{quote} You don't need to know what going on, just read the news and make a scenario to follow, none knows!
{quote} Are you also desperately cycling through different trading 'systems' in the hopes of finding one that's profitable? I don't think any retail trading strategy is consistently profitable.
{quote} Well, I have to abandon yet another trading system - it wasn't profitable either. (The one with BB and Heikin Ashi candles.) Running out of ideas again
I can spot two entries on your watch. The one didn't yield much profit, but the second went all the way down to 0684 1 hour before London Close.
{quote} Spying on you!
{quote} The 200 MA is meant to be a filter, but it filters out as many good signals as it does bad ones. I wasn't hitting the 4 in 10 and saw +300 rapidly sinking to 0 ... I don't think it can be done this way
{quote} The 200 MA is meant to be a filter, but it filters out as many good signals as it does bad ones. I wasn't hitting the 4 in 10 and saw +300 rapidly sinking to 0 ... I don't think it can be done this way
{quote} What 200 ma was doing on 30 min graph? It was ranging by showing some downside direction and also the price action was sitting inside a range (see horizontal lines). A tip: Use only one, or two indicators, too many indicators mess the strategy and give false signals, you have already three to four! Also the fundamentals where bearish! {image}
{quote} You can ditch the MA200 altogether and simply look at multiple TFs and see what that was!! The black Vlines mark off your zone where you have identified m30 is ranging. Did you try checking H4 as well???? From the left black Vline, the yellow marks a single H4 down swing; the green marks a single H4 RALLY--note how it ended as a LOWER HIGH, clearly marked with the down-sloped black line across the tops; and from there is the yellow that marks the H4 down continuation to for selling. And, for those with the "it's easy in hindsight" mentality,...
{quote} Why ditch it was helpful in showing the direction, or at least the start of a third wave down as you marked on the chart. Of-course when it comes to entries I then focus away of the 200 ma.
{quote} OK, I see that you don't grasp the utility and beauty of how multiple TFs interact to show you the optimum entry TF and direction. But it's OK.
