CONTEXT If you are trading off of multi-timeframe chart's, then you should handle each timeframe for itself. Don't try to fit one into another, just analyse it as if it where the only one you care about. Further more: - try to reduce your indicators and oscillators (price is telling you "wasup") ;-) - stay consistent in your drawings - dissect major from minor...
Forecasting off higher time frames in my opinion is absolutely necessary if you want to become a successful trader, The 3 Month Chart is the ultimate time frame in my opinion! generally you make a forecast on the higher time frame and simply work the lower ones with it! I use the 3 Month as my general view of the market, the Weekly to determine the trend! and the...
One of the strongest setups are the ones that are being formed by the dual time frame momentum. By using multiple time frames you will be able to create a high probability setup. Key rule is: Large/High time frame for trend and Small/Low time frame for your entry. Personally I mostly I like to hold short term positions, so I use the daily time frame for the trend...
Took me quite some time to build this up but the result shows a very clean sceanrio here ! Everything tends to correspond between each different timeframe and so the forecast is even more likely to occur. It shows that on the biggest timeframe, gold has made it's 5 wave impulse and is now retracing in 2 impulses . The first have been completed and we clearly...
I will copy and paste my Multi-Chart with 8 Time Frames (720m, 1 Day, 2 Day, 3 Day, 4 Day, 5 Day, 6 Day and Weekly) in just a moment for an easier view. The chart on the publication cover seems to always get blown up to a lower resolution. You'll see those TF's more clearly if you click the copy of it that I will post below shortly after posting this...
NOTE: This trade was published last week exclusively and privately to my followers As you guys requested, i am explaining the rational behind my short audjpy trade, On the left hand side overall view, on the weekly chart, the price was testing the main long term potential resistance area around 86.50. At that area i was monitoring the price for possible...
In response for your requests guys to explain the rational behind the live trade we took on GBPCHF. Here is the explanation. On the left hand side daily chart, the price started the bearish behavior on the 78.6 retracement level for the overall bearish wave as shown on chart. As it formed two major bearish shooting star candles. That was not enough for me to...
From time to time, I like to post my mistakes. Usually I do it with private charts, but if there is something for everybody to learn, I make them public. This is a wonderful trade I took on USDTRY, or better said, didn't take. On the weekly chart, the green arrow shows where I bought, the red where I sold. Let me explain the trade. After a strong rise following...
Friends, I haven't had time to post any of my trades in recent days. So i thought i would post some of the trades I took recently. I know this is after fact, but the aim is just to share the knowledge and experience. I made 4 trades, 3 winners and one loser. I will post them throughout the week as i am taking a small rest from markets during the election...
Hello Traders! As many of you know, I use the Stoch RSI as my main cycle indicator. As an indicator of an indicator, it normalizes the RSI indicator itself and provides excellent guidance on the price cycles of Gold. And while I base my daily analysis on the Daily time frame, I use 2 shorter time frames to enter my positions. These time frames are 30 minutes and...
Greetings Fellow Traders, Price Action, Support and Resistance are a very critical part of trading and always aid in the removal of emotions from any trading scenario. I've posted a couple of analyses recently regarding this pair, and one of them turned out to be an opportunity that would have been a loss. It's just as important to know when to exit your trade...
Weekly Chart: Price is continues to push lower, retested a long term rising trend line and major horizontal support last week but failed to break it. Forming a weekly hammer candle, are we heading for a serious recovery for the USD. lets check the daily chart now for more clues. Daily Chart: The bounce of the weekly support shown on the other chart was halted at...