www.for-exe.com
  • Home
  • eWavesHarmonics
  • INDICATORS
    • MT4 Indicators
    • MT4 Free Indicators & Scripts
    • eWaves v1.0 Manual
    • MT5 Indicators
  • Trade Tools
    • Advanced Trade Manager
    • Advanced News Trader
    • Trade Copier
  • Trader Training
  • Harmonics
    • TheHarmonicIndi
    • TheHarmonicIndi Instructions
    • Harmonic Chart Pictures
    • Harmonic Patterns
  • Trading Blog
  • Contact Us
  • Who is Snorm
  • Q&A
  • Trading Services
  • Useful Links
  • MT4 TIPS and TRICKS
  • Newsletter
  • MetaTrader Wingdings
  • Fibonacci Numbers
  • Privacy Policy
  • Terms of Use and Disclaimer

Season's Greetings & Something for Free

20/12/2021

0 Comments

 
Picture
To all my many trading friends around the world, whatever you celebrate at this time of year, I wish you and yours a very merry festive season.

As it's that time of year, something for free: I've improved the Wave Labels indi with a semi-automated function, to make the labelling of waves quicker and easier.  There's a very short YouTube video here that shows it in action.  Free to download from the eWavesHarmonics page , so help yourself if you fancy it. 

You probably know that I don't offer specials or promotions, as everything on the website is already free or incredibly inexpensive, but since we've had such a terrific year's trading, and it is the time of year for giving, I'd like to offer an extra free year for licence extension/renewals on ATM and eWH, when purchased between now and the end of 2021: two years for the price of one, that will be added to whenever your licence is due to expire, providing your licence is still active. Get in touch if it has expired and we'll see what can be done, with the festive season in mind.

As always, thank you very much for your support, kind words and success stories, throughout the year.  I hope 2022 and eWavesHarmonics. continue to bring you ever more success in your trading,

0 Comments

Trading the One Minute Chart: DAX

14/12/2021

2 Comments

 
Picture
It's not often that I'll post examples of winning trades but it's not a rare thing to bank some big Rs on the one minute charts; there are plenty of opportunities for them on most days of the week.

Here's one example from yesterday morning, that was called in our Skype group before the London Open. It's my favourite kind of trade, not just because of the nice result but it was easy to manage and required just a one-bar stop loss. There were plenty more in the afternoon session as well - very liquid markets this past few weeks.

There is no special secret to these trades, nor do you need squiggly-line=based indicators, you just need to be aware of the following: -
1. (and always first) where might price be heading to? What are the strongest price magnets that will be pulling price?  Find as much confluence as you can before going to the next step.  If the magnets aren't obvious, then don't move on until you find them,  later in the session or the next session.
2. Where might price want to start that move? Look back to recent history where price previously found support or resistance; where the buyers or sellers previously found a reason to trade the big money.  Look for more confluence with fibs, session times, basic Elliott Wave theory, whatever else you like to use, etc.
3. Zoom in to find the best possible entry around your predetermined price levels and watch how the bars are formed: can you see in a one-minute bar whether the bears or bulls are dominant? If it's not clear during the bar formation, it should be when the bar is closed (after all, a price bar doesn't tell the full story until it is closed) but you'll often see clues in the ticks.
4. Get your stop loss and order ready and go.  I used a market order in the above and the ATM swing lines for my stop loss, then clicked the Buy MO button on the bar close.

It takes some practice, of course, but it really isn't complicated or particularly clever: just reading the price action and key levels, pure and simple.

If you want to learn more then all is explained in the Trader Training Course and discussed everyday in the Skype Group (restricted membership for those who have completed the Training Course)..  Keeping it stupidly simple.

2 Comments
    Subscribe to Newsletter

    Archives

    March 2023
    February 2023
    January 2023
    December 2022
    October 2022
    September 2022
    August 2022
    July 2022
    June 2022
    May 2022
    March 2022
    February 2022
    January 2022
    December 2021
    November 2021
    October 2021
    August 2021
    July 2021
    May 2021
    March 2021
    February 2021
    January 2021
    December 2020
    November 2020
    September 2020
    August 2020
    July 2020
    June 2020
    May 2020
    April 2020
    March 2020
    February 2020
    December 2019
    November 2019
    October 2019
    September 2019
    August 2019
    July 2019
    June 2019
    April 2019
    March 2019
    February 2019
    January 2019
    December 2018
    November 2018
    October 2018
    September 2018
    August 2018
    July 2018
    June 2018
    May 2018
    April 2018
    March 2018
    February 2018
    January 2018
    December 2017
    November 2017
    October 2017
    September 2017
    July 2017
    June 2017
    May 2017
    April 2017
    March 2017
    January 2017
    December 2016
    November 2016
    October 2016
    September 2016
    August 2016
    July 2016
    June 2016
    May 2016
    April 2016
    March 2016
    February 2016
    January 2016
    December 2015
    November 2015
    October 2015
    August 2015
    May 2015
    April 2015
    March 2015
    February 2015
    January 2015
    December 2014
    November 2014
    October 2014
    August 2014
    July 2014
    June 2014
    May 2014
    April 2014
    February 2014
    January 2014
    December 2013
    November 2013
    October 2013
    September 2013

    RSS Feed

Website design by Snorm
Subscribe to Newsletter
  • Home
  • eWavesHarmonics
  • INDICATORS
    • MT4 Indicators
    • MT4 Free Indicators & Scripts
    • eWaves v1.0 Manual
    • MT5 Indicators
  • Trade Tools
    • Advanced Trade Manager
    • Advanced News Trader
    • Trade Copier
  • Trader Training
  • Harmonics
    • TheHarmonicIndi
    • TheHarmonicIndi Instructions
    • Harmonic Chart Pictures
    • Harmonic Patterns
  • Trading Blog
  • Contact Us
  • Who is Snorm
  • Q&A
  • Trading Services
  • Useful Links
  • MT4 TIPS and TRICKS
  • Newsletter
  • MetaTrader Wingdings
  • Fibonacci Numbers
  • Privacy Policy
  • Terms of Use and Disclaimer