I am taking a bit of a break this week & next
But as I have been studing the last few weeks
I am convicted Trendlines (TL) are the best way to trade.
I come a cross Jacko website & it was a conformation
I don't want to take over his site.
So I am going to start a new one.
I was starting to do this before I read his stuff
but I may well use some of his stuff
So I want to give him the credit that is his do for his stuff.
on my charts you will see two MA
20SMA blue thin & 200EMA red Thicker
20MA is pip room
200MA to see trend on week, day , 4 hour , hour charts
you will see fib lines in Red
only the 0%- 50% - 100% I have remove the others
I will likely take them form the hour chart
If I take a 2nd one from the 4 hour or Day they will be in Blue
Big black line in the day TL
thin black lines are 4 hour channel lines
blue lines are hour or 30 min lines TL.
I will only be looking at the 3 big pairs
Eur/Usd- Usd/Jpy- Eur/Jpn
The reason is they clearly trend the best
I Will use the Hour TL for in & out
there need to be 3 touchs to form a line
the 50 % Fibs & high & low swings (0 & 100% fibs) form S/R
We will make it up as we go
I am only doing this on Demo at this time
I am still trading TEB2 for real
Charts below are for the Eur/Usd in that order
i. day,
ii. 4 hour,
iii. 1 hour
few add ones
1. I will only trade with the 4 hour channel
2. I will be using candles, candle formations -esp big big tail.
3. I might play with the Usd/Cad & Aud/Usd - But I will stay away from the GPB crosses
4. As the hour trend changes our way I will add more lines as I see 3 points
TEB
But as I have been studing the last few weeks
I am convicted Trendlines (TL) are the best way to trade.
I come a cross Jacko website & it was a conformation
I don't want to take over his site.
So I am going to start a new one.
I was starting to do this before I read his stuff
but I may well use some of his stuff
So I want to give him the credit that is his do for his stuff.
on my charts you will see two MA
20SMA blue thin & 200EMA red Thicker
20MA is pip room
200MA to see trend on week, day , 4 hour , hour charts
you will see fib lines in Red
only the 0%- 50% - 100% I have remove the others
I will likely take them form the hour chart
If I take a 2nd one from the 4 hour or Day they will be in Blue
Big black line in the day TL
thin black lines are 4 hour channel lines
blue lines are hour or 30 min lines TL.
I will only be looking at the 3 big pairs
Eur/Usd- Usd/Jpy- Eur/Jpn
The reason is they clearly trend the best
I Will use the Hour TL for in & out
there need to be 3 touchs to form a line
the 50 % Fibs & high & low swings (0 & 100% fibs) form S/R
We will make it up as we go
I am only doing this on Demo at this time
I am still trading TEB2 for real
Charts below are for the Eur/Usd in that order
i. day,
ii. 4 hour,
iii. 1 hour
few add ones
1. I will only trade with the 4 hour channel
2. I will be using candles, candle formations -esp big big tail.
3. I might play with the Usd/Cad & Aud/Usd - But I will stay away from the GPB crosses
4. As the hour trend changes our way I will add more lines as I see 3 points
TEB