Disliked{quote} Excellent results Smmtrader congratulations and thank you for sharing this strategies and screenshots!! After some tests this week, your VWAP strategy and indicator (from page one) are making the difference, and as you said, combined with PA confirmation and in my case adding S/R and trend direction confirmation I am getting good results. Still practicing and learning.Ignored
- #43
- Edited 12:39pm Mar 25, 2021 9:59am | Edited 12:39pm
It is very important to analyze the S/R levels or Demand / Supply zones on multiple HTF's - It is not H4 OR D1 OR W1 OR MN. Analysis needs to be done on
H4 and D1 and W1 and MN time frames to ensure that we know the S/R levels and are NOT selling into Support or Buying into Resistance.
Earlier i had given SELL on NZDCHF and EURCAD as i missed checking Weekly time frame and that is not a valid one. Learning from mistakes....
Please make sure you do the S/R and PA analysis on all higher time frames.
I missed this support zone on weekly as i did not look at the weekly chart. I lost some pips but this is a good reminder to myself to check PA on all HTFs and not just one HTF.
Green pips.
H4 and D1 and W1 and MN time frames to ensure that we know the S/R levels and are NOT selling into Support or Buying into Resistance.
Earlier i had given SELL on NZDCHF and EURCAD as i missed checking Weekly time frame and that is not a valid one. Learning from mistakes....
Please make sure you do the S/R and PA analysis on all higher time frames.
I missed this support zone on weekly as i did not look at the weekly chart. I lost some pips but this is a good reminder to myself to check PA on all HTFs and not just one HTF.
Green pips.
- #48
- Edited Mar 28, 2021 10:23am Mar 27, 2021 8:05pm | Edited Mar 28, 2021 10:23am
When doing multiple timeframe analysis, i found the following approach to be quite efficient. It does take time to prepare the individual templates / profiles, but once done, it makes it simpler to perform the analysis.
- #52
- Edited 8:37pm Mar 29, 2021 7:49pm | Edited 8:37pm
EURJPY BUY (Entered trade with a small position )
Plan to add positions if the following happens
Point A: Add additional (bigger) position if i see a strong bullish Marubozu like candle
Point B: Potential first profit target
Point C: Potential second profit target
Plan to add positions if the following happens
Point A: Add additional (bigger) position if i see a strong bullish Marubozu like candle
Point B: Potential first profit target
Point C: Potential second profit target
