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  • #3,681
  • Jun 18, 2024 8:17pm Jun 18, 2024 8:17pm
My fastest 2 million INR in a few seconds
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  • #3,682
  • Jun 18, 2024 9:07pm Jun 18, 2024 9:07pm
i will list out the information on screen, tell me what should my trade bias be ?

  1. price above m5 100 & 200 sma
  2. rsi above 50 on h1 & h4
  3. price above 14 sma on h1 & h4
  4. price on weekly pivot 740
  5. stop loss automatically decided by a 14 candle high or low
  6. macd above zero line
  7. price above 20 sma on h1 & h4

anything left ?

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  • #3,683
  • Jun 18, 2024 9:18pm Jun 18, 2024 9:18pm
Quoting PatienceFx
i will list out the information on screen, tell me what should my trade bias be ? price above m5 100 & 200 sma rsi above 50 on h1 & h4 price above 14 sma on h1 & h4 price on weekly pivot 740 stop loss automatically decided by a 14 candle high or low macd above zero line price above 20 sma on h1 & h4 anything left ? {image}
left was the very basic price action concept

  1. at 740 price is sitting on previous h1 support and current resistance level

  • #3,684
  • Jun 18, 2024 9:24pm Jun 18, 2024 9:24pm
Quoting PatienceFx
{quote} left was the very basic price action concept at 740 price is sitting on previous h1 support and current resistance level
and the important concept that i covered yesterday

the 2 year bond yield chart

with h1 US02Y bond yield chart showing a positive candle, that eurusd long position is at risk
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  • #3,685
  • Jun 18, 2024 9:34pm Jun 18, 2024 9:34pm
Quoting PatienceFx
{quote} and the important concept that i covered yesterday the 2 year bond yield chart with h1 US02Y bond yield chart showing a positive candle, that eurusd long position is at risk {image}
basically it means that the US02Y bond yields chart is the summation of ALL USD economic news events.

and the easiest and the best usd trend indicator
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  • #3,686
  • Jun 19, 2024 9:03am Jun 19, 2024 9:03am
lets start with a clean slate, i am going to build a trading system from Zero
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  • #3,687
  • Jun 19, 2024 9:08am Jun 19, 2024 9:08am
Quoting PatienceFx
lets start with a clean slate, i am going to build a trading system from Zero {image}
okay this is a H1 chart
  • #3,688
  • Jun 19, 2024 9:19am Jun 19, 2024 9:19am
if i use just 2 indicators on chart

  1. BB
  2. RSI

the BB is a volatility indicator and the middle line is the 20 sma line

on RSI we use just the 50 level [ qabove 50 bullish , below 50 bearish ]

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  • #3,689
  • Jun 19, 2024 9:21am Jun 19, 2024 9:21am
Quoting PatienceFx
if i use just 2 indicators on chart BB RSI the BB is a volatility indicator and the middle line is the 20 sma line on RSI we use just the 50 level [ qabove 50 bullish , below 50 bearish ] {image}
basically price remains in a state of balance, when any economic news comes this balance is disturbed and we get a trade

locating this balance is the key
  • #3,690
  • Jun 19, 2024 9:25am Jun 19, 2024 9:25am
Quoting PatienceFx
{quote} basically price remains in a state of balance, when any economic news comes this balance is disturbed and we get a trade locating this balance is the key
on a blank chart, i could say that this red line was a balance

because many times price took support and many times it took resistance

do not depend on indicators, try to find why and where the balance will be disturbed next
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  • #3,691
  • Jun 19, 2024 9:27am Jun 19, 2024 9:27am
Quoting PatienceFx
{quote} basically price remains in a state of balance, when any economic news comes this balance is disturbed and we get a trade locating this balance is the key

I understand this uptill this stage
  • #3,692
  • Jun 19, 2024 9:34am Jun 19, 2024 9:34am
Quoting PatienceFx
{quote} on a blank chart, i could say that this red line was a balance because many times price took support and many times it took resistance do not depend on indicators, try to find why and where the balance will be disturbed next {image}
You have the red line there because of these previous areas correct? Where previous price has settled (where orders/volume has accumulated previously)?
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  • #3,693
  • Jun 19, 2024 9:36am Jun 19, 2024 9:36am
lets write a small code to get mathematical point of balance on multiple time frames
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  • #3,694
  • Jun 19, 2024 9:39am Jun 19, 2024 9:39am
Quoting GDS17
{quote} You have the red line there because of these previous areas correct? Where previous price has settled (where orders/volume has accumulated previously)? {image}

okay
  • #3,695
  • Jun 19, 2024 9:41am Jun 19, 2024 9:41am
Quoting PatienceFx
lets write a small code to get mathematical point of balance on multiple time frames {image}

i can see only a part of the code
  • #3,696
  • Jun 19, 2024 9:42am Jun 19, 2024 9:42am
Quoting PatienceFx
lets write a small code to get mathematical point of balance on multiple time frames {image}
we find that the mathematical point of balance agrees with our findings
Attached Image (click to enlarge)
Click to Enlarge Name: EURUSDH1.png Size: 13 KB
Attached File(s)
File Type: ex4 MULTI-PIVOT.ex4   9 KB | 167 downloads
  • #3,697
  • Jun 19, 2024 9:44am Jun 19, 2024 9:44am
Quoting PatienceFx
{quote} on a blank chart, i could say that this red line was a balance because many times price took support and many times it took resistance do not depend on indicators, try to find why and where the balance will be disturbed next {image}
The perfect balance is: EUR/USD= 1.
The balance will be disturbed where the support is now.
  • #3,698
  • Jun 19, 2024 9:49am Jun 19, 2024 9:49am
Quoting PatienceFx
{quote} we find that the mathematical point of balance agrees with our findings {image} {file}
and the only thing that remains is

which news event disturbed the price and HOW
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  • #3,699
  • Jun 19, 2024 9:52am Jun 19, 2024 9:52am
Quoting PatienceFx
{quote} we find that the mathematical point of balance agrees with our findings {image} {file}

multi-pivot is an indicator with the current values as

MN=1.07976
W = 1.07417
D= 1.07368

what is MN/W/D ?
  • #3,700
  • Jun 19, 2024 9:55am Jun 19, 2024 9:55am
Quoting rjngh2005
{quote} multi-pivot is an indicator with the current values as MN=1.07976 W = 1.07417 D= 1.07368 what is MN/W/D ?
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