Hero Traders Live to see their Accounts Die!
Daily candle chart 18,080 replies
Daily Candle On Chart Indicator? 6 replies
Weekly chart with daily candle patterns 2 replies
Day's first H4 candle correlation to daily candle 14 replies
Correlation between first 4 hour candle and daily candle 1 reply
Disliked{quote} Thanks, Simone! By the way, which charting package do you use? It looks good. Best wishes, PaulIgnored
Disliked@Paul A quick note on Fibs, you may find using the fib extension 190.2 as a very very helpful tool for daily and weekly targets.Ignored
Disliked{quote} Hahaha... Yes I have a way of finding my own "PIVOT" levels. Since PIVOT suggests turning point. I go to the Weekly chart and take the Lowest Bearish Bar HIGH of each Swing Low as the Best SELL Levels for the Week and the Highest Bullish Bar LOW as the Best BUY Levels. I also do this on the Daily and Monthly and this gives me a pretty strong idea of the S/R Levels to trade. Hope this explains it. So for example UC just hit the daily SHORT level and sold off and closed strong below a WEEKLY BUY level...meaning likely strong bearish movement...Ignored
Disliked{quote} Greetings Simoneg, Please elaborate bit more on 109.2 fibs and fractals please If you don't mind then with some charts will help ......when and if possible please Thanks in advance RIgnored
Disliked{quote} Hi Simone - hope you are well! One question for you, please: do you mark all three - Monthly, Weekly and Daily - Best BUY and Best SELL levels on your charts on a routine basis? Or do you just mark the Best BUY and Best SELL levels for a couple of timeframes higher than you are trading? That is, if you are trading the H4 chart, do you mark just the Daily and Weekly Best BUY and Best SELL levels? If you are trading the D1 chart, do you mark the Weekly and Monthly Best BUY and Best SELL levels? Even in my limited experimentation with them...Ignored
Disliked{quote} I wish I could respond in voice....I'm driving. I draw the Monthly and weekly levels on my H4 charts and use H4 levels to enter trades based on reactions to those bigger levels. I quickly look at h12 and daily to see where corrections may occur. To give an idea...UC gave H4 short setup and initial entries were on H4 so I assumed the next H4 levels to be my target. With each hourly close I go down to h1to see if there was a close below a Best Sell and add positions/entries there. Hope I have answered your questions.Ignored
DislikedIf I've marked up my charts correctly, there seems to me to be a bit of a battle of the giants going on with the Swissie (USD/CHF) at the moment. A marked upward movement stalled at the Monthly Best SELL level around 0.97730 or thereabouts. The 4-Hour Best SELL level is now in the same area, at about 0.97772, helping create a Resistance zone. Monthly Best BUY beckons at around 0.97883, but if price can't make it up there and close above, looks like the Swissie may short off for a bit. Let's see what Monday brings! {image}Ignored
DislikedLong GU H4 REJECTED BEST SELL. Long NU DAILY REJECTED BEST SELL. Long EU @ 2 H1 Best Sells Being rejected for the last couple of hours. Short UC WEEKLY BEST SELL @ 1.2818 Looking for TP around 1.2700 (Weekly fib 190.2). Would rather wait for Swiss Franc to make at least and H4 statement right now. Always pay close attention to the PA around the levels. Trade well.Ignored
DislikedAll trades triggered and doing well...except EURJPY. This is one reason I do not trade EJ with my mix of pairs. Who will carry it today? Will it be EURUSD or USDJPY? Who knows.Ignored
Disliked{quote} First off Simoneg, thank you for this resource, it’s done nothing but help me further develop my fingerprint in FX trading. I’m still fairly new, and am extremely appreciative in your insight and patience with these posts. do you mind giving bing me some further insight into why you don’t like trading the EJ? I’m just curious, Especially with the who will carry it comment? currently I follow Xauusd and usdjpy, butbwill eventually scan a few pairs once my strat is better defIned. Hence why I ask, some insight into why you avoid...Ignored