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  • #1,214,821
  • May 20, 2022 10:42am May 20, 2022 10:42am
Quoting Js3mwtRc
{quote} I have to find that out, good point. Volatility could grow sudenly at any time, just watch out!
If you are seriously worried about a sudden volatility increase, then wouldn't logic dictate that you should be monitoring the M1 TF? Oh wait--that is in the group below the H1 that so many people decry as useless because they are just a bunch of noise.
To free Gazans of Hamas, use whatever it takes.
  • #1,214,822
  • May 20, 2022 10:45am May 20, 2022 10:45am
Quoting JauntyLoon
{quote} You can make any time frame you like with TradingView. Question is, why would you want to? What's interesting about an 8 hour chart rofl
Yes that is true about TV time frames. However for serious traders, the features available through the free version are insufficient. ALL of the charting and analysis features are available for free with NinjaTrader.
To free Gazans of Hamas, use whatever it takes.
  • #1,214,823
  • Edited 11:25am May 20, 2022 10:53am | Edited 11:25am
Quoting DrDave
{quote} If you are seriously worried about a sudden volatility increase, then wouldn't logic dictate that you should be monitoring the M1 TF? Oh wait--that is in the group below the H1 that so many people decry as useless because they are just a bunch of noise.
If, the one minute chart just doesn't fit on the lifestyle of a trader it doesn't mean that it is useless. Also if, I think timeframes like a term of a Business Cycle, or CPI its crazy to start buying EU yet.
Looking for profitable short term trades ...|
  • #1,214,824
  • May 20, 2022 11:13am May 20, 2022 11:13am
Might get lucky here.

I don't seem to have the discipline and patience required for trading on daily and four hour time frames. It means long periods when you're not trading anything at all.
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  • #1,214,825
  • May 20, 2022 11:14am May 20, 2022 11:14am
Quoting Js3mwtRc
{quote} If, the one minute chart just doesn't fit on the lifestyle of a trader it dosn't mean that it is useless. Also if, I think timeframes like a term of a Business Cycle, or CPI its crazy to start buying EU yet.

Even on 30 mins, it's just cheap frills for me. Nothing different from spinning a wheel or playing blackjack.
  • #1,214,826
  • May 20, 2022 11:15am May 20, 2022 11:15am
Quoting JauntyLoon
Might get lucky here. I don't seem to have the discipline and patience required for trading on daily and four hour time frames. It means long periods when you're not trading anything at all. {image}
can you go out on a date with a woman and watch her shop for clothes or shoes?
don't believe in mumbo jumbo from gurus & charlatans, don't pay them money
  • #1,214,827
  • May 20, 2022 11:23am May 20, 2022 11:23am
Quoting JauntyLoon
{quote} Even on 30 mins, it's just cheap frills for me. Nothing different from spinning a wheel or playing blackjack.
For me is like you say, but trading bigger timeframes gives more time to think what to do and you have better chances to succeed, its the same with the small although
Looking for profitable short term trades ...|
  • #1,214,828
  • May 20, 2022 11:26am May 20, 2022 11:26am
Just had a look at the 1 min chart.

The strategy is to only sell below 200 MA, and you sell when the top BB is rejected and confirmed by a red candle or when the price closes beneath the lower BB (confirmed by BB% turning green). HA candles are used to smooth the spikiness of regular candles. R:R is 1:1.5

Three good signals and one bad
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  • #1,214,829
  • May 20, 2022 11:34am May 20, 2022 11:34am
Quoting JauntyLoon
Just had a look at the 1 min chart. The strategy is to only sell below 200 MA, and you sell when the top BB is rejected and confirmed by a red candle or when the price closes beneath the lower BB (confirmed by BB% turning green). HA candles are used to smooth the spikiness of regular candles. R:R is 1:1.5 Three good signals and one bad {image}
If, a strategy fits you and you are sure that you know when to trade it, then you just have to go for it.

I traded the 15 minutes chart, it can give 2-3 good trades per day, but didn't had the same knowledge back then and blew it, now the best I can do is break even, or make some worthless pips. I mean if, I knew where the trend is going I would be billionaire right now!
Looking for profitable short term trades ...|
  • #1,214,830
  • May 20, 2022 11:36am May 20, 2022 11:36am
Quoting Js3mwtRc
{quote} If, a strategy fits you and you are sure that you know when to trade it, then you just have to go for it. I traded the 15 minutes chart, it can give 2-3 good trades per day, but didn't had the same knowledge back then and blew it, now the best I can do is break even, or make some worthless pips. I mean if, I knew where the trend is going I would be billionaire right now!

You're trading now with the objective of breaking even, or it is profitable for you now?

I'm a long way off breaking even from previous losses... maybe it is a hopeless endeavour
  • #1,214,831
  • May 20, 2022 11:40am May 20, 2022 11:40am
Quoting JauntyLoon
{quote} You're trading now with the objective of breaking even, or it is profitable for you now? I'm a long way off breaking even from previous losses... maybe it is a hopeless endeavour
I trade on longer timeframe, profitable and avoid 15 minutes. I only try it on demo. Don't quit!

Elon has found a way to gamble without risking at stockmarket

https://www.forexfactory.com/news/11...dant-250000-to
Looking for profitable short term trades ...|
  • #1,214,832
  • May 20, 2022 11:41am May 20, 2022 11:41am
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  • #1,214,833
  • May 20, 2022 11:42am May 20, 2022 11:42am
Quoting Js3mwtRc
{quote} I trade on longer timeframe, profitable and avoid 15 minutes. I only try it on demo. Don't quit! Elon has found a way to gamble without risking at stockmarket https://www.forexfactory.com/news/11...dant-250000-to

lol

It's hard to be rich and famous!
  • #1,214,834
  • May 20, 2022 12:12pm May 20, 2022 12:12pm
Quoting PatienceFx
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Your red/blue indicator is doing a good job of tracking the W2 swings on the D1 TF.
To free Gazans of Hamas, use whatever it takes.
  • #1,214,835
  • May 20, 2022 12:17pm May 20, 2022 12:17pm
Quoting tiborf71
{quote} well, yes you can still trade that way. but just just a blade of grass in the meadow because there are countless options. all it takes is perseverance to find it.
just just a blade of grass in the meadow... all it takes is perseverance to find it.

That would be "the needle in the haystack", in English lore.

Alas, from what I have observed, few have the right tools to enable finding it before either their patience or bank account runs out.
To free Gazans of Hamas, use whatever it takes.
  • #1,214,836
  • May 20, 2022 12:48pm May 20, 2022 12:48pm
Quoting DrDave
{quote} Your red/blue indicator is doing a good job of tracking the W2 swings on the D1 TF. {image}


All indicators perform well during strongly trending markets.

I'm looking for one that also does well when the trend is indecisive. Not found any yet
  • #1,214,837
  • Edited 12:59pm May 20, 2022 12:48pm | Edited 12:59pm
Quoting Js3mwtRc
{quote} If, the one minute chart just doesn't fit on the lifestyle of a trader it doesn't mean that it is useless. Also if, I think timeframes like a term of a Business Cycle, or CPI its crazy to start buying EU yet.
its crazy to start buying EU yet.

That is, once again, TIME FRAME dependent.

Yes, it would be crazy to start buying EU based on the W1 TF. However, look at H1. A buy that was filled at the High of the bar marked with the green V-line for an up continuation would have been profitable with 21 pips of drawdown occurring on the next bar. That was the only bar in the run that closed in drawdown. If you managed to stay in until the marked bar, that was 86 pips at the low of that bar. Even exiting on the earlier down bar was good for 70 pips.

With the ATR running about 20-25 pips, would it have been difficult to close for 20 pips gain?
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Do you want to keep on buying? Looking ONLY at the H1 price progression from the swing high, I choose no.

(Looking at more TFs reveals a setup for entering a sell continuation about 4 hours ago to the H16 down swing.
The first sell continuation from the swing high was back about 18 hours ago, but that was during off hours with very low volatility.)
To free Gazans of Hamas, use whatever it takes.
  • #1,214,838
  • May 20, 2022 12:57pm May 20, 2022 12:57pm
Quoting JauntyLoon
{quote} All indicators perform well during strongly trending markets. I'm looking for one that also does well when the trend is indecisive. Not found any yet
All indicators perform well during strongly trending markets.

No, they do not. For example, stochastics does not perform well in a strongly trending market: It will go overbought (or oversold) and can stay there for a lot of bars. During that phase, it is of no value at all for helping to decide on making an entry.

I'm looking for one that also does well when the trend is indecisive.
Why in the world would you want to be trading on a TF that is showing an indecisive trend???? If I don't see a decisive trend on a TF, then I simply keep moving to smaller TFs until either I find one or I reach M1. If none found, then I simply wait until M1 displays one (change comes from the bottom and progresses upward).
To free Gazans of Hamas, use whatever it takes.
  • #1,214,839
  • May 20, 2022 1:08pm May 20, 2022 1:08pm
Quoting Js3mwtRc
{quote} If, the one minute chart just doesn't fit on the lifestyle of a trader it doesn't mean that it is useless. Also if, I think timeframes like a term of a Business Cycle, or CPI its crazy to start buying EU yet.
If, the one minute chart just doesn't fit on the lifestyle of a trader it doesn't mean that it is useless.
Of course your thinking is correct. But I find people posting over and over again about how it is pointless to even look at any TF below H1 because they have nothing but whipsaws, fakeouts, and noise.

I also see posts by people that claim "missing" TFs, such as H2 and H8, are also worthless because they are not part of the default TFs in the charting application. LOL

And let's not even start discussing TFs like M8, M16, M32, etc.--PURE HERESY!
To free Gazans of Hamas, use whatever it takes.
  • #1,214,840
  • May 20, 2022 3:06pm May 20, 2022 3:06pm
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DOW 5' This is a strong reversal imho. . . . . . . . . . . . . .

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