Get started

Timeframes

USDJPY short W1: We are in an impulsive move after the retracement of an uptrend D1: We have an inverted H&S at a psychological level (112.00) which is also a strong Sup/Rez zone H4: We can clearly see a couple of Shooting stars/Hanging man candlesticks which mean that price is retesting the zone but never closing above it So my view is that price will go down till Fib 61.80% level which is also a previous support zone plus keeping in mind that it is a confluent zone between: (a lot of confluence) -Fib 61.80% -D1 trendline -W1 trendline -previously tested support zone
Short
by YerwantKansabedian
1
EURUSD: Interesting moves scattered aroundEURUSD has presented different opportunities and conflicting signals. 'Everybody' wants to know which way it is going. This is the wrong question. In this screencast I show different opportunities relative to trends on different time frames. Where price is going, depends heavily on which time frame trend you're stalking - and whether you'r willing to take a controlled loss on that time frame (alias stop-loss). As I do not work with a 'predictions' model, I simply cannot predict where price is going or any targets. My personal bias was for price on 1D time frame to move south. But now the evidence on the charts confront me. It is also probable that a lower time frame trend could eventually move the bigger time frames north. This is how big trend get reversed - it just makes sense. The way I see it is that all traders exploit trends - by some methodology. The trick - which is not easy - is controlling loss, extracting the money and running like hell! :) To be clear this post is not a recommendation to take any particular position.
by Captain_Walker
Profits? duh. Multi time-frame analysis 2: A trade exampleOk, so I promised I'd make another effort to do more analysis. I am however currently in Taiwan travelling so this will be short. Here we have another example of how including multiple time-frame analysis in your trading routine can keep you profitable. Let's go back to 12th November last week on the OANDA:CADCHF (Use the back testing feature on your chart in a separate tab if you'd like to follow along more closely): As you can see there doesn't appear to be much going on. The Daily chart is looking kind of choppy from the previous couple of weeks, although there does appear to have been a bull run since September with a recent "Golden Cross" of the 50/200 EMAs and price still trading above these dynamic SR levels. At this point then, if you're even thinking of trading this pair, you might be feeling bullish. But what happens if we zoom out to the Weekly chart? This suddenly becomes a little more interesting. You first notice a wedge pattern forming and additionally weekly deceleration right at the 0.7650-0.7700 SR Zone. What are the EMAs doing? Well the 50EMA (Red) is below the 200 EMA (Blue). So the long term trend is clearly Bearish, and appears to have been for a while. With Weekly Price Action stalling in an important SR Zone, right at the topside of a wedge AND trading between the weekly 50/200 EMAs, you can see the picture is totally different from what were presented on the daily. With all this information and considering the choppy price action on the daily, it is fair to say that the lower time-frames could be presenting us with a prime intraday swing entry opportunity. It turns out we didn't have to look too far. Here is the 4hr chart just before we set an entry order - Almost too convenient, right? Lets breakdown what we're seeing here. Apart from the obvious Doji/High Test at the 0.7650 SR Level, we are also at the all important 0.618 Fib Retracement level (note below)**. Despite the apparent choppiness on the Daily/Weekly time-frames the 4hr chart is showing a new Bear run, identified cleanly by lower highs and lower lows. If that wasn't already enough confluence for you, price has also rejected the Daily Pivot Resistance Level (R1). For me this was the perfect time to set up an entry. I'll save entry placements for another time but here () is how I positioned my Entry and Stoploss (SL) levels. As it was an intraday entry that I fully intended to be in, I placed the entry fairly close to where price was trading. A quick note on SL - Some people love to wring as much out of their risk reward ratio as possible by placing their stops quite close to the top of the candle that they are trading off. Sometimes this works, but in my experience not enough to make an otherwise profitable trade... profitable. You'll notice that my SL was placed above the last Swing High on the time-frame I am trading off. If you check out this chart - You'll see that turned out to be a good choice. Price ranged for another couple of days in the end, and having that "breathing room" allowed me to remain in the trade and eventually reach my profit target at 0.7550, the next significant Daily Support level. So that's it for multiple time-frame analysis! I included this form of analysis in EVERY trade decision. Sometimes it can turn you off a trade, sometimes it can confirm one and just sometimes - like here - it can give you opportunities where you thought there were none! I hope you enjoyed this. Please leave your thoughts and your own styles in the comments below so I too might learn from you! Regards, ForexVader **Fibonacci Levels - Much like trend lines and SR levels, there can be a fair amount of debate over how these are drawn. I tend to get the best results from using actual close/open prices and not the high/low candle prices. It boils down to preference and experience. But experience says a lot, I am only using mine. Weekly completed - Daily completed trade -
Short
by ForexVader
HOW TO BUILD YOUR CONFIDENCE AS A TRADER (WIN BIG & LOSE SMALL)** In the video I say EURO / Swiss Pound. I think I meant to say Swiss FRANC ** :) This video is meant to cover a really important topic that I think holds back most people from being successful in the markets. In this video I cover: 1) There's a difference between being a good analyst and being a good trader 2) How to empower yourself by learning to trust your analysis 3) 3 optimal trading environments and how top-down timeframe analysis lets us identify which environment we are in If you find this video helpful, please leave a like and a comment! Good luck out there and remember ALWAYS win BIG and lose SMALL :)
Education
by ImreSG
14