Patterns Observation.

[Don_xyZ]

Done for the day chart.
Horis. Blue and Red. Blue = buy, Red = sell.
The chart is self-explanatory.

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Getting a bit more greedy? The last 3 trades (sell, buy, sell) worked hard to bring me pips

I watched Tom's video yesterday just because.

[Don_xyZ]

Done for the day chart. EU session.
1 loss, 1 BE and the big bang.

Look at 'em dots. Price. Lining up to the tell me where it'll go bang bang

Like a moth to the flame!

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Dot chart is the new best. For me. (and maybe for you too). At this point, CS is just TMI. Trim it down to dot! And then eliminate the dot altogether

(Dot chart + 1 pair at a time + 1 tf at a time) x 2 times a day = great weekend

Gonna be busy perfecting the chartless technique this weekend.

[Don_xyZ]

Came across this video here.

Umph... yeah... it's the trader alright. By trader, I mean WIL. Coz you might be lacking in many areas (that you will only notice once you get into the ring, the forex jungle, coz in here everything is on you) but with WIL, you will be able to patch your weaknesses, your doubts, your confusions etc

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See you next time folks!

[Don_xyZ]

I've been focusing so much on session trading so maybe I'm gonna revisit ideas for bigger tf on MT4 like H1 and up. Hopefully I'm gonna get something good like always

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Feeling a lil' bit more adventurous

[kiwiarian]

I've been focusing so much on session trading so maybe I'm gonna revisit ideas for bigger tf on MT4 like H1 and up. Hopefully I'm gonna get something good like always

images (60).jpeg

Feeling a lil' bit more adventurous

Some would say the LTF is more adventurous than the HTF

[kiwiarian]

I've been focusing so much on session trading so maybe I'm gonna revisit ideas for bigger tf on MT4 like H1 and up. Hopefully I'm gonna get something good like always

images (60).jpeg

Feeling a lil' bit more adventurous

What are the deciding factors for a HTF?
IE I got up to page 300 ish on Doji's thread and he has 4 hour overlay candles on his 5 min RB chart.

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[Don_xyZ]

I've been focusing so much on session trading so maybe I'm gonna revisit ideas for bigger tf on MT4 like H1 and up. Hopefully I'm gonna get something good like always

images (60).jpeg

Feeling a lil' bit more adventurous

Some would say the LTF is more adventurous than the HTF

Lolz right.

The challenge here is how to achieve:

htf results ≥ ltf results

[IgazI]

I've been focusing so much on session trading so maybe I'm gonna revisit ideas for bigger tf on MT4 like H1 and up. Hopefully I'm gonna get something good like always

images (60).jpeg

Feeling a lil' bit more adventurous

Some would say the LTF is more adventurous than the HTF

Lolz right.

The challenge here is how to achieve:

htf results ≥ ltf results

Darvas and Jesse achieved it through the use of very tight stops: after getting stopped, they would watch the price action to see if they should be out or if they should get right back in. . .

I know the answer is 'tight stops at all times', but I tend to be a bit generous with my points; I just don't like trading with stops in place.

[Don_xyZ]

Done for the day, for the 2nd time today both on AU but yeah... let's just jog.

Some would say the LTF is more adventurous than the HTF

Lolz right.

The challenge here is how to achieve:

htf results ≥ ltf results

Darvas and Jesse achieved it through the use of very tight stops: after getting stopped, they would watch the price action to see if they should be out or if they should get right back in. . .

I know the answer is 'tight stops at all times', but I tend to be a bit generous with my points; I just don't like trading with stops in place.

Tight stops works but problem is, the dots reach the prices faster on htf. In M1, it requires more than 10 or even 20 dots to reach for ltf to reach certain heights in price but prolly only 1 dot in H1. This translates to missed prime entry opportunity. So if I were to achieve or get more % gain in htf then i must be thinking about scalping that tf.

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abundantly provided on ltf.png (44.26 KiB) Viewed 1103 times

Also I would be tempted to go to ltf if I must use tight stops all the time

However, if I were to ride the momentum beyond daily candle (0) then it defeats the purpose.

So I guess my best bet would be to find something with a strong hit rate coupled with bigger risk (layered or even parlayed). As for the trading method, right now I have Catch The Tail and Strat's 123 in mind. I haven't discussed Catch The Tail in deTail yet (pun intended)

Or do you guys have some ideas for me to try?

[IgazI]

I think of a chart as a series of snapshots capturing a moving object.

If you are looking for 10 or 20 dots (snapshots) between prices then look for the same from the larger chart and adjust your price and time investment expectations accordingly.

Small stops can be used on any TF, it is just not going to be based on the technicals; if 4 points is 'too big' for a ltf renko then 4 points is plenty for a stop.

The way I have my split-tape figure chart set up is:
° 6 minutes x 12 prices ending in a 72 minute HL range
° 4 lines per card ending in 1/5 of a day (288 minutes)

I find myself always gravitating toward a 5, 60, 240 setup;
the largest just being used as a quick overview of the price action, the middle for structure, the lowest for decision making.

I use a 'three camera setup', for me it's ideal.

Anyway, I'm currently in the god's nowhere of Arkansas, population 190 something, with no cell service, so it might take me some time to respond.