Here's a good article:
DislikedI wonder if this will turn out to be one of those times when I should trade what I see, not what I think. I keep thinking we'll retrace back down. But the QQE's are screaming "UP" and price can't make it below 206.99.
We seem to be roughly following this fib cycle. Maybe I should go long to 208.25, with a SL of 206.95. Hmm . . .Ignored
DislikedThis morning.. (UK time before the London open)... I jumped into a short trade based on the 5minute strategy.
I had promised myself not to do it again, but wait for the 15min.
But i did.
However, I remembered just in time and although it all looked like it was going in the right direction, i got rid of the order for a small gain and decided to wait for the confirmation on the 15 min.
It looked like it was going to confirm.. it had crossed down.. but then at the last minute it crossed back and I had to wait for the next cross...
It never came.
I'm going to stick to the system. I know it gets the trade in later than some of the other guys who seem to be making loads of money, but it means i don't have to think too much about what I THINK is going to happen.
DislikedCurrent price is 208.43
1H 100sma = 208.67
Daily 5sma = 208.90ish
Asian Session Pivot = 208.13
Price is currently sitting in the "wait and see" price range of 208.00 - 209.00. QQE5 15M is crossed up (bullish); QQE60 15M is crossed down (bearish).
News is out in 3 hours. I'll wait for London session pivot to establish position bias.Ignored
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