Disliked{quote} The way i have taken your trading method is as follows, First ill see what RED news is up and coming so today for example it was USD due to looking to trade RED US news id check my USD pairs for a range in the London session of up to around 50 pips id then set up my buy/sell levels based on 10 pips from the range and place my SL at support and Resistance of the range. Id set up my take profit of a 2:1 This is what i have been doing, now can you be so kind and guide me through another crystal clear way as before in how i use Higher time frame...Ignored
For Strengths, what i do is look on the Currency exposure on Sunday/Monday trading week open and i look to see what is strong and which is weak.
For the strong ones i am looking to go up with them.
Example Cad is strong
Eurcad-Sell
USdcad-Sell
Cadjpy-Buy
Gbpcad-Sell
NzdCad-Sell
CadCHf-Buy
AudCad-Sell
So if its starting the pair i'm looking to buying and if its ending in the pair i am selling.
The opposite for the Weak Index
This week Gbp- being weak
Gbpusd, -sell
Gbpjpy-sell
EurGbp-buy
GbpCad-sell
Gbpnzd-sell
Gbpaud-sell
Gbpchf-sell
I have made stupid choices even in the same explained above, yes but its a learning process to choose between all the knowledge locked up in the brain that is escaping now.
For eg. i should be selling gbpusd, but instead i am buying-Only the one above knows why, lol and i am buying gbpjpy, So to say the least it does not always correlate in all cases.
This information is all to another thread by itself and i gave you a sneak peak here.
No its saying usd and jpy weak. kinda confusing-to just follow the strengths. You would be selling when you need to be buying.
R:R "Percentage Focus"
1