Trend-Setter Indicator

SwordOFManagement could you say if i see things correctly?


Looks good to me.

to make things clear. This method/point of view market the best works when we playing off of daily + extreme?.

Because you show only one time frame and play on M30.

Maybe the first step should be look on W1 then D1 and finaly using 3xCC on TF like M30 or M15 to play of this extreme to another.

Just because I show you one time frame that doesn’t mean that you cannot use another.

If you are trading a 1-10 minute chart then use a daily+ extreme but if you are using a higher chart
then use a weekly+ extreme.

POST #144 Indicator

LARGER IMG

Nice to see your basic analise on GU i made in morning trade on GU and still holding

If you want you can comment this chart.


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Of course ont top chart is weekly extreme.

I see that you have your “somethings” down, now how is your understanding of space?

do not understand anything, simple black magic, and this is not language barrier, just brain barrier. Please dont waste your time :smiley:

May I ask what language?

english of course, this is not my native language. You dont imagine how hard for me is read this all topic.

This situations make me problem. If i get nice entry and price going down and i meet “my something” line, then what i should do? I have two options. Exit or hold my positions to crash zone. But sometimes if i exit because i scered that price can shoot up and cut me price going down 2 times faster then i think without posible to enter(ofcours there is posible to enter on breakeven).


S/R is always viewed as something that was overcome and NEVER as something that stands in your way.

Do not create obstacles for yourself.

Point to the last body that closed and consider information from there and to the left; if you watch price
bounce around you will only drive yourself mad.

If you are that worried then start dropping down the TF’s until you feel comfortable & if you still feel skittish
then reduce your size by one lot (I hope that you trade at least 3 lots) and exit if you get a close over.

Move up the time frames when you feel more confident.

hehe

SwordOFManagement you say S/R is always viewed as something that was overcome and NEVER as something that stands in your way.
concludes of this sentece is nothing is matter only what price doing curently, but good idea is too watch high TF extreme because price usualy return from this potint.

And if im good understand when i was making order i should focus only on S&R what i cross in my direction.

So S&R is line to help as not to destroy us :smiley:

Thx

OK this is my secret thinking LOL

I was thinking that the intervals are as airplanes. Small intervals of M15, M30, H1 are like small planes. They are fast, agile, and often fly and need a small space. (D1 extreme). large airplanes such as bombers, flying slowly, slowly change direction and carry a lot of “stuff” but they need a huge space (W1, MN1 + Extreme)

and S&R is like air base, refuel there and decide where they fly further

Damn i should go sleep.

SwordOFManagment you write Simplicity that is certainty such as: there being only one highest high in a given range, the distance that you can expect price to travel over a given period, price not trending lower without closing lower, larger periods contain larger corrections than smaller periods, etc

Could you show this on example?

SwordOFManagement like you say, i get close over so i exit with short trade. Then i change direction. And now i was entering when CC change color. We get new LL so its possible to go Long.


SwordOFManagement if candle dont have wick its mean something? Maybe this may mean that the candle is not actually closed at the place where was closed. and we should add to it the next candle what closed to get real close?

I think the good idea was exit on Daily etreme from this long.

Yeap i Exit 5889, and im try short with small sl.

OK This method is very intresting but i think we all have some trubble.
So take for example GU D1 and then zoom it to H1 and try to explain what is going on.
This is confiused because basic idea is to play from Daily extreme. and we must think what point give people triger to enterd in transaction. The best idea is break daily high or previus daily low, BUT like SwordOFManagement write I don’t believe that the daily start time matters and this is true because every one use diffrent time zone and we have diffrent H/L and size body D1 candle. But we still know that break D1 is importan. So what is this daily extreme? If we watch on Daily chart we se many wick,but in my opinion not every wick D1 is H/L(because time zone is diffrent). The best way to determine H/L on Daily chart its looking on color body and size. If we have for example 3 green D1 candle in row the true high will be then when 4 candle turn red and close OR its will be still green and close but the size of candle willbe smaler then previus High. Next good possible to see true H/L is see patern HH/HL/HH or LL/LH/LL.

If we assume that S / R is the line for that price is not close above/under then we have almost clear view.
OK if we know how to basic determine Daily H or L we can change TF to H1 and play.

SwordOFManagement say that price go higer when we close above “something” if close under price go lower. So if we have our line something (probobly HH or LL but i have better idea) and price close above and then under that line we probbobly go lower. So all what we need is close above close under.

This is Daily GU with drawing line from point in my opinion “daily extreme”( But this is not all. This is more complicated. We know that people entring with transacion on break, but when you see H/l people dont entring there! People entring erlier and you must found this please.)


And this is this same line but on H1


I’m trying to look at the chart for 3xCC. And I try to create a situation close above close under.

On this time this is all, I have more intresting (in my opinion) reflections :D. For example look on D1 chart and see how many time when price created new LL/ HH and change color we can grab so pips. This work on all time frame. but works best near previus HH or LL.

comments are welcome :slight_smile:

When I look for something, it is based on one candle or a series of candles as one candle; therefore “something” cannot be a highest high or lowest low as it is impossible to close over the extremes.

You try too desperately to be right instead of planning around the idea.

It is not the chart that matters but where you are on the chart:

The first step is to keep your position safe by reducing your position size or liquidating when necessary.

The second step is to increase your lot size.

The third step is to keep your position safe.

The chart should account for 10% of your decision making; if it is obvious then take notice of it but if it is uncertain then carry on with what you were doing.

LARGER IMG

You try too desperately to be right instead of planning around the idea.
You write this ,like you think that im thinking i have right. nothing more misleading

I dont write post above to explain people something. I write this to show people how i try understanding this and start conversation about another point of view.Iam noone, i never win on FX, I do not want to look smart because I’m not.

When I look for something, it is based on one candle or a series of candles as one candle; therefore “something” cannot be a highest high or lowest low as it is impossible to close over the extremes.

in post above i write ,"This is more complicated. We know that people entring with transacion on break, but when you see H/L (should write here on history) people dont entring there! People entring erlier and you must found this place.

You forget about step “0”. It should be" try guess witch way price will go"
Then other:
The first step is to keep your position safe by reducing your position size or liquidating when necessary.

The second step is to increase your lot size.

The third step is to keep your position safe.

When someone can doing step “0” then nothing is matter.