pablo101 wrote:MightyOne wrote:
I buy when price is going up or sell when price is going down.
I have lost the will to do anything more complicated than this
Now I shift my focus to Bobbo's Bible and Baluga Whale's Easy Game
MO, glad you're doing so well and I hope I'm not disturbing your game playing with my questions
"b. 6 hour is tied to D1 color, 8 hour to W1, & 12 hour to MN."
So you became a red rat because weekly was red and therefore on your 8 hour you only trade shorts?
If this is the case where did you enter and what are the multiple horizontal lines on the side please?
The lines are fibo. and they are used as mfAR:
0.1665, 0.333, 0.4995, 0.666, 0.8325, 0.999, 0, 1.1665, -0.1665
Divide the 2 bar range by 6 and draw a box that = 1/6 the range.
Place your fibo tool on the top of the box as if it were a high and drag downwards until the fibo are spaced to = 1/6 the range.
On the open of a new candle place a fibo line on the open.
From here there are a number of options:
1. You can move the fibo with the low or high wick and buy/sell on a retracement like TRO_HL.
2. You can leave the lines where they are and use it as a range adjusted Buy Zone.
I trade the 6 hour with D1 color, 8 hour with W1 color, etc.
I have also been experimenting with the Recent Candles indicator.
E.Area = 133.95, 133.45, 133.30, 132.90