Dislikedi will make three templates . One each for 1 5 15 minute charts as the ichimoku settings are different for each. I think those ichimoku settings are most helpful, although having them makes the chart cluttered as do the fractals... Lol
hopefully these will work well for you.! You will have to make sure that the charts look right.... Especially ichimoku for the higher time frames...
I re uploaded the templates as i think the settings for ichimoku were incorrectIgnored
THV system, final edition
- #22,953
- Edited Nov 21, 2011 2:02am Nov 20, 2011 11:45pm | Edited Nov 21, 2011 2:02am
- Joined Jul 2008 | Status: #welcomebackGator | 2,418 Posts
Yes of course. I look for the usual suspects:
Double tops
Double bottoms
Triangle formations
Flags
Channels
Head and Shoulders
Pinbars
Divergence
Consolidation break
Reversal patterns off strong S/R, major fibs, Pivots, Trendlines
Then I look for a entry on the 1m that confirms that price is indeed going in the direction we would expect it to, based on the pattern.
If you look at my charts you will see that many times I've annotated these patterns as larger waves on the 1m chart.
Edit: Here's an example of taking into consideration the larger timeframes
Here is my setup. Inside a new 5m trix cross, trixes approaching zero, slow trix going flat. But what's that down iin the corner?
Oh it's this.
Doesn't look so inviting anymore does it?
Now, this trade hasn't stopped out yet, and it might still be ok. There is an argument to be made for it since it has broken and bounced off that upper trendline and the yellow area we see here. But why take the chance when there are too many arguments against it. (23 fib, divergence, bounce off of lower trendline that's been holding for days., pinbar on 5 m chart) There are enough setups without taking one that is ambiguous. The only thing that is clear here is that there is going to be a fight between the sellers selling the pivot.the 5m coral, that upper trendline and the yellow area, and the buyers buying bounces off those two trendlines in the H1 chart and the fib. Why get involved when we don't know the outcome. Better to wait until one side wins and then jump on the bandwagon.
And here is the fight. The trade still hasn't stopped out but instead of a quick 10 pips before we can even get the chart annotated we have to put up with a long and suspenseful fight. And we still don't know the outcome - London will probably determine it. Not my cup of tea.
Edit. The original trade turned out ok, but here is where I entered. Looks like the fight has a winner - cloud trend lines and fib broken with momentum, 5m trix crosses together with 15m fast turning back down and 30m trix crossing - result 10 pips in 3 minutes.
Edit - time to add some - heres the profit taking dip winding up
Double tops
Double bottoms
Triangle formations
Flags
Channels
Head and Shoulders
Pinbars
Divergence
Consolidation break
Reversal patterns off strong S/R, major fibs, Pivots, Trendlines
Then I look for a entry on the 1m that confirms that price is indeed going in the direction we would expect it to, based on the pattern.
If you look at my charts you will see that many times I've annotated these patterns as larger waves on the 1m chart.
Edit: Here's an example of taking into consideration the larger timeframes
Here is my setup. Inside a new 5m trix cross, trixes approaching zero, slow trix going flat. But what's that down iin the corner?
Oh it's this.
Doesn't look so inviting anymore does it?
Now, this trade hasn't stopped out yet, and it might still be ok. There is an argument to be made for it since it has broken and bounced off that upper trendline and the yellow area we see here. But why take the chance when there are too many arguments against it. (23 fib, divergence, bounce off of lower trendline that's been holding for days., pinbar on 5 m chart) There are enough setups without taking one that is ambiguous. The only thing that is clear here is that there is going to be a fight between the sellers selling the pivot.the 5m coral, that upper trendline and the yellow area, and the buyers buying bounces off those two trendlines in the H1 chart and the fib. Why get involved when we don't know the outcome. Better to wait until one side wins and then jump on the bandwagon.
And here is the fight. The trade still hasn't stopped out but instead of a quick 10 pips before we can even get the chart annotated we have to put up with a long and suspenseful fight. And we still don't know the outcome - London will probably determine it. Not my cup of tea.
Edit. The original trade turned out ok, but here is where I entered. Looks like the fight has a winner - cloud trend lines and fib broken with momentum, 5m trix crosses together with 15m fast turning back down and 30m trix crossing - result 10 pips in 3 minutes.
Edit - time to add some - heres the profit taking dip winding up
Hello Miss Pips, I am here again with more question, I now we are thousands following you ( perhaps hundred thousands, but all realy grateful with your kindness and the time that you have for us.
Ok, now we know what are you looking for in the 1 min Time frame, but previously , are you seeing other time frames? if yes, what are you looking for in them?
Thanks in advance.
- #22,955
- Edited 2:50am Nov 21, 2011 2:18am | Edited 2:50am
- Joined Jul 2008 | Status: #welcomebackGator | 2,418 Posts
Yes of course. I look for the usual suspects:
Edit - time to add some - heres the profit taking dip winding up
..
Edit - Rainbow view of adding some at the profit taking dip inside the trix crosses.
- #22,957
- Nov 21, 2011 9:41am Nov 21, 2011 9:41am
- Joined Jul 2008 | Status: #welcomebackGator | 2,418 Posts
- #22,960
- Nov 21, 2011 3:15pm Nov 21, 2011 3:15pm
- Joined Jul 2008 | Status: #welcomebackGator | 2,418 Posts