Short GU, +6.8 total. Explanation on chart
PVSRA Scalping with Cigarguy
- #12,422
- Feb 21, 2018 10:29am Feb 21, 2018 10:29am
- Joined Jan 2007 | Status: Senior Member | 6,517 Posts
Short GU, +6.8 total. Explanation on chart {image}
Leave some pips for others...lol...
Keep It Simple
- #12,425
- Feb 21, 2018 10:38am Feb 21, 2018 10:38am
- Joined Jan 2007 | Status: Senior Member | 6,517 Posts
{quote} Agree! It gives us more clues about what MMs are doing
Then training and experience come into play..
Keep It Simple
- #12,427
- Feb 21, 2018 12:23pm Feb 21, 2018 12:23pm
- Joined Jan 2007 | Status: Senior Member | 6,517 Posts
{quote} Hello, I would like to subscribe
CG
Keep It Simple
- #12,430
- Edited 2:01pm Feb 22, 2018 7:50am | Edited 2:01pm
- | Joined Jul 2017 | Status: Trader | 94 Posts
We have data in 3 periods of time (Present, Past and Future).
Present: This is the current price, and I do not think there is anyone who trade only with this.
Future: This is the order book, which in my opinion is what the big players use. I do not have time or money to dedicate myself to this.
Past: Here is where we are and almost all retail traders. The only thing we can do is see how the price has been in the past and try to predict what it will do in the future.
With this we can conclude that Moving Average is as lagging as the Candle and the Volume.
You can say: "Yes, but the dragon uses 55 1M Candle"
One of the things that is very profitable for us is to use multiple timeframes, but to be changing between timeframes and analyzing each of these can be tedious. But let's see the Moving Averge:
Let's take a 1M chart and remove the candle.
Now let's change the candle of 1H chart and 4H chart to line
Let's adjust the sizes and voila:
WOW, in the 1M chart you also have the 1H and the 4H. And not only that, you can see how they interact with each other! Wonderful!!.
Present: This is the current price, and I do not think there is anyone who trade only with this.
Future: This is the order book, which in my opinion is what the big players use. I do not have time or money to dedicate myself to this.
Past: Here is where we are and almost all retail traders. The only thing we can do is see how the price has been in the past and try to predict what it will do in the future.
With this we can conclude that Moving Average is as lagging as the Candle and the Volume.
You can say: "Yes, but the dragon uses 55 1M Candle"
One of the things that is very profitable for us is to use multiple timeframes, but to be changing between timeframes and analyzing each of these can be tedious. But let's see the Moving Averge:
Let's take a 1M chart and remove the candle.
Now let's change the candle of 1H chart and 4H chart to line
Let's adjust the sizes and voila:
WOW, in the 1M chart you also have the 1H and the 4H. And not only that, you can see how they interact with each other! Wonderful!!.
- #12,436
- Feb 22, 2018 11:37am Feb 22, 2018 11:37am
- Joined Dec 2015 | Status: Trader | 2,586 Posts
Waiting for dragon M5 is in position down. After this i look for a possible entry in M1. I like to prefer trade with direction and near the dragon. I wait until if these conditions are right.
Perfection is the enemy of good enough!
Waiting for dragon M5 is in position down. After this i look for a possible entry in M1. I like to prefer trade with direction and near the dragon. I wait until if these conditions are right. {image}
