SEE THE IMAGE , that shows how market works, all happens in multiple timeframes,Krelian99 wrote: Sun Aug 19, 2018 4:40 pm Ah, he also uses H4 from time to time. That makes sense.
Rijay, you think it's lazy to use a naked chart? I never said indicators are bad. The approach of beginners to apply random indis is bad, not the indi itself. Some indis like MAs lag (period > 1) and EMA, SMA or LWMA lag on purpose to use them as dynamic S/R. Other nrp indis don't lag like RSI or a fast MACD, SMI or whatever, but it's equal that the indi may lag, you want to see certain patterns and those don't lag. You see? Having a plan and enough experience, the disadvantage isn't a disadvantage but an advantage.
Strange, the most successful professional traders I know or followed on Zulu long time ago (2 guys, and they did it really really good) scalped. Oli (trades for 36 years now), one pro uses a set-and-forget setup with MP (VA-breakout in trend direction mostly with fix TP) and the other three trade anti-cyclically with an astounding precision. Oh, I also remind some other guys also trading retracements via Elliot Waves taking the structure into account so it's equal whether it is a trend wave or a trend wave. And of course AussieBeau, how could I forget him.
God doesn't need to save me in turbulence. I prefer what you call turbulence. The market doesn't move accidentally as it does, all moves are on purpose. When you have understood that you begin to read and know why there is a turbulence and can draw the right conclusions.
"Not all sr are valid. Only those sr are real that reflects the levels where margin calls are going to get triggered." ??? What?
if you analyse in multiple time frames no indicator is lagging, not even moving averages, it is that for particular timeframe you are seeing , changes starts on lower timeframes first, all indicators and moving averages for that matters starts turning on lower timeframes and will show leading signals,
it is when a tipping point is reached on this lower timeframes that is when big price action bar forms to turn ATR ranges upside down( that will also throw traders also upside down who are caught on wrong side !) and everything reverses.
so where is your question of lagging ? it is that you are not seeing changes happening on immediate lower time frames .
for example, if you are looking at hourly chart, then leading changes start appearing on 59 minutes,58 minutes, 57 minutes, 56 minutes, 55 minutes, 54 minutes, 53 minutes.....so on charts, everything starts leading from that LOWER time frame charts isn't it?
you do not see it like that so you have a feeling that everything is lagging , but that is not the case, only perception of individual lags actually and not MR. MARKET.
any way , if you can understand what i say then it is good
or else your trading style will take care of you and market turbulence.
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