Gold H4 DDS dropping & H4 RSIOMA below 50. Daily DDS now beginning to drop with it. Looking for a short but H1 should probably retrace first.
H4 chart:
H4 chart:
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DislikedEnded the week up 500+ pips and still going thanks to Master Alien's fantastic systems. Using a combination of V1/V2. I am having better trades sticking to the H1/H4 combo and am trying my hand at swing trading. The GBPAUD while down 15 pips at the moment looks to be swinging back up on the H1 multi dds, so I might get a few pips out of it as well. Not sure about the GBPNZD which is down 38 pips and seems to be retracing on the H1 DDS I will have to keep an eye on this one. Insights from master or my alien friends would be much appreciated. ...Ignored
Disliked{quote} Well done. Do you look for setup on H4 and time entry with H1? Do you look for ADX compress/expand on H1 - that usually works well...Ignored
Disliked{quote} Thanks Zimbinga. Yes I watch the H4 and Higher time frames like master Alien has said many times to see which way the stream is flowing and then I drop down to the H1/H4 combo to look for possible setup signs like you mentioned. Since bring introduced to the multi dds my eyes automatically go to that indi first to see the flow of the waves on the H1/H4 and above, then are the version 1 indi's confirming the move. There is so much to look at I am still trying to get used to and remember. Like the good old "BARF" you introduced us to...Ignored
DislikedUSD CAD in a few hours could be a play......................Let the RSI cross long............... {image}Ignored
DislikedTomorrow we might see the EUR drop a bit when the RSI goes short............... {image}Ignored
DislikedI am just trying to point out high probability entries, it is your job to monitor them for profit and exits.................... {image}Ignored
DislikedGBPAUD - wait for the H1 to cycle back down and then enter long...................... {image}Ignored
Disliked{quote} You did not say that enough before lol I guess our different personalities do lead to different approaches. For me the v1 RSIOMA with MTF and ADX compress expand & BBS break are the key elements. Your MTF DDS now provides an intuitive feel for the waves which is good too.Ignored
Dislikedunfortunatly i missed some opportunities because of work and overall hesitation whats about usdcad weekly rubberbanding down {image} daily waiting to bottom with slingshot maybe {image} h4 maybe come up to the weekly again {image} hi bottoming {image} i expect therefore at least a correction up also because of divergence in obos in h4 what do you think? best regardsIgnored
DislikedEnded the week up 500+ pips and still going thanks to Master Alien's fantastic systems. Using a combination of V1/V2. I am having better trades sticking to the H1/H4 combo and am trying my hand at swing trading. The GBPAUD while down 15 pips at the moment looks to be swinging back up on the H1 multi dds, so I might get a few pips out of it as well. Not sure about the GBPNZD which is down 38 pips and seems to be retracing on the H1 DDS I will have to keep an eye on this one. Insights from master or my alien friends would be much appreciated. ...Ignored