Keep pushing forward

price found support at daily 200ema 11958 and has since risen up last friday currently testing 12095.

I have a range from 12095 my main resistance and 11958 main support. I don't think it will fall beneath this main support continuously without a proper correction. I do see a divergence on daily, there has been divergence on 12h and 4h. So I do think it may run up a bit we'll have to see what it does when it reaches 12095. I'm going to wait for London open, I'm sure as hell Frankfurt won't take it up beyond 12095.

From today and onwards I'll attempt my entries on 10min charts.
All I know for today is price is sitting on a support, thus far it seemed to want to climb further up however like I said I have my main resistance at 12095, I don't how it will behave around that level. If it shoots up beyond that point and above 10min 200ema its a buy but we'll see how it plays up around that level and when London comes in.

well as I was typing it went beyond 12095.
what does that entail ?

let's wait on London for a proper buy or sell we may never know and its too early to call.

-17pips for the day.

here's what's wrong with me.

I need to take at least 1:2 trades that way I can withstand periods of drawdown or consecutive losers that may result because of the market or my inability to read the price movement.

I have tried incorporating multiple TF trading but I'm coming to the realisation that it's just not for me. I keep taking profits early with wide SLs. It's becoming a destructive pattern.

So I have decided 10min entries would be best for DAX. But I'll analyse daily,12h,4h,30min and 15min prior trading day begins. I'll trade the pattern on 10min and will draw my S&R areas on the same chart but will keep what's happening on higher TFs.

12090 main support
12320 main resistance

12217 median resistance also my 1h 200ema.

Momentum has been up.
However we've reached an area of resistance 12217.
So I'm biased more towards a sell.
We'll see.

keep your RR 1:2 at least
no emotional trading
pull the trigger only after the trigger candle

CADJPY long @86.88

DAX 15min long setup occurred 15minutes into Frankfurt.
Trend trading with horizontal S&R lines.

I was debating whether or not I should wait for London to get going before I open any trades on DAX, but if you waited for London open on a big TF as 15min (its relatively big considering that its DAX) you would have missed the move I think it was over 50pips with 15-20pips SL.

I'm realizing horizontal S&R works beautifully both on DAX and currency pairs, while I appreciate MAs and divergences to be honest especially with currencies horizontal S&R lines along with pattern and candlesticks is more than enough. With DAX however my observational findings suggest that MAs (I only use 200ema and 20ema now) and MACD divergence acts as a decent reliable tool to have if you know how to use them properly.

CADJPY long
R1/Final TP - 88.30
entered on 4h

Let's see how this one goes.

SL HIT