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- StudentofSoc replied Jan 17, 2020
Thanks, Market is fractal, so any time frame. Use golden rule of 3 time reactions, and try to learn cycles etc. url is a great source.
Student of Socrates (SoS)
- StudentofSoc replied Jan 17, 2020
Answer to both Q´s, To what you point to as previous high is not a high, its a reaction off a high. To what you point as previous low is not a low, its also a reaction off a low. This is why the computer does the analysis, so that OPINION dont get ...
Student of Socrates (SoS)
- StudentofSoc replied Jan 16, 2020
USD/CHF - Removed from Watchlist We did not get a pullback to the level we hoped for a short entry on USD/CHF. Instead as the capital flow indicator signaled, a strong bearish trend, price continued moving lower and have reached the projected ...
Student of Socrates (SoS)
- StudentofSoc replied Jan 16, 2020
Thank you, yes EG runnig good as well, +50 pips floating so far. Will update later as it is a weekly trade
Student of Socrates (SoS)
- StudentofSoc replied Jan 16, 2020
Quick follow up on the CLOSED AUD/JPY trade. As expected price rallied up to test resistance. Risk management was spot on thanks to the golden rule of 3!
Student of Socrates (SoS)
- StudentofSoc replied Jan 16, 2020
AUD/USD - Update! Still looking to hold the short positons going into ECM. Moving Risk to 0%. As of now we are running +40 pips in floating netprofit - with no risk. Lets see what happens on ECM, very exciting!
Student of Socrates (SoS)
- StudentofSoc replied Jan 16, 2020
AUD/USD - Update! About to test resistance...(going short, SL above breakline on a closing basis)
Student of Socrates (SoS)
- StudentofSoc replied Jan 15, 2020
the low is the middle point. connecting the previous-low from the LOW (Middle point) to the subsequent high FROM THE LOW (middle point).
Student of Socrates (SoS)
- StudentofSoc replied Jan 15, 2020
Well yes, but what u marked as "high" is not a high. Why did you mark it? Trying to understand what u actually mean ... Ahh...ok you are confused now. It's just previous low to subsequent high..from the actual low....I am not at computer now so ...
Student of Socrates (SoS)
- StudentofSoc replied Jan 15, 2020
The previous low to subsequent high
Student of Socrates (SoS)You can double click on the line too, it will show where it's connected with small dots.
- StudentofSoc replied Jan 15, 2020
The break line creates the channel, hold the mouse over the lines...you will see a comment appear, main line = break line. Shadow= parallel.
Student of Socrates (SoS)
- StudentofSoc replied Jan 15, 2020
Yes, well. Always start on the monthly time frame so you know where you are in price... and work your way down. You don't want to be buying in to monthly resistance etc..that's a quick way to go to 0 haha
Student of Socrates (SoS)
- StudentofSoc replied Jan 15, 2020
If you have a 9 on the 1hr chart, and a 9 on the 4hr chart that line up on the same interval then you obviously use the higher time frame risk. Higher time frame always rules.
Student of Socrates (SoS)
- StudentofSoc replied Jan 15, 2020
The rules are taken straight from the book, from the TD Risk Management chapter. It's always the range of the bar x2.
Student of Socrates (SoS)
- StudentofSoc replied Jan 15, 2020
There is often momentum left after a 9/13, this gives room for that momentum to play out.
Student of Socrates (SoS)
- StudentofSoc replied Jan 15, 2020
The risk level is the same size of the 9 (or 13) bar, duplicated from (in this case) the low. In other words if the bar that made the 9 is 10 pips then the risk level will be 10pips from the low of the bar. TD RISK LEVEL.
Student of Socrates (SoS)
- StudentofSoc replied Jan 15, 2020
I am working on a big update that will make it so much easier to trade...will be released in the coming weeks. Pro version
Student of Socrates (SoS)
- StudentofSoc replied Jan 15, 2020
Hi baxter01, It depends what time frame I can easily identify the market, angles etc. There are no rules. It's dynamic. However you should not go any lower than two time frames, from the time frame you are trading. example: EUR/GBP monthly bearish ...
Student of Socrates (SoS)