@specgoldbug My last post left me re-considering the HA chart so...

First 47 Last

Share
Profile

Follow
Trae

1,484 Posts.

65

10/05/17

20:53

Post #: 24609168
Share

Originally posted by Trae ↑

I reminded myself today the extent to which I'm a technical trader.
I've been trading a chart all week.
I realized today I didn't know what I've been trading. I knew it was FX but nothing beyond that - had to check

In case it's of benefit, after wasting possibly a decade on the wrong indicators one of the biggest breakthroughs for refining my trading toolbox was understanding lag:
1. understanding that lag exists in all indicators
2. how to quantify it's impact on any given indicator
3. Understanding that lag and time dependence is the undoing of ALL time based indicators that I have analysed (and most indicators are MAV based)
3. Realising that price targeting incorporates 2 levels of complexity (price & time) and that I shouldn't attempt to master time until I've mastered price action

A downside I found with heikin was the bars are not aligned to the regular candles that the masses use to define support & resistance.
Not having a go at heikin - it's just not an indicator that I've traded (I have analysed it and found it similar to running displaced ST MAVs).

What works for me is waiting for the perfect entry (when price has reached the long term sup/res), not being hasty to enter the trade & to wait for price to come to me (If it doesn't arrive - C'est La Vie, there's always going to be another trade).

If in doubt, zoom out

Expand

@specgoldbug

My last post left me re-considering the HA chart so I traded AUDCAD long using it tonight.

I will still use basic candles to draw sup/res however I could be a convert to using HA when monitoring an open trade for simplicity.

Price at posting: 1.3709 Sentiment: Sell Disclosure: Held
1 Upvote

0 Great analysis

Reply

Top Stories

Week 46 Wrap: Copper hits 2mth low as Trump threatens net zero pace; US rally fades; HotCopper’s picks

HotCopper Highlights: Your most watched stocks for Week 46, 2024

AN1

CuFe sells its Crossroads gold royalty to Northern Star for $4M cash; says better than waiting for mine launch

EDE

NT Gov't delivers environmental approval for Empire Energy's Beetaloo Carpentaria pilot gas play

ME1

Banshee's historic trenches prove rich in antimony and gold for GDM

BTH

Bigtincan's Board backs Investcorp offer: Why a NASDAQ listing could be game-changing

GRL

To make modern missiles, you need 3D Printing. And in that gold rush, Amaero is selling shovels

AUN

Cyclone signs MOU with Vale for development of Iron Bear play

LYN

InhaleRX gains approval for clinical trial to test non-opioid therapy for cancer pain

BNL

Blue Star Helium sees approval for five more wells at 'Galactica/Pegasus' project in Colorado

There are more pages in this discussion • 56 more messages in this thread...

First 47 Last

Add CAD (FOREX) to my watchlist

(20min delay)
Last 1.3595		Change 0.000(0.00%)		Mkt cap ! n/a

Open	High	Low	Value	Volume
1.3595	0.0000	0.0000	$0	0

CAD (FOREX) Chart

@specgoldbug My last post left me re-considering the HA chart so...

Top Stories

Week 46 Wrap: Copper hits 2mth low as Trump threatens net zero pace; US rally fades; HotCopper’s picks

HotCopper Highlights: Your most watched stocks for Week 46, 2024

CuFe sells its Crossroads gold royalty to Northern Star for $4M cash; says better than waiting for mine launch

NT Gov't delivers environmental approval for Empire Energy's Beetaloo Carpentaria pilot gas play

Banshee's historic trenches prove rich in antimony and gold for GDM

Bigtincan's Board backs Investcorp offer: Why a NASDAQ listing could be game-changing

To make modern missiles, you need 3D Printing. And in that gold rush, Amaero is selling shovels

Cyclone signs MOU with Vale for development of Iron Bear play

InhaleRX gains approval for clinical trial to test non-opioid therapy for cancer pain

Blue Star Helium sees approval for five more wells at 'Galactica/Pegasus' project in Colorado