Attachment 538341
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Attachment 538341
Okay here we have a 5 minute E/U chart, where do I buy and where do I sell... some may find it effortless to do... some may not... (ohh and hindsight... well... it's good isn't it! https://www.forexforum.co.za/attachm...0979627501.png)
https://www.forexforum.co.za/attachm...1904059071.jpg
Okay this window... no fancy indior... however, I have attached low and high of preceding one hour to the 5 minute chart... now could you tell in which you would buy and where you would sell?
1. Can you buy/sell in a rest out?
2. Can you await traceout after breakout has happened?
3. Where would you put your SL/TP?
https://www.forexforum.co.za/attachm...1735018692.jpg
Ok - I've attached 240 (preceding 4 hours - thicker outlines) to this chart.
Does this help to determine where price is going? Does this answer some of the questions that are above?
https://www.forexforum.co.za/attachm...5926322299.jpg
Ok - Now I've attached 1440 (Past days high and low - yellow and green lines) to this chart.
Can this help to see where price is going? Does this answer a few of the questions in post 3?
https://www.forexforum.co.za/attachm...7843741136.jpg
You can continue adding weekly and montly timeframes on your chart to see in which setups can exist... anyhow... for now... I'm off too bed... and lets see tomorrow develops... I'm on the website from time to time through UK hours but be unable to react to all posts, due to work and home... but I will try my best.
Regards,
Vip
Hi Guess,
anticipating seeing what you come up with. Have just realised that the significance of the weekly high and low doh! , and literally just found a similar indior you are using.
I'm currently using 4hr chart with weekly high and lows as support and resistance and two ma's on cable. See connected.
cheers J
https://www.forexforum.co.za/attachm...9277428767.jpg
Hello starters,
No worries, I think people tend not to realise the significant of High and low on a MTF approach... another significant facet is close and open.
I can't post an example at the moment but it would be good to create the indior to allow us to observe this.
Regards,
vip
Quote:
Originally Posted by ;
Hi,
Good posts. Here's another indior that you may find interesting for your egy.
https://www.forexforum.co.za/attachm...1118602860.mq4
Hi Chamane,
Will take a look... thanks.
Vip
Quote:
Originally Posted by ;