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  • #1,074,301
  • Aug 22, 2016 12:39pm Aug 22, 2016 12:39pm
Quoting mkvy
Intraday time frames are a waste of time and energy. Go Daily or higher, you will only have to check your trade once a day and adjust your stops accordingly. I especially hate the 4h chart, you have to check your trades 6 times a day! 15 minute chart needs 96 views per day.. = no life! 5 minute chart needs 288 views per day = nut house

But its true.. the higher time frames give the clear picture.. Never mind the frequency..
I still need a trading break soon!!! "Loose some to win more" --Baher A.
  • #1,074,302
  • Aug 22, 2016 2:26pm Aug 22, 2016 2:26pm
Quoting mkvy
Intraday time frames are a waste of time and energy. Go Daily or higher, you will only have to check your trade once a day and adjust your stops accordingly. I especially hate the 4h chart, you have to check your trades 6 times a day! 15 minute chart needs 96 views per day.. = no life! 5 minute chart needs 288 views per day = nut house

It is interesting topic but i think it is very subjective in my view you can create many time frames for the purpose of trading the market even custom time frames
2 months, 6 months, 20 minutes etc etc. I just think it is all depends on the trader and the strategy
  • #1,074,303
  • Aug 22, 2016 4:07pm Aug 22, 2016 4:07pm
Quoting whitescalper
{quote} It is interesting topic but i think it is very subjective in my view you can create many time frames for the purpose of trading the market even custom time frames 2 months, 6 months, 20 minutes etc etc. I just think it is all depends on the trader and the strategy
I guess its fair to say that traders follow a daily cycle of waking up, eating, and trading. Humans have this cyclic daily routine.
  • #1,074,304
  • Aug 22, 2016 4:38pm Aug 22, 2016 4:38pm
Quoting mkvy
{quote} Looking at charts all day is borring LOL
You should not be looking at charts all day. If you are a scalper or day trader you should be looking at them from 7am until about 11am, or whatever country you live in. You should be able to make a good profit there. If you say it is boring, it is not, it's just you do not have that brain capability yet to trade on a strong intraday volatility. Stick to your long term trading.
  • #1,074,305
  • Edited 5:31pm Aug 22, 2016 5:08pm | Edited 5:31pm
I changed to bullish now....

Because the count from yesterday wasn't working as I expected and a higher high with a bearish count wasn't make sense at the moment I searched for a bullish count.

For now I think we are still in the triple (last zigzag) and then in the wave c/v of the wave {a} from the zigzag.
I think we can see the high of the wave {a} around 1,1380 - 1,1412-26
But first I expect a move down to the DP then I expect a bullish day untill we reach the high as stated above
Then I look for bearish confirmation for the wave {b}. Probably this is a deeper retracement.... but we need to follow the counts and hopefully it is showing us the correct way!

ps. I'm not that sure of this count...if tomorrow is showing the expected behavior then I'm sure it's oke to work with it in the coming sessions.
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  • #1,074,306
  • Aug 22, 2016 5:35pm Aug 22, 2016 5:35pm
Quoting Techanalyst
{quote} You should not be looking at charts all day. If you are a scalper or day trader you should be looking at them from 7am until about 11am, or whatever country you live in. You should be able to make a good profit there. If you say it is boring, it is not, it's just you do not have that brain capability yet to trade on a strong intraday volatility. Stick to your long term trading.
A daily chart strategy is not really long term, although a trade can go for weeks. Timeframe usage does not correlate to brain capacity really, probably more to do with self gratification
  • #1,074,307
  • Aug 22, 2016 6:26pm Aug 22, 2016 6:26pm
The pair is still holding above 1.1300 level, next immediate resistance could be found at 1.1360/70 zone, break above could mean the pair advance up to 1.14/15 level.
  • #1,074,308
  • Aug 22, 2016 6:43pm Aug 22, 2016 6:43pm
Friday broke support, did the retest today, breaking the trend line will drop much more

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  • #1,074,309
  • Aug 22, 2016 11:46pm Aug 22, 2016 11:46pm
The thread is still very active and helpful for all traders. Thanks for the info.
  • #1,074,310
  • Aug 23, 2016 12:29am Aug 23, 2016 12:29am
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  • #1,074,311
  • Aug 23, 2016 12:30am Aug 23, 2016 12:30am
Quoting HappyMe
I changed to bullish now.... Because the count from yesterday wasn't working as I expected and a higher high with a bearish count wasn't make sense at the moment I searched for a bullish count. For now I think we are still in the triple (last zigzag) and then in the wave c/v of the wave {a} from the zigzag. I think we can see the high of the wave {a} around 1,1380 - 1,1412-26 But first I expect a move down to the DP then I expect a bullish day untill we reach the high as stated above Then I look for bearish confirmation for the wave {b}. Probably...
Probably you right

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  • #1,074,312
  • Aug 23, 2016 2:07am Aug 23, 2016 2:07am
placed Short @1340, sl 1380, tp 1280
  • #1,074,313
  • Edited 2:41am Aug 23, 2016 2:18am | Edited 2:41am
watching 60 and 549

short NU 0.7338
  • #1,074,314
  • Aug 23, 2016 2:30am Aug 23, 2016 2:30am
Quoting Don96
watching 60 and 549
If it clears the 1.1350 may trigger a bullish run up to 1.1423 .
  • #1,074,315
  • Aug 23, 2016 2:55am Aug 23, 2016 2:55am
Quoting imnicetoyou
placed Short @1340, sl 1380, tp 1280
Same position too you. I see that EUR was overbought and take a sell position at 1.1350. My Sl at 1.1370, take profit 1.1280
  • #1,074,316
  • Aug 23, 2016 3:01am Aug 23, 2016 3:01am
Quoting Don96
watching 60 and 549 short NU 0.7338
1.1354 has given 10 atm...
  • #1,074,317
  • Aug 23, 2016 3:05am Aug 23, 2016 3:05am
PO short 63
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trading is simple but is simple is not easy.
  • #1,074,318
  • Aug 23, 2016 3:09am Aug 23, 2016 3:09am
Quoting Don96
{quote} 1.1354 has given 10 atm...
...
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  • #1,074,319
  • Aug 23, 2016 4:21am Aug 23, 2016 4:21am
Possible next move.
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  • #1,074,320
  • Aug 23, 2016 4:44am Aug 23, 2016 4:44am
The trend will be to move down to the point of 1.13054 then reverse and moves up to the point of 1.13523 .
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