Disliked{quote} you're welcome Fadhl,and yes, USDCAD gave Wkly continuation signal bar and the 4hrs entry chart produced a buy entry. do not be concerned about Oil, there is no rule that the Loonie and Oil should move opposite.
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Disliked{quote} you're welcome Fadhl,and yes, USDCAD gave Wkly continuation signal bar and the 4hrs entry chart produced a buy entry. do not be concerned about Oil, there is no rule that the Loonie and Oil should move opposite.
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On the daily chart, the daily bias is determined by the relationship the last 2 closes have to each other. Check the last closing price on the Daily Chart.
2/- Monthly/Daily combination for Monthly Downtrend:
The trend is determined by last month's bar.
Check the Monthly Chart.
On the daily chart, the daily bias is determined by the relationship the last 2 closes have to each other. Check the last closing price on the Daily Chart.
3/- Weekly/4hour combination
4/- Exits:
DislikedHi compro99, The method of this thread is quite simple but I to had trouble understanding it clearly. I suggest you give the last 10 pages a good read. After that I found it beneficial to write it out in my own words as below:- When Price is Up Buy; When Price is Down Sell - The Basics! 1/- Monthly/Daily combination for Monthly Uptrend: The trend is determined by last month's bar. Check the Monthly Chart. If the last monthly bar close is up (a bullish candle), the trend is up. On the daily chart, the daily bias is determined by the relationship...Ignored
the MA is a 20bar ema for anyone wondering.
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DislikedGBPCAD Dly updated chart all shorts closed for more than 3,000 pips, new Daily buy entered on close yesterday above LSH chart for explanation purposes because there are some traders who still unsure about this method and its different strategies. {image}Ignored
DislikedHi compro99, The method of this thread is quite simple but I to had trouble understanding it clearly. I suggest you give the last 10 pages a good read. After that I found it beneficial to write it out in my own words as below:- When Price is Up Buy; When Price is Down Sell - The Basics! 1/- Monthly/Daily combination for Monthly Uptrend: The trend is determined by last month's bar. Check the Monthly Chart. If the last monthly bar close is up (a bullish candle), the trend is up. On the daily chart, the daily bias is determined by the relationship...Ignored
DislikedClarify my doubt, Bias is based on last weekly/monthly candle UP/DOWN or break of last HIGH/LOW ?Ignored
Disliked{quote} Well done Sunshine. It's great when you get a run - it's definitely a trend following system.Ignored
EDIT: see how deep fridays retracement was, if u do not believe in the strategy then anyone that popped-in and looked at their charts during that retrace would have closed it for a loss... so before anyone trade any method and strategy live it is of vital importance that you really believe in it.
DislikedClarify my doubt, Bias is based on last weekly/monthly candle UP/DOWN or break of last HIGH/LOW ?Ignored
Disliked{quote} Hello LearnAlways,As promised, let's do some clarifying...if any of my answers cause confusion to u or any other interested member please ask, OR if my understanding of your question is flawed, please do tell, thank you all. let's answer your question in order; Q1.a) You are using the LINE graph to better visualize in seeing basically 2 things being namely the MOST CURRENT TREND based on month or week by using the SLOPE of the LINE. Answer: yes, correct. Q1.b) All the BIG & SMALL SWINGS HIGH/LOW Answer: Not entirely correct,...
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Disliked{quote} Sunshine, what you said about last month UP/DOWN monthly candle is different on post 62 where u use last recent swing high/low to determine Trend Bias. That is where to confusion start...for me.Ignored
the colour codes on my charts:
trader compro99 is it clear ?
QuoteDislikedi'm pre-empting the close of the signal, still 20 mins to go before the 4hr bar close, reason is, i won't be able to wait that long...gotto run... duty calls.
there is another reason i entered again, who can tell me by looking at the 4hr chart ?
Disliked{quote} You have momentum on your side? During second entry this entry bar was almost twice as big as previous bars and also wick interpretation is suggesting that buyers are in charge.Ignored