Isolenki looks good could you do a template of it please good trading all
Earlier on in the thread the OP posted some images of a multi time frame multi-currency dashboard. Did it ever get released?
Faith ends where worry begins, and worry ends where faith begins.
- #2,205
- Jul 26, 2014 12:57pm Jul 26, 2014 12:57pm
- | Additional Username | Joined Apr 2014 | 1,312 Posts
{quote}
hav a super GR8 wkEnd every1
here are the templates and indicators for my modified version i trade mostly daily tfs . but it could be used on any time frame. red means sell and blue means buy.....rest is self explanatory {file} {file} {file} {file} {file} {file} {file} {file} {file} {image}
Patience, let the market come to you!
{quote} There u go its the template for 15tf include the markets sessions. {file}
Faith ends where worry begins, and worry ends where faith begins.
- #2,214
- Jul 27, 2014 12:03pm Jul 27, 2014 12:03pm
Some words about MA and trend.
Before referring to the template or any indicators to start playing this game(called FX) belongs to think. Can not play mindlessly because it showed some indicators. If you want to use indicators you must have the context and the price must be in the right place. Every signal given by the indicator should be filtered by PA. If you do not know Price Action is the least common sense.
You can not (should not) play long position on resistance or short position on support. Are of course exceptions , but in the beginning you should stick to these simple rules. The guiding principle: do not play against the main trend. Trend always creates a problem for the players, because at every TF is another trend. What is the best (safest) method to play? Determination of the trend at a higher TF and play on a lower TF.
How to determine the trend?
Several methods: at the beginning one of the simplest(in this post
):
1) Moving averages - usually used two. Most popular are 8 and 21 EMA. Moving averages should be parted and oriented at a right angle. Price should respect their interior. It's not good as are braided or flat. Of course, it may be other equivalent, eg 10 and 20 SMA. The base is to understand their behavior. By the way: do not play at the intersection averages is stupidity
Using moving averages below D1 IMHO does not make sense. Large noise and too little profit to a serious trader to play. These averages are best suited for D1 and W1 TF.
As each technique even such a simple method requires outplay and experience. On the Forex every thoughtlessness ends losses. Trader has a brain, and must use it if you want to be effective.
A few examples to better understand the behavior of moving averages:
Remember: higher TF always filtered us lower TF!
What is interesting is not descended lower parts of the TF. D1 was enough It is only required patience. This simple technique allows you to play with the trend, and by enter with lower TF have a better RR.
I hope that it now uses MA/EMA/SMA to determine the trend will be easier for all. In summary, even a simple MA helps avoid mistakes stupid entry.
As you can see I used not even a single SR. So far I have not been needed. But how to draw and use valid SR that's another story...
Before referring to the template or any indicators to start playing this game(called FX) belongs to think. Can not play mindlessly because it showed some indicators. If you want to use indicators you must have the context and the price must be in the right place. Every signal given by the indicator should be filtered by PA. If you do not know Price Action is the least common sense.
You can not (should not) play long position on resistance or short position on support. Are of course exceptions , but in the beginning you should stick to these simple rules. The guiding principle: do not play against the main trend. Trend always creates a problem for the players, because at every TF is another trend. What is the best (safest) method to play? Determination of the trend at a higher TF and play on a lower TF.
How to determine the trend?
Several methods: at the beginning one of the simplest(in this post
):1) Moving averages - usually used two. Most popular are 8 and 21 EMA. Moving averages should be parted and oriented at a right angle. Price should respect their interior. It's not good as are braided or flat. Of course, it may be other equivalent, eg 10 and 20 SMA. The base is to understand their behavior. By the way: do not play at the intersection averages is stupidity
Using moving averages below D1 IMHO does not make sense. Large noise and too little profit to a serious trader to play. These averages are best suited for D1 and W1 TF.
As each technique even such a simple method requires outplay and experience. On the Forex every thoughtlessness ends losses. Trader has a brain, and must use it if you want to be effective.
A few examples to better understand the behavior of moving averages:
Remember: higher TF always filtered us lower TF!
What is interesting is not descended lower parts of the TF. D1 was enough
It is only required patience. This simple technique allows you to play with the trend, and by enter with lower TF have a better RR.I hope that it now uses MA/EMA/SMA to determine the trend will be easier for all. In summary, even a simple MA helps avoid mistakes stupid entry.
As you can see I used not even a single SR. So far I have not been needed. But how to draw and use valid SR that's another story...
Only price
- #2,219
- Edited 3:36pm Jul 27, 2014 3:19pm | Edited 3:36pm
{quote} Hi, hi, what is the setting of the EMA you have on your chart. Thanks.
Select one favourite type and use faithful. Learn how is working, learn interpret charts, practice and use perfectly.
The most important thing is consistency in selection. You can not mix in the charts. Then it is getting mess and you lose a healthy look.
Consistency, patience, and perseverance is the key.
PS:
Everything becomes a little more simple when you draw horizontal SR. Trend + SR give us nice place to search oportunity. Try yourself: first find pair in trend on D1 TF, next draw SR and try interpret what U see, and where is good space for entry.
PS2:
It's harder to work multi-dimensionally. Start with an analysis of MN by W1 through D1 to ...... M1 and there entry in the trade. This gives a big satisfaction and amazing RR
But I would not recommend it to play at the beginning of an adventure with forex Only price
- #2,220
- Jul 27, 2014 4:24pm Jul 27, 2014 4:24pm
- | Joined Jan 2013 | Status: Live the dream.... | 1,153 Posts
Some words about MA and trend. Before referring to the template or any indicators to start playing this game(called FX) belongs to think. Can not play mindlessly because it showed some indicators. If you want to use indicators you must have the context and the price must be in the right place. Every signal given by the indicator should be filtered by PA. If you do not know Price Action is the least common sense. You can not (should not) play long position on resistance or short position on support. Are of course exceptions , but in the beginning...