SilentFathers Trading Ideas - MT4/MT5 Resources
This is my new idea.
Post 1 - https://www.forexfactory.com/thread/...6#post14127956
Post 2 - https://www.forexfactory.com/thread/...0#post14127980 (My favorite even though it doesn't draw signals like crazy... )
Hi everyone, I want to show you something I made a few years ago. It will also feel like my own diary because I tend to break my own rules. Of course this is bad. So, what will you find in this thread? // Please note that the post will be constantly updated as I can't remember everything I have to show you in 10 minutes. Keep this in mind and check back regularly, thank you ou.
\\ updated indicator (cTrader version.. my own old version, I will make a new version later, but not needed now) //
- You will understand why trading quotes is so much better than using any minute/hourly charts
- Different ways to place S/R lines and trend lines (currently only shown..)
- You'll learn how to create strong resistance or support using only two or three candles!
There's more to show you... I'm happy with everything because it's all great and no one uses it. Because no one sees it.. If you understand.. I'm going to show you this right now. I can't even show you everything, the possibilities are endless.
Let's look at simple resistance... 1 hour chart vs. 50 tick chart. Don't mind the blue indicators below and above the price. I'll explain this later. You'll be surprised what this thing can do.
I must apologize to everyone, please let me end this now as I have less computer issues and less time. I will continue to publish new posts. This is not a one-time thing, this takes time. You will understand.
In the chart below, check how to trade the left chart (50 pips) versus the right chart using only the 1H chart. You can't see the reversal, but on the left side, you can! Here are the key points you need to understand. The stronger the move, the less tick charts you need. In these cases, not even a minute is enough! To clarify this, to see a reversal in the NFP trend you would need a 5 or 10 tick chart. One minute is of no use here.
I know this has been boring so far, but I'm going to start from the beginning. So you will understand. I can't get to the core and you're lost. But I promise it's worth your time
Check the differences between the last two charts. Do you understand? I drew two arrows just to show you where you can sell. You can see that the price is too lazy to beat this level. Even the smallest hesitation about price is useful to us. I will prove it over time..
By the way, this is mostly price action. Well.. honestly, it's just price action. This blue indicator I will explain later. You'll most likely be shocked at what can be done with something this mediocre.
Useful posts :
https://www.forexfactory.com/showthr...0#post11456310
























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