Forum: Trading Journals
October 13th, 2013, 03:00 PM
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Replies: 8
Views: 4,717
Using the HTF levels as sentiment tells.
Hi ratfink,
I definitely agree about the Close being important as a tell. It was the collective thinking of the trading crowd that this level was where they found value at the end of the day's...
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Forum: Trading Journals
October 11th, 2013, 02:49 PM
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Replies: 8
Views: 4,717
Daily GU chart with HTF levels
Hi ratfink,
Yes, it is important to know that sometimes the close is close enough. I'm going to be showing FxPro Metatrader4 FOREX charts. FxPro has it's 'Close' of the day at 5:00 PM EST
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Forum: Trading Journals
October 11th, 2013, 03:17 AM
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Replies: 8
Views: 4,717
Using the BRN's...
The one addition to Ellen's method that I find significant is using the BRN's (the 100 tick and 50 tick) increments. Price doesn't always retrace back back to a HTF level after a 4hr bar closes...
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Forum: Trading Journals
October 11th, 2013, 02:48 AM
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Replies: 8
Views: 4,717
The Basics of the method...
The basics of this method don't need any indicators on chart other than the HTF levels (Monthly, Weekly, Daily closes). But, other confluences (like moving averages) can also be on there. I normally...
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Forum: Trading Journals
October 11th, 2013, 01:53 AM
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Replies: 8
Views: 4,717
Day Trading FX Futures with HTF HCR/LCS
Day Trading FX Futures (6E and 6B futures) using HTF (High Time Frame) HCR/LCS (High Close of Resistance/Low Close of Support).
I have an advanced trader friend (Ellen) that trades cash FX with...
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