Disliked{quote} So, you look at Daily right? Then H4 then H1 and on and on and on?Ignored
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Disliked{quote} So, you look at Daily right? Then H4 then H1 and on and on and on?Ignored
Disliked{quote} the grandpa is like 80 or something, high on 10 different medsIgnored
Disliked{quote} If your account is big enough to handle anticipated big drawdown, you could have kept your short trades while H1 and maybe H2 do the rally. So you would likely be underwater at least overnight. Unless, of course, the smaller TFs don't co-operate and fall back before the rally can reach H1.Ignored
Disliked{quote} the grandpa is like 80 or something, high on 10 different medsIgnored
Disliked{quote} No. I don't use the abysmal MetaQuotes platform for my charting analysis. I use custom TFs on a better platform. But I do start my top-down analysis with at least the 1 Month TF, and step down the TFs from there, all the way to the 1 minute TF. But really, with a multi-TF indicator on my charts, I can skip over looking at several TFs.Ignored
Disliked{quote} If the sell gave more pips down, I would have stayed, however the sell was too weak in my opinion for this particular pair. Of course you helped me to look more objectively at the sell. H4 did confirm sell, but this Daily chart is what I'm worried about.. Daily chart still suggests this is buy. It just touched gray line and retracted up, like it bounced off of gray line up, 1.122 which a lot of traders were mentioning here today could be a strong Support. It didn't break the gray line (Support). {image}Ignored
Disliked{quote} the grandpa is like 80 or something, high on 10 different medsIgnored
Disliked{quote} Oh.. yeah yeah yeah. You mentioned some custom TF's already which we don't have on MT4 yeah.. I'm satisfied with what I have. I'm also not good at programming so.. and I don't even know which TF is good and don't have time for finding out.Ignored
Disliked{quote} But consider two things: The Daily has already closed 5 bars in an up swing; change comes from smaller TFs and progresses upward through the TFs.Ignored
Disliked{quote} 15M did confirm buy. Now, I wait 30M. But won't be trading anymore just so you know!Ignored