Hey mob,
here is an example:
http://kreslik.com/forums/viewtopic.php ... c&start=20
dojirock
PA, S/R, ZL, EXTREMES & MOMO
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In the attached image, the green shift is the one that has moved the farthest in the latest up move
but before that it was red on the way down, in this case, red used to be the leader and the green shift would now be the new leader
so does being the leader mean it acts as the body in the single tf while the other two shifts, red and grey acts as wicks?
but before that it was red on the way down, in this case, red used to be the leader and the green shift would now be the new leader
so does being the leader mean it acts as the body in the single tf while the other two shifts, red and grey acts as wicks?
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Last edited by erika_bb on Sun Aug 21, 2011 1:54 pm, edited 1 time in total.
I do not trade systems, I rely on my ability to determine what a move means by considering several factors
Often people will show me a pattern on a single chart and ask me what it says about the future. A single pattern on a single chart means nothing; it only has meaning in the context of everything.
An idea is what you believe about the truth of trading, such as:
support is a line that can be crossed but not closed below, if price is going higher
then price is closing higher, time will bring price / x pips = time, there are many higher highs but only one highest high, etc.
Ideas are at work on several tf's at the same time.
Often people will show me a pattern on a single chart and ask me what it says about the future. A single pattern on a single chart means nothing; it only has meaning in the context of everything.
An idea is what you believe about the truth of trading, such as:
support is a line that can be crossed but not closed below, if price is going higher
then price is closing higher, time will bring price / x pips = time, there are many higher highs but only one highest high, etc.
Ideas are at work on several tf's at the same time.
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- aliassmith
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Jalarupa wrote:And the higher the time frame the bigger the move away from S&R once there has been a rejection... Don't tell me you never saw this coming...
That's when we like hit it with a big stick (creative position sizing)...
probably a move that would have trippled your account
Trade Your Way as Long as It Makes Money!
MightyOne wrote:I do not trade systems, I rely on my ability to determine what a move means by considering several factors
Often people will show me a pattern on a single chart and ask me what it says about the future. A single pattern on a single chart means nothing; it only has meaning in the context of everything.
An idea is what you believe about the truth of trading, such as:
support is a line that can be crossed but not closed below, if price is going higher
then price is closing higher, time will bring price / x pips = time, there are many higher highs but only one highest high, etc.
Ideas are at work on several tf's at the same time.
Hi MO is this somehow similar to what you look for when you analyse through diffrent time units ? also do you combine candles for such time frames or you do that on low tf (hours) only ? thanks for the anwser
Most of the time my trading is just Space & Position like so:
http://tinypic.com/view.php?pic=23lidrm&s=7
I'll answer the other questions later on today.
http://tinypic.com/view.php?pic=23lidrm&s=7
I'll answer the other questions later on today.
MightyOne wrote:Most of the time my trading is just Space & Position like so:
http://tinypic.com/view.php?pic=23lidrm&s=7
I'll answer the other questions later on today.
Could you specify the pair and tf ...so I can better study this case .
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