To the RIGHT of  H1 bar, opened @08:00 (current time is 08:55):

1 M30 bar, closed @08:30, 1 M15 bar closed @08:15, 1 M15 bar closed @08:30, 6 M5 bars closed @08:30 (6 intervals of 5 minutes) (each in different color)

To the Right of the above bar:

1 M15 bar closed @08:45, 3 M5 bars closed @08:45 (3 intervals of 5 minutes)

To the Right of…[Read more]

GBP reached the 60% (+some…) of the NFP move.

Now waiting for another up move to retrace to the total 60% move.

G.

On the previous subject of bars  “direction change”:

Bars #1 & #2 Highs are higher than previous bars High in down trend/swing – early signal for direction change.

Bar #3 High is Not higher than previous highs (in down trend/swing) – direction will not change.

Bars #4, #5, #6, #7 Highs are higher than previous bars High in down trend/swing – ea…[Read more]

In MT4, the TIME scale at the chart bottom is the OPEN time of that bar/candle.

It stays and constantly draw/paint that bar movement until that TF time ends.

So, on H1 bar, you can draw within that same bar, the already closed M30 movement, M15, M5 & M1 – each with different background color, using stronger colors for shorter TF’s.

Using it…[Read more]

In MT4, the TIME scale at the bottom of the chart is the OPEN time of that bar/candle.

It stays and constantly draw/paint that bar movement until that TF time ends.

So, on H1 bar, you can draw within that same bar, the already closed M30 movement, M15, M5 & M1 – each with different background color, using stronger colors for shorter T…[Read more]

Maybe you don’t understand – but this shouldn’t repaint.

G.

If you do it on H1 chart (or any other higher than M1 – my prefered and used method):

You should extend the already closed lower TF bars/channels to the right of the H1 (as if “prediction” bars, but they are actually real ones).

For those extended bars the TIME is meaningless, and they should be scaled to the H1 scale. More complicated to…[Read more]

If you do it on H1 chart (or any other higher than M1 – my prefered and used method):

You should extend the already closed lower TF bars to the right of the H1 (as if “prediction” bars, but they are actually real ones).

For those extended bars the TIME is meaningless, and they should be scaled to the H1 scale. More complicated to program, but…[Read more]

If using M1 chart:

M1 channel – should be from bar 1 till end bar on the high/low of each one.

M5 channel – should be from bar 5 till end bar, stepping 5 bars on the high/low of each 5’th bar.

M15 channel – should be from bar 15 till end bar, stepping 15 bars on the high/low of each 15’th bar.

etc…

G.

It’s because of the NFP good news on the USD. It’s hard for the GBP to overcome that. but continue to watch…

G.

It’s because of the good news on the USD. It’s hard for the GBP to overcome that. but continue to watch…

G.

It’s because of the good news on the USD. It’s hard for the GBP to overcome this. but continue to watch…

G.

GBPJPY joined his GBPAUD & GBPNZD friends and also reached the 60% target (+some).

It also opened the week with ~14 pips gap, as predicted.

Now we wait for the GBPUSD…

G.

Most people understand the chart better if they see just one channel that engulf another channel, etc.

By using it as described you can see the bias and sentiment more clearly, in a total of 5 one directional channels.

4 of them are extending out of the H1 channel.

We don’t want any MA’s or any other approximation line that wasn’t there by…[Read more]

Most people understand the chart better if they see just one channel that engulf another channel, etc.

By using it as described you can see the bias and sentiment more clearly, in a total of 5 one directional channels.

4 of them are extending out of the H1 channel.

G.

Most people understand the chart better if they see just one channel that engulf another channel, etc.

G.

Ok, we went to the wilderness and watch a river flow. The National Park authorities put a sign stating that the river is 60 feet deep.

How do we figure out what’s the river-bed contour looks like? and what about some levels above the bottom, since it’s probably not just straight walls?

Ahhh, we have a Sonar. We built one in the previous few…[Read more]

Ok, we went to the wilderness and watch a river flow. The National Park authorities put a sign stating that the river is 60 feet deep.

How do we figure out what’s the river-bed contour looks like? and what about some levels above the bottom, since it’s probably not just straight walls?

Ahhh, we have a Sonar. We built one in the previous few…[Read more]

Ok, we went to the wilderness and watch a river flow. The National Park authorities put a sign stating that the river is 60 feet deep.

How do we figure out what’s the river-bed contour looks like? and what about some levels above the bottom, since it’s probably not just straight walls?

Ahhh, we have a Sonar. We built one in the previous few…[Read more]

Ok, we went to the wilderness and watch a river flow. The National Park authorities put a sign stating that the river is 60 feet deep.

How do we figure out what’s the river-bed contour looks like? and what about some levels above the bottom, since it’s probably not just straight walls?

Ahhh, we have a Sonar. We built one in the previous few…[Read more]