(continued) TL Cycles — I'm calling the last post's chart study, "TL Cycles". example: Trade each trend. Next trend is 858 to 1550. Previous trend already mapped. Draw a temporary skew line into the next trend's area to get the general idea of ...

Pattern's Chemo-Electric Trading Journal

You're not kidding. I've arrived at dozens of ways to draw them, and only recently have I settled down to organize them into an approach. It's nice to study the charts of those who've already gotten it together, such as the last post's. I think of ...

Behind Trendlines

(revised) chart study, new: The underlying framework: It has to be a grid. A skew to the grid forms a deviational trend, which is still the grid, only an alternate. You align a pivot to the grid. The grid has a mid, which is a formal breakdown of ...

Pattern's Chemo-Electric Trading Journal

Pardon for my interruption. I noticed nice balances and interrupting falls in the last chart of post #61, and made the version below. Hope it helps. image

Chart patterns and trendline discussion....

Overlapping different TL methods at or around one TL is one approach to dealing with TL's. A more traditional view is to take one TL method per TF. To me, the gbp/usd cycles best in the 15-30' TF's: You can see why the trend changes from one segment ...

TF combos

TL's table (columns) imaginary, candles, shapes, multi-candle pivots, patterns (rows) anchor, balance/center, multi-/anywhere I've reached my comfort zone: Make up a TL / pattern-repetition reason to trade from the TL's table above -- each one never ...

Pattern's Chemo-Electric Trading Journal

Trying to get this. A trade's reasons define the situation for the trader, and an off awareness of the trade area's possibilities changes which (device) and where (TF) to interpret for the reason: Cut losses early when the trade's reason makes too ...

How to cut losses and letting winners run

Good point. There's no transparency to the forex market, no level II such as for US stocks, and only the broke rs and rich traders can see order flow. Thus, we have to settle for reading their typical buy and sell patterns around known events, over ...

Charts, time frames and indicators! Oh My!

Neat ideas you introduced. Several points to consider: In a way, you're justifying use of oscillators (which I usually reject due to lag) over or at least with candles. Another ff math aficionado's links googled this to here, for this quote: " ...

The Market Explained by candle sticks and price action

I called FXCM weeks ago on this and they said if your free (usable) margin drops below 0, you're on margin call and your positions are automatically closed. If you trade in their FXCM Micro contest, where I'm fairly certain that you can trade over ...

Help - Hedging Loss?

(revised) Finished TL types, now I focus on getting the best crosses to trade: image order of complication: candle (high-volume, short series,)-- difficult to select what to do with it, and easy to know what to do what's done dot (logarithmic ...

Pattern's Chemo-Electric Trading Journal

Thank you for asking, and yes, I meant for them to be with the "Others" option. Also, sorry I said "session timing", which makes no sense: 'Session times' is what I meant. On news: You've heard of Time Lines, right? The minute news is announced is ...

What is the most reliable and profitable technical tool?

Well then, here's all my choices. Trendlines are made from price patterns, and horizontal lines (including "Round Number" and thus a couple of fib numbers, and the weekend break (vertical)) are incidental in being a type of trendline. Candlesticks ...

What is the most reliable and profitable technical tool?

Another one, when higher TF's are ignored while doing 5]: 5] sounds like tunnel vision, in that one neglects what's happening around the traded area (a kind of distraction within the trading). Trades done may be too small for the method. Then, when ...

Lessons by Joe Ross

Since nobody is either right or wrong all the time, an emphasis on how much one is right could help. If I have a decent trade reason that I underestimated the in-trade drawdown for, I'd be doing one of the trade types you noted. If I simply flubbed ...

What's the point of hedging?

indicator, thread

Time Indicator

I was going for how the shapes are positioned in relation to your trendlines. What shapes you have here are fairly nondescript, to me, with only a little directional value in each shape. I'm still demoing for a method which looks for TL's and ...

Price Action System 1min charts

Hi daniel242, I also used trendlines automatic indicator years ago, only wasn't able to decipher it at the time. You seem to have made some progress in this. I took a different path, having left TS and am looking for my own way to draw TL's from ...

Price Action System 1min charts

Yes, it seems gut feelings work with understanding news, and only a little or with difficulty using technicals. I'm still on demo, to find a technicals-only edge. (It could happen; at least, have tried about everything, even added mm.) I was in ...

Forex Questions from Noob

I have this: The chart is my teacher. It can push one to excel. Also, I'd guess that, except when honing that edge, a trader with an edge in the market is well aware of what to do and only awaits opportunity. So then, it's the acceptance of one edge ...

Trading Fears - Losing money, Missing Out, Being Wrong