its also 15 min chart
Alien's Extraterrestrial Visual Systems
- #13,665
- Aug 24, 2015 10:51am Aug 24, 2015 10:51am
{quote} high liquidity causes low volatility, which we can see by bbsqueeze. for me whenever bbsqueez is on several tfs, big moves happens
Cheers Nadiyakinare. Sometimes when you can see this - but cant see any clear direction - and remains for ages - you do wonder....Thanks again.
- #13,669
- Aug 24, 2015 1:25pm Aug 24, 2015 1:25pm
- Joined Dec 2011 | Status: Part-time Trader | 1,519 Posts
how to use adx dashboard effectively....means can we wait for all adx to be trun green or turn to be red......for entering into trade?
You can buy/sell with 4 or 3 speeds powered on,but can give you less pips/shorter move.
as alien quoted " Each window is a system in it's self, all are not required................." can senior members please give some insight which system we sud use ...in which time frame.....like when to depend on adx.....when on RSIOMA.........
RSIOMA with DS
Stochastics
or ADX
or all of them (if you already mastered each one)
You should have adx because tells you when to enter and exit (the others can do that too but adx is more reliable imho).
Timeframes depends on your style (scalper,day trader,swing trader or position trader)
How much pips do you want to gain per day? 20 pips? 100 pips? or 500 pips per week?
You depend on adx in any setup that you see.
For example,a DS on H4 tf,you jump to H1 or M15 and wait for adx to expand in the direction of the DS H4 (the adx on h4 doesn't need to expand but it is a bonus if will)
I don't understand what you mean depending on RSIOMA,it's pretty straightforward.
Above 50 you buy,below 50 you sell.
Pegged to the bottom/ceiling,you go watch the next lower tf for clues to see if continue the move or reverses.
Please read the thread.
Work smarter,not harder
- #13,670
- Aug 24, 2015 1:43pm Aug 24, 2015 1:43pm
- Joined Dec 2011 | Status: Part-time Trader | 1,519 Posts
I don't know if guys noticed but EU told me that was going screw me up if i sell it.
Look at that big middle finger!
Can you see it?
Look at that big middle finger!
Can you see it?
Work smarter,not harder
- #13,675
- Aug 25, 2015 7:43am Aug 25, 2015 7:43am
- Joined Dec 2011 | Status: Part-time Trader | 1,519 Posts
{quote} Once you gain enough confidence with this system,you will be able to trust your analysis and stick with it. You will be able to buy bottoms on H4 or daily tf to follow weekly or monthly tf trend or reversal. EUR/AUD travelling to 1.7825 (minimum target).{image}
EA already made a new high 1.65 (last one 1.5829 monthly tf)
{quote} Wow, now that's an ambitious target. Only issue is the swap. I prefer so much more when EURAUD and GBPAUD are in downtrend.
Work smarter,not harder
this video contains many valuable information for newbies
Thank you very much.
- #13,678
- Aug 25, 2015 1:23pm Aug 25, 2015 1:23pm
{quote} Sooner than i expected thanks to China problems. EA already made a new high 1.65 (last one 1.5829 monthly tf) {quote} Ambitious target but it is almost there.
- #13,680
- Aug 25, 2015 5:23pm Aug 25, 2015 5:23pm
- Joined Dec 2011 | Status: Part-time Trader | 1,519 Posts
{quote} Did you get in on it mate?
We are on wave 3 on monthly tf,i'm waiting for wave 2 of weekly tf.
When that wave arrives,i'll not be looking at another pair.
Focusing only on this setup,the sky's the limit.
Now that i have a swap-free account,i'll be able to have trades open for more than a month without worrying with rollovers and commissions.
Work smarter,not harder