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Another simple system - Time-Frame 15

  • #1,741
  • May 19, 2012 3:57am May 19, 2012 3:57am
hello folks..i will start discussing how i look at HTF and analyse the chart. There was a bounce on the 3rd touch of the trend line.how do we know if its going to bounce off.look at those candles(a)it was trying to pierce but could not...we are already expecting a bounce...these candle confirms it and look at the TDI now...(b).and look at( C)...a baby will know what will happen if the price reaches at this level (c).what is hard in this ?.open ur eyes folks...
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  • #1,742
  • Edited 4:00am May 19, 2012 3:58am | Edited 4:00am
Ok I'm going to try & post a chart, I have been watching several pairs on my demo account including aud/jpy, I though this was a bit late in the day & being Friday wasn't sure how much movement there would be on this pair, tried anyway, 4pm gmt,but it worked!
I only took 10 pips & aimed for the RN. As you can see it went on for 60 pips.
Not uploaded a chart before so if theres notthing attached please dont ask for chart!
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  • #1,743
  • May 19, 2012 4:10am May 19, 2012 4:10am
its the same chart 15min.the price has touchd the RN once before LO and bounced off.and when LO the price started to climb up see the bull candle and at the sae time look at tdi..it shows a buy signal.there is a bullish divergence aswell...


4 things:-

a) HTF-DEMAND LEVEL

b) RN

C) TDI

D) DIVERGENCE
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  • #1,744
  • May 19, 2012 4:22am May 19, 2012 4:22am
Quoting loveevery1
its the same chart 15min.the price has touchd the RN once before LO and bounced off.and when LO the price started to climb up see the bull candle and at the sae time look at tdi..it shows a buy signal.there is a bullish divergence aswell...


4 things:-

a) HTF-DEMAND LEVEL

b) RN

C) TDI

D) DIVERGENCE
this is how you need to look at the chart...if you blindly follow the TDI signals you will fail...always look for whats happening on the HTF..
Let all the living things live blissfully
  • #1,745
  • May 19, 2012 5:33am May 19, 2012 5:33am
Two Chart with same time frame and with differnt setting.

Indi react dirrently at higher PA and need to adjust setting to get the true PA.

May be end of the week and Indi does not react due to loss of momentum.
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We are in control of our destiny but have no control over our fate.
  • #1,746
  • May 19, 2012 5:55am May 19, 2012 5:55am
I will not be discussing Trading inbetweent the lines...it will give you more fakeys...you can take it if you are experienced.just watch out for the distance between the lines....more wide more better...wait for the price to get rejected by any of the EMAs and go for it....
Let all the living things live blissfully
  • #1,747
  • May 19, 2012 6:13am May 19, 2012 6:13am
Always watch out for the 10ema rejection.after the market opens this will tell you what is going on the chart you can go long or short based on that,,,,dont try to save or lose 1 or 2 pips...just go with the flow of the market....do not overthink.trust what you have learnt and go for it...trust youself
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  • #1,748
  • May 19, 2012 6:23am May 19, 2012 6:23am
sometimes, we got a shake out by the market for weak holder. This part of forex games.

If you have an entry with proper SL set, you shouldn't fall during the shake out.

chart below to illustrate simple shake out.

Assange
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We are in control of our destiny but have no control over our fate.
  • #1,749
  • May 19, 2012 6:25am May 19, 2012 6:25am
Quoting Assange
... BETA Testing Pro Version, to compare setting and signal. ..... Assange

What is Pro Version?

Regards,
Blackeagle
  • #1,750
  • May 19, 2012 7:39am May 19, 2012 7:39am
Look at the price bouncing off between the lines...you certainly can squeeze some pips between them.but you should know how the price moves between them...always look for rejects...you should learn how to spot a reversal.sometimes there would be some profit taking when the price approaches the critical area...it will drop 15 pips..and then continue in the same direction...you should learn how to spot them...see picture
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  • #1,751
  • May 20, 2012 1:29pm May 20, 2012 1:29pm
Well said Arjun,

I pwersonally like to take positions based on the 1 hour chart. However I use the four hour chart to tell me which way I should be trading.

If the trend is up on the four hour chart, then I will only be looking to go long on the 1 hour chart, and vice versa if the trend is down.

On the rare occasions when I haven’t stuck to this rule, I have often found that any price movements on the 1 hour chart have run out of momentum very quickly, and I start kicking myself for trading against the long term trend.

So the point Arjun want to get across in this thread is that it often pays to use more than one time frame. By looking at a longer term chart and determining the overall trend, you can put the odds firmly in your favour by only trading in the same direction as this trend on your favoured shorter term chart. It’s not essential of course, but it certainly helps to increase your overall success rate.

Pat
I come from the future.
Karen X Mas Bonus 2025 All Time Profit: $15,104
  • #1,752
  • May 20, 2012 2:13pm May 20, 2012 2:13pm
Quoting Pat Chiko
Well said Arjun,

I pwersonally like to take positions based on the 1 hour chart. However I use the four hour chart to tell me which way I should be trading.

If the trend is up on the four hour chart, then I will only be looking to go long on the 1 hour chart, and vice versa if the trend is down.

On the rare occasions when I haven’t stuck to this rule, I have often found that any price movements on the 1 hour chart have run out of momentum very quickly, and I start kicking myself for trading against the long term trend.

So the...

I am amazed with the 15min result and will follow the progress..

Cheers
  • #1,753
  • Edited 2:24pm May 20, 2012 2:20pm | Edited 2:24pm
Think of it as being lost in the forest. It’s easier to find the way out if you know the direction you’re traveling in.
The macro trend is basically the guide to help traders assess market direction. So it’s going to be important to study the daily and 4 hour time framw.

Anything below the one hour chart will provide you with information on what the currency is doing short-term. This is where you may appreciate the valuee of a trendline or of trading with MA.

A thirty-minute chart may be the map that offers you more intricate directions. It can showcase whether an important level has been pierced. It’s perhaps one of the reason drilling down to smaller frames is crucial.

To see the moves within the trend, the 15-minute chart may be ideal.
If you see something promising in you 15 mins chart, you can tune to hourly chart and see if you are trading any major trend. Go back to 15-minut chart for a selected entry price.

Illustration in comparison.

Pat
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I come from the future.
Karen X Mas Bonus 2025 All Time Profit: $15,104
  • #1,754
  • May 20, 2012 2:35pm May 20, 2012 2:35pm
No matter what your trading strategy is, when you get the signal to enter the market the higher the TF it happens to be a more reliable signal.

A weekly or daily signal is significantly safer than 1hr or 4hr signal, and as stated before once you go under 1hr TF you might as well be flipping a coin just trading decisions.

Once you gain experience about what works and what does not work and to develop a plan for dealing with specific entry and exit rules based on daily and weekly charts, you can look at charts or even 4hr 1hr charts

Fine tune your entry or exit. However, it is said, it is quite possible to just look at daily charts or above and consistently profit in the trdings. Taking this path would be very likely, also less stressful, and also allows you with regular jobs & not worry about minute to minute market fluctuations.

alwaz remember, much of the movement that happens the lower TF is just random noise that does not really tell you anything meaningful.

I come from the future.
Karen X Mas Bonus 2025 All Time Profit: $15,104
  • #1,755
  • May 20, 2012 3:36pm May 20, 2012 3:36pm
Quoting Assange
sometimes, we got a shake out by the market for weak holder. This part of forex games.

If you have an entry with proper SL set, you shouldn't fall during the shake out.

chart below to illustrate simple shake out.

Assange

Smart of you to tweak the code !
Squeezing smooth HTF signal and forcing into LTF. You have managed to sort out the case smoothing will integrate all available data and overcome whipsaw effect in analysis.

One Question ? : It’s possible to say that various price “filtration” methods intended to reduce influence of market fluctuations and will it increase overall efficiency of technical analysis for building of solid forex strategies ?.

In general it must be noted that these indicators show very clearly the prevailing trend.
The weak side of these indicators is the fact that they delay a little, and work bad during flats. In the framework of this "TDI" indicator it must be noted though good time to trade occur between LO * NYO, one really has to be present and near a pc a lot.
I come from the future.
Karen X Mas Bonus 2025 All Time Profit: $15,104
  • #1,756
  • May 20, 2012 7:19pm May 20, 2012 7:19pm
Quoting Pat Chiko
Think of it as being lost in the forest. It’s easier to find the way out if you know the direction you’re traveling in.
The macro trend is basically the guide to help traders assess market direction. So it’s going to be important to study the daily and 4 hour time framw.

[size=3][font=Arial]Anything below the one hour chart will provide you with information on what the currency is doing short-term. This is where you may appreciate the valuee of a trendline or of trading with...
Hey pat, how do you set up a chart to show the TDI's from multiple time frames like that?
  • #1,757
  • May 20, 2012 11:32pm May 20, 2012 11:32pm
Looking for the nexr candle upward
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  • #1,758
  • May 20, 2012 11:39pm May 20, 2012 11:39pm
Quoting robincwk
Looking for the nexr candle upward
Be careful 1 hr and 4 hr charts are showing strong Down trend
  • #1,759
  • May 21, 2012 12:03am May 21, 2012 12:03am
Quoting SteelerKeith
Be careful 1 hr and 4 hr charts are showing strong Down trend

Use to trade using 1hr and 4 hours time frame, see what happen on the 15min TF.
  • #1,760
  • May 21, 2012 12:30am May 21, 2012 12:30am
Try on AUDUSD set up on 15min, just trying and practice, even though is not a good time to trades. Please dont follow. Practice makes prefect.
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