I decided to diversify my diary a little, dry screenshots, minimum of information, sometimes it is necessary to speak out, let it be a monologue. So, my view on the market is very simple: accumulation and distribution. And my entire system is sharpened on these two simple words. You may have noticed that in some places I give hints to my view, accumulation for me is uncertainty expressed in doji candles. It is important to note here that for me 90% of the candles on the chart are uncertainty candles, if they do not meet the 3 points, if those 3 points are met, then they are the correct candles. So, uncertainty = doji, distribution = right candles. The correct candlesticks for me are the pin bar and maribozu, there are only 3 rules to these candlesticks, as I said above. Now let's put these concepts together, price moves in uncertainty, then shows the right candle as a hint of distribution and that's it. The whole system. But there are nuances, of course, and they are in the details. The pattern has to be balanced, subject to a whole bunch of rules. The beauty of the patterns is very important, I don't like it when the patterns don't obey the rules because if the pattern doesn't obey the rules, it means that there is an imbalance and, therefore, the price can think a bit more, move a bit more, which can bring losses. Then the price needs something to bounce off of, just like you do a jump. As we get into technical analysis, we encounter support and resistance levels and zones, various fractals, reversal levels, and more. For all of these concepts, I again have my own element - support. The name is simple and succinct, and the meaning is immediately clear. A reversal is where price will accelerate. Patterns are pushed away from support. Again, there are some nuances and rules of interaction between a pattern and its support. Now to summarize - a pattern that meets all the requirements, a support with which a pattern interacts - these few words contain a lot of rules, details and so on. Everything is meant for one thing only - profitable trading. I'm a proponent of this theory - I need to know absolutely every aspect of what I'm working with. Yes, it's a simple chart and a couple of lines, but for me there is a lot of interesting things hidden. And I tried to go deeper into it, but it started to affect my trading, and very strongly. So, for now I've left a couple of ideas to further develop the system and fully consolidate the knowledge I have. And I'm also looking for a candidate to study the trading system, would be interesting. A short monologue, good luck to all!!!
Hi all! I brought you some of my thoughts for the weekend regarding trading, but you will need a translator. I hope you will find some good ideas for yourselves. I would like to get your feedback or subjects for new articles
Timeframes
Good afternoon. Right on topic, timeframes, for convenience further in the text will be familiar to you and us TF. This is a kind of a set of recommendations that will help you improve the results of trading, maybe (well, 0.5% for sure, because the other 99.5% are looking for the grail). So, the TF is a very interesting thing, and a lot depends on it. A couple of years ago I came up with a genius idea: the sum does not change if you rearrange the summands. Then why not try using non-standard TFs? Not just m5/15/30, H1 and H4. But anything that fits between the standard MT4 timeframes. It's interesting, isn't it? So I gave it a try. Since then, to me, the standard TFs and those who only use them are cavemen. I chose the TF by logic, because in fact, if I have a smart terminal, I can choose absolutely any TF. Say, not M30, but M32, mmm, what do you think? That's cool, but for me it makes more sense to put the lower non-standard TFs into higher ones. For example, three M5 candles - one M15, two M15 candles - one 30, 4 on M15 - H1. Here, and this is the logic I used. Let's assume that H1 is 60 minutes, so we find all the numbers that are multiples of 60. And we get M1-2-3-4-5-6-10-12-15-20-30. I think that with M1(3)-5-15-30 is not even worth comparing. And so in all TF, up to the annual. Let's say you observe D1, W1 and MN, and I can't imagine my trading without D1-2-3-4-5-6, W1-2-3-4. For MN this is interesting as well. We take a year, 12 months and divide it. We get MN1-2-3-4-6. What does this give and what is the point. It's very simple: room for observation, finding things hidden from normal eyes, and lots of extra signals. Yes, my system is poor in signals, and fully confirms the rule that 85-95% of its movement the market is sideways, regardless of the TF, and therefore the system cannot give signals too often, because it is designed for movement after uncertainty (sideways). Plus we will add to this the rules that I have developed and continue to develop. The rules will polish the patterns like a monument is polished to a perfectly smooth surface (a monument to the future economic development of the post-Soviet world, heh). At this stage, it is good if 0.5% of the patterns are taken for future work. It turns out that the signals are not enough, we need something to compensate for them, and non-standard TFs are the best solution.
As for the serviceability, believe me, the charts on m30 and m32 are exactly the same, except for the numbers. Everything works perfectly. I can give examples for a long time, just click on the diary, somewhere I show the real reason (for example, the last closed position of AUDUSD and TF D6) I show it directly. There are a lot of examples of non-standard TFs in the training program, and everyone will confirm that there is no difference. Here is a little laifhack and such not insignificant considerations. Next, we consider the degree of achievement and accuracy. Yes, everyone on the Internet says that move to older timeframes and you'll be happy. I agree, the older the timeframe, the more rules of the trading system I can neglect, and the result will not change. Say, I cannot advise beginners to use M1 chart, it really requires jewelry work and very fast decision making. Sometimes even 1 point difference can be a decisive factor for me not to apply this pattern. For beginners I would advise to start with M15 and look at the lower ones, trying to gain experience.
In conclusion: add non-standard TFs, forget about MT4 and switch to MT5, or find another terminal with the ability to add non-standard TFs. I've introduced it to all my friends, no one has any complaints, only positive feedbacks. If you have any questions about MT5 settings, please contact me in private or in chat (there is a link in my diary).
The addition to the post above, which I had forgotten a little, but the chatterbox reminded me of. Non-standard TF is good, but here's another tip: different opening of the day. For the timeframe before H1 it's senseless, but by switching the day opening you can see that the conditional curve successfully exists on the same timeframe, but in the +2 time zone. Example above, a chart of NZDJPY D5, with time zone UTC+2, change a little to UTC+0 and voila, quite an attractive pattern on my trading system with excellent working out. And the logic is, D5 that is 24 * 5 = 120 hours for the formation of the candle, but nevertheless 2 hours played a role, as in soccer, the extra time can dramatically change the situation. Somehow)
On AUDUSD and EURUSD stop, on AUDUSD was on Thursday, but on Friday it seemed to be a tailwind, but unfortunately it all turned by impulses with a loss. I will continue to monitor the situation.
And here's the clue why my forecasts didn't work out, on October 17 in my telegram with the forecasts were thinking about the reversal on XXXUSD, everything was supposed to happen on October 19, when the new D6 candles were opening. But my pattern was not formed by the rules, but I have a backup plan, in the form of confirmation on the lower timeframes, and today it happened, I saw confirmation on the D1 chart, which promises a long SP500 in the near future. I think we will reach numbers like 3900/4000/4100 in the near future. I will be trading this move.
The last few trades, yes, I was stupid. I originally thought that the current economic situation, was not very favorable for trading, because one of the conditions of the system is support. This is my personal development, which is designed to replace all the garbage that traders try to see and draw on the chart. But in the current situation, when the markets are out of the ordinary, and there are no supports as such, I have to invent something. So that's what I've been thinking about in recent trades. No need to justify my actions, it's all my fault. Well, secondly, comrades, I need to make a portrait of the majority for reflection, but I am missing one element. The element looks like this: a person who has a family, children, work, in general, the whole day is scheduled by minutes. How do you manage to find time for trading? Please share your experiences. This will allow me to adapt my system in the future. You can do it here or on telegram (@fadxf).
And here's the clue why my forecasts didn't work out, on October 17 in my telegram with the forecasts were thinking about the reversal on XXXUSD, everything was supposed to happen on October 19, when the new D6 candles were opening. But my pattern was not formed by the rules, but I have a backup plan, in the form of confirmation on the lower timeframes, and today it happened, I saw confirmation on the D1 chart, which promises a long SP500 in the near future. I think we will reach numbers like 3900/4000/4100 in the near future. I will be trading...
Ignored
Almost 4,000, more and more signs that markets will soon return to normal
