Patterns Observation.

[Don_xyZ]

Switching from M1 to M5 enables me to increase the span of my kill zone. So we back to trading 2 sessions ++.
Same backbone but with the entry trigger returning to M5 just as it was in the 1st post of this thread:
post148989?sid=635617a06c07e7aa3ce32db6eaaf7187#p148989

XAUUSDM5.png (66.83 KiB) Viewed 954 times

XAUUSDH1 June 8, 2023.png (120.25 KiB) Viewed 954 times

The 3 lines are there to mark the effective beginning of the sessions.

To make crazy returns, you either trade from close to extreme or from extreme to extreme. By close to extreme it's the situation depicted by a marubozu. By extreme to extreme it's the non-marubozu. Have big tf in mind.

[Don_xyZ]

Already put the indicator file in the 1st post just in case you also want to try.

post151670#p151670

[prochargedmopar]

Quick post, on the road.
Testing a broker with a better trading condition. (supposedly).

Let's see...

Screenshot_20230503-100253.png
Screenshot_20230503-100706~2.png

How did that broker turn out?

[kiwiarian]

Switching from M1 to M5 enables me to increase the span of my kill zone. So we back to trading 2 sessions ++.
Same backbone but with the entry trigger returning to M5 just as it was in the 1st post of this thread:
post148989?sid=635617a06c07e7aa3ce32db6eaaf7187#p148989

XAUUSDM5.png
XAUUSDH1 June 8, 2023.png

The 3 lines are there to mark the effective beginning of the sessions.

To make crazy returns, you either trade from close to extreme or from extreme to extreme. By close to extreme it's the situation depicted by a marubozu. By extreme to extreme it's the non-marubozu. Have big tf in mind.

interesting post thanks, I was playing with a sessions idea earlier, this might help me reframe it, have a think about extremes more etc.

[Don_xyZ]

Quick post, on the road.
Testing a broker with a better trading condition. (supposedly).

Let's see...

Screenshot_20230503-100253.png
Screenshot_20230503-100706~2.png

How did that broker turn out?

I'm using that broker now. It has its fair share of weaknesses but overall it's more positive than the previous ones because though they are lacking in some areas they also provided workarounds. I like it when a broker has multi terminal capability or copy trading feature. This broker has both. Also, their leverage is bigger than the previous broker. Leverage is limited up to some point but when you have multi terminal or copy trading, they negate that limitation

[Don_xyZ]

Switching from M1 to M5 enables me to increase the span of my kill zone. So we back to trading 2 sessions ++.
Same backbone but with the entry trigger returning to M5 just as it was in the 1st post of this thread:
post148989?sid=635617a06c07e7aa3ce32db6eaaf7187#p148989

XAUUSDM5.png
XAUUSDH1 June 8, 2023.png

The 3 lines are there to mark the effective beginning of the sessions.

To make crazy returns, you either trade from close to extreme or from extreme to extreme. By close to extreme it's the situation depicted by a marubozu. By extreme to extreme it's the non-marubozu. Have big tf in mind.

interesting post thanks, I was playing with a sessions idea earlier, this might help me reframe it, have a think about extremes more etc.

The benefits of trading with bigger tf is less time to analyze, monitor and can increase the kill zone, among others. I mentioned the weekly tf some pages back. Now imagine if you can trade from extreme to extreme of that weekly or monthly candle. This is where switching mode becomes crucial; from scalping to daily anchor trade to regular anchor trade. One sage said, "obedience is more important than intelligence." In trading, it can be applied to "follow the BIG move".

weekly tf.jpg (4.32 KiB) Viewed 879 times

daily tf.jpg (12.91 KiB) Viewed 879 times

M5 big tf extremes.png (63.1 KiB) Viewed 879 times

For this to work, you need stats. Strong ones. Whether you scalp or do anchor trading, this kind of mindset will definitely help

[Don_xyZ]

Those two candles in xauusd.... worth around 390%. I can already expect some people posting a 1k% or more on YT on this

Jun. 09 08.13.jpg (22.71 KiB) Viewed 862 times

[Don_xyZ]

Then again, these 3 dropping candles on UJ are worth even more LOLZ

Jun. 09 08.28.jpg (21.77 KiB) Viewed 849 times

[IgazI]

Because there can only be one HH or LL, you can wait for the period to close and then target the extreme;

this will work the same on all chart periods in which you can realistically get into a trade at one end and get out at the other.

ONE_HH_LL.png (19.81 KiB) Viewed 849 times

[kiwiarian]

Because there can only be one HH or LL, you can wait for the period to close and then target the extreme;

this will work the same on all chart periods in which you can realistically get into a trade at one end and get out at the other.

ONE_HH_LL.png

T is for trigger/trade and x is target?
That picture gave me an aha moment, thanks.