Liquidity.
Attached Image (click to enlarge)
- Joined Dec 2010 | Status: Member | 572 Posts
The only system that will work is one designed by and for yourself.
- Joined Dec 2010 | Status: Member | 572 Posts
The only system that will work is one designed by and for yourself.
- Joined Dec 2010 | Status: Member | 572 Posts
The only system that will work is one designed by and for yourself.
- Joined Mar 2012 | Status: Trader | 11,851 Posts
My Threads: Trading is as simple as 1-2-3, Highest Open / Lowest Open Trade
- Joined Dec 2010 | Status: Member | 572 Posts
LOL 
People who been trying trendlines or supply demand, and failing... Might just give it a try.... Sometimes changing the way you think is the answer.
We have all been down the trendline road.. Its the first thing 99% of traders do...
People who been trying trendlines or supply demand, and failing... Might just give it a try.... Sometimes changing the way you think is the answer.
We have all been down the trendline road.. Its the first thing 99% of traders do...
The only system that will work is one designed by and for yourself.
- Joined Dec 2010 | Status: Member | 572 Posts
The only system that will work is one designed by and for yourself.
- Joined Dec 2010 | Status: Member | 572 Posts
Time of day studys are a good thing.
example-- Study of what euro does after usa open..
From this chart I see USA SESSION USUALLY BUYS EURO's after usa opens... Knowing this gives me an edge.
This is a hint to my session bias
Time of day studys help me put odds in my favor.
example-- Study of what euro does after usa open..
From this chart I see USA SESSION USUALLY BUYS EURO's after usa opens... Knowing this gives me an edge.
This is a hint to my session bias
Time of day studys help me put odds in my favor.
The only system that will work is one designed by and for yourself.
- Joined Mar 2012 | Status: Trader | 11,851 Posts
My Threads: Trading is as simple as 1-2-3, Highest Open / Lowest Open Trade
- Joined Mar 2012 | Status: Trader | 11,851 Posts
My Threads: Trading is as simple as 1-2-3, Highest Open / Lowest Open Trade
- Joined Jul 2013 | Status: Gone | 1,106 Posts
Time of day studys are a good thing.
I have two indicators to help you with this theory, but you should realize that it might work most of the time, but certainly not all the time. If it worked consistently, everyone would do it and the market would be easy to trade. One simple observation is that if the market is not anticipating news AND not moving, when it normally would, it means the bigger moves are going to happen in another market. This is why periodically you see giant moves, for no reason, at the end-of-day New York. They are just switching things up. Last week entry signals started an hour before Frankfurt, so why would that happen? It is just part of the game. The orders still have to be filled, but they slow roll it and bore you to death and then do it. Or start early and leave you sitting there staring. All a game. But, most of the time you can figure it will cycle because the transfers of money on certain days of the week and against certain news releases are routine. Based on my 30,000+ hours of chart time, I would assume you could make profit by using a decent stop loss over a number of trading attempts. You will probably be frustrated and confused a lot, but if you stick with it I "think" you might make profit eventually.
Just a piece of advice. You mentioned in post 1 that you think the market tends to range most of the time. I agree. A range on a higher time frame appears like a trend on a lower time frame. Since the market ranges most of the time, then a rational (logical) person would create a method to trade ranges. Of course, the market does stop at some point, and you can call that a high/low, but that trade is finished. Those traders that attempt to trade dead trades make no sense to me. The market has moved on into another range trade. But these traders trading dead trades are abundant, rude, and broke. Oh well. Good Luck.
You cannot be extraordinary by being normal
- Joined Dec 2010 | Status: Member | 572 Posts
Indicator spam above! Don't get it....
You want a connection with price movements on a deep internal level... Don't cover you charts with any BS indicators that will distract your focus from Price structure created by candles.
The only thing I use on my charts is London session highlight so I can do "time of day studys" more easy. Lets me visually see London session over a period of many days.
Everything you need to know is in the candles.
Want your trading to look like this? Don't use indicators..
You want a connection with price movements on a deep internal level... Don't cover you charts with any BS indicators that will distract your focus from Price structure created by candles.
The only thing I use on my charts is London session highlight so I can do "time of day studys" more easy. Lets me visually see London session over a period of many days.
Everything you need to know is in the candles.
Want your trading to look like this? Don't use indicators..
The only system that will work is one designed by and for yourself.
- Joined Dec 2010 | Status: Member | 572 Posts
From post #191
Q. Do you have statistics to show?
Frequency distributions of ranges, high-open, open-low?
Bull/Bear candle statistics?
A. You need to do your own studys, so you have confidence in the results. And confidence in the trades that result from them.
The amount of detail you want to include is up to you. I've seen traders do
Highly statistical study's, others are just looking for general patterns like the time of day study above. (post #190)
Go as deep into it as you want to! or as basic as you want!
If you do the study's yourself you will have full confidence in it, above what reading somebody else study will ever give! (again,a deep personal connection to your work) You will own the study. You will be proud of the study. You will profit from the study!
They don't have to be rocket science.. but if that's your style and your a statistics guru, go for it! If you just want to spot a basic pattern... that's cool too!
Do what works best for your personality. Make it fun, don't over do it and stress yourself.
If your some guru can even do this... LOL
But this sorta stuff is way above my head!
credit: image Q Farooq Akram, Dagfinn Rime and Lucio Sarno
http://www.norges-bank.no/upload/imp...rb-2005-12.pdf
Q. Do you have statistics to show?
Frequency distributions of ranges, high-open, open-low?
Bull/Bear candle statistics?
A. You need to do your own studys, so you have confidence in the results. And confidence in the trades that result from them.
The amount of detail you want to include is up to you. I've seen traders do
Highly statistical study's, others are just looking for general patterns like the time of day study above. (post #190)
Go as deep into it as you want to! or as basic as you want!
If you do the study's yourself you will have full confidence in it, above what reading somebody else study will ever give! (again,a deep personal connection to your work) You will own the study. You will be proud of the study. You will profit from the study!
They don't have to be rocket science.. but if that's your style and your a statistics guru, go for it! If you just want to spot a basic pattern... that's cool too!
Do what works best for your personality. Make it fun, don't over do it and stress yourself.
If your some guru can even do this... LOL
But this sorta stuff is way above my head!
credit: image Q Farooq Akram, Dagfinn Rime and Lucio Sarno
http://www.norges-bank.no/upload/imp...rb-2005-12.pdf
The only system that will work is one designed by and for yourself.
- Joined Dec 2010 | Status: Member | 572 Posts
The only system that will work is one designed by and for yourself.
- Joined Mar 2012 | Status: Trader | 11,851 Posts
From post #191 Q. Do you have statistics to show? Frequency distributions of ranges, high-open, open-low? Bull/Bear candle statistics? A. You need to do your own studys, so you have confidence in the results. And confidence in the trades that result from them. The amount of detail you want to include is up to you. I've seen traders do Highly statistical study's, others are just looking for general patterns like the time of day study above. (post #190) Go as deep into it as you want to! or as basic as you want! If you do the study's yourself you...
Rather than teach you choose to tease.
It is difficult to glean anything from Post #190.
At one time of day they are buying.
At the same time on another day, they are selling.
Not begging for trading signals like Trader-Dale followers.
Only seeking to learn "how to fish".
My Threads: Trading is as simple as 1-2-3, Highest Open / Lowest Open Trade
- Joined Mar 2012 | Status: Trader | 11,851 Posts
Time of day studys are a good thing. example-- Study of what euro does after usa open.. euros.jpg;2183908 From this chart I see USA SESSION USUALLY BUYS EURO's after usa opens... Knowing this gives me an edge. This is a hint to my session bias Time of day studys help me put odds in my favor. {image}
H1 and H4 candles may provide a clue.
My Threads: Trading is as simple as 1-2-3, Highest Open / Lowest Open Trade