Hello, manOriginally Posted by ;
you did good job. What timeframe you exchange?
best regards
B.S
Hello, manOriginally Posted by ;
you did good job. What timeframe you exchange?
best regards
B.S
My trading procedure is based solely on price. A timeframe is perceptions of seeing the patterns/charts we would like to see visually to affirm our trading system or appliion.Originally Posted by ;
Basically, I'll say all time is equal. Nonetheless, it begins from the potential TF like per week to daily and zooming all of the way into 1 if desired.
If the bigger TF move, it is going to influence the smaller TF in the future.
So technically, timeframe utilized is. As price level hits the said levels.
Regards,
TheDoc
TheDocOriginally Posted by ;
Yes. PA may be used at all timeframe, and also the TF controled the TF that was low.
I suggest you can leave the TF on the pic you posted. So that I can know what tf you entried the trade.
Another matter:
1) zooming all the way into second 5 or even second 1 if needed.
When you will trade into second 5 or minute1?
Two)
How you know which place of this fad the market is on? How to gauge the maket is reverse or trend or retrace or range?
Thanks for the reply very much.
best regrads
B.s
Trade #5
Date: 3th April 2018
Currency Pair: $USDJPY, #USDJPY
The system used: Range Trading
Trader's Summary if any:
Market BUY Order: 105.70(Asia Market) Stop Loss: 105.40 (Breakeven) Take Profit: 105.95 Validity: No limit
Trade Management Breakeven: 25 points Trailing: 25 points Level: 105.50 (If price closed above this amount, the trader might consider to cut or scale from place) 2nd Take Profit level: 106.25
if you'll trade into minute 5 or minute1?Originally Posted by ;
If possible try to have a couple displays so you can get exactly the exact same alignment of consensus via the chart.
The minute 5 would be to acquire the best entry for higher lower or low high if going to get a buy low sell high setup.
Or buy within the moment 5 bull in the bottom station or bearish candlestick sell at top station to confirm the range remains intact at the point of time.
How you know which area of the trend the market is on? How to judge the maket is retrace or reverse or trend or range?
The bigger timeframe of daily, hour4 and hour might show whether the direction is sideway, trending that can be very obvious.
A sideway market goes inside 2 horizontal lines, in which as a trending market is creating higher hi or reduced lo within the last 24 hours.
As for alteration, nobody will understand but only observe the overall-trendline is broken, and then is a fantastic sign the trend has drained.
Trade #5 moved in favor. [Green]Originally Posted by ;
Amounts - 105.95, 106.25
Pivot 106.15
Trade #6
Date: 13 April 2018
Currency Pair: $GBPUSD, #GBPUSD
The system employed: Range Trading
Trader's Summary if any:
1. Market Sell Order: 1.4244(Asia Market)
2. Stoploss:1.4274
3. Take Profit:1.4214
4. Validity: No Limit
Trade Management
1. Breakeven: 20 pips
2. Trailing:20 pips
3. Level: 1.4259 (if price closed below this level, it may consider to cut or scale from position).
4. 2nd Take Profit Level: 1.4184
Trade #6 transferred in favor. [Green]Originally Posted by ;
Amounts - 1.4220, 1.4248, 1.4294
Pivot 1.4248
Trade moves and HIT BE before TP1, and the market made u-turn and bull-up upon EU Session opens.
Trade #7
Date: 17 April 2018
Currency Pair: $USDJPY, #USDJPY
The machine employed: Range Trading
Trader's Summary if any:
1. Market BUY Order: 107.00(Asia Market)
2. Stoploss:106.70
3. Take Profit:107.30
4. Validity: No Limit
Trade Management
1. Breakeven: 25 pips
2. Trailing:25 pips
3. Level: 106.85 (if price closed below this amount, it might consider to scale or cut from place).
4. 2nd Take Profit Level: 107.60
Trade #8
Date: 17 April 2018
Currency Pair: $USDCAD, #USDCAD
The system used: Trend Trading
Trader's Summary if any:
1. Market BUY Order: 1.2573(Asia Market)
2. Stoploss:1.2543
3. Take Profit:1.2603
4. Validity: No Limit
Trade Management
1. Breakeven: 20 pips
2. Trailing:20 pips
3. Amount: 1.2550 (if price closed below this level, it may consider to scale or cut out of place).
4. 2nd Take Profit Level: 1.2633