Friends, I have a question about the time span and I believe that my question will help many people. Today I operate moving average crossover, but in H1 time frame. I notice that I often need to wait several and several hours to have a possible opportunity. I don't lower the time horizon to have more opportunities because assertiveness goes down proportionately. Is there any way to manage or even better organize this H1 time frame with moving averages crossing configuration? I believe that this forum has several very experienced members and will suggest something interesting.
- #2
- Jun 28, 2021 6:37pm Jun 28, 2021 6:37pm
- Joined Jul 2011 | Status: Gold Again | 10,588 Posts
Friends, I have a question about the time span and I believe that my question will help many people. Today I operate moving average crossover, but in H1 time frame. I notice that I often need to wait several and several hours to have a possible opportunity. I don't lower the time horizon to have more opportunities because assertiveness goes down proportionately. Is there any way to manage or even better organize this H1 time frame with moving averages crossing configuration? I believe that this forum has several very experienced members and will...
How, do you ask?
Well, I'm not posting all this again when you can go over there and read it
https://www.forexfactory.com/thread/...9#post13588109
Let me know what you think
It takes a lot for me to IGNORE you, but you can try.
{quote} First, moving averages is just a squiggly line derived from mathematically mangle data; why not just read the price? How, do you ask? Well, I'm not posting all this again when you can go over there and read it https://www.forexfactory.com/thread/...9#post13588109 Let me know what you think
I will read the entire thread and give you feedback.
{quote} First, moving averages is just a squiggly line derived from mathematically mangle data; why not just read the price? How, do you ask? Well, I'm not posting all this again when you can go over there and read it https://www.forexfactory.com/thread/...9#post13588109 Let me know what you think
I read what you wrote, but I didn't understand.
The only thing I understand is to have a sale. The current bar's close needs to be lower than the lows of the previous 3 candles.
- #5
- Jun 29, 2021 4:05am Jun 29, 2021 4:05am
- Joined Jul 2011 | Status: Gold Again | 10,588 Posts
{quote} I read what you wrote, but I didn't understand. The only thing I understand is to have a sale. The current bar's close needs to be lower than the lows of the previous 3 candles.
Keep it simple
It takes a lot for me to IGNORE you, but you can try.
- #9
- Jun 29, 2021 6:55am Jun 29, 2021 6:55am
- Joined Jul 2011 | Status: Gold Again | 10,588 Posts
{quote} I will be humble to say that I still don't understand your analysis. Could you tell me where your analysis starts? Because often the obvious for one may not be for another. If you can explain it to me in detail, I would be very grateful.
I am juggling with 3 live accounts, 2 demo accounts for testing, webinars, reading Telegram, reading Twitter, and it was New York open
It takes a lot for me to IGNORE you, but you can try.
{quote} I will answer more tomorrow, it's midnight here I am juggling with 3 live accounts, 2 demo accounts for testing, webinars, reading Telegram, reading Twitter, and it was New York open
Hello Erubus, I tried to understand several times, but I couldn't. It may be simple to understand, but I don't understand. When you give me the answer to this message and start talking about the current bar to be analyzed, could you please circle the bar you are referring to for easy understanding?
{quote} I will answer more tomorrow, it's midnight here I am juggling with 3 live accounts, 2 demo accounts for testing, webinars, reading Telegram, reading Twitter, and it was New York open
- #13
- Jun 30, 2021 6:35pm Jun 30, 2021 6:35pm
- Joined Mar 2009 | Status: Hobby Trader | 4,477 Posts
{quote} Erebus, Help me with this strategy.
MAs lag price and relying on them to provide signals in my experience is futile. Too short and you get whipsawed. Too long and the signal is too late.
The solution is to understand price. Most simply each individual candle tells a story. In a trend the candles become more meaningful.
It doesn't matter what time frame you use. If you want to use a 60 minute time frame then that is fine.
- #14
- Jun 30, 2021 8:03pm Jun 30, 2021 8:03pm
- Joined Jul 2011 | Status: Gold Again | 10,588 Posts
{quote} Erebus, Help me with this strategy.
https://www.forexfactory.com/thread/...9#post13588109
Sorry to be blunt, tell me which part you don't understand, please? Read it line by line and point out the difficult part.
A lot depends on your trading time frame and account size as well, if you can't hang on to a position for too long, better go read a scalping thread.
Also, see the charts below, I will do a higher time frame analysis for TREND BIAS
{quote} I don't pretend to fully understand Erebus' strategy but I'll take a stab at your intention. MAs lag price and relying on them to provide signals in my experience is futile. Too short and you get whipsawed. Too long and the signal is too late. The solution is to understand price. Most simply each individual candle tells a story. In a trend the candles become more meaningful. It doesn't matter what time frame you use. If you want to use a 60 minute time frame then that is fine. {image}
I was in a lot of back pain 
yesterday and still have some, so I could be grouchy.Basically, you really need to study where a candle CLOSED in relationship to previous lows or highs.
Monthly meet the "rules" for the last 3 months, the weekly has a lot of down arrows, daily stuck in a range, 4-hour is my entry
If it doesn't work, IDK, give up?
It takes a lot for me to IGNORE you, but you can try.
- #16
- Jun 30, 2021 10:06pm Jun 30, 2021 10:06pm
- Joined Mar 2009 | Status: Hobby Trader | 4,477 Posts
{quote} The strategy is posted here; if you can't grasp the concept of a Close candle below previous candles, should you be trading? https://www.forexfactory.com/thread/...9#post13588109 Sorry to be blunt, tell me which part you don't understand, please? Read it line by line and point out the difficult part. A lot depends on your trading time frame and account size as well, if you can't hang on to a position for too long, better go read a scalping thread. Also, see the charts below, I will do a higher time frame analysis for...
- #17
- Jun 30, 2021 11:57pm Jun 30, 2021 11:57pm
- Joined Jul 2011 | Status: Gold Again | 10,588 Posts
{quote} Just from a 60 min perspective on the pair there was a large engulfing shown by the purple arrow but trading purely on single candles is troublesome. Price descended but the uptrend of left not done until swing taken out as shown by the horizontal rectangle. At this point I can see the value of trending candles signaling the continued downturn at corrective swings. Just trend trading with swings. Not to be too critical of MTF analysis and top down analysis (and I have been, LOL) I trade the time frame without such analysis. {image}
And to revert to Post #1 original statement, the OP is seeking a way to recognize a method to enter into a trade as MA's seem to be too late.
I have shown such a method, simply use it for 1 hour if you wish, even as a pattern recognition the same as the engulfing you quoted.
Also, anyone can mangle the "rules" to suit into any method they wish.
When it comes down to it, you can only enter on a breakout or a retracement, or perhaps toss a coin...
Just trying to help the OP, good luck
It takes a lot for me to IGNORE you, but you can try.
- #18
- Jul 1, 2021 12:19am Jul 1, 2021 12:19am
- Joined Apr 2020 | Status: Trader/Coder | 1,929 Posts
Observer effect
