XXXX wrote: Mon Sep 02, 2024 7:00 pm This will save you hours of trawling through the thread.

To align it to the new system the settings are

p1 45
p3 135

Maybe useful.

Samoth wrote: Mon Sep 02, 2024 6:47 pm
I usually ignore the daily open because on the higher time frame for example, even in a strong bullish trend, the candles wick to the downside before the big moves continue to the upside. The wick is very often below the daily open.

For me, a good solution is a daily candle in front of the chart.

Greg wrote: Mon Sep 02, 2024 8:01 pm For me, a good solution is a daily candle in front of the chart.

P.png

It helps visually, but the ADR function is exactly the same

Cagliostro wrote: Mon Sep 02, 2024 8:10 pm It helps visually, but the ADR function is exactly the same

Yes, but I meant that you can see without zooming out on the chart what kind of movement the price made during the day

Greg wrote: Mon Sep 02, 2024 8:20 pm Yes, but I meant that you can see without zooming out on the chart what kind of movement the price made during the day

That's right, laziness is the first rule of a good trader

PS: your template has very relaxing and pleasant colors, you'd think to make it available.

Greg wrote: Mon Sep 02, 2024 8:01 pm For me, a good solution is a daily candle in front of the chart.

One of the best looking charts and colors..... wow

A little motivation for everyone to believe that it is possible...
Today's achievement

Here an example entire day, nothing happen.

But if we see in the past, yes very easy, but in that moment is not true.

Curioso wrote: Tue Sep 03, 2024 5:42 am Here an example entire day, nothing happen.

But if we see in the past, yes very easy, but in that moment is not true.

Mine same but I do see entry here, which hit my SL. I am learning so please be nice.

What could I have done difference, I see Xard price on your chart say's under Daily open and mine as well, but When I looked on daily candle price was UP of daily open.

rogeryrogery wrote: Tue Sep 03, 2024 6:27 am Mine same but I do see entry here, which hit my SL. I am learning so please be nice.

What could I have done difference, I see Xard price on your chart say's under Daily open and mine as well, but When I looked on daily candle price was UP of daily open.

If you are learning, my humble advice is to avoid 1M, it is the most challenging timeframe, even for experienced traders.

If you look at the 5M chart, when you shorted, the price was above the 200 EMA and above the VWAP, the big sema was pointing up, the ADR was 15% positive, so there was no setup at all, it was a long instead. Look at higher TF for confluences.