NinjaTrader Workspaces

Workspaces allow you to flip between charts showing a higher time frame view and a trading time frame view. Without the need for many monitors – which can give you a neck ache!

The Forex Trend and Levels Higher Time Frame Workspace consists of 10 years of historical data, yearly, monthly, weekly and daily charts.
It can be altered for any Forex pair - however this is setup for 10years of GBPUSD trading

The Higher Time Frame
This workspace can provide a higher level view of the market

Think of the Trend
Long Term trend
Intermediate Trend
Short Term Trend

Levels of support and resistance
Horizontal
Dynamic
Fibonacci
Projected
Trend Lines
Trend Channels

Trading Method
Start your day be reading from the left of the charts -noting every level near to the price,
note the trend and its context.

This can set your bias for the trades you place within intraday charts - your trading time frames.
Trade with the trend
Mean reversion trade
Combine the two for awesome trading probability and profits.

Pre- requisites:
Forex Account Data connection
MicroTrends NinjaTrader Framework 7 - version 7.0.0.22

TIP: Plots can be set to transparent if you want less plots on the chart...
Each chart can be saved as a separate template

Workspace Technical Analysis

Yearly Chart
Contains last 15 bars of data 
Draw Tool recent highest high  to lowest low Fibonacci retracement
MT Levels Dynamic Fibs HTF plots the previous year dynamic fib levels,
MT Levels Horizontal SR plots the Yearly high  and lows  
MT Range ATR HTF indicator plots the current years range in green, the blue line on top of the grid plots the average ATR of the previous years, the Years with the most obvious price shocks penetrate the yellow plot - which is a 1.618 multiple of the moving AVG ATR.

Monthly Chart   
3650 days data
MT Levels Dynamic Fibs HTF plots the previous year dynamic fib levels,
MT Levels Horizontal SR plots the Yearly high  and lows  
MT Range ATR HTF indicator plots the current month range in green, the blue line on top of the grid plots the average ATR of the previous months, the yellow plot is a 1.618 multiple of the moving AVG ATR.
MT UMA plots a dotted purple on the ultimate moving average of the median of the last 12 months

Weekly Chart
3650 days data
MT Levels Dynamic Fibs HTF plots the previous month dynamic fib levels,
MT Levels Horizontal SR plots the Yearly high  and lows  
MT Range ATR HTF indicator plots the current week range in green, the blue line on top of the grid plots the average ATR of the previous weeks , the yellow plot is a 1.618 multiple of the moving AVG ATR.
MT UMA plots a dotted purple on the ultimate moving average of the median of the last 5 weeks
MT FXMAX plots dynamic support and resistance
 Turbo Ma - Red solid line
 Fast MA - Cyan  dash line
 Slow MA - Blue  dash line
 Triple MA - Grey dash Dot line
 Mid MA - Black - dash Dot line
 Long MA - Green - dash dot dot
 Max MA - Magenta - dash dot dot
Dynamic support and Resistance Bands
EMA 5 High
EMA 5 Low
EMA 2 High 
EMA 2 Low

Daily Chart
3650 days data
MT Levels Dynamic Fibs HTF plots the previous month dynamic fib levels,
MT Levels Horizontal SR plots the Yearly high  and lows  
MT Range ATR HTF indicator plots the current day range in green, the blue line on top of the grid plots the average ATR of the previous weeks , the yellow plot is a 1.618 multiple of the moving AVG ATR.
MT UMA plots a dotted purple on the ultimate moving average of the median of the last 5 days
MT FXMAX plots dynamic support and resistance
 Turbo Ma - Red solid line
 Fast MA - Cyan  dash line
 Slow MA - Blue  dash line
 Triple MA - Grey dash Dot line
 Mid MA - Black - dash Dot line
 Long MA - Green - dash dot dot
 Max MA - Magenta - dash dot dot

MT Stops ATR Trailing Stop – plots grey dotted squares and shows suggested stop position

Pivots Weekly and Monthly Pivots show projected levels – S1,S2 red and R1,R2 blue

MT Trend Slope Analysis – shows peak to peak divergence and can prepare you for a pullback and entry or reversal/ counter trend

Daily Chart Indicator based discretionary trading systems

MT Signals MA Oscillator – marks trend reversals – a green dot for long – red for short

MT Signals MT2 Trend Trader – set as a double moving average crossover

marks trend reversals – a green triangle for long – red for short

The Fast MA is a 5 day close EMA – red solid plot

The Slow MA is a 10 bar EMA  based on the Fast MA DataSeries - blue solid plot

TODAYS TRADE

Trading R1 today was a 100pip easy short – look left to the weekly chart to see why….

Horizontal level at 1600 was tested, broken, traded up to R1 at 16020 and then dumped back to find support at last months high the green F100% on the daily.
Plan Ahead

It is quite easy to plan several weeks or months ahead for a trade you that has a high probability – these are easy to find and trade with HTF trading times.

Statistically if you trade like this you earn far more – but brokers don’t like the fact you may only trade 20 to 50 times per year!

Scalpers will never be able to trade like this as they want the constant re-assurance of little wins… each to their own.

Workspace download

http://www.micro-trends.co.uk/forum/topic852-forex-trend-and-levels-higher-time-frame-workspace.aspx