Dislikedhow do you use the template , how do you find turning points , little explanationIgnored
Let’s profit together - continuations and turning points
- #84
- Edited 2:27pm Jun 9, 2018 2:17pm | Edited 2:27pm
Hi Calebfx, I do not understand indicators provided by you. .. Please share little info on given indicators.. When to enter a trade? what to look for... Thanks again.
1. Be aware of high impact news of every trading day.
2. After that you observe the market every hr or 30 mins if you love screen time, I take signals of the M30 chart mostly and look for price to make a move against what most traders would consider a good trade, this process is called a stop hunt.
3. Now No.2 is easier said than done, I myself paid for it on EU short this week but did later short it at the right price. Now after this stop hunt you wait for a candle to close above or below the MA 14(trust me I hate moving averages but I was told something quite impressive about them so here is one back on the chart aye) but that said candle has to either close above, below or bounce off a pivot level and also do the same on the bobokus fibo.
4. The daily open line indicator serves as your immediate S/R line, the H4 open line indicator which is called the q open line indi also helps you choose a bias.
5. The boxbreakout_1.03 nmc indicator helps you with ADR, you can also create boxes that could serve as price range, example if you need to see price reaction when it closes outside the time range of NY close to London open, here is a picture example of such boxes
So it is in your best interest to watch how price reacts when all the 5 are put into consideration before you choose a bias, it has to be close to a pivot line or bobokus line because on these lines we find price clusters.
Above all remember trading is patience, I wasn't so patient this week and paid for it but recovered all loses and close 15% higher because of my Money management, next week is quite a busy week for me as I do have a business to run as well as trading but would try post trade calls everyday on here if I can, I encourage you to post trades you would like to take as well as that is the fastest way to learn, learning through experience.
Goodluck and cheers.
Read in between the price!!!
- #87
- Jun 11, 2018 10:02am Jun 11, 2018 10:02am
You made me miss the up move in usdcadtalking about late bulls wasn't to late lol.. but thanks for sharing your tpl and indicators I'm really feeling that boxbreakout indicator
Hey there , I really need some help with the provided indicators I hope you can help me out 
So regarding daily open line @celebfx when you said to change indie or what word was it for that indicator -6 did you mean as shown on the screenshot? ( English is not my native language please bare with me
)
Then on your template your candles are grey and white now what I'd like to know is what are the green/red ones mean when they appear sometimes?
Then there's also in the lower right corner SP:1.9 which is red right now what does that tell me?
And last two questions what do you mean by stop hunt? Is it the smart money thing? They do that so traders will hit their SLs? Is there anything here that is indicating those areas or something?
And the last one there's a vertical line over the graph with an orange time shown down there on that ''time line'' on the bottom, does that show me when the certain session started? there was also a green one on another chart my guessing would be that am I right?
Yes I'm a newbie been trading only for the last 2 months came really close to blowing up my account for the first time sitting on 5$ balance right now
To be honest I don't understand 90% of the things shown to me by these indicators but I will do my best to google those things out.
Thank you enormously for this thread!!! I hope you can help me out in here
Oh and that red trend line at least it seems to me like a trend line I didn't put it there what is that
So regarding daily open line @celebfx when you said to change indie or what word was it for that indicator -6 did you mean as shown on the screenshot? ( English is not my native language please bare with me
)Then on your template your candles are grey and white now what I'd like to know is what are the green/red ones mean when they appear sometimes?
Then there's also in the lower right corner SP:1.9 which is red right now what does that tell me?
And last two questions what do you mean by stop hunt? Is it the smart money thing? They do that so traders will hit their SLs? Is there anything here that is indicating those areas or something?
And the last one there's a vertical line over the graph with an orange time shown down there on that ''time line'' on the bottom, does that show me when the certain session started? there was also a green one on another chart my guessing would be that am I right?
Yes I'm a newbie been trading only for the last 2 months came really close to blowing up my account for the first time sitting on 5$ balance right now
To be honest I don't understand 90% of the things shown to me by these indicators but I will do my best to google those things out.
Thank you enormously for this thread!!! I hope you can help me out in here
Oh and that red trend line at least it seems to me like a trend line I didn't put it there what is that
