Make all possible mistakes in demo and rain in pips in live account
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Disliked{quote} How do we know when market trend? When market trends it candlestick hardly crossed bollinger middle band. Check the movement of the price before and immediately the US election. When we compare it we could see and judge. Good luckIgnored
Disliked{quote} So eventually you get in CADJPY? Can you tell us what make you change your view since we had a few discussion on that on back in mid Jun? Thanks HCIgnored
DislikedThe 11th June was closing below the middle band on the weekly chart while the daily, 12th June closed strongly below the lower band. Great movement,over 455 pips {image} {image}Ignored
Disliked{quote} Hi 9J, Please excuse my inability to understand how to apply the weekly vs daily candle closings. YES, I have read from beginning and have watched each of the posts as they come thru. I would like to use your recent USDCAD posting as an example. Here is my problem: We look at the 12 June weekly close and see that it has closed below mid-band (that candle does not close until 16 June). Now, after the 16th, we go to the Daily to see if....and this is where my confusion may be...."ANY" candle during the week has closed below the lower band,...Ignored
DislikedYou sort of read my mind to my next question/observation: Reviewing several charts, I see that once the weekly candle crosses the mid-band, and then dropping to the Daily to see if that one crosses the outer band, a pullback often comes shortly after. Would it be advantageous to drop to the 4H to get an even better entry point by watching for a pullback in the opposite direction, and then enter in the same direction as the weekly with conviction. Am I understanding correctly?Ignored
DislikedFor those who love 4hr in taking their positions this strategy is really doing great also. Just checking the daily and 4hr, I found out that while the daily was closing below the middle band 4hr had already closed below the lower band on NZDUSD. If only I could trade 4hr also using high lot to catch some pipsIgnored