Disliked{quote} Hey Folks AUDUSD Feb10 H1 @tommydogie is a newbie and failed to understand Big E Post#647 and use that as the basic checklist when trading. Look at this big picture below using pipware multi-charts. 1) Weekly PA is trend above its 10EMA,Close ( 5EMA,Typical Price, Shift+2 or Shift+3) 2) Daily PA is also above its 10EMA 3) H1 look for buy setup and avoid trading against the Weekly and Daily 4) H4 check for HA PA above 10EMA Close ( 5EMA,Typical Price, Shift+2 or Shift+3). Pick only the best setup like as Big E this many times. I pick only...Ignored
AUDUSD Feb11 Sydney Open
- what has changed since my last post?
- very little, Weekly still the same. Daily shows no reversal candle setup.
- today several Asian markets will close early for the Chinese Spring Festival holidays, expect more 'gamblers' / speculators coming to the world's 'glorified casino'
- if I short H4, I will target the 50EMA, expect reaction around its 5EMA and RN plus the previous price action PPA as we see to the left on H4.
Honesty is a very expensive gift. You wont find it in cheap people.WBuffett
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