M15 daytrading EU

Hi


I thought id make a new thread since what i want to post does not fit into the form of the old threads i used. This template is a merger of a rough draft of a H4 template i used and other M1 ideas. I decided to meet somewhere in between and make it M15 and i just shaped/multiplied the numbers to fit the chart.

I have the idea that someone might want to consider the S/R levels i propose here, the calculations is very general guidelines, stuff i have experienced that there is a use of keeping track of mostly.

I hesitated when it came to placing this thread either in the systems section or in the discussions section. What i want is discussion, and the "system" is not very systematic, since i wont place trades only on account of it fitting some "rules". But on the other hand since the calculations is there at all, the way i wiev price is still very systematic so perhaps this thread still fits will into where i placed it.

I dont know how much time i will have to trade and/or post in the coming time, since things are changing rapidly in my life as well as in the world around us. I would prefer not to trade at all, but im not doing it for my benefit.

I think that in simplified terms these statements is quite true:

You need to trade real money before you can learn not to succumb to fear while trading.

You probably should never trade real money at all, statistically speaking.

The method of trading is about as important as the skill of trading, but neither of them is worth anything on its own.

Developing ones trading skill is essential, as well as developing the method, even if the method is naked trading. If either fails, so will the account.

When trading a particular method, some of the things you learn will transfer into other methods, this is what i call skill.

When trading a particular method you will aquire a sense of how price normally looks and what normally follows from what is presented, this is what i call skill.

You can use calculations overlaid on top of price generating visually presented calculations, a sort of a matrix, a code with multiple readings. This is what i call a method

The method is what you see presenting itself over time in your trading plattform.

Skill and method better not be confused, people often confuse these and think its the same and/or that if you understand one thing you will understand the other. I have experienced that that is a great misstake.

Developing a good skill takes a long time, longer then most of all the jobs there is. Developing a new arbitrary method can take minutes but will probably not do you any good. Developing a good method takes a long time, not as long as good skill but still a long time.

So the method in itself is pretty meaningless and without skill you cannot use it for much of anything. This is very, very important and if you are inexperienced you yet cannot fathom how much this matters. So if you arent absolutely clear of what im saying here, read that sentence a thousand times and think about what it could mean for a long time. One of the things it means is that if you apply a method and you think or say "I did what i was supposed to but it didnt work!" Then you dont know what you are saying/thinking, you do not fathom what it is you are doing.

Some people say they use mechanical systems successfully. I can see how you could do that with super fast connection, 0 spread and little or much inside info. Otherwise i cannot fathom how it could work out.

Here is a trade exemplifying some of the things i was talking about.

Also generally i thinking that if i enter on half day MA after touch of Keltner i need to have SL at hwole day MA + at least 15 pip, and probably reenter on touch of whole day average. Id prefer to trade without stoploss and take profit, but then id prefer to stay awake 24 hours a day. Sufficed to say id prefer not to work alone, at least 5 people should work the same account, giving different opinions and experience to the trades.

Good Luck, Buddy!

EURUSD, M15, 2011 Mai 30

Using multiple time frames to trade.
We take three charts of the same security. First is the hourly (weekly) chart. Next chart is the 15min (daily) chart. Third chart is the 5min (hourly) chart.
We will now use the 15min (daily) chart to trade. We check the hourly (weekly) chart for the hourly (weekly) trend. Let assume the hourly (weekly) trend is up. So based on this information we will just trade long positions in the 15min (daily) chart.
We look for a buy opportunity in the 15min (daily) chart or we can see the 5min (hourly) chart to enter a long position.
Now for entering additional positions (Pyramiding) we use buy opportunities in the 5min (hourly) chart. We would exit based on the 15min (daily) chart only, because we were trading based on the 15min (daily) chart.

Similarly we can trade short where hourly (weekly) charts are in a downtrend and 15min (daily) chart generates sell opportunity. Additional positions are entered whenever sell opportunities are generated on the 5min (hourly) charts.

Appendix:
() are for higher Time Frames: Weekly, Daily, Hourly

EURUSD, M15, 2011 Mai 30

For Day trading we can use the Hourly, 15 Min and 5 Min charts here we trade the 15 Min chart. Or we can use 15 Min, 5 Mins and 3 Mins charts here we trade the 5 Mins chart.

Something like that, and i like that. I try to use fewer charts rather then more of them, since i wont have to switch so much between them. If i find one thing makes sense on H4 for example, i just fit that calculation into some other timeframe if there is a need for. So for an example the MA 96 is the dayliy exponential average. And i have that since from trading envelopes on M1 i noticed increase in volatility around it. On M1 thats a MA 1440. Now MA 96 on M15 is not exactly the same as MA 1440 on M1, since the candles are divided based on fifteen minute periods rather then minutes and so on.

But i guess thats very much personal preference, if i had a lot more screens and room i would probably keep a lot more charts.

I like to study the dynamics of hwole and half day exponential averages anyway, there is exciting things going on between them when we get some separation.

EURUSD, M15, 2011 Mai 30

Set a Short at M15 and trade some M1 (up & downs) by holding the M15 short.

Im glad if you find any use for those calculations buddy!

Part 2

Im off up north for a bit tommorrow so will probably not make any trades.

Thank you Yaed, however it's not the normal way to trade the Keltner Channel. You have to trade it like this example below, ...I'm sure you know it!.
See #11, #12, please.

(It were more the shallow angle and narrow separation of the EMA Lines at M5 [#7] that indicated a slow moving and ranging market to do so these short entries then at M1).

Capture Profits Using Bands And Channels

by Richard Lee (Contact Author | Biography)

Widely known for their ability to incorporate volatility and capture price action, Bollinger bands have been a favorite staple of traders in the FX market. However, there are other technical options that traders in the currency markets can apply to capture profitable opportunities in swing action. Lesser-known band indicators such as Donchian channels, Keltner channels and STARC bands are all used to isolate such opportunities. Also used in the futures and options markets, these technical indicators have a lot to offer given the vast liquidity and technical nature of the FX forum. Differing in underlying calculations and interpretations, each study is unique because it highlights different components of the price action. Here we explain how Donchian channels, Keltner channels and STARC bands work and how you can use them to your advantage in the FX market.

Donchian Channels
Donchian channels are price channel studies that are available on most charting packages and can be profitably applied by both novice and expert traders. Although the application was intended mostly for the commodity futures market, these channels can also be widely used in the FX market to capture short-term bursts or longer-term trends. Created by Richard Donchian, considered to be the father of successful trend following, the study contains the underlying currency fluctuations and aims to place profitable entries upon the start of a new trend through penetration of either the lower or upper band. Based on a 20-period moving average (and thus sometimes referred to as a moving average indicator), the application additionally establishes bands that plot the highest high and lowest low. As a result, the following signals are produced:

 

1. A buy, or long, signal is created when the price action breaks through and closes above the upper band.
2. A sell, or short, signal is created when the price action breaks through and closes below the lower band.

The theory behind the signals may seem a little confusing at first, as most traders assume that a break of the upper or lower boundary signals a reversal, but it is actually quite simple. If the current price action is able to surpass the range's high (provided enough momentum exists), then a new high will be established because an uptrend is ensuing. Conversely, if the price action can crash through the range's low, a new downtrend may be in the works. Let's look at a prime example of how this theory works in the FX markets.

http://i.investopedia.com/inv/articles/site/Bands1x.gif
Figure 1: A typical example of the effectiveness of Donchian channels Source: FXtrek Intellicharts

In Figure 1, we see the short, one hour time-framed euro/U.S. dollar currency pair chart. We can see that, prior to December 8, the price action is contained in tight consolidation within the parameters of the bands. Then, at 2am on December 8, the price of the euro makes a run on the session and closes above the band at Point A. This is a signal for the trader to enter a long position and liquidate short positions in the market. If entered correctly, the trader will gain almost 100 pips in the short intraday burst.

Keltner Channels
Another great channel study that is used in multiple markets by all types of traders is the Keltner channel. The application was introduced by Chester W. Keltner (in his book "How To Make Money In Commodities" (1960)) and later modified by famed futures trader Linda B. Raschke. Raschke altered the application to take into account average true range calculation over 10 periods. As a result, the volatility-based technical indicator bears many similarities to Bollinger bands. The difference between the two studies is simply that Keltner's channels represent volatility using the high and low prices, while Bollinger's studies rely on the standard deviation. Nonetheless, the two studies share similar interpretations and tradable signals in the currency markets. Like Bollinger bands, Keltner channel signals are produced when the price action breaks above or below the channel bands. Here, however, as the price action breaks above or below the top and bottom barriers, a continuation is favored over a retracement back to the median or opposite barrier. (To learn more, see Discovering Keltner Channels And The Chaikin Oscillator and The Basics Of Bollinger Bands.)

 

1. If the price action breaks above the band, the trader should consider initiating long positions while liquidating short positions.
2. If the price action breaks below the band, the trader should consider initiating short positions while exiting long, or buy, positions.

Let's dive further into the application by looking at the example below.

http://i.investopedia.com/inv/articl...-Keltner21.gif
Figure 2: Three profitable opportunities are presented to the trader through Keltner. Source: FXtrek Intellicharts

By applying the Keltner study to a daily charted British pound/Japanese yen currency cross pair we can see that the price action breaks above the upper barrier, signaling for the trader to initiate long positions. Placing effective entries, the FX trader will have the opportunity to effectively capture profitable swings higher and at the same time exit efficiently, maximizing profits. No other example is more visually stunning than the initial break above the upper barrier. Here, the trader can initiate above the close of the initial session burst above at Point A on July 17. After the initial entry is placed above the close of the session, the trader is able to capture approximately 300 pips before the price action pulls back to retest support. Subsequently, another position can be initiated at Point B, where momentum once again takes the position approximately 350 pips higher

STARC Bands
Also similar to the Bollinger band technical indicator, STARC (or Stoller Average Range Channels) bands are calculated to incorporate market volatility. Developed by Manning Stoller in the 1980s, the bands will contract and expand depending on the fluctuations in the average true range component. The main difference between the two interpretations is that STARC bands help to determine the higher probability trade rather than standard deviations containing the price action. Simply put, the bands will allow the trader to consider higher or lower risk opportunities rather than a return to a median.

1. Price action that rises to the upper band offers a lower risk sell opportunity and a high-risk buy situation.
2. Price action that declines to the lower band offers a lower risk buy opportunity and a high-risk sell situation.

This is not to say that the price action won't go against the newly initiated position; however, STARC bands do act in the trader's favor by displaying the best opportunities. If this indicator is coupled with disciplined money management, the FX enthusiast will be able to profit by taking on lower risk initiatives and minimizing losses. Let's take a look at an opportunity in the New Zealand dollar/U.S. dollar currency pair.

http://i.investopedia.com/inv/articles/site/Bands2.gif
Figure 3: A great risk to reward is presented through this STARC bands example in the NZD/USD. Source: FXtrek Intellicharts

Looking at New Zealand dollar/U.S. dollar currency pair presented in Figure 3, we see that the price action has been mounting a bullish rise over the course of November, and the currency pair looks ripe for a retracement of sorts. Here, the trader can apply the STARC indicator as well as a price oscillator (Stochastic, in this case) to confirm the trade. After overlaying the STARC bands, the trader can see a low-risk sell opportunity as we approach the upper band at Point A. Waiting for the second candle in the textbook evening star formation to close, the individual can take advantage by placing an entry below the close of the session. Confirming with the downside cross in the Stochastic oscillator, Point X, the trader will be able to profit almost 150 pips in the day's session as the currency plummets from 0.7150 to an even 0.7000 figure. Notice that the price action touches the lower band at that point, signaling a low-risk buy opportunity or a potential reversal in the short-term trend.

Putting It All Together
Now that we've examined trading opportunities using channel-based technical indicators, it's time to take a detailed look at two more examples and to explain how to capture such profit windfalls.

In Figure 4 we see a great short-term opportunity in the British pound/Swiss franc currency cross pair. We'll put the Donchian technical indicator to work and go through the process step by step.

http://i.investopedia.com/inv/articles/site/Bands4.gif
Figure 4: Applying the Donchian channel study, we see a couple of extremely profitable opportunities in the short time frame of a one-hour chart. Source: FXtrek Intellicharts

These are the steps to follow:

1. Apply the Donchian channel study on the price action. Once the indicator is applied, the opportunities should be clearly visible, as you are looking to isolate periods where the price action breaks above or below the study's bands.

2. Wait for the close of the session that is potentially above or below the band. A close is needed for the setup as the pending action could very well revert back within the band's parameters, ultimately nullifying the trade.

3. Place the entry at slightly above or below the close. Once momentum has taken over, the directional bias should push the price past the close.

4. Always use stop management. Once the entry has been executed, the stop should always be considered, as in any other situation.

Applying the Donchian study in Figure 4, we find that there have been several profitable opportunities in the short time span. Point A is a prime example: here, the session closes below the bottom channel, lending to a downside trend. As a result, the entry is placed at the low of the session after the close, at 2.2777. The subsequent stop will be placed slightly above the high of the session, at 2.2847. Once you are in the market, you can either liquidate your short position on the first leg down or hold on to the sell. Ideally, the position would be held in retaining a legitimate risk to reward ratio. However, in the event the position is closed, you may consider a re-initiation at Point B. Ultimately, the trade will profit over 120 pips, justifying the high stop.

Defining a Keltner Opportunity
It's not just Donchians that are used to capture profitable opportunities - Keltner applications can be used as well. Taking the step-by-step approach, let's define a Keltner opportunity:

1. Overlay the Keltner channel indicator onto the price action. As with the Donchian example, the opportunities should be clearly visible, as you are looking for penetration of the upper or lower bands.

2. Establish a session close of the candle that is the closest or within the channel's parameters.

3. Place the entry four to five points below the high or low of the session's candle.

4. Money management is applied by placing a stop slightly below the session's low or above the session's high price.

Let's apply these steps to the British pound/U.S. dollar example below.

http://i.investopedia.com/inv/articl...-Keltner41.gif
Figure 5: A tricky but profitable catch using the Keltner channel Source: FXtrek Intellicharts

In Figure 5, we see a very profitable opportunity in the British pound/U.S. dollar major currency pair on the daily time frame. Already testing the upper barrier twice in recent weeks, the trader can see a third attempt as the price action rises on July 27 at Point A. What needs to be obtained at this point is a definitive close above the barrier, constituting a break above and signaling the initiation of a long position. Once the chartist receives the clear break and closes above the barrier, the entry will be placed five points above the high of the closed session (entry). This will ensure that momentum is on the side of the trade and the advance will continue. The notion will place our entry precisely at 1.8671. Subsequently, our stop will be placed below the low price by one to two points, or in this case at 1.8535. The trade pays off as the price action moves higher in the following weeks with our profits maximized at the move's high of 1.9128. Giving us a profit of over 400 pips in less than a month, the risk reward is maximized at more than a 3:1 ratio.

Conclusion
Although Bollinger bands are more widely known, Donchian channels, Keltner channels and STARC bands have proved to offer comparably profitable opportunities. By diversifying your knowledge and experience in different band-based indicators, you'll be able to seek a multitude of other opportunities in the FX market. These lesser-known bands can add to the repertoire of both the novice and the seasoned trader.

by Richard Lee (Contact Author | Biography)

Richard Lee is currently a contributing editor of the Daily Reckoning. Employing both fundamental and technical models, Lee has previously been featured on DailyFX.com, Bloomberg, FX Street.com, Yahoo Finance and Trading Markets.com. In analyzing the markets, he draws from an extensive experience trading fixed income and spot currency markets in addition to previous stints in options, futures and equities.

http://www.investopedia.com/articles...dsChannels.asp

Forex Trading Online with Keltner Channels

Keltner channels all fall into the general category of envelopes, which consist of three lines – a middle line and two outer lines. Envelope theory holds that price has the greatest probability of falling within the boundaries of the envelope. When Forex Trading Online price falling outside the envelope boundaries is considered an anomaly and therefore provides a trading opportunity.

First Some History

Keltner Channels were developed by Chester W. Keltner. They were first introduced in the book "How To Make Money in Commodities", by Chester W. Keltner and are explained in the book "The New Commodity Trading System and Methods" by Perry Kaufman.

The Keltner Channel is based on the Average True Range and is sensitive to volatility.
It may be used in place of standard deviation (Bollinger) bands or percentage envelopes.
Originally, Keltner had his system buy when the close exceed the upper channel and sell when the close was below the lower channel. Basically, penetration exceeding the channels showed a strong bullish or bearish momentum and presumably the momentum would continue.
However, there is no reason why not to use Keltner Channels the same way as other price envelopes such as Bollinger Bands. When using Bollinger Bands ninety five percent of price movement occurs within the bands. The upper and lower bands are considered as extremes of the price movement and are a warning that price exhaustion may be occurring. Buy signals occur when the price is below the lower band and sell signal occur when price exceeds the upper band.

Calculation of Keltner Channels
Construction of Keltner Channels is simple. You have a mid band based on the average of the high, low and closing price with a band on each side formed from a 9 simple moving average of the daily high minus the daily low. This would be represented as:
Average Price (AP) = (C+H+L)/3
Band Moving Average = 9Day Simple Moving Average (SMA)
of (High – Low)
Middle Moving Average = 9Day SMA of AP
Upper Band = Middle Moving Average + Band MA
Lower Band = Middle Moving Average – Band MA

Why the 9 simple moving average you may ask?
Because that moving average have been working for us and many others.
Rest assured there is nothing supernatural about the number, other combinations of numbers might work just as well, the trick is in learning how to use Keltner Channels at one setting and to stick with it until it eventually proves to work or not to.

Keltner Channels work great in any time frame, the more trending the forex market, the better chance for success using the Keltner Channel.

Forex Trading example

Below is an hourly forex trading online chart with the Keltner Channel set at 9. We are looking for price breakouts outside the channel with the candle not only outside or touching the line but having also closed outside the upper and lower line of the Keltner Channel. Look at the crosshair below.

http://www.daytradeology.com/images/keltner1.jpg

We will add a filter to identify our trades as usual and in this case we like to use the Commodity Channel Index (CCI) set at 14. Below is the same hourly forex trading online chart again, this time with the CCI set at 14, look at the crosshair on the chart:

http://www.daytradeology.com/images/keltner2.jpg

Trading rules (Going Long)

1. Have your forex chart set up with the CCI indicator at 14 and Keltner Channel setting at 9.
2. Enter long whenever price closes outside the upper line of the Keltner Channel TOGETHER with the CCI crossing into overbought. (Position of crosshair)
3. Your stop loss will be the first candle closing below the lower Keltner Channel line.
4. Exit your trade whenever price retraces to touch the middle Keltner Channel line.

Conclusion

As with all forex trend following systems, the Keltner Channel works well in up trends or down trends, but doesn't work well in a sideways channel. As a forex trend following system it is not meant to catch tops or bottoms and should be used in combination with other indicators, such as RSI or MACD, to provide confirmation of the strength of a market.

http://www.daytradeology.com/keltnerchannels.html

Trade Example
EURUSD, M15, 2011 Mai 30

Yupp thats what they where thinking, they make it sound easy sometimes.

...and you can trade the Keltner Channel like this way below, see #16, please!

Identifying Overbought and Oversold Markets using The Keltner Channel

The Keltner Channel was developed by Chester Keltner back in the early 1960s. He is a well-known commodity trader, especially grains.
It is a volatility-based indicator that makes use of the "envelope theory." Moving average bands (or channels), like the Keltner Channel, fall into the general category of envelopes. These envelopes consist of three lines: a middle line and two outer lines. Envelope theory states that the market price will generally fall between the boundaries of the envelope (or channel). If prices move outside the envelope, it is a trading signal or trading opportunity. Some have used the Keltner Channel as a trading system.
The Keltner Channel can be used to help identify overbought and oversold conditions in a market. When a market's price is close to the upper band, the market is considered overbought. Conversely, when a market's price is close to the bottom band, the market is considered oversold. However, this study can be used to help determine the strength of a price trend. Some traders use a market price move and price close that is above the upper band of the Keltner channel as a buy signal, and use a push below and price close below the lower band as a sell signal.
An advantage of Keltner Channel compared to other channel indicators is that market lag is not as pronounced because Keltner Channels are extremely sensitive to fluctuations in volatility.
The Keltner channel is not as well known as other channel methods, such as Bollinger Bands or the Commodity Channel Index (CCI).
To calculate the center-line moving average of the Keltner Channel, you take a moving average-usually 10 periods. You then multiply that moving average price by a number, such as 1.5, to plot the upper and lower bands.
Well-known and respected trader and educator Linda Bradford Raschke has relied upon Keltner channels in her trading methods. When I was a reporter for FWN several years ago, I did a feature story on her.
She says Keltner Channels can serve as buy and sell stops by which to enter or exit a position. Keltner's original system was traded on a stop-and-reverse basis, which was mildly profitable, said Raschke.
By varying the bands on the most recent average daily price range, the channels will naturally be a greater distance from the market when the price swings are wide than when they are narrow. However, they will stay at a much more constant width than other envelope methods.
"You can see how you would have participated in the majority of a trend if you used Keltner's rules. Unfortunately, you would have experienced many whipsaws, too. This is because the system's intentions are to keep you in the market all the time," Raschke said.
"I put Keltner channels set at 2.5 times the 20-day moving average daily range, centered around the 20-period moving average. This is wide enough so that it contains 95% of the price action. In flat-trading markets, as indicated by flat moving averages, it serves as a realistic objective to exit positions. However, I find its greatest value is in functioning as a filter to signal runaway market conditions, much as a rising ADX would do." (The ADX, or directional movement index, helps determine market trend.)
"Keltner channels will identify runaway markets caused by a large standard deviation move or momentum thrust. Thus, they can alert one much earlier to unusual volatility conditions than the ADX, which has a longer lag. On the other hand, (Keltner channels) will not capture the slow, creeping-trend market that an ADX will indicate," said Raschke.
Her rule for defining trending markets: "If the bar (on the bar chart) has a close outside the Keltner channel, or trades 50% of its range outside the band, with a close in the upper half of its trading range, the market should not be traded in a counter-trend manner."
Jim Wyckoff

http://www.actionforex.com/articles-...2007072025297/

Forex Strategy "Keltner Channels"
Published: 10.08.2009


Forex Strategy “Keltner Channels” - a very powerful and is a simple trading system that helps a trader forex clearly: when the market presence of the trend, and when the Flat and, if properly used, allows you to take profits from the market permanently.
Multicurrency strategy and works on any taymfreymah, but H1 and preferably higher (as will be fewer false signals).
Keltner Channels - this kind of price envelopes or bands, above and below EMA (10), by multiplying its value by the amount of ATR.
That’s why - it’s quite interesting price channels. And precisely because they are very well connected by 2 important indicator forex: exponential moving average Forex indicator, and ATR.
And so we need to trade:
1) Indicator Forex - KeltnerChannels.mq4 (you can download at the end of the forex strategy)
2) Indicator ADX (14), just need to add a level of 30

The conclusion of the transaction for the sale of forex strategy “Keltner Channels”:


http://strategy4forex.com/wp-content.../08/kkelt2.gif


The deal for the sale of open pending order (hereinafter Lowe closed candles) or from the market, when the following conditions:

 

1. Candle closed below the red line indicator forex KeltnerChannels
2. -DX + DX crossed to the channel of Perforation Keltnera (just as well if you crossed a level-DX 30)
3. The green line indicator ADX crossed your level 30 (or very close to him and raised the bottom-up)

Stop-loss - for the setting of a local maximum or above the blue line feed Keltnera.
Teyk-profit is not fixed, but the position is closed as soon as the candle rose back above the red line the channel Keltnera, or trailing stop.
For the purchase of forex strategy “Keltnera Channels:
The deal on the purchase of open pending order (higher Hai closed candles) or from the market, when the following conditions:

 

1. Candle closed above the blue line indicator forex KeltnerChannels
2. + DX-DX crossed to the channel of Perforation Keltnera (just as well if you crossed a level-DX 30)
3. The green line indicator ADX crossed your level 30 (or very close to him and raised the bottom-up)

Stop-loss - set a minimum or below the red line the channel Keltnera.
Teyk-profit is not fixed, but the position is closed once the candle closes below the blue line back channel Keltnera or the trailing stop.

http://strategy4forex.com/wp-content.../08/kkelt3.gif


Download Forex Indicator KeltnerChannels.mq4
Download a template for strategy forex “Keltnera Channels” - KeltnerChannels.tpl

http://strategy4forex.com/simple-for...-channels.html

I had a look at some of those first Keltner calculations you posted, but i couldnt see what use it would be to me, ill have a look at the later ones when i get around to it. I made a few trades here in Luleå while waiting for my aunt. Opened a new demo since i dont want to trade my live account on an old and laggy computer. It took a while before i remembered i have to allow experts to get the scripts to work so i had to make orders by hand. Well finally i figured out to allow experts. I added an extra zero on the demo account balance, more then im used to so i got a bit scared when i saw those big numbers when i used the script i set to 1% of max loss of total account. But i quickly saw it was the way it should. ¨

Anyway i thought id get at least a bit creative so i didnt download my template but instead i made one on the fly in a couple of minutes. Looks like this (14" laptop screen so i had to make all the space count).

Kinda looks like youre templates Cube. I mostly watched how the candles on M1 developed for the trades.

Hi Yaed

These articles which I've presume to upload on your board should give only a broader information. Every person should make up his/her own mind and could run around these parameters. When I read something I can often work out my own ideas. May be it's on your way or not. I'm sure so are you. Life is what you make it!

Best regards!...and kindest regards to you aunt!
FXcube

Yupp i know its pretty basic info. I used to try different indies and see how they can work together and tune them and so on. These days its more like i look at my memory of how price usually behaves and i try to decide some sort of place of when id like to enter, and then i sit in front of the computer and asemble and tune the indies until it fits what i had in mind. Or i dont use indies at all i just look for what i had in mind in the PA.

My thinking for today was something like: Ill let M15 guide my M1 trades. As i place the trade it needs to make sort of sense on M15, while also making some sense on M1. I need to see some break or serious attempt at a break of S/R, moving or fixed before i enter, on both TF.

I am a bit adverse to the idea of only trading one direction on a short TF only if it i set my mind on a higher TF to do so. I mean trendwise... Probably that has something to do with the fact that i dont like the idea of trend at all. When i later analyzed the trades i made yesterday, i saw that i should have had a M1 window in wiev, i would probably have got in a lot better if i did, hopefully more like today.

I see Pa today have been and is continuing to be quite boring. No trades tommorrow for me, and thursday is holiday. Might make a few trades on friday if i can find the time.

Today i seem to be pretty much in tune with price anyway, a litte more then 0.8% in two hours, at not so big risk. Ill say hello to my aunt from my friend in Switzerland!