Idea-concept between higher time-lines and lower time-lines
Note, I do not claim to be an "expert" but just am stating my "experience" of what I seem to observe "which seems" to make sense.
Feel free to respond stating:
I agree because
I disagree because
Now to state the idea-concept
I will use EUR/USD as an example (primarily because it is the currency I trade with 90% of the time)
Try to place in different simple moving averages (high averages, low averages, or just a main "mix" of averages)
Now I want you to look at the "Last High or Last Low" of the biggest time-frame you have available, and I want you to "trace it" back to the last "high or low" and look at the simple moving averages are in relationship with this concept.
Okay once you identify this... take it one time-frame lower, what do you see?
If you can begin to identify the biggest to smallest time-frame highs and lows using the simple moving averages you may begin to understand a trading concept that could work for you.
Granted, the need to be careful in this process, as sometimes what takes place is due to the "inactivity" or "lack of" volume, what you think will be a reversal may be a continuation process about to take place, thus "causing massive losses" until it has been able to "reverse back" move into profit or "break-even".
I acknowledge there may be multiple more concepts to be tossed in with this like Fibonacci, Elliott Wave, Gartley formations, and other concepts that can be manipulated with this basic concept.
All of which I will not (or do not have adequate time right now) to effectively or properly communicate and discuss; partially because I haven't taken the personal time to identify and understand it myself properly first, and second because if I do something describing this in-depth I would prefer to be identified as being a "profitable" trader not concerned about what other traders may say, as the proof is in the bank not in the words attempted to be explained.
What's your feedback?
Feel free to respond stating:
I agree because
I disagree because
Now to state the idea-concept
I will use EUR/USD as an example (primarily because it is the currency I trade with 90% of the time)
Try to place in different simple moving averages (high averages, low averages, or just a main "mix" of averages)
Now I want you to look at the "Last High or Last Low" of the biggest time-frame you have available, and I want you to "trace it" back to the last "high or low" and look at the simple moving averages are in relationship with this concept.
Okay once you identify this... take it one time-frame lower, what do you see?
If you can begin to identify the biggest to smallest time-frame highs and lows using the simple moving averages you may begin to understand a trading concept that could work for you.
Granted, the need to be careful in this process, as sometimes what takes place is due to the "inactivity" or "lack of" volume, what you think will be a reversal may be a continuation process about to take place, thus "causing massive losses" until it has been able to "reverse back" move into profit or "break-even".
I acknowledge there may be multiple more concepts to be tossed in with this like Fibonacci, Elliott Wave, Gartley formations, and other concepts that can be manipulated with this basic concept.
All of which I will not (or do not have adequate time right now) to effectively or properly communicate and discuss; partially because I haven't taken the personal time to identify and understand it myself properly first, and second because if I do something describing this in-depth I would prefer to be identified as being a "profitable" trader not concerned about what other traders may say, as the proof is in the bank not in the words attempted to be explained.
What's your feedback?