Disliked{quote} eheh i think my new style day trade/scalp ,m1,m5,m15 are a bit small for a clear direction no ? h1+ ? my direction can be wrong i still learning ..... h1+ for trying identify direction m15 m5 for clear analysis S/R / Obstacles what im doing in this daysIgnored
- #82
- Oct 19, 2015 11:42am Oct 19, 2015 11:42am
- | Joined Nov 2014 | Status: Trader | 1,087 Posts
{quote} Perhaps, but the h4 corresponds to long also for me. The h4 chart may help. Note the "V"s I mentioned last week, the chart is talking to us. LL {image}
but see with eyes is more easy
i m really interested in your sytle.
can you help with the set ?
now i have a a mega trend 44 3 0
and two ma 44 smoothed high low lol
i liked to get there faster
but this is my qi lol
- #85
- Oct 19, 2015 12:15pm Oct 19, 2015 12:15pm
- Joined Jan 2014 | Status: Trader | 1,783 Posts
{quote} yes i remember v . but see with eyes is more easy
Today being Monday for example I was using what I call my "No-Brainer" template, and maybe we'll get to that at a later stage.
Anyway, the chart I just showed you contains Price high and low lines, EMA 4 smoothed which you are famiiar with already. The yellow line is a "Slope Direction Line" set at 45 smoothed.
Now then, I use coloured fib zones as you also know for the majority of my methods, and these act as my OB/OS areas effectively, some might call them s& r, it doesn't matter how they are desribed they do the same job, ie knowing whether I should have a buy or sell bias in the first instance.
Next, for this particular strategy, I want to see the yellow line in a coloured zone, and if it is, then I want see the 4 ema aqua line breaking either the price high or low line. All of this should then be covered by the price pattern we see...ie the "V"s for example that we have discussed..
That is basically this extremely simple strategy outlined for you, and is reliable once you have mastered it and have become comfortable with line charts and the patterns that emerge from them.
I've attached the slope indi and creating a template is obviously very straightforward for you as you have proved.
Once you have everything in place, then look at your charts carefully in all t/fs to start getting a proper feel for what the chart is telling you, and then BINGO! all will fall in place for you.
Good luck....and shout if you need a gentle nudge....but I expect people to try before being fed as you know! lol
LL
- #86
- Oct 19, 2015 1:41pm Oct 19, 2015 1:41pm
- | Joined Nov 2014 | Status: Trader | 1,087 Posts
{quote} Ok, I'll help with how I go about it. I have several methods though that revolve around the central core of my template, depending on what I am trading during any given day. Today being Monday for example I was using what I call my "No-Brainer" template, and maybe we'll get to that at a later stage. Anyway, the chart I just showed you contains Price high and low lines, EMA 4 smoothed which you are famiiar with already. The yellow line is a "Slope Direction Line" set at 45 smoothed. Now then, I use coloured fib zones as you also know for...
Or is a not standard indicator mt4?
i need pikes in this blue lines
- #88
- Oct 19, 2015 2:23pm Oct 19, 2015 2:23pm
- Joined Jan 2014 | Status: Trader | 1,783 Posts
Anybody know ?
LL
- #89
- Oct 19, 2015 2:27pm Oct 19, 2015 2:27pm
- | Joined Nov 2014 | Status: Trader | 1,087 Posts
{quote} These are the settings that I use for that particular template as per attached chart LL {image}
- #91
- Oct 19, 2015 2:44pm Oct 19, 2015 2:44pm
- Joined Jan 2014 | Status: Trader | 1,783 Posts
And now same chart with walk through logic to take a buy only trade as shown (for that t/f)
LL
LL
- #98
- Oct 19, 2015 3:15pm Oct 19, 2015 3:15pm
- | Joined Nov 2014 | Status: Trader | 1,087 Posts
{quote} Yes, but I don't want to gift-wrap it for you unless you cant figure the settings and colours out for yourself, but I reckon you can...give it a go first
