So, consider these posts examples of how to set-up the RoR, not necessary a clinic on entries with follow through - simply because of the lack of available D1 Magnitude.
M30 bigger picture:
M30 with H1 GMMA overlay. This shows a similar picture Thus, my overall analysis would be a state of compression for EURAUD in the short term.
Again, adding just one additional tool to the analysis. However, this is not necessary in order to trade RoR Breaks. You just need to have good Magnitude available in a larger Time Frame above that which you are using to set-up the trade in a lower Time Frame. Important to keep that in mind.
M30 with H1 GMMA overlay. This shows a similar picture Thus, my overall analysis would be a state of compression for EURAUD in the short term.
Again, adding just one additional tool to the analysis. However, this is not necessary in order to trade RoR Breaks. You just need to have good Magnitude available in a larger Time Frame above that which you are using to set-up the trade in a lower Time Frame. Important to keep that in mind.
H1 with H4 GMMA bigger picture:
A much different picture seen here. The Market is a long way away from this GMMA structure. The H4 GMMA structure explains why the downward force on EURAUD has been so forceful. As the Market moves a certain distance away from this H4 GMMA structure, the potential for reversal to the upside increases. Again, this influences how H1 RoR Range Breaks will behave. Another layer for analysis. But, still - having good and sufficient D1 Magnitude helps in determining when to accept RoR Range Breaks in lower Time Frames.
A much different picture seen here. The Market is a long way away from this GMMA structure. The H4 GMMA structure explains why the downward force on EURAUD has been so forceful. As the Market moves a certain distance away from this H4 GMMA structure, the potential for reversal to the upside increases. Again, this influences how H1 RoR Range Breaks will behave. Another layer for analysis. But, still - having good and sufficient D1 Magnitude helps in determining when to accept RoR Range Breaks in lower Time Frames.
Multi-Layer Analysis using H1 and H4 GMMA and RoR Range Breaks:
Using two layers of GMMA in the analysis of potential H1 RoR Break. This shows that both GMMA structures are weighing in to the downside. H4 (the larger structure) GMMA more recent in its break to the downside and H1 (the smaller structure) shows that it rotated downward two (2) full days ago. You can clearly see which H1 RoR Range Breaks worked out the best. They were the easiest trades to make and most of them were to the Short side which should be no surprise when viewing a "bigger picture."
Again, adding tools to the analysis of RoR Range Breaks. You can add your own tools to do your own RoR Range Break Analysis.
Using two layers of GMMA in the analysis of potential H1 RoR Break. This shows that both GMMA structures are weighing in to the downside. H4 (the larger structure) GMMA more recent in its break to the downside and H1 (the smaller structure) shows that it rotated downward two (2) full days ago. You can clearly see which H1 RoR Range Breaks worked out the best. They were the easiest trades to make and most of them were to the Short side which should be no surprise when viewing a "bigger picture."
Again, adding tools to the analysis of RoR Range Breaks. You can add your own tools to do your own RoR Range Break Analysis.
Lastly, using a Lower Time Frame's Tool in differential analysis with a Higher Time Frame's Tool:
This uses the M15 GMMA in differential analysis with the H4 GMMA. The yellow circle shows interaction between the M15 and H4 structures. The blue box shows one of the RoR Range structures. Note how all three of these things interact with each other at the same time. M15 GMMA crosses under H4 GMMA while the Market produces a nice RoR Range structure to be exploited to the downside back on 2/4/2020 during European Trading Hours.
Again, layering of decision support tools can help you make better RoR Range Trades. But, the trade still requires available unspent Magnitude in a higher Time Frame, no doubt.
This uses the M15 GMMA in differential analysis with the H4 GMMA. The yellow circle shows interaction between the M15 and H4 structures. The blue box shows one of the RoR Range structures. Note how all three of these things interact with each other at the same time. M15 GMMA crosses under H4 GMMA while the Market produces a nice RoR Range structure to be exploited to the downside back on 2/4/2020 during European Trading Hours.
Again, layering of decision support tools can help you make better RoR Range Trades. But, the trade still requires available unspent Magnitude in a higher Time Frame, no doubt.
I'm exactly one hour late today for a fairly good reason. I typically like to be on-time for anything related to Trading. However, someone in this thread (A Troll) made a really good point. He or She (most Trolls are Male by the way) insinuated that I was doing nothing more than babbling ("Blah, Blah, Blah") in this thread and that I should open up a "T.E." as this was no longer the year "2011." Well I've decided that he was spot on correct. Not only was he a Troll, but he was very inspirational.
So, I've decided to shut this thread down. That's right. I'm shutting it down. Newb Traders will just have to get along without my babbling in this thread anymore. Because............. wait for it.............. wait for it............... wait for it..............
I will create a YouTube Channel and Live Stream through another thread here called: Troll Trades R' Us, in loving memory of the Forexfactory Troll who inspired it. In other words, don't ever @%@$% with a Real Trader when he's trying to help New Ones. (Of course, I'm not that inane. So, I will probably find a suitable name that protects the integrity of the Business and the Industry that I love, enjoy and have worked in for the last 17 years.)
Ok, that's it for today. I've got to go learn about OBS and YouTube Streaming, how they work together, how to optimize them and how to set-up Live Streaming so that it works well for the viewers/Traders. I'll post back on Forexfactory when I'm done. You will simply see a thread where page number one contains the Live Stream.
See ya!
Oh, here is the last manually placed pic in this thread and the results from the respetive RoR Range Trades:
And, with that, I'l shut down my participation in this thread.
So, I've decided to shut this thread down. That's right. I'm shutting it down. Newb Traders will just have to get along without my babbling in this thread anymore. Because............. wait for it.............. wait for it............... wait for it..............
I will create a YouTube Channel and Live Stream through another thread here called: Troll Trades R' Us, in loving memory of the Forexfactory Troll who inspired it. In other words, don't ever @%@$% with a Real Trader when he's trying to help New Ones. (Of course, I'm not that inane. So, I will probably find a suitable name that protects the integrity of the Business and the Industry that I love, enjoy and have worked in for the last 17 years.)
Ok, that's it for today. I've got to go learn about OBS and YouTube Streaming, how they work together, how to optimize them and how to set-up Live Streaming so that it works well for the viewers/Traders. I'll post back on Forexfactory when I'm done. You will simply see a thread where page number one contains the Live Stream.
See ya!
Oh, here is the last manually placed pic in this thread and the results from the respetive RoR Range Trades:
And, with that, I'l shut down my participation in this thread.
I'm exactly one hour late today for a fairly good reason. I typically like to be on-time for anything related to Trading. However, someone in this thread (A Troll) made a really good point. He or She (most Trolls are Male by the way) insinuated that I was doing nothing more than babbling ("Blah, Blah, Blah") in this thread and that I should open up a "T.E." as this was no longer the year "2011." Well I've decided that he was spot on correct. Not only was he a Troll, but he was very inspirational. So, I've decided to shut this thread down. That's...
I was monitoring the same trade as yours but was using harmonics and MAs for the best price Euraud to go up.
Below is my analysis, wait for price to touch sma 400 (pink) :
Ignore the trolls and please carry on the thread...
Thank you!