Hi All
to all who are trading EU H1 LO, here is what I am doing right now just as Tokyo 5H is about to close.
- open EU h1 chart look the the first 5 hours of Tokyo session, mark the high and low
- go back to H4 and look at the last time TDI cross, draw a vertical line at the cross point, use colour like green for cross up. Make sense?
- what is the H4 TDI condition like, is TDi cross about to take place? just take note of it. Until the TDI is confirmed, the current H4 cross is still UP!
- go back to H1, study the TDI, what does the Blue band look like? widening or narrowing?
- if you use daily pivots, where is the DPv and R1 and S1?
- where is yesterday's high low, draw a fibo from the low to high. If PA later break yesterady high, you can target the fib-r 127% and 138%.
- Note yesterday high is also current day high. ***
- if PA retraces from Tokyo high, you can trade this retracement using the fibo levels or the daily pivots DPv and S1.
- remember TDI cross on H1 is best use for confirmation, PA leads for early entry method.
- ADR for EU is 107pips for the last 10 days.
- Tokyo 5H range is about 30pips as I type this now. *** Good trade potential.
- weekly pivot WPv is 1.2425, I use as still support for this week H4 trading.
- look for PA> Momentum> ... bang entry!
- the rest depends on your trade management skills. it is a battle in your mind you have to fight not to fight the market.
***Good S3 H1 EU trade potential today LO and also NYO.
Just practice and see how many pips you can get of the market today.
Trade Well !
to all who are trading EU H1 LO, here is what I am doing right now just as Tokyo 5H is about to close.
- open EU h1 chart look the the first 5 hours of Tokyo session, mark the high and low
- go back to H4 and look at the last time TDI cross, draw a vertical line at the cross point, use colour like green for cross up. Make sense?
- what is the H4 TDI condition like, is TDi cross about to take place? just take note of it. Until the TDI is confirmed, the current H4 cross is still UP!
- go back to H1, study the TDI, what does the Blue band look like? widening or narrowing?
- if you use daily pivots, where is the DPv and R1 and S1?
- where is yesterday's high low, draw a fibo from the low to high. If PA later break yesterady high, you can target the fib-r 127% and 138%.
- Note yesterday high is also current day high. ***
- if PA retraces from Tokyo high, you can trade this retracement using the fibo levels or the daily pivots DPv and S1.
- remember TDI cross on H1 is best use for confirmation, PA leads for early entry method.
- ADR for EU is 107pips for the last 10 days.
- Tokyo 5H range is about 30pips as I type this now. *** Good trade potential.
- weekly pivot WPv is 1.2425, I use as still support for this week H4 trading.
- look for PA> Momentum> ... bang entry!
- the rest depends on your trade management skills. it is a battle in your mind you have to fight not to fight the market.
***Good S3 H1 EU trade potential today LO and also NYO.
Just practice and see how many pips you can get of the market today.
Trade Well !
Honesty is a very expensive gift. You wont find it in cheap people.WBuffett