Welcome to that place.
Itīs related to a big picture view/top down analyses.
Which pairs to pick for the coming week.
Itīs not a system what I show up here, itīs homework.
I trade this analyses with different styles or systems.
Keep it simple, a bit sarcasm is totally okay -- starting with my nickname
This is how I do:
1. We start with a monthly naked candle chart.
2. We click to line chart and mark the tips with a dark orange line.
3. We switch to weekly chart and put again on the tips dark purple lines.
- If there are already dark orange lines, there is no need to draw additional a purple one.
Most important is to keep it as clean as possible.
Iīm limited it to 2 MAīs.
The secret indicator settings are:
Moving average 10 Exponential Close grey
50 Exponential Close saddle brown
both Shift 0
.. that easy...
I do every weekend my homework when the markets are closed.
My analyses for this pair in my Excel sheet is:
Instrument: EA
Monthly: Retrace candle above 10 and 50
Weekly: Bullish
Impression: 350 pips empty space, retested support
Plan of trade: Look for buy entry, final TP around 15650
Itīs related to a big picture view/top down analyses.
Which pairs to pick for the coming week.
Itīs not a system what I show up here, itīs homework.
I trade this analyses with different styles or systems.
Keep it simple, a bit sarcasm is totally okay -- starting with my nickname
This is how I do:
1. We start with a monthly naked candle chart.
2. We click to line chart and mark the tips with a dark orange line.
3. We switch to weekly chart and put again on the tips dark purple lines.
- If there are already dark orange lines, there is no need to draw additional a purple one.
Most important is to keep it as clean as possible.
Iīm limited it to 2 MAīs.
The secret indicator settings are:
Moving average 10 Exponential Close grey
50 Exponential Close saddle brown
both Shift 0
.. that easy...
I do every weekend my homework when the markets are closed.
My analyses for this pair in my Excel sheet is:
Instrument: EA
Monthly: Retrace candle above 10 and 50
Weekly: Bullish
Impression: 350 pips empty space, retested support
Plan of trade: Look for buy entry, final TP around 15650
Risiko birgt immer auch die Chance.