You can quit and they won't care, but you will always know.
Broker Challenge "NDD/STP" vs. True "ECN" and "Mkt Mkr" broker talk 46 replies
Project Ultra - True "Other Time Frame" Indicators 55 replies
Dealing with "Invalid Price", "Requote", "Server Busy" in MT4 3 replies
Importing and viewing indicators from other time frames on one chart (time frame) 4 replies
"Time After Time" 13 replies
.. and the others
Quoting Akuma99DislikedHey all, as well all know the amounts of techniques, methods and studies on price action is both extensive and confusing and certainly there is no need to go into that here. What is becoming more and more clear to me though is that we are really only looking at half of the picture. Think of your charts, we have an x axis and y axis, price on the y axis, and time on the x axis. My question is why are we focusing only on one axis, i.e. the y axis (price), and over all, not spending as much time analysing the other half of the picture, time.
So I thought it might be a good chance to start a thread where we can look into time anaylsis, things like cycles, fibonacci timezones, harmonic beats etc and see if we can't make a few discoveries along the way. It can be very simple things, for example, pull up the 1H EUR/USD, and measure 40-45 bars from a major high or low.Ignored
Quoting Akuma99DislikedThanks xt and anthony for your replies, anthony your methodology sounds logical and is a smart way to trade in the "traditional" (whatever that is) sense. xt, your thoughts mirror mine, it is quite clear to me that timing the markets is more important than measuring it. For example, there is one method I have been working on that would have got me in short on the 7/7, and in long yesterday, 19/7, at what price? ... doesn't really matter too much, although it always helps to finetune entries of course, but it was "time" for the trend to change.
Were there news event on those dates, yep you better believe it, NFP on the 7/7, and CPI/Bernske yesterday, but knowing that the time was right for a reversal, meant I didn't worry about what the news was, or what the initial reaction was, instead I can use the initial reaction with the trend to open against it with a nice safe stop as I bought (in the case of the EUR) at the top of the range. These are just two examples of dates, 3 years of backtesting shows quite reliable results, although relatively few trades if you are someone who likes daytrading.
It is a work in progress, and anyone who has been around FF for a while will know this is way apart from my normal strategy, I don't change a winning strategy unless I can clearly see some value in it. To know in advance when I am going to trade is such a lifestyle advantage.Ignored
Quoting Akuma99Dislikeddof, thanks for the honest opinion and the ammicable approach to telling me that you think I am wrong , the only true measure is whether I make money from it or not, proof in the pudding so to speak (damn now I am hungry ... where is that custard). It is interesting discussion if nothing elseIgnored
Quoting dofDisliked
It's true, it comes a time for everything, for a change in price direction, for everything. I'm just saying it's not easy or it can't pe predicted based on time only. All I'm saying that tradind is more about following a move than predicting a move, especially predicting a move based on full moon or other stuff like that.Ignored