The time of day doesn't matter.
What matters most is the color of the candles.
It could be minutes, hours or no trade that day.
$TRILLION STRATEGY
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- TheRumpledOne
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TheRumpledOne wrote:The time of day doesn't matter.
What matters most is the color of the candles.
It could be minutes, hours or no trade that day.
Today is an excellent example of what you're talking about. If you look at the yen, it dropped about 300 pips today, the hourly candle for 3pm is a hammer, so why would i get in now! i'll wait for some confirmation on the 60 min, or whatever timeframe i choose to get a short signal. Same applies to the other 2 majors.
The euro has 3 candles with tall wicks, indicating bearish even though the daily is bull
The chf has a quasi hammer on the hourly
I'll look for high probability trades. Feedback appreciated
Pipette
Last edited by pipette4x on Tue Feb 27, 2007 9:24 pm, edited 1 time in total.
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pipette4x wrote:TRO
you must think we're as dumb as a box of rocks spometimes with all our questions but we really do appreciate your efforts in educating us
Pipette
NO, I DON'T THINK THAT AT ALL!!
I have respect for my fellow traders. Each of us is somewhere on the learning curve.
One must keep searching for the answers to their questions.
So don't hesistate to ask if you don't understand something.
IT'S NOT WHAT YOU TRADE, IT'S HOW YOU TRADE IT!
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additional mt4 visual indicator...
Hi all, had a PM from a fellow trader requesting the indicator also show the daily Hi Low... so here you have it. Also, if you wish to download the trillion dollar days template you'll have everything set to go without any fiddling (just drop the .tpl file into the templates folder).
The below image is a screenshot with BOTH the original $TrillionDollarDays indicator and the modyfied $TrillionDollarDaysHL indicator. Place them into your indicators folder and you are good to go if you apply the template file found in the directory linked below.
Image has explanitory notes. DimGray = Session's Hi/Low
Green and FireBrick Horz.Lines are Open/Close of session
Aqua and Magenta Vert.Lines are O/C+10 pips
Enjoy!
Thom
All related indicators and files are in this new directory:
mt4-trilliondollardays
The below image is a screenshot with BOTH the original $TrillionDollarDays indicator and the modyfied $TrillionDollarDaysHL indicator. Place them into your indicators folder and you are good to go if you apply the template file found in the directory linked below.
Image has explanitory notes. DimGray = Session's Hi/Low
Green and FireBrick Horz.Lines are Open/Close of session
Aqua and Magenta Vert.Lines are O/C+10 pips
Enjoy!
Thom
All related indicators and files are in this new directory:
mt4-trilliondollardays
- TheRumpledOne
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pipette4x wrote:TheRumpledOne wrote:The time of day doesn't matter.
What matters most is the color of the candles.
It could be minutes, hours or no trade that day.
Today is an excellent example of what you're talking about. If you look at the yen, it dropped about 300 pips today, the hourly candle for 3pm is a hammer, so why would i get in now! i'll wait for some confirmation on the 60 min, or whatever timeframe i choose to get a short signal. Same applies to the other 3 majors.
The euro has 3 candles with tall wicks, indicating bearish even though the daily is bull
The chf has a quasi hammer on the hourly
the cable has had 3 bull hourly candles even though it's bearish
I'll look for high probability trades. Feedback appreciated
Pipette
That's right.. currencies are at EXTREMES - Above/below last week's highs/lows...
YOU CAN'T TRADE WITH BLINDERS ON.. YOU HAVE TO LOOK AT THE BIG PICTURE!
IT'S NOT WHAT YOU TRADE, IT'S HOW YOU TRADE IT!
Please do NOT PM me with trading or coding questions, post them in a thread.
Please do NOT PM me with trading or coding questions, post them in a thread.
Please add www.kreslik.com to your ad blocker white list.
Thank you for your support.
Thank you for your support.