pgtips wrote:TheRumpledOne wrote:The suicide reference is in regards to using the indicators on M1 and M5.
Does that make it clear?
No sorry not as clear as I'd hoped, on this chart and all other on that page posted few days ago
they are all 5 min and have indicators on them ... so it looks like you are using indicators on M5 which confuses me.
The dashboard in donational, do you have one that gives an alert at the top of the hour or if price makes the new high or low, and same for 5 min charts DTBLAR available. . GU 1 hr (closed at high or low) green else red.
Here : http://www.fxfisherman.com/forums/forex ... #post39041
you posted the comment "opportunity" : Is it telling me GBPCHF closed within 1 pip of the low (which is therefore opportunity and makes sense.) and for a buy NZDUSD is within 7 pips of the day high, so another inside the 20 pip zone = opportunity.
That would make sense but I'd like to be sure, at this stage its new.
then this one
is a monster of info. What is it telling me? DTBLAR and NLA seem to have evolved from the simplicity of the earlier concept.
Thank you again TRO for helping to clear things up,
You cannot expect something said in 2009 to be exactly the same as one trades it in 2016; over time one needs to adjust a strategy and the more popular the strategy the more often one needs to adjust.
The first chart is of the Rat-zone which is a trade from the daily high and it is the same on every chart. To the right you see an indication of bias based on H1+.
If your indicator is watching a larger chart then it does not matter which chart you are looking at when you place a trade.
If your horizontal line is based on H1 and you are watching a 5 minute chart then you are still trading an H1 horizontal line.
If you are watching a 1 minute chart and your stop loss is resting at the low of a 4 hour candle then guess what your max timeframe is...