EURUSD Trades
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Re:
TheRumpledOne wrote:THIS IS GETTING TOO SIMPLE!
All you need to know is the value of the previous candle's midpoint.
All you have to do is trade in the direction of the 60 minute middle crossover and rake in the pips!
And you don't even need any technical analysis indicators
Looking over posts with "midpoint" in them. I know this is an old post, but what have you found with midpoints?
I'm building upon the knowledge I've gotten from trading pivots and I'm noticing some really cool stuff with the 3 level zz + Midpoints.
This is a trade I'm taking tonight. I have some others as well but this one is active.
3 Level ZZ - Rules
1. Move up on time frame until you don't see a semafore (your rule on trading these reversals). Main problem is that it continuously recalculates, that's where midpoints and pivots come into play. Both pivots and midpoints seem to show similar results though.
2. I match up the hourly, the 4hr, and the daily semafore bias. The 1hr and 4hr with the 3 yellow one.
Midpoint - Rules
1. Daily candles closes above/below midpoint. Bias in direction of Semafores. NZDUSD in this example.
Pivots - Rules
1. Open Above/Below Pivots. NZDUSD Opened above Pivot. I wait for pivot cross and I do use another level seen in the daily, but it's difficult to explain in writing.
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What I "see" in midpoints which is similar to pivots BUT midpoints seem to have a "weight" to them in regards to bias...not entry...bias.
Putting the midpoint indicator and running a daily graph as a line graph produces some neat results.
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- NZDUSD.JPG (177.36 KiB) Viewed 4822 times
"If you're wrong, guess what...thats TRADING"
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