DislikedI would like roll out some discussion if someone is at the screens this weekend, and as more answer as possible would be beneficial for everyone , I think . What you want see on Daily chart before you take trade on 4 hrs. chart . All indies are in place and you ready to trigger, in which positions you want to see a Stochastics and RSI in lower window?. I understand it is no one answer, but maybe is one or two which are working best. Stochastics and RSI crossed 50 in yours direction , Stochastics and RSI close to cross it , Stochastics and RSI bellow...Ignored
I swing trade on Daily and Weekly charts timeframes.
Since we have June month closed on Friday, I would look at my Monthly charts and get an update of the market condition.
And on my weekends, I prepare my week trade plan.
First thing I do is to look at the economic events calendar and take note of the tier one type news/data release. And also other events not on any calendar like the concluded G20 meeting and the Trump-Kim meeting at the DMZ.\
Once I have my view of all the MN charts of my 20-pairs, I will know what to look for next and also how I would be managing all my open positions from the previous week.
I see two new potential on my MN charts below.
But these are MN timeframes , and the next task is to drill down to the Weeky to get a quick top down analysis.
I would be looking for correction trades on either Daily and also H4 is possible. by always prepared when the swing high during this month is seen then prepare the ride the MN down.
Of course, there are CONTINUATION potential possibilities in the other pairs.
Honesty is a very expensive gift. You wont find it in cheap people.WBuffett
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