5 M Nasdaq

xard777 wrote: Wed Feb 12, 2025 12:32 am Using 4hr background candles is nice.
Xard777

xard777 you been an inspiration to my forex trading journey. Please attach the template and indicators used in the attachment above, its very neat and precise.
Thanks

I got something done today. I train every day.

Lenovo wrote: Wed Feb 12, 2025 6:58 am This morning's entry was on 1 minute, not 15, I just took a scalping that closed me later, I re-entered at 13:52 Europe on the second point I think I'll take it until tomorrow

Thank you for the response, I don't believe I'm ready for 1 minute yet, its too fast and lots of false signals...
For 15 minutes do you believe it's safe to enter with arrow up and MA cross or would you want for second dot confirmation?

marwanm wrote: Thu Feb 13, 2025 3:57 am Thank you for the response, I don't believe I'm ready for 1 minute yet, its too fast and lots of false signals...
For 15 minutes do you believe it's safe to enter with arrow up and MA cross or would you want for second dot confirmation?

when you start trading, you must always observe three fundamental points before starting, which concern the structure of the graph, Bias, dominance and liquidity, so when we know the Bias and who is dominating the market, we are not interested in what the retail traders do, we follow the sharks, not the little fish

Knowing who dominates the market, and observing the structure on the 4-hour chart, with your strategy you can also collect for the most daring of the trades against the trend, this is because who dominates (shark) the market and has started a trend, will not go only in that direction, so small zigzags will be created that we can exploit against the trend, without going beyond the area where the shark has started to move. To understand better the shark when it starts to place orders to the market creating panic, at that moment it is not earning anything even if the market goes in its direction, of 200 / 300 or 400 points, because there is not enough liquidity in the market, and it is as if it sold or bought in an almost empty book, so what do we do? we will exploit and wait with our strategy for some retracement points to be created so that we can follow the shark and enter a better position. What I mean by this is that when you see panic situations, do not be shocked or discouraged for not having participated, because the market goes back, not to reverse course but to collect the liquidity that it has not been able to take and continue in the direction it has decided to take, so gentlemen, with our strategy we will wait to enter those points. I hope the translation does its job.

this could be a strategy that I adopt, even against the trend, not in this case knowing that the BTC bias is buy, Asia went down tonight, alone, so in my reasoning I concentrate on thinking that the Europeans and London want to go and take the liquidity left above, so I concentrate my attention to go buy since I can apply a very small stop loss, obviously I am not inviting you to go buy, also because we are under open day, it is an explanation to better understand a strategy, but I repeat, if someone knows the basics of trading, he can create his own

Lenovo wrote: Thu Feb 13, 2025 9:41 pm this could be a strategy that I adopt, even against the trend, not in this case knowing that the BTC bias is buy, Asia went down tonight, alone, so in my reasoning I concentrate on thinking that the Europeans and London want to go and take the liquidity left above, so I concentrate my attention to go buy since I can apply a very small stop loss, obviously I am not inviting you to go buy, also because we are under open day, it is an explanation to better understand a strategy, but I repeat, if someone knows the basics of trading, he can create his own

Beautiful. I have the same feelings but won't trade before the PPI news, it's likely that USD will spike up again, and the rest down

Ciao!

I drew you a dominance change from sell to buy

Cagliostro wrote: Thu Feb 13, 2025 9:53 pm Beautiful. I have the same feelings but won't trade before the PPI news, it's likely that USD will spike up again, and the rest down

Ciao!

yes it is just an example of a strategy, not to be adopted by force, it is one of the many reasonings that I apply to the market