So this is my current setup, I originally just used the first two pictures below, but then I saw a Sam Seiden video about
Supply, Demand and Bollinger Bands , which made me want to go back to my
good old favorite BB's starting this week. (But at the same time I kind of want to do just price action and horizontal lines as well, so I keep both versions available for me to look at. I'll be making
observations on how best to use BB with all my new Kreslik and Seiden knowledge.)
I guess I justify it like "I'm nowhere near wanting to try Diamonds of Perception, so I'll use volatility to judge how fast a price should be moving.
I trade EURJPY for the 7P-11P / 7A-11A{EST} 4hr candles
I trade GBPUSD for the 3A-7A / 7A-11A / 11A-3P{EST} 4hr candles
(
If I'm awake, I try the GBPUSD 3A-7A 4hr candle)
(For trading the 7A-11A candle, I only choose one per day; either the one closest to day extremes, or whichever shows me something nice on the 4hr chart)
MT4 for some TRO tools and get general overview. Also, LOVE THAT pipware minicharts.
FXTS platform setup. I keep track of the
1.Weekly Open +/- @20 pips,
2.Monthly Open +/- @20 pips,
3.The Previous Week's High, Low & Open,
4.I mark out on the chart the 3A-7A, 7A-11A, and 11A-3P 4hr candles, and
5.The day open
And here is the Bollinger Band version that I might be "un-evolving" back into: {BB set at 20,1 and 20,3}