Quarters Theory should be done on all trading charts and related to all types of Forex trading... 1000 PIP Range between the Major Whole Numbers 1.7000 and 1.6000 Divided into Four Equal Parts or Four Large Quarters of 250 Pips. Yes, this is for trading on daily charts or swing positions related using either daily or higher time frames but............just...
If you use the 15 minute time frame for entries, exits, stop losses and targets, I would strongly suggest you use the quarters theory- BUT- it is actually the eighth theory (place these lines every 12.5 pips away from each other). Example 15 minute chart of GbpJpy pair today: (Place lines every 12.5 pips away from each other)- if you are scalping and or day...
The quarters theory on one hour time frame is great for both day trading and/or scalping. Make sure you put the quarter lines every 25 pips away from each other, just find the closes whole round number and start there with adding lines on charts. On noted GbpJpy chart the quarter lines are as follows: 150.750- yellow line 150.500- red line 150.250- yellow...
Quarters Theory example on a 4 hour chart of AudJpy: What does chart show you? 1) Whole round numbers (black lines)- 100 pips away from next round whole number 2) Quarter numbers (yellow and red)- 25 pips away from next quarter number These lines make it a lot easier to trade any time frame, why? 1) You can set you enter and exits at these lines on charts 2)...
On example daily chart of EurAud (on this article)- what do you see related to the quarters theory? support and resistance? trading edge? I see 100 pip round whole numbers (black lines) divided into four equal parts of 25 pips apiece (red and yellow lines)- If you did trade with 100 pip stop losses- this would be a great way to trade either position, swing or...
AudJpy One Hour Sell Trade On Friday: 1) Wait for Green Line to Crossover Red Line downward 2) Enter At Start of Hourly Example Candlestick 3) Put Stop Loss above swing point on chart or 83.400 or 20 pips from entry sell price. 4) Sell Here level at 83.200 or noted beginning of 1:00 A.M. candlestick 5) Take profit at target zone of 82.200-82.400 or 80...
How To Use TDI indicator (Sell Trade and Buy Trade): One hour chart example ( one hour to four hour trades - be patient) Sell Trade: #1 example on chart. 4 hour trade for 100 pips. 1) Wait for RSI indicator line (GREEN) line to get close to or go above upper volatility (BLUE) line . The green line is similar to the RSI indicator and represents the market...
Traders Dynamic Index A hybrid indicator developed to indicate market conditions related to trend direction , momentum , and market volatility. An “all-in-one” indicator! Parts Of The TDI indicator are: 1) Volatility Bands (Blue)-Last but not least, we have two blue lines, one above and one below. Those blue lines represent the volatility in the market,...
EURAUD- looks great for bullish price action for rest of October, per my opinion and evaluation. (See Chart)
I see price action for USDCAD for rest of October in a price action range of 1.23500 to 1.25000. Which means price action of now will move up 150 pips, per my opinion. Yes, we all know that oil price has a lot to do with this Forex pair of UsdCad.
Top 3 Reasons To Use Value Area Trading (on Volume Profile) 1) Plots on a vertical scale and gives you a specific price level where the most volume has occurred. 2) You gain far more information about price levels and volume. 3) Most importantly: Makes it easier to sport institutional support and resistance levels. Why is it important to know where 70% of...
Thin Profile (See Chart)- Indicates a trend One side of the market is very aggressive No time to accumulate volumes Volume clusters within the thin volume profile In Forex- most of the time with major pairs- means imbalance which is a great trade to do apposite of that move, in minor Forex pairs means very little liquidity and volume and means harder to...
B- Shaped Profile (See Chart) Looks like a letter "B" Sign of strong sellers Sellers pushing price downwards and creating new price balance on lower prices. B- profiles usually within downtrend B- profile after an uptrend= end of the trend (or a temporary end)
P- Shaped Profile (See Chart) Looks like a letter "P" Sign of strong buyers Buyers pushing price upwards and creating new price balance of higher prices. P- profiles usually within uptrend P- profile after a downtrend= end of the trend (or a temporary end)
D- Shaped Profile (see chart) Looks Like A letter "D" Temporary balance between buyers and sellers Usually heavy volumes get accumulated there Institutions are entering their positions and they are getting read for a big move
POC (Point Of Control) line POC= Point Of Control (place where most volumes got traded) POC= Place where institutions were accumulating their positions the most. Significant reference point for market participants Most important place in any Volume Profile (no matter the time frame and shape) Volume Profile is thickest there Big Banks and Hedges can not...
Keep Trading Simple!!! Volume is the heart of trading Forex. This tells us how much interest is in a candle or at a price level zone- where big money and hedge firms are trading. On chart example: London and NY session overlap is a very high liquidity and volume time every day to trade. Only 4 hour period. Use only: 1) Simple Volume indicator 2) Session...
Trend lines- need at least two points touching the line for a possible trend in making, but three points touching for confirmed trend line. The most general way of describing the behavior of price over time is the “trend.” A trend is simply the primary direction of price movement in the pertinent window of time. However, this general uptrend contains a number of...