Tips of the day, How to identify trend in multi time frame?????

higher time frame have more weight over lower time frame.

If U see 1hr trend up, 15 min down, So the trend will be up, 15 min chart trend is retracement

Similarly

4 hrs trend up
1hrs trend up
15 min trend down

So total trend will up


Similarly

1 days trend down
4 hrs trend down

1 hrs up
15 min up

So total trend is down, up trend will retrace up to 38%,50%,61.8%

How will you put entry in trading
If uptrend wait till end of down trend and put buy entry
vice versa in downtrend



with thanks

How did I traded today

First of all.

I gone for 1 hr chart , drawn trend line and trend channel.

Then I just gone 15 min chart and done same

I then ploted 100, 200 EMA

I then determined trend in 1 hr and 15 min by using 1hr, 15 min chart

finally i gone for 5 min chart for fine tunning

Today I used pp as strong support and resistance 

Today I have used BB and stochastic for overbought and oversold position

I have used fibbonacci to see the upcomming reverse and trend strength.

Todays active wave

How to identify todays active wave:

see todays highs and lows
See the difference, If >40 pips it is the active wave.

Float 100,200 EMA, if price is above in 15 min chart the trend is up and vice versa.

Fault done by today

The following fault done by me today.

AS A day trader ,

I did not follow 15 min chart  trend line break out,

Did not waited for confirmentory candle for putting entry.

Did not follow 5 min chart 100, 200 MA in relation with price

I did not follow the pivot point and candle support resistance for buy

I did not follow 1hrs, 4 hrs MACD cross over

I did not follow when price crossed 61.8% fibbos in 5 min chart

I was position trader attitude.

I did not follow break out strategy at 4-6 pm BDT

I did not follow BB in 15 min chart though it did not crossed middle band and up trend

I have entered yet there is bullish engulfing.  i thought as down trend it will retrace 38% in 15 min chart.

yet i made small profit

FAQ and answer

Today I have seen.. trend is going down. I have missed it. on 15 min chart what will I do???

Never worry, and put entry at the end of trend,determine trend in 1 hr chart.
 Mind it trend will retrace, up to 38.2, 50, 61.8%, Enter trade at the end, after confirmation.


it is low risk, high rewarding entry way.

wrong entry order cost a lot

today i have determind trend is down, I have put order at the end of down trend when correction started to begein, I have waited till success for wrong entry point. finally succeed



Dr nizam

Fibbonacci retracement in shorter time frame

Hi, All

• Usually fibbonacci retracement occurs at 61.8%,  it occurs in 1h chart and more ......
• 
  
• When U will go for trade in 15 min chart, it will retrace in 38.2%.
• Which occurs in breakout session, specially in BDT 6.00 to 8.00 pm
• 
  
• trend line is effective in 15 min chart and 30 min, 1h, 4hs 1d, 1wk chart.
• 
  
• Supply and demand theory is effective in any time frame. that is why break out and pull back/ retracement occurs.
• pivot point acts as important support and resistance level
• macd ,rsi, stochastic divergence has great effect on 
• main pattern of reverse head and shoulder, double tops, Double bottoms, morning star,evening
• star, Hammer, Hanging man, Bullish bearish engulfing.
• Long lower and upper shadow shows market will reverse 
• To identify break out use bollinger band, candle, support, resistance see strength of wave
• Draw trend line 1 hr if you trade with ABCD pattern in 15 min, all pattern will be 15 min chart.

Hi, all

Supply and demand is the main theme of market movement

This is why:

1. break out er por retest hoi
2. candle pattern 2-5 ta candle porjanta extension hoi.
3. 
   
4. wave down hole retrace hobe
5. Higher time frame have much probaility over lower time frame

Day trading with MACD and SMA34

Time frame 1 hr
currency any

step1 , Draw trend line
step2, use 200 ,100, 34 SMA
Step3, Use MACD

See divergence.

trade accordingly

Trading shorter time frame 15 min

How to trade shorter time frame15 min/5 min

Indicators:

1.Trend line
2.MA200 (confirm trend)
3.MA100(non trending)

Most powerful idicator for shorter time frame

Most powerfull indicator for 15 min chart

1. Trendline
2.MA200( best)
3.MA100, 50 chole

Price action is less important in smaller time frame, it is good 30 min , 1h and above.
As in higher time frame price movement is much.

non trending
: when 20, 50,100, 200 MA goes sideway.

Most powerful for side way market. 100 MA

How to identify active wave

How to identify active wave:

For intra day trading go 5 min chart. See high and low, This is the active wave which is >40 pips.

For day trade go 15 min chart , see high and low , This is the active wave which is >100 pips

For long term trader, use 4/1 hr chart >150 pips

Simple most powerful day trading strategy

Here is simple most powerful strategy.

step 1. Draw trendline 1 hr is the main trend, draw trend line 15 min , it is the minor trend.
Step 2, See trend line break, put entry when cnadle close abbove or below trend line.
Step 3, Use 200 EMA as filter, USe MACD as filter.

Step 4, use step loss( I use 10 pips above or below PSAR)

Trend up, Candle close above 200 SMA, MACD above >0,
Trend down, Vicce versa.


Use 2% of total capital, U will get success.

with thanks.