One thing that I have found to be important is liquidity / time of day. Price moves in the European / US session have much more importance than Asian session
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Disliked{quote} TooSlow2.png;2184186 TooSlow1.png;2184187 H1 and H4 candles may provide a clue. {image} {image}Ignored
DislikedTooSlow if your finding something in the 1-4 hour candles... Great! Stuff you find won't always be what others find. Each of us see's the market though our own eyes.. Each of us trades a different time frame. There is no right or wrong. But when you discover things for yourself, you can build trades around that discovory. one thing you may want to do is clean up the colors a bit.. I just use very slight color change.. as not to distract me too much.. Nice clean way of seeing the session without making the chart hurt your eyes. (only for doing studys)...Ignored
DislikedTime 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}Ignored
Disliked{quote} hi, so you are saying you must always short before US open?Ignored
Disliked{quote} forward, that is the main area to be looking at. you only need one prior candle.Ignored
Disliked{quote} The trick would be knowing when NY is going to reverse what London has done and when it's going to let it run. {quote} Yes but which one?Ignored
Disliked{quote} +20 au long coming yes i'm foretelling the future and +30 to 35 long for EU. feel better?Ignored
Dislikedsimple works, complicated doesn't... or vice versa depending on the personIgnored
Dislikedcharts but there is no reason in the world anyone should listen to my dumbass {image} {image} {image}Ignored
Disliked{quote} hey billy i've different 4 hour data. looking at daily instead. any longs scare me there. I see two lows(supports) were taken out on daily. i added a chart above. i could be wrong but i'm scared of it personallyIgnored
DislikedDepends what you mean by 'works' stochastics fibs macds any indicator relating to price gives you no value or edge. so by that definition to me they DONT WORK. a WORKING STRATEGY should net a single person 200% consistently a year but most here infact EVERYONE on FF has no clue and think 20% a year is great. Or that 70% probability is great. What a joke.Ignored
Disliked{quote} correct,, cable chart, 20-00 to 00-00 4 hour. it is 19 range and a good range to trade off. the high has already broken and retraced.. Even if the high fails the low looks good to next trigger gu 12th.PNG;2184465 edit, i put Cable range at 29 when infact it was 19, so amended. {image}Ignored
DislikedNo one pattern works 100% of the time.. The trick is to put the odds in your favor. Put the odds in your favor: right time time of day, How long till huge news, Are stocks risk on/risk off, what is gold, oil and bonds doing? Is volatility dying down or picking up? When all the stars align in your favor.. Only then do you trade Everybody searching for one magical pattern.. Sorry its doesn't work that way. Conditions have to be favorable for your setup to work. AFTER enough studys about spikes(liquidity gaps),...Ignored