THX Lance!
Strat, what to do when there is a set-up at the candle close but a few hours later is a (high impact) news event?
Strat, what to do when there is a set-up at the candle close but a few hours later is a (high impact) news event?
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DislikedHI Strat
Really enjoying the thread comparing what my interpretation is against yours, great way for building confidence and leaning I've defiantly been caught out trying to trade multiple time frames ending up not knowing what me arse from my elbow is doing.
[font=Arial]Defining the lead TF and sticking to just the two is so much easer to manage. When scanning charts in the morning I’m experimenting with simple S&R by drawing one resistant line and one support line from Monthly, Weekly and Daily this...Ignored
DislikedIn case you missed it, start at page 444 on Jacko's thread where you will witness a discussion between two of the most successful and respected traders here on FF - Wayne Jackson (Jacko) and Jim of James 16.
Nothing further needs to be said.
Rock n Roll,
StratIgnored
DislikedVery funny, but I remain confused and I doubt the hell is out of me. Have mercy. I'll admit I celebrated my second 30th birthday last year.
So I'll re-phrase the question and hope you don't mind. On a normal day for you, and using the charts you trade off, What time is it when your daily bar closes? And where are you? Please, if you see what I'm after here, answer it any way you'd like.
And while I'm on Time, your recent post on time frames was illuminating.
WheelzIgnored
DislikedPerfect.......That process is STANDARD.I use 3 different colors to help the eye remember which S/R belongs to what time frame.
If i dont cross check that well i cant sleep!!!Ignored
DislikedCounter Trade:
Shorted USD/JPY @ 98.65, SL=125..... seems 4 succesive weak candles won't sustain current offensives, posible retracements (+150pips) ...Ignored
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Thanks
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DislikedTHX Lance!
Strat, what to do when there is a set-up at the candle close but a few hours later is a (high impact) news event?Ignored
DislikedHi Guys - great thread and thanx Nicola for directing me here!
I've copied a post I made over on T2W; please feel free to comment. Strat is so right on the Shooting star and hammer standing out. They really do. Just look at the daily S/Star on usdcad on the triple top. Great candle that gave way to some good pippage!!
Please ignore my TF analysis though as I do trade the 4hr too. I wait for the daily PA to come into a PPZ and then use the 4hr and sometimes 1hr S/stars/ hammers or IBs combined with fib confluence and SR levels.
If i've learnt...Ignored
DislikedExcellent work with the index page Rogueforex! Thank you.
Good threads can get very long and the info often missed but this index will solve that problem.
Your layout is so easy to use...fantastic!
Thanks to you Strat for a very interesting thread!
CheersIgnored
DislikedAnalysis:
Weekly: has struggled to find buyers above 1.2821 for two weeks and price has closed below trend line (white dotted line).
Daily: Price is falling and has closed beneath the 20. Minor support at 1.2623 level but Sell Stop placed below this at 1.2615.
Target: 1.2414
Feedback welcome (with reasoning )
Cheers
Dan
AttachmentIgnored
DislikedAnalysis:
Weekly: has struggled to find buyers above 1.2821 for two weeks and price has closed below trend line (white dotted line).
Daily: Price is falling and has closed beneath the 20. Minor support at 1.2623 level but Sell Stop placed below this at 1.2615.
Target: 1.2414
Feedback welcome (with reasoning )
Cheers
Dan
AttachmentIgnored
DislikedBaba G - I'm confused (so what's new?) - which post are you referring to?
Rock n Roll,
StratIgnored