About meI would have given up on market trading if it weren't for finding Traders Dynamic Index indicator which is the most reliable indicator to study than any other indicators. Si no fuera por el Índice Dinámico de Comerciante renunciase al comercio en línea.
A change has come up to my thought...
Now I share shortly, how to use 1 time frame window for low time frame without TDI Pro, while you still use it on the 2nd window. This way TDI Pro does not confuse anyone on the lower time frame scanning to now give filtered better analysis on the charts.
Past Bullish Ascending Triangle Resistance line to the recent ascending channel's support line. As price reached it on August 2015, it lifted into an uptrend. A new bullish pattern could form soon with target to the past resistance ...(can use Fibonacci extension levels from the Fibonacci Retracement tool)... that came after the support of the Bullish Ascending...
Recognize approximate price moves by acknowledging visual patterns.
Observing 360 (6H) note, and... Accompanied by other time frames such as the 90 min presents the market in an overbought condition, therefore giving away the future move because 50 level then becomes a substitute overbought level as if it were 68 on the particular time frame.
Using triple charts, TDI' Complementary Overlay, TDI' PRO and a basic entry rule we can make profitable trades possible.
Based on the condition of using an account with just under $5,000 trading account capital, with 1:500 leverage, with a deposit margin of ~$80, a single trade with lot size of 0.35
~ $310 Profit, 1 trade in one day
Third Chart use...
This amplifies analysis range from lower to higher time frame, therefore not losing important data.
To short look for the time of ranging to sell at a high point, not just at the moment. For example, September 3 & 4 multiple time frame analysis revealed overbought condition in a downtrend market, great sell order!
With proper setup short trade is a great reversal trade, and if it drops to under 108.000 but holds it is possible price is being either supported for or as a retracement downtrend (Can try use Fibonacci as recommended by me), otherwise will rise to downtrendline resistance.
The way I see the market is now ranging in the top, to fall either as a retracement for a...
COMBINING MULTIPLE TUTORIALS
Price/HighMBL crash, overbought TDI:RSIPL indication = MUST SELL with use of lower time frames.
Trading a retracement (into HighMidline) is not really recommended, your'e not trading a reversal so its highly risky to countertrend trade against the main trend.
Price under HighMidline, with 'TDI overbought indication = MUST SELL with...
The basic function/use of HighPhaser:
How to use HighPhaser
Price trends steadily above HighPhaser,
then, crosses under HighPhaser but follows it.
Price attempts at making HighPhaser support for more moving up, but it then breaks it to fall more.
XtremePhaser = Thin Cyan line
HighPhaser = Thin Blue line
HighMBL = Thin Orange line
Phaser = Thick Blue line
Midline = Thick Black line
Just like the traditional use of moving averages, HighPhaser and XtremePhaser allows for higher time frame trend (by their nearness and crossover) to be seen and recognized by traders allowing them to respect...
We here learn to observe the higher time frame 360, and analyse 1D that RSIPL are crossed down parallel. So lower than daily time frame= 540, 360 allows for trend entry at a 360 RSIPL and 'TSL initial cross down for max profit.
On 180 as on 360 allowed for entry using the RSIPL/TSL crosses down. Also observing Phaser very near price as it 'pushed' priced down...
Wedge breakout, target price $9,700
Support zones at $9,100 and $9,200
Current situation we will see is a pullback and due to wedge breakout should rise to $9,700 but we can expect resistance from thin blue line 'HighPhaser', which is the MarketBaseLine overlay of the a third chart (60 min).
So we can expect some ranging with dated high to supports stated or...