Doing exactly what everyone else is doing (even though the decorations are slightly different) and expecting a different result clearly dosen`t seem to work.

What works, and what doesn't

Reminds me about the "Psychology" in tarding. "Its all about the psychology !!1!!"

Think and Grow Rich by Trading

You could use charts which in theory don`t require any time at all, they aren`t based on time. As a matter of fact you might even find that they offer much better picture. But as with everything there are advantages and disadvantages. Tick Charts - ...

Timing is everything but time is worthless

I just realised, is it basically an index ? Like s&p ?

How to properly use indicators

I've attempted to catch full bars, no matter the direction. But got screwed due to all other kinds of bars... is it possible to filter them out based on the previous candle ?

candle stick, your enemy or your friend?

I used to trade the currency rather than a pair. For now I just trade the USD, im looking at all majors plus nzdusd. If all show similar strength of weakness towards the dollar then Im just getting into the pairs with best strength/weakness and ...

Do you trade one or multiple instruments?

Very original and interesting use of the short term blue moving average you have there. I never saw it before, but I see now that in a uptrend (supported by the longer term m.a.), the price below the short term moving average is "oversold". The ...

How to properly use indicators

The closer the support & resistance to the right side of your chart, the more valid it is.

Suggestions for trading support and resistance

But when you buy low, arent you counter trend trading ? When if you buy high, you trading with the trend. Because noone knows how high a price can go.

How to properly use indicators

Didn't Turtles use 5 and 10 periods for Donchian Channels ? This allowed them to see a shorter and longer momentum. On breakouts the shorted and longer donchians merged together. On consolidations they diverged. image

How to properly use indicators

But where will you put the line and for how long?

How to properly use indicators

What if its about convergence/divergence of the current price from "historical" high/low extremums?

How to properly use indicators

I hated the ob/os due to personal experience with it... All traders are taught to trade reversals from ob/os. But what if you look at it as a state where the price is attracted with a magnetic force to the high/low extremum?

How to properly use indicators

The latest R% reading shows where we are in relation to our boundaries.

How to properly use indicators

Here you are updating your historical highs. You have no history further than 80 bars ago.

How to properly use indicators

Each chart here is an 80 bar rolling timeframe. You can visually see the opening price of it, the high&low, and where the current price fits in between them. Visually draw 80% 50% 20% levels and you also get your overbought/oversold

How to properly use indicators

The thing with stochastics in the way you use them (Williams R% does the same job), is they are basically rolling time frames instead of classical timeframes. A d1 candlestick is a fixed daily tf. But a 24 R% on H1 is a rolling daily tf.

How to properly use indicators

Well there are really only two options.. The price will either bounce or break from the yesterdays high/low. However even without looking at charts, if the price today at any given moment is higher than yesterdays maximum price. Doesn`t that tell ...

Buy above yesterday high sell below yesterday low

Thanks) I`ve never even looked at charts of dxy/xauusd/xagusd/xtiusd before, usd against all the majors plus nzd was enough for me. But recently I decided to include it in my intermarket analysis, and remembering things I`ve read about correlation ...

The Strength of USD

By the way. If you imagine any range as an ohlc of that specific timeframe. For example W1, than you will find that frequently during the early time of the periods lifetime the First extremum will be made, while the Second extremum will be made ...

Anticipating Weekly Highs/Lows on EURUSD