How You know at London open where the price will break out of range. It can go down and up? Also it can go up breakout the range and than reverse and brake down.
yes it can, so if you got to 1 min time frame you see how the big green candles held price above the channel for cinfirmation.
you can wait for a pull up pull back down for confirmation…but we know more then that coz failures do not combine what is covered in this thread already.
i.e. upper channel above 200 sma above 20 , daily upport supported 4 hour channel supported…all on the hour, so entry on the 15
look its about putting it all toghther…this is the part traders cant understand…dont ignore 50 pages of thread, the 50 pages of thread will have taught you to ignore the fake outs.
daily chart support, 4 hour support 1 hour support
daily channels 4 hour channels. 1 hour channels
price above 200 and 20 on hour charts
put it all toghther, , past is becuase your trading small time frame with out a system
Dennis how do you mark your Daily S&R, how many times does price have to test it before you consider it S&R, and how many days weeks months do you look back thanks again
1 hour 4 hour , daily is minimum for any time frame.
C…your on it right again, thats the right question, i know where your leading to…firstly for everyones benefit i answer the small picture…ok small picture: So if im looking at a 1 minute or 15 minutes its only the 1 h 4 h daily chans and s&r that i pay attention to . Any chart that is in last 6 month or more high or low i will be on it.
Now the big picture: But more importantly everything is about the 200 sma. So if a daily monthly weekly is at sentiment 200. Then thats your gold on gold…i may teach you guys this stuff later, i wanna be sure you got the basic intraday stuff worked out first. When you wanna play big then will cover 2 year trades …
In 2006 i shorted yen usd at 123. 920 closed it at 97.672 in 2007 july 2002 my first live trade euro usd 0. 96273 closed in 2003 1.11384 stoped trading and restarted trading again in 2004 SOME HOLIDAY WHIPY. ALL LONG TERM TRADES - Used a intraday hedging strategy to bag a salary to protect my postions for long term.
When i first started trading i only traded the big time frames. What we covered is in most part on small time frames…C, your seeing the horizon.
Its important for me to be doing intra-day right now, if you all can grab it like my little team I am teaching here in Bahrain. Then I will… C good question I WILL LEAVE YOU WITH ONE THOUGHT! THATS WHY SQ IS SO IMPORTANT, ITS BEST ENTRY FOR DAILY OR WEEKLY NOTHING CAN TOUCH IT…THATS 400 PIPS A MONTH FROM ONE CLICK OF THE MOUSE ON SQ…C THAT WAS THE RIGHT QUESTION…YOUR PEELING BACK THE ONION
best you will ever do on a cross of sq on hour chart is 1400 pips…no limit to sq on daily or weekly…i think we should do some weekly daily set-up. Let mm run for the next 12 months in profit…you need a broker with no coms or roll over, just spread
CoT charts are based on CoT reports which are published by the CFTC each Friday on 19:30 GMT. Each CoT report includes a breakdown of each Tuesday’s open interest for markets in which 20 or more traders hold positions equal to or above the reporting levels established by the CFTC. There are several reasons why CoT charts provide valuable information about changes in the position commitments of traders:
Flips in the overall positioning may be an accurate trending indicator
Extreme positioning has historically been accurate in identifying FX market reversals
Changes in overall number of contracts can be used to determine strength of trend
As the U.S. dollar is the base currency of all futures contracts, the CoT chart for EUR represents statistics for EUR/USD. In a similar manner, the CoT chart for CHF represents statistics for CHF/USD. The full list of the currency pairs includes: EUR, GBP, JPY, CHF, AUD, and NZD.
Thank you for your answer but I’m still not sure
When you are doing intraday trading so far on this thread, when we are looking at H1 and looking at a squeeze but we have to mark the 1H S&R and the Daily S&R, what do you consider S&R how many times does it have to be touched so you can say okay that’s S&R line and how far back do u look to draw your S&R if your intraday trading on the H1 squeeze?
…damn im being bombarded by blackouts here anyways >_< i shortend my Takeprofit since im not gonna be able to babysit the trade because of the constant black outs here every 3 hours
EDIT: ignore the attached image below , how to remove it? its annoying >_<
I think its explained well on Skuldz below charts and the vid he posted, trading the SR is pretty much standard…either weight longer for confirmation or buy the first touch. depends how many other factors are in agreement.
