SilentFathers Trading Ideas

2022 EDIT:

Here are new ideas I had.

Post 1 - https://www.forexfactory.com/thread/...6#post14127956
Post 2 - https://www.forexfactory.com/thread/...0#post14127980 (My favourite, even tho it does not plot signals like crazy... )


Hi everyone, this what I'm willing to show you is something I made years ago. It will also be something like my own diary, because I tend to break my own rules. Which is bad of course. So, what you will find in this thread? // Please, thread is constantly updated because I cannot remember everything what I want to show you in 10 minutes. Keep this in mind and check it regularly, Thank You.

\\ Updated for the indicator (cTrader version.. My own old version, I will make new one later but it is not needed right now) //

1. You will understand why trading ticks is much better than using any minute/hourly chart
2. Different way to place S/R lines & Trend Lines (Only showcase, for now.. )
3. You will learn how to make powerful resistance or support just by using two or three candles!

There is much more to show you.. I'm so happy with everything, because everything is amazing and nobody use it. Because no one see .. If you understand.. I will show you this for now. I can't even show you everything, possibilities are endless.

Let's see simple resistance... 1H chart vs 50 tick charts. Don't mind the blue indicator below & above price. I will explain this later on. You will be amazed what this thing can do.

I must apologize guys, let me please end this now, because of my PC problems and less time. I will continue this thread with new posts. This is not some one time thing, this will take time. And you will understand.

On the chart below, check how you can trade the left chart (50 tick) vs right chart where only 1H chart is used. You cannot see a reversal, but on left side, you can! This is main point here you need to understand. And more powerful the move is, less tick chart you need. Even one minute is NOT enough in these cases! To clarify this, to see reversals in NFP move, you need 5 or 10 ticks chart. One minute is not useful here.

I know this is boring so far, but I will start from the beginning here. So you will understand. I can't get to the core, you will be lost. But I promise it will be worth your time

Check the difference on last two charts. You understand? I plotted two arrows just to show you where you can go sell. You can see that price is lazy to beat that level. Even smallest hesitation of the price is useful for us. I will prove this as time goes by..

By the way, this is mostly price action. Well.. It is only price action, to be honest. This blue indicator I will explain later on. And you will be most probably blasted by things you can do with such banal thing.

Useful posts:
https://www.forexfactory.com/showthr...0#post11456310

Now, after few hours of thinking, I am going to show you how you can predict and trade reversals from the beginning! Check this picture and be amazed. Only with simple price action and one indicator, it is possible to get completely amazing support / resistance lines. I will show multiple examples for sure later.

Guys ask me any question you want to know. It will be needed. I need to know you understand this so far.

Updated post with tick chart. You can see how you can trade this here. It is not possible on 1 hour because you cannot see the micro movement, but on ticks you can!

When you trade tick charts, you need to trade them like it is one hour chart. You can see the trend there. Reversals also..

this indicator looks like a ma shifted to the upside and downside of the actual price.

Interesting..please go on

Subs. Thanks and
Regards

It looks like yeah. I will tell how this one works so everyone can use it. It is really better to use as S/R. Im going out now but will continue this thread later. :3

Thank you SilentFather.
Keep going on

SilentFather,

Interesting concept so far but is the ticks option rather than the hourly timeframe available on MT4 platform?.

Also, you mentioned an indicator, I guess all that is still coming.....

Thank you so far.

His charts look to be off cTrader.

this looks interesting, waiting for more info...

Yes guys. Charts are from cTrader. MT4 offers tick charts with custom indicators, plus you will never get history ticks in MT4. At least I never saw indi that is saving that because if such thing exists, when your PC is off, you will have gaps in charts. So no point in using MT4 for ticks. Another option is to use ctrader as charting app and MT4 for trading. But I already changed MT4 for cTrader because I believe it is much faster. At least from trading perspective I never had any problems like slippage etc..

Here is another example of support / resistance. You can create a trendline instead of horizontal line. Almost everytime you can get a great reversal point even on higher TF's. I still recommend checking lower TF as 1 minute or even better - tick charts.

I almost forget to say that bigger the movement is, better the chance that price will reverse. It can sound weird but it is much better than candles with x meters long wicks.

Oh and we NEVER wait for candle to close. You will lose the advantage of zero to very small drawdown. You can see it from chart. If you would enter after the candle is over, you will have drawdown 10 pips. I know.. I know It is not much but the point of this is to make BIG money with smallest drawdown possible. That's the reason I double my account in few days. (Before deleting it)

I'm saying that because you need to know that even with this thing, you can get busted just because you are greedy. I will never hide this. It was my fault and I know it was bad.

Patience is the key here. You need to wait for those levels to trade them. If you for example get a trendline (On H1 chart) and price come to it and you need to get like 2 pips to enter on THE touch of the trendline, you CAN get a trade because it is only 2 pips away. You will endup with like 5 pips stoploss but it will not kill you. Definitely not. To clarify, you will make a TL on 1H chart and then you watch it closely on tick chart. If TL is away for 2 pips or 1, and you see price is slowing down, it is possible price will reverse, so do NOT wait and get into the trade. It might be a good idea. If not, you lost 2 pips more. But who cares, it is 1H chart and your entry was awesome.

Updated post with tick chart for you to see and understand.

In next post, I will explain what you do if the price is coming to a TL or S/R horizontal line but price is moving slowly with tons of wicks. Anyone will know what I mean? Ask me guys, don't worry I will be happy to help! That's why I am here on this forum!

I must be having a thick moment a I don't get it.

Anyway you mention something about a blue indicator …… anymore news on that?

good thread and explanation. step by step. yes I am getting the ideia here. and I also prefer tick charts. keep the good work. wainting for more info about the blue line.

try adding obos levels

It is very easy. Point is that when you create a trendline or S/R horizontal line, you will endup with something like this. Red Line = original way of doing trendlines. What you can see? Yes, the sell signal is quite good. But look at those wicks. But look at blue trendline now. Do you see it? Price touched it and reversed exactly on it. This doesn't happen all the time, but when it happens, you can get reversal that can give you profit of 50 or more pips. Since price and trend is somehow exhausted already. This is what I am counting with. Nice entry with lowest drawdown possible + big profit. That's why I have the bands so much away from the price.

Original trendline = Point 1 & 2 will give you entry on 3 (RED)
My trendline = Point 1 & 2 of blue indicator will give you entry on 4. (BLUE)

Here another example of difficulties I still have with this. I mean the number 1. Price is literally climbing the trendline, but it is not as clean as before. This might happen. But everything can be "fixed" even with simple price action and brain. Or just take a bad trade... You will lose few pips. We are not trading on daily chart with 50 pips SL. 5 pips SL is "nothing". I know, it can hurt but you need to take those loses anyway.

Still being updated.

Ok now I get it.

And although not foolproof it gives you an edge in the market and sometime with Forex that's all you need.

Ok so when do we get to see your blue trend line indicator as opposed to the traditional trendlines that are manually drawn?.

Thanks again

I will give it once done. Shouldn't take long time! It really gives you an edge. Plus no one really watch those levels. They don't even know it exists somewhere. Nothing is bulletproof but it is good enough to actually give you a good entry points.

I said in first post that I will show how to make good horizontal S/R line with only two or three candles. This is it. See how three candles with wicks, created a point for you where price reversed today. It is hard to find these, but they are here. I believe someone already made a thread with similiar thing. It's kinda cute S/R.

To be clear, one wick must be from low to high and second somewhere later from high to low. Wicks should NOT touch much. I added one more picture to show you what I mean. Check those wicks. They created a point where price reverse for at least few minutes. It can be called easy profit.

It is not needed, but someone could like it.