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EURUSD

  • #1,167,781
  • Apr 29, 2020 7:24am Apr 29, 2020 7:24am
Quoting Moty
{quote} the expectation is for bad news {image}
listen to radio bloomberg like i do, you get expert opinion free

and m5 chart plots the trend as it starts so you get early entry
  • #1,167,782
  • Apr 29, 2020 7:29am Apr 29, 2020 7:29am
Quoting 4experience
{quote} ...high TF are not more reliable than smaller...{image}
Actually, they are. They have less noise, and therefore, give more reliable signals. The best thing is to use the higher time frames for market direction and then enter on the lower time frames.

Having said that, you would probably find this indicator very useful: VWAP Plus for MT4

Note: it only works on the 5 minute chart. And I would have it on a separate window to avoid complications. In other words, you can have two EURUSD (or any other pair) charts open, one for higher time frames and the other strictly for 5 minute. You could put the VWAP Plus on the one that is 5 minutes.
Learn from your mistakes and march on.
  • #1,167,783
  • Apr 29, 2020 7:33am Apr 29, 2020 7:33am
Quoting kuroro001
{quote} What are you blabling? If not happy, feel free to leave the thread and make your own ...lady
Ignore him, put him on ignore list like I did, he did ignore me too. He thinks he knows everything. My advice, just ignore him.
  • #1,167,784
  • Apr 29, 2020 7:35am Apr 29, 2020 7:35am
Quoting 4experience
{quote} I can tell you that I have tested all the TF possible and my conclusion is that high TF are not more reliable than smaller and when you use high TF your SL is higher. Each of us needs to find a way in trading that fits himself. At this moment I only loose few pips, as soon as the movement will leave I will be in, and I will win more pips. My goal is to be in H4 move with a position taken in M5 TF. But my trading needs trend. I do not like range. I am happy if my broker is happy, if I am happy too. {image}
Absolutely not true. Higher TF are very good. If you are looking at for example daily levels, price action, supply/demand whatever you want to call the strategy, you go down on 1 Hr TF and you can see a very good entry buy or sell. The lower TF are very hard. The market turns quickly and you really have to be careful. Pretty much get in and get out, that kind of a thing. They are both good and profitable higher or lower TF's, it just depends what kind of trader you are. Trade safe.
  • #1,167,785
  • Apr 29, 2020 7:40am Apr 29, 2020 7:40am
Quoting here2there
{quote} Actually, they are. They have less noise, and therefore, give more reliable signals. The best thing is to use the higher time frames for market direction and then enter on the lower time frames. Having said that, you would probably find this indicator very useful: VWAP Plus for MT4 Note: it only works on the 5 minute chart. And I would have it on a separate window to avoid complications. In other words, you can have two EURUSD (or any other pair) charts open, one for higher...
The lower time frames can be far more accurate than the higher ones.
However, I guess it depends on your method.
  • #1,167,786
  • Apr 29, 2020 7:45am Apr 29, 2020 7:45am
Quoting AmmaBoss
{quote} The lower time frames can be far more accurate than the higher ones. However, I guess it depends on your method.
The accuracy of lower time frames is due to higher time frames accuracy. I will attach the charts. You will see how on a daily the trend is changing and looking down on 1 HR TF, that is where you would enter a buy for example.
Attached Image(s) (click to enlarge)
Click to Enlarge Name: EURUSDDaily.png Size: 86 KB
Click to Enlarge Name: EURUSDH1.png Size: 90 KB
  • #1,167,787
  • Apr 29, 2020 7:46am Apr 29, 2020 7:46am
Someone was busy looking for my stops
Attached Image (click to enlarge)
Click to Enlarge Name: Screenshot_20200429-144540_MetaTrader 4.jpg Size: 308 KB
99.9% persistence
  • #1,167,788
  • Apr 29, 2020 7:48am Apr 29, 2020 7:48am
Quoting AmmaBoss
{quote} The lower time frames can be far more accurate than the higher ones. However, I guess it depends on your method.
In terms of giving more reliable market direction signals, no. In terms of working with a proven scalping strategy, yes. But I have yet to find a reliable scalping strategy that outperforms a strategy that utilizes higher time frames.

Frankly, I think scalpers are just creating unnecessary stress for themselves.

If you enjoy that kind of trading, then feel free to keep doing it. It's not for me.
Learn from your mistakes and march on.
  • #1,167,789
  • Apr 29, 2020 7:49am Apr 29, 2020 7:49am
three days data in a single m5 chart, helps me visualize longer term trend in a cool way

it all depends on candle size not time frame

if you zoom in too much, even a weekly candle is useless
Attached Image (click to enlarge)
Click to Enlarge Name: EURUSDM5.png Size: 41 KB
  • #1,167,790
  • Apr 29, 2020 7:51am Apr 29, 2020 7:51am
Quoting Moty
{quote} the expectation is for bad news {image}
Bad news=long usd?
  • #1,167,791
  • Apr 29, 2020 7:52am Apr 29, 2020 7:52am
Well nothing much came out of this news so far. Next major news at 2pm. Now just relax and watch the market.
  • #1,167,792
  • Apr 29, 2020 7:54am Apr 29, 2020 7:54am
Quoting Techanalyst
{quote} The accuracy of lower time frames is due to higher time frames accuracy. I will attach the charts. You will see how on a daily the trend is changing and looking down on 1 HR TF, that is where you would enter a buy for example. {image} {image}
I have traded 1000's of trades on sub-1-minute time frames, In terms of accuracy, the lower time frame is just as good if not better than the higher time frame.
The only issue with the lower time frame is the spread.
The broker on average takes 70% - 90% of my profits despite this however at one point I was able to recover 3 years of losses in about 1-month trading the smaller timeframes, this is while paying the broker 80% my profits.
On the image below you can see what a bad trading day looks like I pay the broken 45 points and only profited 2.
Attached Image (click to enlarge)
Click to Enlarge Name: Screenshot1.png Size: 51 KB
Attached Image
  • #1,167,793
  • Apr 29, 2020 7:54am Apr 29, 2020 7:54am
H1 still some momentum with support
H4 fighting tru resistance
will see in few ours
Attached Image (click to enlarge)
Click to Enlarge Name: 228F81CD-FFFE-454D-BFBB-50F24F145632.jpeg Size: 1.2 MB
  • #1,167,794
  • Apr 29, 2020 8:05am Apr 29, 2020 8:05am
Quoting b0ga
{quote} Bad news=long usd?
forget the news .
only tecnical .
btw . bad news , long eur , short dollar
Attached Image (click to enlarge)
Click to Enlarge Name: euh1.png Size: 32 KB
yes yes yes
  • #1,167,795
  • Apr 29, 2020 8:05am Apr 29, 2020 8:05am
WTH is going on ... EU is going crazy at the moment it should come down
Work Hard In Silence, Let Your Success Be Your Noise.
  • #1,167,796
  • Apr 29, 2020 8:07am Apr 29, 2020 8:07am
Quoting zuluremys
Someone was busy looking for my stops {image}
Take ur trade. My stop loss hitted badly Another rookie who failed me.
  • #1,167,797
  • Apr 29, 2020 8:09am Apr 29, 2020 8:09am
the crooks are here .
draw a fake h&s and went for the inverted
Attached Image (click to enlarge)
Click to Enlarge Name: eu15.png Size: 37 KB
yes yes yes
  • #1,167,798
  • Apr 29, 2020 8:10am Apr 29, 2020 8:10am
Quoting b0ga
{quote} Bad news=long usd?
hahaha

That's the irony of it all! And that is why The News should only play a small part in a trader's strategy, unless it is Black Swan type news like what happened with the coronavirus.
Learn from your mistakes and march on.
  • #1,167,799
  • Apr 29, 2020 8:12am Apr 29, 2020 8:12am
Quoting keep4x
WTH is going on ... EU is going crazy at the moment it should come down
Scalpers are stressing themselves out. When they are finished, then we (higher time frame people) can get back to business. lol

By the way, there is no 'should come down' or 'should go up' in the market. The market does what it wants to. It doesn't care about our emotions. We just need to be patient and wait for it to tell us what to do.
Learn from your mistakes and march on.
  • #1,167,800
  • Apr 29, 2020 8:20am Apr 29, 2020 8:20am
Quoting here2there
{quote} Scalpers are stressing themselves out. When they are finished, then we (higher time frame people) can get back to business. lol By the way, there is no 'should come down' or 'should go up' in the market. The market does what it wants to. It doesn't care about our emotions. We just need to be patient and wait for it to tell us what to do.
thank god i'm in scalper list at the moment lol
well agree with u, markets does not listen us but good home work play big role in our trading ..
Work Hard In Silence, Let Your Success Be Your Noise.
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