{quote} Keep on going
Trading Institutional Order Flow
Hello Akt.
I have a question on multiple time frame analysis.
Say I decided to be a day trader so my time frame sequence is daily, 4 hour and 1 hour.
So I identified a SD zone on daily chart and when price enters in daily zone I go to 1 hour chart and identify a brand new area of of zone with the help of momentum trend line break or engulfing of two opposing areas with in the daily zone and then enter on these fresh and original zone of one hour chart. Is I am right and how I utilise 4 hour chart. Please say some thing on time sequence.
Thank you.
I have a question on multiple time frame analysis.
Say I decided to be a day trader so my time frame sequence is daily, 4 hour and 1 hour.
So I identified a SD zone on daily chart and when price enters in daily zone I go to 1 hour chart and identify a brand new area of of zone with the help of momentum trend line break or engulfing of two opposing areas with in the daily zone and then enter on these fresh and original zone of one hour chart. Is I am right and how I utilise 4 hour chart. Please say some thing on time sequence.
Thank you.
If opportunity doesn't knock, build a door...
- #7,753
- Oct 4, 2019 4:56am Oct 4, 2019 4:56am
- | Commercial User | Joined Jan 2016 | 2,682 Posts
Be careful what you think because your thoughts run your life..Solomon
- #7,754
- Oct 4, 2019 5:05am Oct 4, 2019 5:05am
- | Commercial User | Joined Jan 2016 | 2,682 Posts
Be careful what you think because your thoughts run your life..Solomon
- #7,755
- Oct 4, 2019 5:17am Oct 4, 2019 5:17am
- | Commercial User | Joined Jan 2016 | 2,682 Posts
{image} Momo shifted ... Buy limit on RBR .. 1:2 RR away Trend is Up
Thank you for your charts on NZDUSD.
if i may, there is some concern about going long in this market given what the big picture chart shows
I have attached a weekly chart for you to consider. It may help in giving context to the proposed long idea.
Please understand, the long may work but that is not as relevant as following guidelines and rules that one can repeat going forward.
best wishes
Be careful what you think because your thoughts run your life..Solomon
- #7,756
- Oct 4, 2019 6:41am Oct 4, 2019 6:41am
{quote} Hello kimosabyy Thank you for your charts on NZDUSD. if i may, there is some concern about going long in this market given what the big picture chart shows I have attached a weekly chart for you to consider. It may help in giving context to the proposed long idea. Please understand, the long may work but that is not as relevant as following guidelines and rules that one can repeat going forward. best wishes {image}
My bad i forgot to show HTF curve ... that is in demand ... Not fresh Demand but it still holds, therefore my thought process said " NO SHORTS allowed" ... and jumping down to my entry TF which is H4 showed me a clear demand of 1:2 RR that gives me a good Profit Margin
- #7,758
- Oct 6, 2019 4:23am Oct 6, 2019 4:23am
- | Commercial User | Joined Jan 2016 | 2,682 Posts
{quote} Keeping in mind that H4 is starting to transition within the Weekly Curve ... " every Object in a state of uniform motion tends to remain in that state of motion unless an external FORCE (HTF CURVE) is applied to it " No ? correct me if i'm wrong @AKT
Our price information is quite different.
My charting package has weekly demand lower and fresh. It's Oanda's feed. Forex.com as you posted is quite different.
With regards to momentum, you are quite right but the question is, which momentum is likely to be stronger - weekly momentum to the downside or 4hr momentum to the upside.
In addition, there is a RBD supply zone on the weekly chart that would be nice to remove before longs are considered higher probability, especially given the pressing downside momentum on the weekly and daily charts.
Having said all that, this 4hr may well be the beginning of the turn back up. I guess i am just more conservative in approach, waiting for evidence on a slightly bigger timeframe.
Hope that helps
best wishes
Be careful what you think because your thoughts run your life..Solomon
- #7,759
- Oct 6, 2019 7:06am Oct 6, 2019 7:06am
- | Commercial User | Joined Jan 2016 | 2,682 Posts
Hello everyone
For the coffee drinkers in the room, a look at Starbucks, ticker symbol SBUX.
A bit more of a deep dive analysis looking at SBUZ and its relative strength. Hope it helps in breaking down some of the level of analysis worth doing (if you have time) when looking at stocks in particular.
best wishes 
For the coffee drinkers in the room, a look at Starbucks, ticker symbol SBUX.
A bit more of a deep dive analysis looking at SBUZ and its relative strength. Hope it helps in breaking down some of the level of analysis worth doing (if you have time) when looking at stocks in particular.
best wishes
Be careful what you think because your thoughts run your life..Solomon
