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  • #524,781
  • Aug 16, 2011 10:37pm Aug 16, 2011 10:37pm
Quoting kenfen69
Nicely broken down, brother!

Appreciate those details. Always nice to chew on what you're watching!

Attachment
#524313 we got a db now.. but the rest is still true.. we will have a new s/r in 25 m..
those who can, do. those who cant, talk about those who can
  • #524,782
  • Aug 16, 2011 10:38pm Aug 16, 2011 10:38pm
Quoting Magix
So it would seem...

Watch for rejection, try not to only trigger on assumption.

appreciate it!
  • #524,783
  • Aug 16, 2011 10:38pm Aug 16, 2011 10:38pm
Quoting kenfen69
Hahahahaha...can you imagine! g-man starts bashing out the Russian!
I will die
  • #524,784
  • Aug 16, 2011 10:39pm Aug 16, 2011 10:39pm
Quoting sofia101
To analyse properly you start at list with daily ,and so on ,you can get in a trade on 5 min ,but you need to know witch direction )
That's a Myth...

They all trade the same.

Pick a time frame and trade the direction of it.

Tripping the M1 is the same as hammering the 5ives to daily...
Money Can't Buy Happiness. Poverty Can't Buy SHIT! You Choose!
  • #524,785
  • Aug 16, 2011 10:40pm Aug 16, 2011 10:40pm
Quoting sofia101
To analyse properly you start at list with daily ,and so on ,you can get in a trade on 5 min ,but you need to know witch direction )
i see.. thank you for your input, sofia. cheers!
  • #524,786
  • Aug 16, 2011 10:40pm Aug 16, 2011 10:40pm
Quoting Monroe
haha i never knew seagreen was russian or knew russian... my russian is ochen ploxo... very minimal, but I'm american so it's to be expected...
Well I am american too but I keep my Russian up to date ) I go there or to Ukraine often
  • #524,787
  • Aug 16, 2011 10:41pm Aug 16, 2011 10:41pm
Quoting Magix
That's a Myth...

They all trade the same.

Pick a time frame and trade the direction of it.

Tripping the M1 is the same as hammering the 5ives to daily...
Well thats how I do it )
  • #524,788
  • Aug 16, 2011 10:42pm Aug 16, 2011 10:42pm
Quoting flossbun
is 30 minutes a better time frame for clearer and lesser noise?
As a general rule of thumb the higher the time frame the less noise you will be seeing.

Correct me if I am wrong, while a higher time frame will filter out the noise and false moves you will have to keep in mind the draw downs will be larger, you should anticipate holding the trade longer and to do that you should have ample capital in your account.
  • #524,789
  • Aug 16, 2011 10:43pm Aug 16, 2011 10:43pm
Quoting gatorinla
#524313 we got a db now.. but the rest is still true.. we will have a new s/r in 25 m..
Yeah...that db is staring back at me pretty hard! Picture perfect on H4. We'll see what the new day EST brings.

Still holding that nibbler at 4388. Wouldn't be surprised to see a little push north in the final 15 of this hour. I'll hold...she's small.
  • #524,790
  • Aug 16, 2011 10:44pm Aug 16, 2011 10:44pm
Quoting sofia101
Well I am american too but I keep my Russian up to date ) I go there or to Ukraine often
ahh were you born here? I've been there a few times
  • #524,791
  • Aug 16, 2011 10:44pm Aug 16, 2011 10:44pm
Quoting QweeQwa
As a general rule of thumb the higher the time frame the less noise you will be seeing.

Correct me if I am wrong, while a higher time frame will filter out the noise and false moves you will have to keep in mind the draw downs will be larger, you should anticipate holding the trade longer and to do that you should have ample capital in your account.
True thats where money management comes in )
  • #524,792
  • Aug 16, 2011 10:45pm Aug 16, 2011 10:45pm
Quoting Monroe
ahh were you born here? I've been there a few times
No I was born there in Russia ),but I live in US for a long time )
  • #524,793
  • Aug 16, 2011 10:46pm Aug 16, 2011 10:46pm
Quoting QweeQwa
As a general rule of thumb the higher the time frame the less noise you will be seeing.

Correct me if I am wrong, while a higher time frame will filter out the noise and false moves you will have to keep in mind the draw downs will be larger, you should anticipate holding the trade longer and to do that you should have ample capital in your account.
Correct...but you also need to experience it first hand!

What you describe sounds like a perfect textbook example of how larger TFs should be played in relation to smaller ones. But...like most things in life...you need to taste it, to truly understand it.
  • #524,794
  • Aug 16, 2011 10:47pm Aug 16, 2011 10:47pm
Quoting QweeQwa
As a general rule of thumb the higher the time frame the less noise you will be seeing.

Correct me if I am wrong, while a higher time frame will filter out the noise and false moves you will have to keep in mind the draw downs will be larger, you should anticipate holding the trade longer and to do that you should have ample capital in your account.
i agree with that. with shorter time frame, maybe just a quickie of 10 - 20 pips
  • #524,795
  • Aug 16, 2011 10:47pm Aug 16, 2011 10:47pm
Quoting kenfen69
Yeah...that db is staring back at me pretty hard! Picture perfect on H4. We'll see what the new day EST brings.

Still holding that nibbler at 4388. Wouldn't be surprised to see a little push north in the final 15 of this hour. I'll hold...she's small.
I heard this expression very often. Can someone explain to me what db mean plz
  • #524,796
  • Aug 16, 2011 10:48pm Aug 16, 2011 10:48pm
Quoting QweeQwa
As a general rule of thumb the higher the time frame the less noise you will be seeing.

Correct me if I am wrong, while a higher time frame will filter out the noise and false moves you will have to keep in mind the draw downs will be larger, you should anticipate holding the trade longer and to do that you should have ample capital in your account.
Primary statement is incorrect as well...

Noise is range...compare a M5 to an hourly, plain chart...they trade the same, rules are the same, the only thing that changes is the range...thus the need to adjust MM for a larger draw down...
Money Can't Buy Happiness. Poverty Can't Buy SHIT! You Choose!
  • #524,797
  • Aug 16, 2011 10:50pm Aug 16, 2011 10:50pm
Quoting sofia101
No I was born there in Russia ),but I live in US for a long time )
nice
  • #524,798
  • Aug 16, 2011 10:50pm Aug 16, 2011 10:50pm
Quoting Link
I heard this expression very often. Can someone explain to me what db mean plz
Double Bottom.

Cheers Link!
  • #524,799
  • Aug 16, 2011 10:52pm Aug 16, 2011 10:52pm
Quoting kenfen69
Double Bottom.

Cheers Link!
Thx dude
  • #524,800
  • Aug 16, 2011 10:52pm Aug 16, 2011 10:52pm
I have a daily hourly and 5min up all the time. I use the daily and hourly for my levels and trade off the 5min. My risk is never more than 10 to 20 pips.
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