Quote:
Originally Posted by FXCaribbean
Do you advise, for each currency pair one choose to trade, to use all the timeframe from 20mn to 60mn, 5mn step to "hunt" the Evening Star ?
FXCaribbean
"Don't go where there is a path. Open a new one and leave a trail".
If you want to understand what we're talking about here (UMS) then read this |
Yes!! By all means, hunt for an evening star.
That is why we have all these charts - to maximize the probability of finding one in any given day.
The multiple charts are also in all the 4 major currency pairs so that there is now a great chance of finding a pattern.
I use 44 charts.
On a good day I can get 4 patterns in an 8 hour period.
Pips on all of them!!
Remember................ no patterns - no trade - no pips - no money!!
The people doing long term trading with candlesticks can spend days and days before finding an evening star.
No money all that time!!
Quote:
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If yes, then i can't find the post where you linked each timeframe to the related KC or STARC
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There isn't one.
A 5 minute KC or starc chart will do for each timeframe.
In addition, you can also change the 5 minute chart to a 10 minute chart when you look at 45-60 min timeframes.
But I have found that the 5 minute time frame is about the best.
It is different if you traded a daily chart.
Then I would recommend a 4 hour KC or starc chart.
Finally I need to clear up a misunderstanding with you and VulcanClassic.
The
main chart has only the Bollinger bands on it - nothing else.
The 5 minute
KC chart has Bollinger bands, Keltner channels, and 2 MACD's - the
normal and the
inverted.
The MACD's can be minimized by using the platform charting facilities.
The 5 minute
starc chart has Bollinger bands, starc bands and, later, we will be including a specially modified Stochastic.
It is an advantage to have 2 separate 5 minute charts - one for the Keltner entries and one for finding the retraces with the starc bands.
Hope this clears up some problems.
Sorry if I put a downer on your indexing work - it is great!!
Very smart also is your hyperlink "this" !!
Now every reader can link back to your indexing post.
Still, you will have to do more index work - because there is more to come.
