in essence all you have here is none other than 123 type trading which is ok in my book
- | Joined Jun 2008 | Status: Member | 70 Posts
Better being out wishing to be in, than being in wishing to be out....
1 minute price action patterns 5 replies
TOP of the WAVE (One Minute Renko) 12 replies
bo7a method... method for GBP/JPY 205 replies
finnforex daily price action method 2 replies
Price action with training wheels: Three Strikes Method 45 replies
Dislikedin essence all you have here is none other than 123 type trading which is ok in my bookIgnored
DislikedHello Everyone,
I updated the first post a little while ago with additional info on each step. I hope this answers a lot of questions you are all having. Tomorrow during the day, i'll go through this thread and answer the questions that have been posted here. Hopefully i'll have it all done before we start tomorrows trading session.
BrianIgnored
Disliked--Step 2. Confirm that the 30min chart is trending the same direction at the 4hr--
Start by using the same principals shown in step 1 to determine the trend on the 30min chart.
If the 30min chart is trending the same direction as the 4hr chart, then use the 5min chart to determine your entry.
If the 30min chart is trending against the 4hr chart, use the 3min chart for your entry.Ignored
DislikedBrian,
The first page is much better now. Just to clarify step 2. In step 2 you can trade with or against the major trend as identified on the 4hr chart. Would that be correct?
If the 30M chart is trending against the 4hr major trend then you use the 30M chart for entries against the major trend. If the 30M chart is going in the same direction as the major trend on 4hr you drop down to the 5M chart and look for entries with the breaks of the swing highs or swing lows.
Does that sum up the concept correctly?Ignored
DislikedBrian,
What would be nice is you being able to show us the trades on a live chart. Like GoToMeeting, etc... Just an idea.
Note: Here is a free 20 seat live conference service: https://vyew.com/ If you want 100 seats it cost you pocket change per month.
TimeFreedomIgnored