Honesty is a very expensive gift. You wont find it in cheap people.WBuffett
- #6,282
- Oct 14, 2020 7:43am Oct 14, 2020 7:43am
- Joined Nov 2008 | Status: Trader | 50,194 Posts
{quote} {image} EURGBP Oct 14 update - at this moment that intra-week correction has taken care of the seller stops. - now its back to my original trade plan {image}
EURGBP Oct trade management update:
- with one basket with 4 open positions and now running nicely,
- sell limit and sell stop will be deleted when basket take profit
- will close this basket and re-open a new sell basket.
Honesty is a very expensive gift. You wont find it in cheap people.WBuffett
- #6,283
- Oct 14, 2020 8:35am Oct 14, 2020 8:35am
- Joined Nov 2008 | Status: Trader | 50,194 Posts
{quote} EURGBP Oct trade management update: - with one basket with 4 open positions and now running nicely, - sell limit and sell stop will be deleted when basket take profit - will close this basket and re-open a new sell basket. {image}
EURGBP Oct 14 trades closed
- new basket open with one position, one limit order and one stop order.
Honesty is a very expensive gift. You wont find it in cheap people.WBuffett
- #6,284
- Oct 14, 2020 7:07pm Oct 14, 2020 7:07pm
- Joined Nov 2008 | Status: Trader | 50,194 Posts
Here is one to be in your watchlist, AUDJPY Oct 13 Daily {image}
AUDJPY Oct 15 Tokyo Open update
- what do you see>
Honesty is a very expensive gift. You wont find it in cheap people.WBuffett
- #6,287
- Oct 14, 2020 7:52pm Oct 14, 2020 7:52pm
- Joined Nov 2008 | Status: Trader | 50,194 Posts
{quote} Hello Emmamuel !!! Can you share a Hi / Low weekly candlestick indicator? I am looking for this indicator but I cannot find it because if it is there it will be of great help to my trading plan. Thank you
Hello Jonhathan
There is no indicator for that Weekly High-Low .
When you do your weekly top down analysis, you need to see the weekly bar/candle to see if that weekly is a Weekly Control Candle then you draw its high low manually.
Weekly Control Candle WCC is a name give by member strat and those who follow his "THE PATH" will learn how to use this WCC. I use this WCC to determine the market type condition in which I do my swing trading.
You need 3 weeks to be completed to confirm the WCC. See chart below.
When you follow your charts one week at a time, you will spot them easily and when you have done this on every weekend, you know ahead in time what the market type condition is to trade in the following week. Planning your TMSr trades would be simpler and easy. Remember the Weekly ATR(52) weeks when you do your trade planning.
Honesty is a very expensive gift. You wont find it in cheap people.WBuffett
- #6,292
- Oct 15, 2020 4:44am Oct 15, 2020 4:44am
- Joined Nov 2008 | Status: Trader | 50,194 Posts
{quote} Hi! Do you have any plans to trade in the high and low price zones of the WCC?
Yes. When the WCC is narrow range there is potential for the market to breakout of the narrow range. This is where you can trade the D1 or even the H4 and look at the break at the WCC high or the WCC low .
Example is EURNZD, the WCC range rather narrow. If you have this WCC drawn, then look at D1 or H4 for short term trades. Look the the WCC high and low as support and resistance too when trading in the lower timeframes.
Honesty is a very expensive gift. You wont find it in cheap people.WBuffett
- #6,296
- Oct 15, 2020 5:15am Oct 15, 2020 5:15am
- Joined Nov 2008 | Status: Trader | 50,194 Posts
{quote} Thank you for actually waiting for the breakout of WCC that would have lost a lot of pips. I understand WCC will help us see good support resistance, right?
The WCC is just a Weekly bar/candle and it has its Open, High, Low and Close. Just treat the Weekly OHLC as natural price levels and look for previous price action PPA for swing highs/swing lows in the lower timeframe for e.g. H4 and see the CONLUENCE of support&resistance
Honesty is a very expensive gift. You wont find it in cheap people.WBuffett
- #6,297
- Oct 15, 2020 7:34pm Oct 15, 2020 7:34pm
- Joined Nov 2008 | Status: Trader | 50,194 Posts
Honesty is a very expensive gift. You wont find it in cheap people.WBuffett
- #6,298
- Oct 17, 2020 5:55am Oct 17, 2020 5:55am
- Joined Nov 2008 | Status: Trader | 50,194 Posts
next week's calendar Oct 19 to 23
not on FF calendar is the ongoing Brexit talks and BJ is making a very firm stand with the Brussel folks.
based on the news/events and chart, we have a few good trade opportunities for Daily char traders.
These two JPYBasket and USDollar are buy for me.
not on FF calendar is the ongoing Brexit talks and BJ is making a very firm stand with the Brussel folks.
based on the news/events and chart, we have a few good trade opportunities for Daily char traders.
These two JPYBasket and USDollar are buy for me.
Honesty is a very expensive gift. You wont find it in cheap people.WBuffett
- #6,299
- Oct 17, 2020 5:59am Oct 17, 2020 5:59am
- Joined Nov 2008 | Status: Trader | 50,194 Posts
AUDUSD and AUDJPY Week 43 Oct 19 to 23
week opening is sell and caution with intra-week corrective moves
check your H4 and locate the recent big candle last week and the corrective moves can test the big candles.
week opening is sell and caution with intra-week corrective moves
check your H4 and locate the recent big candle last week and the corrective moves can test the big candles.
Honesty is a very expensive gift. You wont find it in cheap people.WBuffett
- #6,300
- Oct 17, 2020 6:15am Oct 17, 2020 6:15am
- Joined Nov 2008 | Status: Trader | 50,194 Posts
USDCAD Week 42 Oct 14 Trade baskets closed, see reasons why I close today on my chart below. Now back to waiting for the next trade opportunity. {image}
After closing my sell baskets last week, I have not resume trading this pair.
Looking at how the week closed on Friday, I am not in favour of buy swing next week. So I wait for another few days. I am more inclined toward the Monthly longer term view i.e. bearish.
Anyone done his WCC on-chart analysis would probably prefer shorter term H4 trades.
Honesty is a very expensive gift. You wont find it in cheap people.WBuffett