Empty Blank Chart

And, because of this price action, H1 will most likely revise its 46 pip RoR Range to something a bit tighter not to long from now. When it does, we'll monitor its breaking condition just as well.

Taking a quick look at D1 (changed the H4 chart to a D1 chart), you can see which side the the RoR Range has the more favorable condition for a trade. The D1 has been essentially a falling Ginsu Knife for the past 4+ D1 cycles:

D1 Focus on Multi-Chart

M15 generates new RoR of roughly 7 pips while in its own Short side trade from its previous RoR Range (see M15 pic prior to this newer range being established):

H4 now +5
M15 now +2
M30 now roughly BE
H1 has a really big RoR to traverse and I doubt seriously that large an RoR Range will remain intact before H1 generates something more narrow

Hi JetTrader, I can see after reading your thread to completion what your sharing has much merit for the new trader as well as the more experienced traders. I can also see if the new traders would start out following what your sharing he/she would most likely save themselves many lost pips. For many its going to be hard to give up the flash & glitter that clutters most new traders charts. What your sharing I think I understand, but not totally as I'm sure the other parts not covered will no doubt get harder to understand. Anyway I will be following along as I am always willing to learn what other traders are doing.

Best traders to you.

Again, D1 Magnitude has already been consumed to the downside (Short) for EURAUD. So, everything that is taking place right now is internal range hunting (or, the next D1 session consolidation phase). Therefore, getting good follow through on these Shorts won't be optimal. Just keep that in mind and don't expect super large moves here.

No. You will no be buying your brand new Lamborghini SVJ with these types of moves. But, accumulate enough of them and you can afford a Honda Civic. LOL! Sorry, I just had to.

You get the Lambo by putting yourself in the position of that major H4 RoR that broke overnight. So, all you GMT 00:00 time zone Traders out there - you really had a good one today with H4.

Yeah right ! Save all this bla bla bla and open a t.e, we re not in 2011 anymore

H1 now generates its new temporal Lower Level "B" right here:



New temporal RoR Lower Level "B" shown with a dotted lighter shade of red colored line in pic. This temporal M30 RoR Range is about 9 pips. A significant change from the 46 pip RoR it now has established.

H4 generates a new "Temporal" RoR Range of about 10.3 pips shown here, while still in its previous Short trade (see last pic showing when H4 broke to the Short side):



Note: I did not denote the new "B" Lower Level of the H4 Temporal RoR with a lighter colored red line like I did with the H1 above (just to be clear). I went ahead and simply extended the H4 Lower Level (Red Dashed Line) into the "B" position.

Personally, I would now exit the H4 Short at BE. There simply was not enough D1 Magnitude to carry it through much further. It might, but it is not optimal enough. The H4 PEL would be more to my liking than the H4 PES (PEL = Potential Entry Long, PES = Potential Entry Short - see my last two posts on 2/4/2020 for explanation).

M30 now establishes a new fixed RoR of about 9.8 pips here:



This extends the existing M30 RoR Range but does not terminate the Short trade in theory. Of course, when I just terminated the G4 Short at BE, one might assume that I would also terminate all other Shorts below it. However, that's not the case. The H4 is a bigger time frame and I its breaks typically lead to larger runs. Smaller runs are expected on the smaller time frames and thus, I'm willing to all the Upper Level of the M30 and M15 RoR Ranges to be penetrated.

Again, this lack of follow through is caused primarily due to a lack of available fuel in the D1 Magnitude tank.

I'll go online during my usual production trading time at 5:00 my time (Pacific) or 01:00 GMT tomorrow and try to capture more of the D1 Magnitude in tomorrows session. From today's posts and yesterday's posts, it becomes clear that you need some fuel in the tank in order for break out trades to work optimally.

However, for now, these posts serve as instruction only for how to set up the trade. I'll try to get some live trade done during my regular trading hours. I've taken a few days off after having returned to live trading one month ago. So, being here as been a little break for me from production trading.

New Synchronized Temporal RoR on M15 and M30:

M15 RoR now fixed. M30 still temporal. Both are synchronized.

Don't worry. Just ask questions while I'm on the forum. When I'm gone and can be out for a very long time (like years), LOL! It is a very simple concept. Not designed to be difficult, but to be easily understood by New Traders. It is a simple Break Out Method of sorts, but it uses the Magnitude of time frames that are larger than the time frame being used to set-up the trade. That's the only requirement.

The difference here is that this one uses only the Price Chart oriented on the Close Price. So, the brea out levels are NOT the Highs and Lows of Candles but the Highs and Lows of Close Prices. The Range between those Highs and Lows of Close Prices is also the Risk in the trade as once a trade is entered it is held until the opposing range is breached by the market. This is done through iterations until the market delivers you to the primary move of the day.

You can filter out the trades using whatever tool you have for measuring Magnitude (expected Range) in larger time frames. Fairly simple.

M15 and M30 now form there new Fixed RoR with Synchronized Ranges. Fixed range on both is now 3.3 pips:

Let's zoom out and take a look at a bigger picture using M15:



This is an M15 with an H1 GMMA overlaid. You can see that any break of the M15 RoR Lower Level currently in place runs into an H1 GMMA bottoming out about 15 pips away. A break of the M15 RoR Upper Level currently in place runs into an H1 GMMA's top. That a slower moving H1 GMMA and it presents a form of Resistance - though not a guarantee. This is merely adding one additional layer to the picture - that being the GMMA Indicator.

Now, this GMMA is not exactly the original. This one has been modified by using a T3 smoothing method and a specific number of Lines, including the Maximum Line Count and the Starting Position of the First GMMA Line. So, this is not exactly what you get when you download it from the internet. I only show this so that you can have a bigger picture for the Price Action taking place at the M15 level. This Time Frame is undergoing a compression phase right now. This means RoR Range Breaks, given the lack of available D1 Magnitude to back it up, will be difficult and certainly not optimal at this time.

This once again helps you to understand the huge importance of having sufficient Magnitude in larger Time Frames to support your trades - regardless of what tool you use to enter them.