atheer1
2
- #8,342
- Edited 6:49am Jan 8, 2019 6:38am | Edited 6:49am
- Joined Feb 2011 | Status: Trader | 6,018 Posts
- #8,345
- Jan 8, 2019 9:05am Jan 8, 2019 9:05am
- Joined Nov 2013 | Status: Trader | 2,780 Posts
It's in fear when people show what they truly value.
- #8,346
- Jan 8, 2019 9:17am Jan 8, 2019 9:17am
- Joined Jun 2010 | Status: Trader | 16,699 Posts
ITB - Seeing Orderliness amongst 'Randomness'
- #8,347
- Jan 8, 2019 9:28am Jan 8, 2019 9:28am
- Joined Jun 2010 | Status: Trader | 16,699 Posts
ITB - Seeing Orderliness amongst 'Randomness'
- #8,348
- Jan 8, 2019 9:47am Jan 8, 2019 9:47am
- Joined Jun 2010 | Status: Trader | 16,699 Posts
ITB - Seeing Orderliness amongst 'Randomness'
- #8,349
- Jan 8, 2019 11:45am Jan 8, 2019 11:45am
- Joined Jun 2010 | Status: Trader | 16,699 Posts
ITB - Seeing Orderliness amongst 'Randomness'
- #8,350
- Jan 8, 2019 12:08pm Jan 8, 2019 12:08pm
- Joined Nov 2013 | Status: Trader | 2,780 Posts
It's in fear when people show what they truly value.
- #8,352
- Jan 8, 2019 4:22pm Jan 8, 2019 4:22pm
- Joined Nov 2013 | Status: Trader | 2,780 Posts
It's in fear when people show what they truly value.
- #8,354
- Jan 8, 2019 9:53pm Jan 8, 2019 9:53pm
- Joined Jun 2010 | Status: Trader | 16,699 Posts
ITB - Seeing Orderliness amongst 'Randomness'
Morning..
Since i'm very newbie in this such thing, i hope you don't mind if i post some noob question regarding Support and Resistance
I try to identify support and resistance zone with grid line.
And from picture above, most of them is based on wick rejection, but in yellow circle there is no wick, because i think every candlestick is time based picture, if 2 bars in that yellow circle is on 2H chart then it will be displayed as candle stick with lower wick.
My question is:
1. If we look at every grid line and look back to history far back to the left, then most of them if not all, can be identified as S/R, So how do you identified Important S/R?
if you say look at higher time frame S/R, let's say D1 chart. Then if we identified S/R from chart history to current day, it will be S/R on every grid line.
If you say, important S/R is the most recent S/R that recently rejected or broken. Then it will make sense for me.
2. If we talk about this candlestick chart, which is time based chart, with many broker difference time zone, then it will be difference candlestick pattern in H4, D1, especially in Open and CLose price. Some broker will close sooner its D1 bar, or H4 bar. It is not problem with its high and low i think. Do you guys using like D1 open line? What timezone are you using, is it Sydney open? How reliable that Open line? or do you only use High and Low
3. If lets say we have identified the Strong important S/R line. then the next question is, will it break or reject? so we look at the candle reaction in lower time frame? What is the explanation of the reaction? is it how candle form HL and LL from that strong R line?
Wow, it looks like i need to learn English more, i am afraid i can't elaborate my question correctly, but i hope you can answer it for me.
Thank you in advance
Hi inthebox, greeting from your neighbor country.
Maybe you didn't notice that i subscribed to you earlier before subscribed to this thread.
I found your posting when i search for how to trade in lower time frame, then immediately i subscribe. ahhaha
I know i will learn much from you and every expert in this thread.
I will read that for sure.
Thanks a lot..
Since i'm very newbie in this such thing, i hope you don't mind if i post some noob question regarding Support and Resistance
I try to identify support and resistance zone with grid line.
And from picture above, most of them is based on wick rejection, but in yellow circle there is no wick, because i think every candlestick is time based picture, if 2 bars in that yellow circle is on 2H chart then it will be displayed as candle stick with lower wick.
My question is:
1. If we look at every grid line and look back to history far back to the left, then most of them if not all, can be identified as S/R, So how do you identified Important S/R?
if you say look at higher time frame S/R, let's say D1 chart. Then if we identified S/R from chart history to current day, it will be S/R on every grid line.
If you say, important S/R is the most recent S/R that recently rejected or broken. Then it will make sense for me.
2. If we talk about this candlestick chart, which is time based chart, with many broker difference time zone, then it will be difference candlestick pattern in H4, D1, especially in Open and CLose price. Some broker will close sooner its D1 bar, or H4 bar. It is not problem with its high and low i think. Do you guys using like D1 open line? What timezone are you using, is it Sydney open? How reliable that Open line? or do you only use High and Low
3. If lets say we have identified the Strong important S/R line. then the next question is, will it break or reject? so we look at the candle reaction in lower time frame? What is the explanation of the reaction? is it how candle form HL and LL from that strong R line?
Wow, it looks like i need to learn English more, i am afraid i can't elaborate my question correctly, but i hope you can answer it for me.
Thank you in advance
{quote} hi, basically is the same concept, ie. trading at previous levels of swing high swing low (support/resistance, supply/demand). for me, i prefer to see the day/h4 swing. to save you time read the first 50 posts of this thread, then jump to post 5727 https://www.forexfactory.com/showthr...9#post11475749 and read a bit more to see atheer's concept. if you are trading lower time frame, you still can use the d1/h4 swing for setups. however one has to get things in perspective ........ m5 maybe looking for 7 - 15 pips...
Maybe you didn't notice that i subscribed to you earlier before subscribed to this thread.
I found your posting when i search for how to trade in lower time frame, then immediately i subscribe. ahhaha
I know i will learn much from you and every expert in this thread.
I will read that for sure.
Thanks a lot..
- #8,356
- Jan 9, 2019 12:05am Jan 9, 2019 12:05am
- Joined Jun 2010 | Status: Trader | 16,699 Posts
ITB - Seeing Orderliness amongst 'Randomness'
- #8,358
- Edited 2:24am Jan 9, 2019 2:13am | Edited 2:24am
- Joined Jun 2010 | Status: Trader | 16,699 Posts
ITB - Seeing Orderliness amongst 'Randomness'
{quote} if you have decided m1 trading, then there is no lack of action here https://www.forexfactory.com/showthread.php?t=733939 if you are thinking of getting 10 pips daily with high win rate and small losses, then you have to be very selective. 1. trade only during london open to close. 2. do not trade during red news. if you want to, do it after 45 minutes later. 3. examine the trend and trade in that direction if there is higher high higher low. 4. imperative to cut loss. example yesterday's gbpjpy m5 with m15 fractals. london open...
I really appreciate your help and i hope i can learn more from this thread.
Today i took some 1m trade.
So far is good, but i guess it's just pure luck. Still on demo
From a simple look, market is reversing to downtrend. i guess. hhehe
Should have entered 1 pip above
{quote} Yeah, i had subscribed to that thread because i read you recommended it from you old posting. I really appreciate your help and i hope i can learn more from this thread. Today i took some 1m trade. So far is good, but i guess it's just pure luck. Still on demo {image} From a simple look, market is reversing to downtrend. i guess. hhehe {image} Should have entered 1 pip above
Why?
I miss the fact that, Downtrend momentum is weaker and weaker, forming triangle, so it will be wiser to wait for breakout and start from there looking for any setup