thank you supa and welcome...
i suggest you subscribe to this thread that way u won't miss anything...
my beautiful long suffering wife's [psssst...i was a rascal in my days] ancestors are from your part of the globe.
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Disliked{quote} hello sinqua and welcome... i checked your profile and see that u're based in South Korea, so from your joyful reaction i take it u are a fellow countryman. i have a friend from the BoKaap in Cape Town whose son is a geologist {should be about your age} and who married a South Korean beauty [never had the pleasure of making her acquaintance though] ...u are not perchance that son ???Ignored
DislikedHi sunshine, how r u? Im reading your thread, its interesting but to be honest i dont get it I dont understand several things, like jumping from M TF to Daily? (skipping W TF) and/or move from W to H4? (skipping Daily FT) ...why??? ...or why 1 buy (sell) signal is good and other not (u still didnt explained difference between yellow & red "x") I agree more with opinion of Palabara, what he said, but as i still dont know what is your sistem about, i will let u to explain it more, but here (if u dont mind) i will show some exmples of Cable So...Ignored
Disliked{quote} Sadly not, I'm not even South African, I know a few though, nice people.Ignored
DislikedHi sunshine, i have a question for you.According to your first strategy you mentioned that "Monthly is Up" means monthly chart trend up or current month candle is bullish ??? thanksIgnored
we pull up the weekly LINE chart of USOIL...remember, we always approach our analysis with a line chart first then only after that we switch to bar or candle or whatever chart format u prefer. there are 2 x Weekly Charts below in different formats, the Line Chart and the Bar Chart.
the Week is not finish yet but i put a preliminary analysis of the weekly anyway to serve as sort of heads-up should u have any positions currently.
any other analysis to concur or disagree are most welcome, thank you.
Q2) You then trade the BREAKOUT of the MOST RECENT PREVIOUS SWING pertaining only to the direction of the MOST CURRENT TREND as defined in month/week
Q3) Because of using LINE CLOSE prices do u take trades while price is still developing or wait for H4 bars or D1 bars to close?
Q4) How do u react during price swings of consolidation. I mean Swings High/Low are very close together. They trigger multiple entries.
Q5)How do you pyramid? Is it based on those small LINE SWINGS also in lower TF Daily or H4 or just based on +brb (long) / -brb bars (short) or fixed pips?
Q6) When do u TP or close all your pyramid positions? Based off those LINE SWINGS again on higher TF or lower TF?
Q7) Lastly a dumb question, is there any difference in using LINE OPEN price (1 EMA Open) instead of CLOSE prices to make decision except it will be slower? Open Prices remain stagnant while close prices tend to move in real time. I ask because recently FF threads all starting talking about trading using OPEN prices. Pls pardon me if it sounds stupid.
Best Regards,
LearnAlways