FX Trading Strategy for Part Time Traders; Explained Below...
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 publication.
I have recently created a publication regarding a "BASIC understanding of HOW to use Godmode Indicator" with MODIFIED inputs and an added LSMA with input set to 32. I give instructions for setup of Godmode with added LSMA within that publication. I will post a link to that publication below the "copied" GBPJPY chart.
If you cannot be home to trade full time every day because of work, you can use Godmode on the higher Time Frames to make your trades. Of course, this will only be a few trades a month but with bigger moves than trading in lower TF's.
Give it a try. You might come to like it.
Here is GBPJPY Multi-Chart Copied for easier viewing:
Here is the link to Godmode Indicator and setting it up:
EDIT: I personally believe I just provided an information gold mine ""IF"" someone is willing to invest the time and effort to learn and understand it.
I have recently created a publication regarding a "BASIC understanding of HOW to use Godmode Indicator" with MODIFIED inputs and an added LSMA with input set to 32. I give instructions for setup of Godmode with added LSMA within that publication. I will post a link to that publication below the "copied" GBPJPY chart.
If you cannot be home to trade full time every day because of work, you can use Godmode on the higher Time Frames to make your trades. Of course, this will only be a few trades a month but with bigger moves than trading in lower TF's.
Give it a try. You might come to like it.
Here is GBPJPY Multi-Chart Copied for easier viewing:
Here is the link to Godmode Indicator and setting it up:
EDIT: I personally believe I just provided an information gold mine ""IF"" someone is willing to invest the time and effort to learn and understand it.
Comment:
I will elaborate more on this about 10 to 12 hours from now. Could be sooner. Not sure yet.
Comment:
My son caught a cold, then my wife from him and now myself from them. We all had a high fever. There fever is gone. Mine is almost. Still have a sore throat and stuffy nose. I haven't felt like doing much today. I have done a little work in my mining room and ordered a few things online for the room.
I wanted to make at least one important point about using Godmode in those HIGH Time Frames (TF's). I believe everyone can see your placement of longs a shorts are MUCH SAFER if shorts are placed when my black LSMA is at 80% or higher and longs are placed when my black LSMA is at 20% and lower.
I wanted to make at least one important point about using Godmode in those HIGH Time Frames (TF's). I believe everyone can see your placement of longs a shorts are MUCH SAFER if shorts are placed when my black LSMA is at 80% or higher and longs are placed when my black LSMA is at 20% and lower.
Comment:
I probably should have said when both the black and red lines are at 80% and higher for shorts and both black and red lines are at 20% and lower for longs.
It's important to use all eight of those TF's together to make the best decisions.
It's important to use all eight of those TF's together to make the best decisions.
Comment:
I occasionally change the 720m TF in the top left corner to 1080m to get an idea of how the Daily may play out between the 720m (12h) and the Daily.