H4 charts. Daily and Weekly charts for guidance.
Three Amigos Quantitative Price Action. Volume.
Pure android trading. So no screen shots.
Just candlesticks. No other indis.
Android program used: Metatrader 4 & Alert Forex & Trade Interceptor. .all downloadable from Market /Play.
Draw the H4 bars on paper/book. Advantage, this forces you to pay attention to new highs/lows. Also, easy note-taking, calculating lotsize based on amount of pips counted from Planned entry points to Stop Loss.
For easier reference to the six H4 bars in a day,
they're labelled :
T - start of Tokyo session is inside this bar.
H - Three Amigos combo usually here showing day direction, to be acted upon during E & U bar.
E - start of Europe markets inside.
U - US sessions.
S - US sessions.
A
For any given trading day from M T W R F, any
position taken will be closed BY the end of T bar
on M T W R if TP not hit.
For a position opened on day R, the direction
MAY carry to day F. Price Action would determine
course of action.
Patience. Don't jump the gun till the 3 Amigos are
done.
While Metatrader is used to trade, Trade Interceptor is used for H4 bars analysis for 3 Amigos combo and reference for drawing on paper.
Set Metatrader charts to daily or weekly; Trade Interceptor to H4 timeframe. Important : when choosing pairs in Trade Interceptor, make sure bid/ask price are quoted from FXCM. When configuring charts, choose charts start time of 17:00 EST in H4 timeframe.
So no matter what broker you use, you will be looking at the same H4 charts as major players.
Also, Trade Interceptor has an alarm trigger. Very convenient. But in case it fails, we have Alert Forex for backup.
Mainly EURJPY trade.
Can comment and criticize, all in the spirit of better good.
Three Amigos Quantitative Price Action. Volume.
Pure android trading. So no screen shots.
Just candlesticks. No other indis.
Android program used: Metatrader 4 & Alert Forex & Trade Interceptor. .all downloadable from Market /Play.
Draw the H4 bars on paper/book. Advantage, this forces you to pay attention to new highs/lows. Also, easy note-taking, calculating lotsize based on amount of pips counted from Planned entry points to Stop Loss.
For easier reference to the six H4 bars in a day,
they're labelled :
T - start of Tokyo session is inside this bar.
H - Three Amigos combo usually here showing day direction, to be acted upon during E & U bar.
E - start of Europe markets inside.
U - US sessions.
S - US sessions.
A
For any given trading day from M T W R F, any
position taken will be closed BY the end of T bar
on M T W R if TP not hit.
For a position opened on day R, the direction
MAY carry to day F. Price Action would determine
course of action.
Patience. Don't jump the gun till the 3 Amigos are
done.
While Metatrader is used to trade, Trade Interceptor is used for H4 bars analysis for 3 Amigos combo and reference for drawing on paper.
Set Metatrader charts to daily or weekly; Trade Interceptor to H4 timeframe. Important : when choosing pairs in Trade Interceptor, make sure bid/ask price are quoted from FXCM. When configuring charts, choose charts start time of 17:00 EST in H4 timeframe.
So no matter what broker you use, you will be looking at the same H4 charts as major players.
Also, Trade Interceptor has an alarm trigger. Very convenient. But in case it fails, we have Alert Forex for backup.
Mainly EURJPY trade.
Can comment and criticize, all in the spirit of better good.
Agi Idup Agi Ngelaban."When you win, say nothing, when you lose,say less"