xard777 wrote: Wed Mar 22, 2023 1:02 am
15min Trading US2000 & GOLD was a no brainer today.
Gold gave it away with the down move and US2000 did not break the T1MA line (i.e. No Pink Candles). Also, Golden Nugget move off US2000... Who knew.
Instead, we saw a breakout UP off the Asian session along with the gold moving down.
Easy pickings on the 15min with no repaint off the 15min T1MA on both Gold and US2000.
Take the meat off the bone and book those Pip$.
Xard777
Keep your 15min Analysis Simple - ask yourself each day the following...
Is Price Trading Above or Below the Daily Open line?
Is Price Above or Below the T1MA line?
Is Price moving AWAY from the Green ZigZag line?
Ideally you want the above answers to be in sync before entering your trade.
However, at times you might get in on your trade as price crosses the T1MA line with an additional trade as Price breaks the Asian session.
Another thing to keep in mind.
If you look at the Trend coming off the Arrow Dots you will see as Price moves away from the Arrow Dot and crosses the T1MA line it will continue all the way to the channel line. Note, Price reversing back towards the Arrow Dot tends NOT to hit the channel line.
Xard ,dropped everything I studied during these years, and decided to dedicate myself exactly to your system, I am following your indications and operating only 1 pair us30, I also increased the time chart to 15 minutes,
that is, all your recommendations I'm following to the letter
now tell me something, is it necessary to follow the white line? look at other graphic times?
or just follow the green zig zag when the candle changes color and closes now can i enter?
how to exit an operation?
thanks
XARD: That's a good question, the thing is we are trading intra-day so a 30yr or 90yr time cycle is going to be of no use on an intra-day trade lasting 1 to 3 hrs and whose cycle changes every 1 to 3 days. The 15min TF is used to reduce repainting in the market. The White Zigzag can put a spanner in the works as it can last several months and the Range moves can be enormous (great from an investor's point of view, but we are intra-day traders, not investors), so that leaves us with the Green Zigzag to use as our Intra-day BIAS. Some point on our roadmap that we can use as a tether to hold our view of the market and use as a fixed point for each new intra-day trading scenario. The Green Zigzag changes every 1 to 3 days and so will our view on our intra-day analysis with it. So to summarize: Trade off the Green Zigzag and wait for the cross of the T1MA line and make sure we are in sync with the daily open line. If we are trading away from the Green Zigzag line and after the cross of the T1MA line then we should be able to hold our trade until Price hits the Channel line. Close, rinse, and repeat.