DislikedEURJPY H4 attached Pull back to 21 and 89. Can we expect a move down to 137.9. Do let me know if i am totally off the mark applying the rules. {image}Ignored
If we have a doji or nice pinpar we should open a right sell position.
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DislikedEURJPY H4 attached Pull back to 21 and 89. Can we expect a move down to 137.9. Do let me know if i am totally off the mark applying the rules. {image}Ignored
DislikedAUDCHF H4 attached Broke below 89, Pulled back and now moving down. MACD closed below zero. BPM? Target previous low (0.8360)? I see that the 8EMA had gone above the 21EMA and now coming back below. Should we wait for a retest of the 21 for entry? Would this be a CT move. The 89 is above the 200 so its still an uptrend, and i am expecting a move down. But we have Lower Highs and Lower Lows. {image}Ignored
DislikedMonday Watch so far - POUND Have added this to my watch guys. Anyone got a chart for us to keep an eye on:nerd: {image}Ignored
DislikedAUDCHF H4 attached Broke below 89, Pulled back and now moving down. MACD closed below zero. BPM? Target previous low (0.8360)? I see that the 8EMA had gone above the 21EMA and now coming back below. Should we wait for a retest of the 21 for entry? Would this be a CT move. The 89 is above the 200 so its still an uptrend, and i am expecting a move down. But we have Lower Highs and Lower Lows. {image}Ignored
Disliked{quote} I looked at posts 10212, 13038 and 11119, couldnt find "THE HEART OF THIS SYSTEM". Can somebody point me to the right post, please.Ignored
Disliked{quote} this is absolut right setup. You should wait for the japan open. If we have a doji or nice pinpar we should open a right sell position. {image}Ignored
Disliked{quote} I looked at posts 10212, 13038 and 11119, couldnt find "THE HEART OF THIS SYSTEM". Can somebody point me to the right post, please.Ignored
DislikedAUDCHF H4 attached Broke below 89, Pulled back and now moving down. MACD closed below zero. BPM? Target previous low (0.8360)? I see that the 8EMA had gone above the 21EMA and now coming back below. Should we wait for a retest of the 21 for entry? Would this be a CT move. The 89 is above the 200 so its still an uptrend, and i am expecting a move down. But we have Lower Highs and Lower Lows. {image}Ignored
Disliked{quote} price (EMA21) between blue and yellow- does mean trading between the 200 and 89Ignored
Disliked{quote} this is absolut right setup. You should wait for the japan open. If we have a doji or nice pinpar we should open a right sell position. {image}Ignored
Disliked{quote} Nicely explained, thanks. However my instinct tells me to stay out of it, as for no reason it could turn up (probably not), its just the long tail and support 1 tested 3 or 4 times. We will see what happens. Me personally as i am a novice, would be to watch it on the H1 and try to get in early with a small stop loss.Ignored
DislikedBinnie, thanks for "The Heart of this sytem" and "breakout" documents. I have a lot to learn, but since it all leads to a central strategy it is not so confusing/tiring. I was learning a lot before as well, but it was disparate things, often duplicate, competing or even contradictory indicators/systems/strategies; makes one feel dizzy and a bit lost, not a small bit either. Currently i am not focusing on a currency pair; going through all the pairs looking for setups that meet the rules i have learned so far. Thanks for going through my post and...Ignored
Disliked{quote} Mathus you have had a couple of feedbacks on your chart and I want to add mine. This pair is never on my usual list so I have had to start from basics and work my way through it. Thanks for picking this one - it has been a great exercise to go through and helps practice what I think I know about our method. Anyway - my post is fairly long so here goes.... Picking up on your comment about the BPM - I reckon you have the idea already. I have posted a comment on your chart as well as a PDF from Phillips Lessons and it explains how the BPM works....Ignored
DislikedMonday Watch so far - POUND Have added this to my watch guys. Anyone got a chart for us to keep an eye on:nerd: {image}Ignored
Disliked{quote} Price can get caught between moving averages, so a move down to the 200?? could be anticipated. It looks like a BPM to me on the 89...The hardest part of trading is waiting and spotting the set ups.... nicely spotted...Ignored
Disliked{quote} I have been there, i used to watch hours of webinars off youtube and other websites and it gets confusing. This system works once you realise what the anticipation is from the rhythm. It can stop you trading too from those look a like set ups that fool novices, that happen after the move has finished but you try to get in. This is just as important for me, knowing when not to trade. This could look like a set up on the Aud/Usd. This is when its good to have a Binnie plan of A or B.... {image}Ignored
Disliked{quote} Can you do this with sHs. Go to H1 and see one and then play that into the H4. I really would like to get this under control and understood. {image}Ignored