Columba wrote:Hey TRO and worldwide team of Horizontal liners, how about this?
First, I enjoy very much my frequent viewings of the Daily Videos wrapping up all the strategies.
Generally, I can't just sit and apply strategies on the H1 or lower, although there are some possibilities on the Asian session for me typically around the Tokyo open and following hour. These are 'take what you can get' opportunities, but they are there. Grab a few pips, sometimes more.
So I am thinking a bit about D1 with assorted PA entries. Best, it looks like to me, is finding a 3 or 2 sema and entering at the line. But there might be only a couple of these a month per pair. Still, look over a dozen or more pairs and you've got something. And the 1 sema returning to the trend established by an earlier 3 sema is good, too. Way back when TRO did a video on this. I think this is fair to qualify as a Rev 9 trade as I am using the semafor for entry.
With apologies if these ideas following belong elsewhere, but they are at least PA trades.
Next, looking at reversals: green closes, red closes with entry at extreme low point of red wick and vice versa with a R close, G close, enter at top of wick cross. Looking like this is net positive.
Then there is the possibility of continuation trades: candle closes G, enter on exceeding top wick (& vice versa on R candle). As we would expect, this can't run on too long so entry on the second or third candle of the same color is about the extent of it. I need to see evidence of reasonable continuing momentum. Forget it if the D1 candle is small or there is a pin suggesting possible reversal.
Trying to apply TRO thinking and seeing of videos, if entering at an x00 line the SL ought to be the next RN 100 line up or down. But it gets trickier with the continuations or reversals. Entries are no longer at an x00 line. If a swing hi or lo is in sight, I will use those, plus a few more pips, up to around the 100 mark.
TRO and others, if you think I am waiting for the inevitable failure, please let me know. Sure, I like H1 better, too, but you have to be sitting there to make it work. If I have missed something fundamental, please let me know. A critique is welcome.
Thanks, and great trading to all!
There is no doubt that methods for those looking to use the high time frames (Daily and up) are not highly represented here.
Or so it would seem.
However, this isn't actually true, as with a bit of lateral thinking, due to the fractal nature of charts, you can actually use a good number on those big time frames.
HOLO and 1-2-3 translate well. I have used them myself. WZ likewise.
I'd imagine a variant could be found for RAT trades as well.
Using SEMA to find a return to an established trend direction after a pullback is something I've been looking at myself on the lower time frames and have no doubt that too would work higher up also.