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Multitimeframe

D1 bias, H1 setup, short term executionI'll post my Ninjatrader charts for trade entries. This is the kind of setup I want to wait for vs fighting the grind on NQ today. I'm a momentum trader, and momentum comes from traps and/or tipping points. I don't want price to ever come back to my entry and I don't believe in wide stops. Before taking entries, ask yourself about the market state. Is it grinding? If so, you're going to get killed with constant retests of your entries, general noise etc. What's the point getting into a position you think is going to be retested (I'm speaking as a daytrader, not a swing trader...). If you're getting stuck overtrading, ask yourself this: Do I really expect this trade to move to my target? If there's a preceding trap AND contraction AND empty space ahead of you...that's where the money's made.
NYMEX:CL1!Education
by structuredtrader
USD/CAD ... Multi-Time Frame AnalysisOne of the most overlooked tools a trader can use is multi-time frames. 1 chart might be saying sell while the other is saying buy. It's your job as a trader to figure out what timeframe is displaying the most reliable forms of confirmation. From that point you can truly make an informed decision and stack the odds in your favour for profitable trading. Here we see UCAD on a 15M, 1H, 4H and Daily timeframe. The 15M is showing price just above the 21 Fib EMA. But the 8 and 13 have not crossed back to the upside of the 21 at this point. The 1H shows that buying pressure came back in not long ago off the 1.312 price level that previously displayed support multiple times. However, the 8 and 13 EMA have both crossed the 610 EMA and 21 is touching at the moment looking to cross. The 4H shows price struggling to pass the 233 Fib EMA which also displayed support in the past with strong rejections at that level. . Now, obviously there is more than I have written that can be seen from all this, but you can see how using multiple time frames you are able to get a WAY bigger picture of what price is actually doing compared to looking at one time frame. The Daily is showing price just above the 34 EMA which price has rejected off in the past. However, we see a very strong bearish engulfing candle that closed the week on Friday. Currently price has formed a doji with indecision on where to go from here. Hope this helps and hope you all can benefit from this simple trick that is highly underappreciated. Happy trading and hope you all have a wonderful week!
by TheCaffeinatedTrader
Dollar index trading updateI know not a lot of people normally analyse the dollar index, my broker does not support it but can still analyse this. MONTHLY CHART On the monthly chart biggest dollar weakness seems to be over. The facts: -Price dropped of like a year ago, broke lows, so created a downtrend. Price recently tried to break highs to go bullish again but looks like it failed. So now we aim back for the 92 area. -There are some channel and trendlines really important to the next price action: the trendline starting from 2011 made the 3rd touch in the beginning of this year (2018), which confirms this trendline. It's not the strongest trendline ever, but it's a thing you need to keep in mind. -The 92 level is very strong. 6 touches already which is quite a lot. Also, those trend/channel lines are close to that level. Predictiing what price will do if this drops of, price is likely to form up a inverse head and shoulder, which is also more evidence that price might go up. Conclusion : We are still in a bear market here, but we've got quite a lot of evidence that price is about to change direction to bullish in the near future. WEEKLY CHART Zoomed in, we see a clear rejection at the highs, actually indecision, but strongly rejecting the 'edge'. -Solid break above 95 means we see an uptrend starting. -For now, heading down towards 90 to test levels again for more support. Conclusion : Definitely bearish after the sell off around the 'edge' of the breakout level. DAILY CHART On the daily price already broke a wedge to the downside. -Price might struggle around the 92.5 area, but futher targets are down to 90. Clear wedge break. Conclusion : Same as on the weekly, bearish outlook. 4HOUR CHART Same view, little bit more data, still bearish.
TVC:DXY
by VanSteenMarketResearch
EUR/USD multi timeframe weekly outlookWEEKLY CHART Weekly close is a quite significant rejection with a little bit of indecision close to a psychological and technical level (1.15). Expectation for the next candle, so for next week, is a slightly more bullish week. Reason for this is because of the indecision that's still visible. Longer term outlook would be a stronger bullish move if we look at the moment. DAILY CHART On the daily chart the bearish structure is still there. Looking for price to create a bottom with significant rejection near the 1.15 level to go up again. Makes sense if you look at the weekly chart again, there was still some indecision, looking at the daily chart you can confirm that by price not made a bottom yet. 4H CHART On the 4H chart we clearly see price going down, showing a strong move up, one of the strongest in this downtrend, which may be an early sign of trend reversal. As long as we don't see a break up on the given level, we stay bearish. 1H CHART A lot of indecision on the 1H chart. Loads of rejections, but if you would put a gun on my head, I would say bearish, because the creation of the highs are not that strong anymore. ---- If you want me to do this more often, feel free to let me know and give some feedback! Always here for a trade talk.
by VanSteenMarketResearch
EURUSD: Trendline break? Finally a trend reversal? SHORTOn the weekly chart we can see the EURUSD is in a downtrend and price has been hovering around the trendline for weeks now. The uptrend on the Daily chart is supported by a trendline to the upside and this was tested last Friday! Let’s see how markets open on Monday. Will this break continue indicating a move to the downside/trend reversal? Also look at my DXY analysis which supports this scenario as well. Before getting in on this move I’d like to see: a) A break of the trendline b) A retest of the trendline c) 1.20600 is a major support that needs to be broken eventually for this move to continue.
Short
by krissur
CADCHF >> A counter trend short trade Good afternoon guys, I find this cross very interesting to make a counter trend trade, short, which is approved by the weekly chart. In fact, on this one I find an uptrend which follows perfectly the trendline , but now has a very big obstacle : the Weekly SSB. I draw it on this graph, and I do the same with the Weekly Tenkan Sen , which seems to be the opposite obstacle . On the Daily chart seems like it's happening an inversion , or maybe a deeper pullback . In both cases a pullback should be necessary , so a short movement . On the H4 chart the Weekly SSB is exactly where old tops are , so it means resistance . I'd like, once on that level, try to go short, up to the Weekly Tenkan Sen. This won't be a problem for the actual trend on the weekly chart, because it would be a pullback. What do you guys think about it? >> Leave a like if you agree >> Write in the comments below what your idea is :-)
Short
by MartinaAndreaProvenzano
MTF Renko Multi Time Frame Renko charts cross over of the lower time frame (box size) is the signal for buy/sell. Selection between the ATR and traditional box size is done by user. If you go by the traditional box size you have to select the box size manually. So change some based on the price of the Currency (you can begin by 1/10 of the currency price). Tips: It can be used for scalping or a confirmation along with your setup. in case of selection of the traditional box size, set the chart's time frame less than 1D.
by glemarc