It's a Continuation trade short on the 4hr. and it's probably going to be a Crossover trade short on the Daily.

Trading Made Simple(r)

You're welcome. Best of luck!

Trading Made Simple(r)

They are the same indicators I presented in Post # 1 with the SMI (Stochastic Momentum Indicator) added. Plus, I add the HMA Trend dots to my template.

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You can't (shouldn't) just blindly trust those arrows, that's why I took them off my chart. You have to use them in conjunction with other indicators.

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You're welcome! Good luck.

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Yes, it makes sense. Just remember, no two traders ever trade exactly the same, nor get the same results.

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Then technically there is only a Crossover trade and no Continuation trade so far.

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You read all time frame charts exactly the same. What applies to the 4 hr. also applies to the Daily. Waiting for the Daily to confirm will cause you to miss lots of good trades on the 4 hr. but it will also save you from a lot of bad trades. The ...

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It is, but what concerns me is that the Daily chart is in a down mode. So yes, it is better to wait for the Daily to confirm. BUT..sometimes you miss some good trades, it's just something you have to learn to accept.

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I'm using: smTMMS Oscillator_v7.1 in the lower window Nothing has changed on the actual chart itself.

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It's not so much bad, as it is that you are trading against the higher time which is not ideal. Plus, I find that trading the CAD is usually more frustration than it's worth.

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Someone asked me in a private message to post this: image file

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You're welcome dammasu, and thanks for posting. Trading can be a thrilling life-long adventure if you want it to be. Learn Price Action and Technical Analysis. Read the Market Wizards books and read about Jesse Livermore. Best of luck to you!

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Yes it is.

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No, it looks like this: image

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I am still using 7.1 right now. I haven't set up 7.2 yet, but I will. SwingMan said he tried to mimic my settings in a recent version and I think he did at that point. It's me that changed a few things after that. I like the arrows in the lower ...

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That should not have happened. You could delete the template and trying reinstalling it. Try this one, I know it works: file If it doesn't work, then it has to be a problem on your end. Otherwise, you could drag the indicators individually one by ...

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Correct. I often use those white bars to get into a trade (if several other of the indicators support the idea).

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I can see where it would have hit your stop loss, these things happen when you are using a relatively tight stop loss like I suggest. The trade-off is that you never have a big loss using a tight stop. There is NO PERFECT spot to place every stop, ...

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Those are all good observations. Now focus on what the white bars in the lower window might be telling you.

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