Short-term trend trading

This is how I trade the markets.

General gist
1. Determine Strongest vs Weakest currency pair
2. Trade in direction of strongest currency
3. Look for entries on 5m chart when it starts trending
4. Trade in direction of the 5 min trend, until the 5 min trend ends

5. Contrarian sentiment is an added odds enhancer, but isn't necessary

Rinse & Repeat on new Strong vs Weak currency pair.



Tool set for entering trades: Raghee Horner's GRaB Candles & 34 ema Wave.



References:
Dennis' Strong Weak Analysis - https://forums.babypips.com/t/tradin...analysis/77959
Raghee Horner's GRaB Candles & 34-ema Wave (Just google - info everywhere on the internet about this setup)

*I will not be sharing profits/account details etc. Simply my chart setups and trades taken*
More info to be added later.

GBPNZD 5-min

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GBPNZD Daily

GBPNZD 5-min

Falling nicely.

GBPNZD - +76.3 pips

Away from the laptop so missed this one, but another GBPNZD 5-min entry/scalp.

Let's see how this plays out.

GBPNZD 5-min

GBPNZD 5-min Update:

All stops hit on GBPNZD - -69.6 - Daily total: +6.7

Need to work on my annotation. Recent highs broken, price pulls back, consolidates in the wave then heads higher taking next high. Price is in a new bullish structure on the 5-min heading north.

We wait until price is showing bearish price action.

New GBPNZD entries on 5-min. Aiming for the low.

Attached Image (click to enlarge)

Break even hit by spread. TP missed. We wait.

GBPNZD 5-min

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Breakeven on GBPNZD Reloading in anticipation of move lower.

Hi , Can you share the indicators, template pls

hit stops on previous entries. Seems the last low was the point to get out for me today. -6.7 for the day.

Good morning.

GBPNZD shorts are still the play for me today.

Price on the 5 min has been ranging during the Asian session.


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