Here's another way I show myself Continuation Trades. I created a concept called the RoadMap. I always use the "3 ema, close, yellow, orange, or gold". On the chart below, I am using the: 15 ema, close, the 18 ema, close and the 21 ema, close to create the RoadMap OR you could use the: 18 ema, close, the 21 ema, close and the 24 ema, close OR you could use the: 31 ema, close, the 34 ema, close and the 37 ema, close. All you are really trying to do is create a reliable method for locating Continuation Trades. Here it is on the current Daily GBP/USD....
{quote} @CogAlpha The voice in my head is telling me that you are being condescending towards members in this thread. Calling members here for being lazy is not the kind of active participation here. We value contributions relating to trading and trading discussion. You comment most traders here are no profitable is yet another condescending judgement of the members in this thread. Why are you post here when you have nothing to contribute except to write that members are lazy and not profitable. {quote} ...
{quote} Its really a weird way to flirt with me. But if you are seeking my attention, just say it. I like confident men.
Guys... that are just a few EMAs on one chart.... it takes 1minute to put it on your chart. Just try to do something yourself for once. If you are too lazy to do even that, then I am really not surprised that most Traders are unprofitable..
Personally, I would only trade the major USD pairs and no CHF. They are: EUR/USD - GBP/USD - USD/JPY - AUD/USD - USD/CAD - NZD/USD. If I was going to only trade 2 pairs, which is what I think Forex traders should do, it would be the: EUR/USD and GBP/USD. If I was going to only trade 1 pair, it would be EUR/USD
I never trade the Forex during the first 1.5 hours after each day's Open due to the abnormally large spread. So I open my new Daily trades 5-10 mins. before the Close.
As far as a trading a strategy goes, and just for simplicity's sake, I would HIGHLY suggest that you ONLY ever take Continuation Trades based on my 5 favorite Ema's. 3, 8, 21, 34, 55 - plus, use the RSO...and learn how to read it well - by observing it and its nuances over time (read Post #10,486)
Trading goals. I would highly suggest that you read a book by Annie Duke called: "Thinking in Bets"
Here's another way I show myself Continuation Trades. Anyone who has read this whole thread should remember that I created a concept called the RoadMap. I always use the "3 ema, close, yellow, orange, or gold" when looking for Continuation Trades. *It all depends on how the colors look on each platform. Typically, the settings that I use are the: 34 ema, close - 34 ema, high - 34 ema, low OR 21 ema, close - 21 ema, high - 21 ema, low. I add both ways to a chart and then by looking back over time, I decide which one looks the best on "that" chart....
{quote} hi brother can you share this indicators? I use TV or How can i find?
{quote} I'm curious, how wide is your monitor screen to be able to show all of 2025 and still have wide candles? Mine is 27" Also, can you share the name of each indicator and the settings? I cannot replica that chart, the lines are not as smooth and far away, take a look - {image} {image} Thanks EDIT: I think I got it; the instructions were not specific. Quote "I am using the: 15 ema, close, the 18 ema, close and the 21 ema, close to create the RoadMap" Which should be - On the chart below, I am using the: 15 ema, high, 18 ema, close...
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{quote} This would raise the additional question for me: whether, according to this "rule," one shouldn't place one's order at the opening of the first candle following the setup candle, since one can't yet know at that time whether it would also break the high/low of the setup candle. In other words, entry should then only occur at the opening of the second candle following the setup candle at the earliest?
1. Low Liquidity
2. High Volatility & Uncertainty
3. Risk Management for Brokers
4. No Real Interbank Consensus Yet
Why 60–90 Minutes?
What Can You Do?
