Ramblings of a Forex Junkie

This is a great thread with some nice thoughts.
It's been quiet for long time, did you blow out or move onto to something else?

https://www.forexfactory.com/showthread.php?t=636772

learning more and more from this thread thank you : )

i put the 5 ema over a multi-timeframe atr indicator set to 5 days(this on a 15 minute chart), and noticed the ema exactly conforms to the atr. however, since it only changes once a day the ema does not smooth these steps(i tried the different ma types also)

here are some pictures as per senecas teachings about using logical ma numbers based on blocks of time like hours/days/weeks. the first is the 5 ema over the daily 5 atr. the second is the 96 ema over the daily 5 atr. 96 because there are 96 15 minute periods in one day

which one is recommended?

it seems to me i should only trade off of last weeks close/open on the first test of the week correct? after that for the rest of the week just trade the daily high/lows? ie monday or tuesday will be a test like sp said, then for the rest of the week just trade the daily high/low/open

only thing in question is the previous week high/lows, as i haven't considered them yet but might look at them similar to the previous week close/open, where i would only trade one test per week. the basis of the methodology is the daily levels but i would just like to get some clarification on the weekly levels as this seems the proper way to approach them. any thoughts?

HELLO Senaca,

i wish to know how do you work out key banker/institutional price levels to plot on your mt4 charts (I look at H1/H4/D1)

If you can help with this point it would be appreciated.

Thanksz
Zaf

And 'Stevie'... "Where are you now?"

Hello everyone, first of all, I would like to thank Seneca Pilot for creating this thread some years ago. It has really helped me to see better.
After reading this thread almost two times thoroughly and getting some real good insights, I was wondering if is there anybody still studying these concepts and willing to talk about it.

Cheers

Good morning guys,
I don't know if posting two times in a row is wrong. If it is, forgive me.

I trade the future index in my country (Brasil) for some years (mini ibovespa - winfut), and I've noticed that the ideas of important prices during daily events really seems to work (after researching with all the data available).
I noticed though, that the exact same levels don't show an edge interesting enough to make money (holding the price +-51% of the time for 1/1 returns on 15% percent of the volatility measure for stops (which is the number that shows to work best in my time horizon of 15m).

So, my question is, is there any one of you that trades similar methods based on levels in future indexes?
Did you have to adapt a lot the levels that you use?

I was willing to try sending a pm to Sp or start a thread, but as a new member I'm not allowed to do so.

Cheers,
Lucas.

Blew up his account. Another scammer.

Maybe he got tired of talking to the odd dillbrain. He is active elsewhere if you look.

Since you have changed your Opening to 5pm EST, how do you manage your trades at Daily Open? You used to wait for at least 2 M15 candles to move AWAY from the open and then trade on first touch. Now that your Open is during Asian market, do you still trade the same way? Now instead of the first 2 M15 candles having the backing of the London market, now it's during the Asian market.

Can you maybe tell me why you changed your Daily open time? Or maybe point me in the direction of the post where you started to change your style slightly? TY. I have TONS of notes from this thread already. TYVM!