3. Customizing Our Charts - forex Trading - video Dailymotion

DONGIX HOBBIES

Customizing Our Charts #trading #forex #video #watch #foryou

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00:00hello nice to have you back so next i'm going to customize these trading charts so that it best

00:07fits our trading style so i'm going to left click and then come to properties and then hover over

00:14to colors so i'm going to keep mine um as it's not important but the background i'm going to keep it

00:21black i'm going to keep it white you can keep it any color you want but i'll show you the most

00:26important part that it's important to have in this customization so i'm going to left right click

00:37and then choose black on white so i'm also going to get rid of my grid so i'm going to say none

00:45and then i'm going to hover over to show so i'm going to unclick on short tick volumes we don't

00:53need that it's not important for our strategy and then i'm going to click on show period separators

01:00this is important because this is a daily strategy so we need to understand that there's daily movement

01:07in the forex market so we don't want to have a plain chart and end up confusing we need to know

01:12what happened in the previous day what happened the day before that what happened week before that what

01:18happened month before that so we're going to click on show period separators so after clicking that you

01:26can just click ok and then now i have a chart which is very clear black and white so we can keep yours

01:35any other color that you want so after saving this chart i don't want to go over customizing to

01:41properties every chart so i'm going to save this template so i'm going to left click come to templates

01:48save templates so we're going to call it day catch okay so i'm going to save it and then i'm going to

01:57come to euro usd and i'm going to use the same template that i've customized so this is the day catch

02:04strategy so i'm going to also put my template on euro usd and i can put them on all of them on all of them

02:16so i'm just going to keep it like that so this is how you do it so after you have that the reason

02:24why i've chosen to put uh period separators is because if i uncheck the period separators by

02:33pressing the control and the y key i'm going to have these plain charts and then it's really hard to

02:40keep track of dates down there at the bottom so this is why i've put together this customization

02:51this one so that we can have different days we can see what happened on monday we can see what happened

02:58on the seventh like here we can see on the seventh this is the movement we had and then yes you can see

03:06we had a consolidation movement so there's no money there but i'll show you how we're going to trade

03:13this in the lower time frame because this is money this is a daily strategy that we're going to use so

03:19this is how you customize your chart and then make sure that the period separator mark is checked

03:24because we want to keep track of dates we want to keep track of our journal we don't want to be trading

03:30a plain charts and not knowing what we did on the fifth so we need to uh have this in place so that

03:38when we back test we can refer back to this okay so it's important if i want to analyze from the 22nd of

03:46fab i'm going to put this line over there so that vertical line is to indicate that i'm going to analyze

03:53from this point going towards that direction so it's very important to keep the period separators

04:00on please please please don't uncheck the mark so as soon as you keep it on i'm going to explain

04:08the strategy in the next chapter but just make sure that you have all this in place and then later on

04:14we're going to come and uh insert a tool that will help us to determine the trend a tool that i call a

04:24zigzag so you come over to insert indicators and then you come to custom and then you scroll down

04:33all the way down all the way down and then you're going to come across zigzag color so you're going

04:39to right click on the zigzag and then you say allow modification of signal settings and you click on

04:46okay got that okay after clicking on that we need to go and determine our trend so we don't want to

04:55be using what happened on on the 24th and then expect the same to happen on the 10th of april now

05:03it doesn't work that way we look at a closer range we don't look at far range because imagine if we looked

05:10at a far range and then we and then we had that mentality of the market uh had a resistance there

05:19so now what you're going to you wait for the market to retrace back to that resistant level

05:25and then what happens now it breaks through so imagine having to wait on the 3rd of april for the market

05:32to come and bounce down but instead it goes up you expect the market to come down but it goes up

05:40so this is why i'm trying to explain to you that the market it can be really fun but you need to think

05:48imagine now having to place that support and say wow this is a good support area so i'm going to

05:54sell when the market gets there well now doesn't work that way but i'm going to show you the easy way to

06:02do it imagine having to wait and missing on all of this profit just because you are waiting for this area

06:09now it's not we're not going to be doing that so we're going to be catching all these pips so we

06:15want to make sure that we don't miss anything any consolidation uh it's a result of something good

06:22coming so always when there's a consolidation we we are head on we are too focused we look at the

06:30opportunities and we take them right away so i'll see you in the next chapter as this chapter was about

06:37customizing our chart but i ended up explaining some of the strategy but that was not all i'm going

06:43to go more in depth in the next chapter thank you

3. Customizing Our Charts - forex Trading

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