Am I suppose to use LESS indis ?????( But I don't know how)
- #508,701
- Aug 3, 2011 12:49pm Aug 3, 2011 12:49pm
- Joined May 2011 | Status: [Forex]X-Ray | 4,835 Posts
- #508,702
- Aug 3, 2011 12:49pm Aug 3, 2011 12:49pm
- | Joined Apr 2010 | Status: Trader | 1,035 Posts
Hi Pat,
some people here only trade from one TF. I think that that is very dangerous, especially when you are new to trading.
MTF approach is, at least for me, the only trading approach one should go.
If you trade the 5min, you should open a 1 min and a 15min (or30min) chart as well. Yes, it needs some time and training to observe all three TF's, but it will sometime reward you. 15min is for trend, 1min for entry and exits.
with a comment that i'd recommend trading high timeframes (D1, H4) used to identify the direction and than going to lower timeframes (m15 & m5) to find best opportunities for entries. it's hard to get any kind of a decent bias from m5 or m15.
big numbers are our friends...
- #508,703
- Aug 3, 2011 12:51pm Aug 3, 2011 12:51pm
- Joined Jun 2010 | Status: zero | 20,603 Posts
In fact infinitus encourage me to use 15M, 1M and even 30 M. I'm not sure what Astroman question is all about ???.
Thanks infinitus for pointing me to correct directions
you use either the 15 or the 30. If you like to have a fourth TF the set could look like
1, 5, 15, 1h or
1, 5, 30, 2h
- #508,704
- Aug 3, 2011 12:51pm Aug 3, 2011 12:51pm
Hi Pat,
some people here only trade from one TF. I think that that is very dangerous, especially when you are new to trading.
MTF approach is, at least for me, the only trading approach one should go.
If you trade the 5min, you should open a 1 min and a 15min (or30min) chart as well. Yes, it needs some time and training to observe all three TF's, but it will sometime reward you. 15min is for trend, 1min for entry and exits.
Listen to him...
- #508,705
- Aug 3, 2011 12:53pm Aug 3, 2011 12:53pm
- Joined Mar 2010 | Status: aka QueenB | 4,808 Posts
Holy sh!t!!!
Are you honest?
Let me see what I see:
Ichimoku
Bollinger Bands
Kind of MA-ribbon
Heikin-Ashi
Coral
2 MA's
RSI black fog mode
MAS
MACD
Kuskus Starlight
Laguerre ACS with something I do not know
Only thing I can not constantly follow is PRICE
No, come on, you are kidding. Are you?
- #508,706
- Aug 3, 2011 12:55pm Aug 3, 2011 12:55pm
- Joined Aug 2009 | Status: Ride the Pig | 31,271 Posts
Look Sharp/Trade Tight
- #508,707
- Aug 3, 2011 12:55pm Aug 3, 2011 12:55pm
- Joined Jul 2007 | Status: Trader | 17,796 Posts
Am I suppose to use LESS indis ?????
Try it for a few time it's magic
COT: The precious data ignored
- #508,709
- Aug 3, 2011 12:56pm Aug 3, 2011 12:56pm
- | Joined Apr 2010 | Status: Trader | 1,035 Posts
big numbers are our friends...
- #508,711
- Aug 3, 2011 12:59pm Aug 3, 2011 12:59pm
- Joined May 2011 | Status: [Forex]X-Ray | 4,835 Posts
either this guy is pulling our chain, or he is a serious noob...either way...
- #508,712
- Aug 3, 2011 1:02pm Aug 3, 2011 1:02pm
- Joined Mar 2010 | Status: aka QueenB | 4,808 Posts
either this guy is pulling our chain, or he is a serious noob...either way...
- #508,717
- Aug 3, 2011 1:13pm Aug 3, 2011 1:13pm
Here my Chart. To see how I trade
Thanks for your concern.
I try my best to diligent with my account.
Now I'm really in mess.
Personally thats way way too much information - I like to be able to see the raw charts clearly - just a few guide lines on them that Ive drawn and thats about it - anything more is far too distracting.
I dont really use indicators below either - just little volume bars.
Each to their own I guess.
- #508,719
- Aug 3, 2011 1:15pm Aug 3, 2011 1:15pm
- Joined Jun 2010 | Status: zero | 20,603 Posts
OMG
Personally thats way way too much information - I like to be able to see the raw charts clearly - just a few guide lines on them that Ive drawn and thats about it - anything more is far too distracting.
I dont really use indicators below either - just little volume bars.
Each to their own I guess.
What volume?
