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Multi Time Frame Analysis for Spot and Binary Options

  • #41
  • Mar 17, 2014 11:56pm Mar 17, 2014 11:56pm
hello Rekon,
A question, to receive market information on market scanner, it collect on the internet or on MT4?
Sorry for my English: Google translator
  • #42
  • Mar 18, 2014 6:47am Mar 18, 2014 6:47am
Quoting Girelli
hello Rekon, A question, to receive market information on market scanner, it collect on the internet or on MT4?
Market Scanner has no connection with MT4, it collects data on its own.
  • #43
  • Mar 18, 2014 6:56am Mar 18, 2014 6:56am
Price is weak , however price is on Support level 2, Daily and Monthly is still up but technicals are on sell so my bet is weakness of price will slowly touch the higher timeframes like H5 and above and market will turn bearish.

Having said that, what we are analysing here is early detection of "trend reversal".

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  • #44
  • Mar 18, 2014 10:15am Mar 18, 2014 10:15am
Hello Rekon,
Look, I took the doc you sent me and put on disk E: Here is the result
Attached Image(s) (click to enlarge)
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Sorry for my English: Google translator
  • #45
  • Mar 19, 2014 6:33am Mar 19, 2014 6:33am
Quoting Girelli
Hello Rekon, Look, I took the doc you sent me and put on disk E: Here is the result {image} {image}
catch me on skype.
  • #46
  • Mar 19, 2014 7:01am Mar 19, 2014 7:01am
This is the second half of the Month. Instead of a bullish Daily and Monthly price is capped under pivot level and testing supports. US session is so far this week on buying E/U. But as I am doing a longer term analysis of catching "Trend Reversal" so I am stilll holding my sale positions on E/U with target of closing the position on Monthly Support 3. This might take another 15 days to 30 days, but it is okey when I am targetting 500+ pips move.

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  • #47
  • Mar 19, 2014 7:47am Mar 19, 2014 7:47am
Hello Rekon, I'm outside, I would touch tomorrow. Thanks
Sorry for my English: Google translator
  • #48
  • Mar 19, 2014 7:53am Mar 19, 2014 7:53am
This is also a known pattern in spot forex trading where we build positions following extreme levels of support and resistances. In Multi time frame analysis it is easy to see all the S/R levels formed in different Time frames and we can plan our entry and exit accordingly.

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  • #49
  • Mar 20, 2014 7:32am Mar 20, 2014 7:32am
So E/U is now down more than 140 pips from the Opened positions. Mind you I do not use any Mt4 terminal for executing the trades, it is based on "Multi-time frame Analysis" Instrument weakness and trend reversal.

Next step is to put a cap on the positions and secure the profit, also let the profits run.

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  • #50
  • Mar 20, 2014 7:43am Mar 20, 2014 7:43am
We need to consider these factors for taking further decisions on the opened positions:

1. Lower Time frame indicates "Short Term Trend Reversal", It is now a selling Market but if reversal happens then it will again turn to buying market.

2. High Volatility so there will be more pips for this instrument, high volume and that can lead to either further price drop or if price gets support then retracement up.

3. Price is presently on support 3, which indicates "short term buy"

4. We need to secure some profit @ R3 levels.

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  • #51
  • Mar 20, 2014 7:49am Mar 20, 2014 7:49am
Now as per the price pyramid system, we will secure some profit by adjusting stops of the opened positions as well as we will re-initiate new positions at R3 levels.

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  • #52
  • Mar 20, 2014 8:14am Mar 20, 2014 8:14am
Skype Group:

I am forming a skype group exclusively for MTFA users. In case you are interested then please PM me.

Pros:

1. You will be able to find other interested traders who are using MTFA or trying MTFA.
2. You can lead a discussion or be a part of the discussion.
3. A group might help you better.
4. Non English speaking members are also welcome, I am sure you will be able to find somebody from your own country.

Cons:

1. I will be joining in the group for merely 2 hours in the US session on an average.
2. We are not providing any signals, it is different approach and only encourage discussions.
  • #53
  • Mar 20, 2014 8:46am Mar 20, 2014 8:46am
whats up brother???are you doing ok with BO?i saw you trade spot too,great job bro!!take care and keep in touch

my best regards ,

Eitan.
when GOD brings you a challenge he also gives you the power to deal with it
  • #54
  • Mar 20, 2014 8:53am Mar 20, 2014 8:53am
Quoting eitan1010
whats up brother???are you doing ok with BO?i saw you trade spot too,great job bro!!take care and keep in touch my best regards , Eitan.


I find it is unnecessary to clutter my thread with lots of different screenshots so objective is to have it "Object-Oriented" also let the others come in and make use of this place.

I will be covering spot and BO both but want to mature this thread a bit more otherwise posting my trades has no point
  • #55
  • Edited 9:54am Mar 20, 2014 9:37am | Edited 9:54am
Hi,

For example, if majority of the technicals is green but the price is at the R1/R2/R3. You will wait it out to place a counter trend trade?

For BO, if I am taking a 30 Min expiry trade, should I be looking at the M30 or H1 timeframe?
  • #56
  • Mar 21, 2014 6:08am Mar 21, 2014 6:08am
Quoting fallingrain
Hi, For example, if majority of the technicals is green but the price is at the R1/R2/R3. You will wait it out to place a counter trend trade? For BO, if I am taking a 30 Min expiry trade, should I be looking at the M30 or H1 timeframe?

For Buy With Trend:
A. Decider Group: Majority is Green
B. Trend: All Green
C. Volatility: High

Price is at S3, S2, S1, Pivot, R1 level

For Counter:
A. Trend will start getting Sell signals.
B. More Overbought signals will be appearing at decider group.
C. Volatility will be high or coming down from high to low

Price is at R3/R2 level


For Binary 30 Mins: consider M5,M15,M30 and H1, H5
  • #57
  • Mar 21, 2014 6:36am Mar 21, 2014 6:36am
Good day to all. so i have finally setup my complementary market scanner version and its running well but i have a lil problem. it takes more than 23 minutes to load about 8 instrument. So please Bro can be done to speed it up a little as it takes almost half an hour to load.
  • #58
  • Mar 21, 2014 6:42am Mar 21, 2014 6:42am
I am adding 2 more instruments in my watch list. Market is a poor and low performing market so we will not be doing instant orders rather we just figure out if we can play pending orders with A/U or G/U.

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  • #59
  • Mar 21, 2014 6:46am Mar 21, 2014 6:46am
Quoting Emmpoli
Good day to all. so i have finally setup my complementary market scanner version and its running well but i have a lil problem. it takes more than 23 minutes to load about 8 instrument. So please Bro can be done to speed it up a little as it takes almost half an hour to load.
Ya it is a problem so it is actually scanning 8 * 7 = 56 results so you need to place the instrument in different baskets and try with only 3 instruments at a time. Also After the first scan you can exclude the daily and monthly from scanning only note down the fib levels.
  • #60
  • Mar 21, 2014 6:52am Mar 21, 2014 6:52am
Quoting rekon67
{quote} For Buy With Trend: A. Decider Group: Majority is Green B. Trend: All Green C. Volatility: High Price is at S3, S2, S1, Pivot, R1 level For Counter: A. Trend will start getting Sell signals. B. More Overbought signals will be appearing at decider group. C. Volatility will be high or coming down from high to low Price is at R3/R2 level For Binary 30 Mins: consider M5,M15,M30 and H1, H5
in the picture attached, gbp/jpy had all technicals and moving average up with only two neutral signal and low volatility, it didn't retrace down for a call option to be initiated on that pair. It had a free room for price to go any where. my question is, how would you have traded this pair because it never went down for a call place, it was not near any pivot line and volatility was low.
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