Dislikedthanks for sharing your knowledge here with us. i am basket minded trader and your system have very similar signals but quicker and indicator free approach. according to your system i am short on EURUSD M down, D down EURJPY M down, D down EURGBP M down, D down USDJPY M down, D down NZDUSD M down, D down GBPJPY M down, D down long on USDCHF M up, D up USDCAD M up, D up GBPCHF M up, D up GBPCAD M up, D up GBPAUD M up, D up EURAUD M up, D up thanks HukamIgnored
thank u for your kind and encouraging words.
yes, u are correct about the signals being earlier, and indicator free of the mathematically derived sort.
several pairs in your selection i do not trade but because u have responded to my trading approach, i do owe u as a matter of decency and courtesy to look up their signals, so in short... it is my pleasure to reply to u.
i do find that the Monthly Trade direction of your CAD pairs are NOT according to my method, but your current Trading Bias is correct although it's in the opposite direction of the LAST Monthly close... this is where the earlier and quicker signal generation of the combinations are coming into its forte and strength.
let me explain and make clear what i mean:
- please take a look at the accompanying charts below, note the Daily chart of the GBPCAD [the same signals are present in the USDCAD so i'm not displaying its Dly chart but rather its Weekly chart because it shows additional info.]
- right at the beginning of this current month of May the Daily price closed above its LSH... when price in the Dly tf made this move, it telegraphed to those of us who could understand..."listen-up traders, go long and stay long and be careful of shorts until further notice..." the USDCAD formed and completed the same signal on the 2nd trading day of this month...talk about quicker and earlier signals...
- the 2nd chart from the right is the GBPCAD Monthly in which i pointed out that the last monthly bar closed down and not up as in your post. please take a moment to go over the M+D combo charts of the GBPCAD again... can u see what i'm referring to ?
- so u can see that although your perception of the M+D combo was incorrect, your Trading Direction is spot-on correct... WHY ??? because of the fact that the Dly price closed above its Last Swing High as pointed out on the charts. ...congratulations and keep it up Hukam !!!
- the 1st chart on the left is Wkly of USDCAD. this wkly close is confirmation to stay long.
- the Weekly of GBPCAD looks much the same.
- almost forgot, the CHF M+D combo's are correct, i had to look them up because i do not trade them,
- however, the USDNZD M+D combo is incorrect but once again, the Dly LSH close put u in the right trade direction. this is another pair that i do not trade.
Any questions ? or anything else that u wish to illustrate or clear up ? please ask, u most welcome.