Trading With EMA34 (GMT+7)

Okey! hi guys, maybe you already know how to trade with EMA34, but did you apply Price action + Hour 1 price line?

*** I trade by price action (Pinbar and engulfing) in Daily
*** My entry_zone in Hour 1, and Dow theory is my foundation.

>> step 1: In Daily (4th and 5th of the week) currency pairs (GBPUSD,GBPJPY, AUDUSD,...) have Pinbar or Engulfing then that's what I'm waiting for. If not, then I take the day off

>> step 2 (if there is pinbar/engulfing): In Hour 1 I will apply Dow theory with C1 >> C2 >> C1'. I will enter an order at the end zone C2 or I will place a Limit order (buy limit/sell limit)

***For example (dd/mm/yy GMT+7) ***

NZD/USD (15/07/21 12h55 PM GMT+7)

Step 1: Daily >>> NZD/USD had Engulfing Bullish >>> okey I will think Buy and Buy (Not Sell)
Step 2: Hour 1 >>> Dow Theory >> C1 >> C2 and I had Buy


*** When there is a signal, I will upload it here, for everyone to discuss
*** You can test trades on MT4

Hello Vothan,

I like your strategy,one of the most amazing PA patterns that exist,you're thinking very constructive,this can be one of the most profitable strategies ever.

When you say 4th/5th of the week I guess you mean Thursdays and Fridays of each week.BTW your english is very good lol....keep it up,happy trading my friend.

!!!!!!!! Wednesday and Thursday of the week

As we can see price is down on the daily and made its retracement higher giving bull engulfing on H1 for an entry,then breaking below

Thats a perfect Pinbar according to your rules,you got price down and EMA slope in a gear,but I consider PA more than EMA in my trading I rip off all indicators,don't need any but 34 is cool,we can work with that effectively.We have 5th/6th July and that is Mon/Tue.....when 7th begins then retracement happens along the white horizontal lines.

I have a correlation indicator that I think should be used to support any strategy.
The indicator is also a symbol changer, it display the strongest and weakest currency.
If you look at the indicator I believe you will understand the usage.

Note: You need to really understand what correlation is before you can use the indicator.

I takes 2 days on the daily to create an engulfing pattern,what if on day #3 there is no retest?

Do we wait until retracement or cancel the PA pattern and move on? As we know price only move in a straight line for limited time.

Why I "very very very" few trade on monday, tuesday and friday?

**** Example for Bearish ***

>>> and Bullish for you!

(dd/mm/yy GMT+7)

AUD/JPY Daily Engufling Bearish >>> (Sorry Current)

Sell litle >> (16/07/21 5h43pm GMT +7)

>>> New week market analysis (July 19, 2021 GMT+7) <<<

>>> channel Youtube Vietnam: Here
>>> channel telegram signal world (signal I update we will signal in next weekly): Here

>>> dd/mm/yy GMT+7)
🗓Date: 22/07/21 - 9h30 AM
🛎USD/JPY - Buy (chart Hour 1)
>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>

>>> dd/mm/yy GMT+7
��Date: 23/07/21 - 11h15 AM
��EUR/JPY - SEll (chart Hour 4)
----------------
You think?


Why sell? because, I follow candel Weekly and daily

With the current trend still up, short selling tf h1 is not supported

>>> channel Youtube Vietnam: Here
>>> channel telegram signal world (signal I update we will signal in next weekly): Here

CHF/JPY >>>>> Buy Limit with Engulfing Daily

Oh! my Good! I'm lucky >>>>>>> CHF/JPY

>>> Trade very little, very little in the forex and we with win.

What do you think about this?

>>> channel telegram signal world : Here
dd/mm/yy GMT+7)
��Date: 28/07/21 - 11h20 AM
��GBP/USD - Buy Limit (chart Hour 1)
Price: 1.38376
Stoploss: 1.37647
Takeprofit : TP1: 1.39074 - TP2: 1.39539

You think?

>>> channel Youtube Vietnam: Here
>>> channel telegram signal world : Here