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
I see that I hove a lot of work to do in Sept.
Candles are ALWAYS grouped in periods of THREE!
A box that contains 3 periods has 3 shifts & a box that contains
6 periods has 6 shifts. Once you go beyond 3 shifts you are not gaining
any additional information as you get a greater number of combinations
saying the same thing.
When you are NOT using shifts but a single CC, you are simply attempting
to select the shift that filters out the Rats. Body in the direction of profit, a wick doll, MM, & you are golden.
When you ARE using the shifts you are NOT trading a 3 period but timing the single period.
As before, body in the direction of profit / wick doll / mm, only this time you are not filtering but comparing the actions of each shift.