Trading Made Simple for Day Charts

Quoting Nellycopter

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Are there any negatives that you can see with this entry point ? Would you wait for the break of the fractal ? nelly

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Quoting Britpip7

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{quote} Only one that I can see would be the zones created during the pullbacks from the down trend, but these only really take effect when there is a tie in with the weekly price stalls - the nearest resistance on weekly is 100+pips away, so looking good. Not waiting for the Day Fractal high to be broken

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Quoting Buttonjock

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{quote} Interesting looking channels and divergence too. Very positive weekly chart forming as well. I believe the PA has three inverted hammers (?), last weeks being engulfing? I think my only concern would be not having a higher close than the previous week as there's a fair bit of potential resistance around .9300 {image} {image}

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Quoting Britpip7

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I now focus on 12 pairs and have these on 12 up charts for PA and TDI - I have these set up in Profles and have them set for Day / H4 and H1. It's easy to set up - ........{image} {image}

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Quoting AlbinaGrande

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{quote} Hi David, I am a big fan of this approach but because I am looking for the longer term Trends, I add the Weekly TF for a bigger picture view. I also smooth the HA candles, n=2, for starker contrasts. The best Trends will then be a bit easier to spot with persistent color change, growing candles and the absence of near side wicks. The reappearance of near side wicks can be a clue that time may be growing short for the Trend long before a color change. I hope that you do not mind, but I have enclosed an example. {image} Best, AG

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Quoting Britpip7

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{quote} Heads Up - As the H4 candle enters its final hour before the day candle closes, there is a pullback in play. If we see PA going lower in the Asian session, this may well turn into a channel range for PA. Current channel range is 250 pips. ATR7 is 140pips. If you are entering with 2 positions, I would recommend setting TP1 at around 100pips and moving to BE once you get 30 to 40 pips ahead. BRN and weekly support at 0.9000. Same caution applies on other pairs. {image}

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Quoting Britpip7

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I now focus on 12 pairs and have these on 12 up charts for PA and TDI - I have these set up in Profles and have them set for Day / H4 and H1. It's easy to set up - go to profiles and click on Default. Create a chart and save it as a template - right click and go to Template and Save Template. Open 12 new charts for the pairs you trade - doesn't have to be 12 - your choice - and set them up from your template folder to the chart set up that you use and then go to Window and click Tile Vertically. then save the profile. You can scan the day and h4...

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Quoting Erebus

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{quote} If you use these 2 SCRIPTS you don't have to change Profiles, just change the time frame with a few clicks, then change the Template with a few more clicks It helps if your Templates are on top of the list, the Scripts count from Zero - 0, so if your Template is at the very top, no need to enter a number when it is run Time frame is the usual MT4 convention in minutes, eg 15, 60, 240, 1440 Hope that helps someone {file} {file} {file} {file}

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Quoting Nellycopter

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hi Guys, do most people look at other time frames up and down from the daily to find the entry point and or is it just experience that means you don't have to ?? Britpip, I think I read that you (I may be wrong, it may not have been you) at the beginning of this thread said that you don't look at lower time frames - you base all your trades on the daily chart. (apologies if not you)((didn't want to have to re-read 70pages......)) I think I may be looking and analysing the H4 and weekly too much ?? and seeing conflicting info ! any guidance for a...

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Quoting Nellycopter

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hi Guys, do most people look at other time frames up and down from the daily to find the entry point and or is it just experience that means you don't have to ?? Britpip, I think I read that you (I may be wrong, it may not have been you) at the beginning of this thread said that you don't look at lower time frames - you base all your trades on the daily chart. (apologies if not you)((didn't want to have to re-read 70pages......)) I think I may be looking and analysing the H4 and weekly too much ?? and seeing conflicting info ! any guidance for a...

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Quoting Buttonjock

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{quote} As much as I'm still learning this system, I find looking at the weekly charts helpful for a longer term trend.

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Quoting kingclarence

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Well after a brief hiatus im back.Glad to see you guys still at it.Havent looked at a chart or traded in months lol.I feel like im starting over.

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