This subreddit is an attempt to gather the WL3 community at one place, where everyone can talk, show their runs, and arrange races. Also is it a great place for new runners to ask questions and get answers.
I just finished a forex course. The guy is using different strategies: 1. 0.60 level Fibonacci 1h time frame. 2.8ema retesting and entry on 1 h level 0.60 Fibonacci with 8 EMA retest as confirmation. 3. Weekly Time frame with level 60 Fibonacci and 1 h entry 4 . Against the trend until 0.60 Fibo
Is the 1-minute time frame too low for spotting RSI divergences?
Hey, fellow traders! Beginner here. Yesterday I finally learned about my first technical analysis indicator - RSI. I learned about spotting RSI divergences, and also placing a trend line to insure that the price trend really is changing. That might be a horrible explanation, so here's a link to the YouTube video I got it from. Today I decided to put what I had learned into practice: I logged into my paper account and started observing NASDAQ through a 1-minute time frame. After maybe 15-20 minutes I spotted an obvious RSI divergence, so I placed a trend line. Quite soon, the price moved into the trend line, and I decided to buy. However, the price then started going down again, and I lost money. I decided to not do any more trades, but keep looking at the chart and pretending like I was trading. For about an hour, I spotted maybe 7 more RSI divergences, but they all were fakeouts. This is when I got confused. I read somewhere that the success rate for RSI divergences is 57.6%, but in my experiment it was 0% (although there was a succesful RSI divergence before I got in, so if you count that the success rate was 12.5%). That's when I started questioning if the 1-minute time frame maybe just is too low, at least for spotting accurate RSI divergences? I looked up some live RSI divergence tradings on YouTube, and they all used either 1-day, 4-hour, 1-hour or 15-minute time frames. I don't understand though how you can make fast trades within minutes when looking through a 4-hour chart, to me that sounds like trying to read the bible from a 4-hour distance away from the book. So, what do you think? Is the 1-minute time frame too low for spotting RSI divergences? If so, what should I use instead? Edit: thanks so much for letting me know I shouldn't trade solely based on RSI, and also for providing me with resources to learn! What a great community!
A RARE BULLISH TREND INDICATOR SHOWS UP AT 4 hour time frame. This is rare because it doesn’t show up even the chart is bullish as you can se to the previous price movement $GME, i got this technique from a forex trader. Let see if SHF can suppress it down. Must be fun week coming in hot.😎
How to spend very little time staring at 1-minute charts Theory: Behind the Scenes
This is a simple way how to spend very little time staring at the 1-minute charts. Don't waste your time sitting at the screen all day waiting for some magic to happen with the currency pairs you are watching. Behind the Scenes: Using alerts on Tradingview will allow you to step away and only watch the market when it has told you the price has decided to come into the area of interest. When you spend less time staring at the charts it will allow you to focus on other things that are important to you. Don't be a screen zombie. This will also allow you to watch more charts and will ultimately give you more trading opportunities on the 1-minute charts. https://youtu.be/LIirZ69B8c0 https://youtu.be/LIirZ69B8c0
What chart time frames do you trade daytrade/scalp crypto *BEST* on? 1 Minute, 1 Hour, 4 Hour, 1 Day?
Hello everyone. If you are a trader, I wonder what time frames work best for you? I'm fairly new, and have seen different traders using different time frames. But I imagine there are some that you find the best for success for your own trading purposes? If you wouldn't mind, could you please share let what time frames work best for you (and if you have a moment why those time frames are best in your opinion?). I would really appreciate your insights, as I have very little understanding of why some time frames would be better than others when it comes to trading crypto! Thank You
However, 90% of the time I use the 1-hour and 4-hour charts to confirm the higher time frame signal, mainly the daily chart time frame. In this way, the intraday charts work as an extra point of confluence to give weight to a trade and further confirm whether or not I want to enter it. The other big advantage of the intraday charts is that they ... Time frame opções binárias. Objavljeno 11/09/2020 / Kategorija Contas fake opções binárias bermam Time Frame Opções Binárias what you are showing here is approx 15 mins worth of 10 seconds bars. in figure 1, you see a small 15 minute range while in 2, you see a bigger range and close to bottom so you can say trend is down. This i suspect will show as small indecisive 15 mins bar (fig1) and large red 15 min bar with large body (fig2). so far so good. lets discuss more Think : Trade : Live Life. Post # 6; Quote; Oct ... The chart on the platform comes in several time frames, 5s, 15s, 30s, 1 minute, and 5-minute candlesticks and you can zoom in and out using the middle mouse button. As mentioned earlier, you have a vast selection of technical tools and the most popular indicators to apply to your chart. Regarding option types, you can only trade turbo and high and low options. To open a live account, you only ... A closer look at scalping in FX The purpose of this article is to provide you with a detailed explanation of what the FX 1-minute scalping strategy is and exactly how to use it. By Forex Live Technician – You’ll get real-time day charts for all US equity markets and forex. In addition, you’ll get delayed data from global stock exchanges and futures markets. TradingView – You’ll get real-time stock charts on 1, 3, 5, and 15-minute time frames. You can also get forex and bitcoin charts, whilst futures data is delayed. You ... Your only remaining job is to predict whether the price will increase or decrease within this fixed time frame. This is the trading strategy using candlestick colors which is a favored strategy by many professional traders in Binomo. Register a Binomo account NowGet $1,000 Free for beginners. Contents hide. 1 Video on how to trade using 1-minute candlestick colors in Binomo. 2 How to trade ... The 1 Minute Daily Forex Trading Strategy is a scaling system used to trade the major currency pairs. One of the major advantages of this trading strategy would be that it uses two momentum indicators to determine the general direction for the day and the strength of the trend. Trading the 1-minute time frame is not suitable for everyone unless you’re a very short-term trader that can ... The strategy is universal; however, the best asset for second charts is the Binomo cryptocurrency index – CRYPTO IDX. It was specially designed for trading on small chart intervals. OPEN FREE BINOMO ACCOUNT. High Capital Risk Is Involved In Financial Trading. Overview of the indicators. Moving Averages are the most popular indicators among traders. However, there is another popular indicator ... Binomo Expiry Time – The disadvantage of 1 Minute Trades There are many financial instruments available for trading nowadays. Yet, many traders still chose derivatives due to their relative simplicity, as various complicated calculations take place when trading in most financial markets.
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