[Ingot54]

Andy

You are most welcome to post as many charts as you need to demonstrate a point ... and if you are able to put the templates into EA form that would also help quite a few of us. My skills do not extend to software writing - I struggled to post the Rainbow Palette Parameters ... l:^)

My landing skills will be different from yours. (Landing skills = Entry / Exit)

I wasted so much time in the past trying to figure out how to get my entries right, when trading equities, that I realised there has to be a better way.

I try to major on getting the trends right first. Sometimes this means missing an entry at the "best point" but "best points" are usually more obvious in hindsight.

The first thing to "know" is this:

"Is there a trade setting up here or not?"

What I hope this thread can achieve, is to develop Landing Skills to suit the time-frame. By that I mean we should try to forget about previous concepts learned in shorter TF trading and DEVELOP NEW ways to optimise Landing points.

My own method is to look at TF from 4H through to Monthly.

I start briefly at Monthly and work backwards to Weekly, Daily, 4H. That is self-explanatory really - either you have a trend or you don't. At that point you either turn off the computer and go for a game of golf or tennis, or flick to the next currency pair.

In my case I follow only the majors - issues of spread and liquidity are minimised, and you can really get to know the character of the pairs by being restrictive in focus. Further, it is important to be aware of FA issues such as Employment trends, Interest Rates and Inflation and Current A/C Balances and so on.

This will not affect your trading per se, but WILL give you a background reason to help in decision-making when you see the trends begin to flatten and turn. You need to know whether a Fundamental shift is occurring or not.

I know we are focusing on TA as traders generally, but keep in mind that the LONGER the TF we operate in, the MORE IMPORTANT FA becomes to our strategy.

As an example, if you are trading monthly charts (I don't know George Soros, so I don't know anyone who does this) you will NOT be looking at what the 1H chart is up to. In the context of longer TF such movement is just "noise".

BUT the Monthly charts WILL be affected by economic data, and although sound knowledge in this area is not essential, on this scale such knowledge can be a definite advantage.

With patience Andy, you begin to let doubtful trades pass by - why?

Because your money becomes tied up and could be employed in a far more favourable setup, simply by having your cash ready for the GREAT setups when they occur. 24 hours is a long time in trading, but on the longer TF 3 or 4 days is a long time.

This method gives you that time ... and that is what we want in trading - success without screen-gazing.

What is important is TIME in our lives. No use earning heaps of money if all your spare time is used up in making it.

Sorry for the long-winded post ... that is an unfortunate feature of my writing - I assume people don't know stuff, and I tend to overdo the yak-yak! Bit arrogant of me I know, so please just gloss over the boring bits ... we'll get there.