totally frustrated .

Need to chill or maybe get some serious therapy treatment for what ever drama you had or are having in life.

mature up bud and be pleasant acting like a spoilt teen brat.

feeedom of speach so chill ..

Quoting PeterCaleb
{quote} I hold to the belief that a well rounded trader will always outperform anyone else. Why? They have nothing to prove because they are in it to improve not brag or gloat or show off. If I say dumb, stupid or moron, it's to emphasize not name call. People of today are dumb either on purpose, or by default. To my mind, only people with severe permanent brain damage have the right to be excluded here. Therefore everyone else has work to do and should stop wasting time they don't have to spare. I find people do not understand many things but I...
Quoting ntk
{quote} Could you pls guide me a little how to evaluate the H4 intent
Specific to this question, you have to know,
1. the demarcation zone(blue box) for all timeframe, and
2. bank target at the extremes.

For intraday trading, you need to look at one timeframe upward(the same for intra-h4 and intra-h1 trading),
1. H1 timeframe,
2. Open line is wol,
3. Awr and adr

Banks ALWAYS move price to demarcation zone(blue box) or the extreme. Which is already sitting on your chart for ALL timeframes, except traders don't see them and therefore not aware.

Forex price movement at demarcation zones and extreme is highly supervised by CB.

This organised price movement is wrongly interpreted by retail traders as market manipulation and many other misleading narratives.

Cheers
Trade the value
I have to point out one important point.

We only know what we know, we don't overarch what we know.

This means that there are plenty of things we DON'T KNOW as price move.
(the difference between a good trader and others is he is aware, recognise and acknowledge the plenty things he doesn't know.)

The biggest mistake in TA is to make assumptions about things we surely don't know.

This thread is about the faulty, misleading and dangerous TA assumptions.

Once traders adopt faulty and misleading assumptions, then the trader is moving from trading into the realm of guessing and gambling.

Discretionary PA trading is like looking at the bacarrat board(with all the roads) and make banker or player bets. The roads show market mechanism, momentum and trend as well.

Cheers
Trade the value
Hi @BWilliam
You wrote several time that you use mt4 app to find out bank levels.
If you are using a tool from the app than isn't also that a TA tool?
The same goes to the lines and channel in your chart.
So, why someone is called TA trader and someone else no despite using more or less the same tools?
Quoting Merka
Hi @BWilliam You wrote several time that you use mt4 app to find out bank levels. If you are using a tool from the app than isn't also that a TA tool? The same goes to the lines and channel in your chart. So, why someone is called TA trader and someone else no despite using more or less the same tools?
Hi merka, good question.

I use standard MT4 tools, I wrote that long ago.
(That's why I have no magic MT4 apps indicators to sell.)

The difference is I use these commonly available tools with an objectively quantified statistical approach. This quant approach is heavily steeped in statistical math.

Traditional TA uses these same tools with the whole host of TA assumptions. I am sure you are well verse with them. It's this assumptions that make the trader a TA trader. Not the tools.

This thread is about faulty, misleading and dangerous TA ASSUMPTIONs. I wrote this several times.

Cheers
Trade the value
Quoting BWilliam
{quote} Specific to this question, you have to know, 1. the demarcation zone(blue box) for all timeframe, and 2. bank target at the extremes. For intraday trading, you need to look at one timeframe upward(the same for intra-h4 and intra-h1 trading), 1. H1 timeframe, 2. Open line is wol, 3. Awr and adr Banks ALWAYS move price to demarcation zone(blue box) or the extreme. Which is already sitting on your chart for ALL timeframes, except traders don't see them and therefore not aware. Forex price movement at demarcation zones and extreme is highly...
I reconstruct my chart to show the key informations you mention in your post.

I dont understand the words "demarcation zone(blue box) or the extreme" can not google it. You are not meaning the blue Asian Session Box, or the breakout box in the London session breakout strategy?

When I trade H1 I pay attention on H1 hi/low then H4-High Low then Prev day high/low, "Banks ALWAYS move price to demarcation zone(blue box) or the extreme" in common sense as a trader you would push price to the high or the low to see anyone will bite and join that those extremes

Like case of Gold here I see it has taken out prev H4 low, so I would expect at sometimes bank would test the H4 high

in H1 a SHS pattern is forming, could be fake so I wait for market break the nexkline, then next move would be a CB bank test the H1 low H4 low Daily low, because they are close less effort to reach
Would you contruct the chart so to get the informations you need for your ALGO?
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Quoting Merka
Hi @BWilliam You wrote several time that you use mt4 app to find out bank levels. If you are using a tool from the app than isn't also that a TA tool? The same goes to the lines and channel in your chart. So, why someone is called TA trader and someone else no despite using more or less the same tools?
Hi merka, read my first post. I repeated myself many times on this thread. Read my post history on other threads.

I'm sure you are well aware about what I wrote. And I assume this is the very reason why you moved to volume trading.

I'm certain many members agree with what I wrote about TA assumptions. Unlike me, they prefer to remain quiet on controversial subjects.

Cheers
Trade the value
Quoting hope&glory
Didn't quite catch the last line ... had to get my.spectacles out.. can you please repeat ? Thankyou {quote}
Gold made a giant step from 1899 to 2006 now it is practically trading in a range. Up trend is strong and trend is TA friend so you would buy dip only but where are the possible dip you can not position pending orders MM take you out in a note. So when there ppl who talks a out shorting, due to OB, MACD cross, retest extremes, HS candle pattern they may talking about pin-point the level price moving down to enter a buying the dip, not necessary they want to perform a risky shorting inside the giant inside bar candle...

Could we inpterpret this way?
Quoting BWilliam
{quote} Hi ntk, for H4 intent intraday trading, 1. Chart timeframe is m15, 2. open line is dol, 3. Adr and ah4r For h1 intent intra-h4 trading, 1. Chart timeframe is m5, 2. open line is h4 open line, 3. Ah4r and ah1r For m15 intent intra-h1 trading, 1. Chart timeframe is m1, 2. Open line is h1 open line, 3. Ah1r and am15r The range band tell you the potential profit target. The principle is the same, with faster cycles. Instead of trade intraday, traders can opt for scalping intra-h1. This means every hour is equivalent to a day. I showed the charts...
ah thank you i will check the links you give

Trading on the mobile app, does not let you add any custom indicator and for one to use very clear and mean chart due to the screen resolution, it maybe an advantage

Do you know one trader Julian Neman, or newbies2014 could that strategy similar to yours
Quoting ntk
... and for one to use very clear and mean chart due to the screen resolution, it maybe an advantage..
Hi ntk, people don't realise this big advantage. I can only tell. Try it to see the difference between computer and phone. It will change the way you see charts.

Someday in the future, when MT4 apps allow custom indicators, that'll be a huge level up. If someone is a good coder, perhaps he can create a new phone trading platform for this purpose. That'll be awesome. Cheers
Trade the value
Quoting BWilliam
{quote} Hi ntk, people don't realise this big advantage. I can only tell. Try it to see the difference between computer and phone. It will change the way you see charts. Someday in the future, when MT4 apps allow custom indicators, that'll be a huge level up. If someone is a good coder, perhaps he can create a new phone trading platform for this purpose. That'll be awesome. Cheers
seeing you approve trading on the mobile, I am curious. but after install the app, how do you get your trading account to the phone. there are hundreds of brokers and there is only one MT4 in the store? Is it complicated?
Quoting ntk
{quote} seeing you approve trading on the mobile, I am curious. but after install the app, how do you get your trading account to the phone. there are hundreds of brokers and there is only one MT4 in the store? Is it complicated?
Hi ntk, you just key in your account number and password. Not complicated.

You may want to fiddle around with it, there're plenty of ways to use it. Cheers
Inserted Video
Trade the value
Quoting BWilliam
{quote} Hi ntk, for H4 intent intraday trading, 1. Chart timeframe is m15, 2. open line is dol, 3. Adr and ah4r For h1 intent intra-h4 trading, 1. Chart timeframe is m5, 2. open line is h4 open line, 3. Ah4r and ah1r For m15 intent intra-h1 trading, 1. Chart timeframe is m1, 2. Open line is h1 open line, 3. Ah1r and am15r The range band tell you the potential profit target. The principle is the same, with faster cycles. Instead of trade intraday, traders can opt for scalping intra-h1. This means every hour is equivalent to a day. I showed the charts...
a4rs, a1hr, am15r ... what are they? could you pls share?
I know ATR() ADR() but I can only change option for x day period? I have never seen one ATR or ARD where I can set the period on minute or hourly
Quoting ntk
{quote} a4rs, a1hr, am15r ... what are they? could you pls share? I know ATR() ADR() but I can only change option for x day period? I have never seen one ATR or ARD where I can set the period on minute or hourly
Hi ntk,
Amr - average month range
Awr - average week range
ADR - average day range
Ah4r - average h4 range
Ah1r - average h1 range
Am15r - average m15 range
Am5r - average m5 range
Am1r - average m1 range

I created this tool with a timeframe input to cater for all timeframes. To measure price against the bands and open line which reveal volatility of the particular timeframe. That's the only purpose of this tool to track banks activity. Which is part of my quant statistical approach.

You can engage a coder to create this tool or try your luck here.
https://www.forexfactory.com/thread/...3#post14368093

I can only use this tool on the computer. On the phone I use Bands, double check on the computer. Cheers
Trade the value
Quoting ntk
{quote} Gold made a giant step from 1899 to 2006 now it is practically trading in a range. Up trend is strong and trend is TA friend so you would buy dip only but where are the possible dip you can not position pending orders MM take you out in a note. So when there ppl who talks a out shorting, due to OB, MACD cross, retest extremes, HS candle pattern they may talking about pin-point the level price moving down to enter a buying the dip, not necessary they want to perform a risky shorting inside the giant inside bar candle... Could we inpterpret...
Hi ntk

Forget bloody TA, it’s not required other than a brief glimpse at a candlestick chart.

First question?

Is there expansion of price?

Thats all we need to know, then apply smart money management to the chart and you will make some good money.

No one makes good money using TA, they make good money using smart money management.

Last night on Gold, after reading the tape and seeing excessive volume levels - I when Short.

First trade Short failed - cut at 8 Ticks
Second trade Short quickly when into profit due to great volume signals.
Third trade Short was added at this point.

Result 15 minutes later on Gold Futures was a $1900 win. Later I picked up a $4150 on a big bulls Gold short because it was heading to my bankers level. That’s my Vacuum Point BS.

TA didn’t add to the profit, it was all due to smart money management.

Fuck TA
Trading thin liquidity at the boundary of the charts
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