That's enough for today so I'll leave you with this:
https://youtu.be/DFod6V3Q68k
We'll pick it up tomorrow.
https://youtu.be/DFod6V3Q68k
We'll pick it up tomorrow.
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Back To Basics 473 replies
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Trading the Blues - Monday Blues 6 replies
DislikedLet's go back to our 15min EURUSD chart. In this first chart the red notations identify impulses and correctives with their HHs, HLs, LHs and LLs in the context of the data that fits into my screen. We can also just call them swings. That means that there are smaller swings making up the impulse and corrective legs of the larger swings. {image} In this chart I've taken a segment of one corrective swing and zoomed in to show the smaller swings in more detail. {image} Is this revealing to you? It is to me!!!Ignored
Disliked{image} in every swing there is always small swing on lower time frame, the hard part is how do you define the swing high/low based on your time frame because what do you see the swing now it could be swing high/low on higher time frame regards, TomIgnored
Disliked{image} in every swing there is always small swing on lower time frame, the hard part is how do you define the swing high/low based on your time frame because what do you see the swing now it could be swing high/low on higher time frame regards, TomIgnored
Disliked{quote} Keep things simple by using only one timeframe to identify your trend. After witnessing a lot of brutal volatile days, I found the weekly to be the most reliable in indicating ongoing trend. Most trends identified in the lower timeframes were short and bouncy ...Ignored
Dislikedhello Winston, Can you place HH, HL, LL, LH and hh, hl, ll, lh please. {image} For the moment I totally agree with your approach to trading however it is far from easy to distinguish in "real time" if the corrective legs are over or if it will range etc.Ignored
Dislikedhello Winston, Can you place HH, HL, LL, LH and hh, hl, ll, lh please. {image} For the moment I totally agree with your approach to trading however it is far from easy to distinguish in "real time" if the corrective legs are over or if it will range etc.Ignored