momentum and price action (not naked charts)

so back to it. all price action. i use the m-candle indicator to visualize a true monthly candle across all timeframes, and i look at the h1 and up timeframes to see how these candles are being created. i also use m-candles as a type or moving average, but with much more valuable info

i only enter on h1 and h4, and i use the structure inside of the monthly candle to determine trend and its direction, momentum, and probability.

you can join my discord https://discord.gg/Ge5sWUdN ill be glad to see you there.

lets eat.

so i just modified some data on my indis so we gonna start here.

so for the green and black strength meter, it shows value for the last hourly period, and the black and white me is also an hourly but it shows current value.
they are both weighted like an the dollar index so its reliable. i also use m-candle daily because i want to the the price action inside the price action, an d the last two i use are a button indy for changing pairs on the fly and magnified market price.


so gu just surprised us all with that bearish move and it showed its presence via the momentum behind the move. so now we are in a downtrend that i tried to pick the bottom out of a few times before i finally reassessed the situation. since then i was able to get things right so now i have a feel for the chart and what its saying to me.

price went up into a lower low area, and it just looked good to short. the meter that is giving data for the hr before is saying, hey man, the dollar is kinda strong buddy, and the gbp is currently a doormat lol. of course i knew price was bearish but i noted the values i saw. this is the part i like especially, its the meter giving current values combined with slower meter values and price. as you can see with this small sample, price was going into resistance with decent momentum and the fast meter showed dollar and pound with negative values but the dollar was still outperforming the pound during that up move into the resistance. with the slow meter showing a huge difference in the values, confirming the real momentum. i actually said on the forum that i believed that dealers were gathering orders for another move down and here is the result

good price action, nice downtrend, momentum favoring the dollar

gbp making a slow comeback but its not out performing the dollar according to pa and slow meter

fast meter showing that the gbp is being bought up but the momentum in the dollar is still high

gbpnzd is a difficult pair to trade. i personally have never traded it. but lets get to the bread and butter. this pair is in an ascending consolidation but there is always a trade to be made. i wont call a play now because since im using hourly calculations the data from the fast meter transfers to the slow meter and the fast meter begins to track new price movements. i do see short potential though because this pair is churning in a organized mess of consolidation. if there is a play short id like to see a big momentum shift on the FM while price action and the SLM confirm the momentum and vice versa because the SLM will adjust to high volatility which i love as a solid confirm

we may get longs in check the method. its a new hour and we have our dynamic relative strength and new current values to compare. this could be a nice breakout or a dip and buy

im expecting a break to the upside

did some strategy overhaul. im looking at eurgbp. so price did a 63 pip downmove breaking a low and came back to retest the previous structure swing low. im using adr 100; one that shows today and one that show yesterday, a highlow ind, adr projections and deep currency strength with T/A. i saw the big move down and the move was above average on the adr, it shows on the projections. the adr high was at a resistance level and the average most likely touch 60+ again so i shorted the resistance.

this is a buy situation for me. price is showing long volume by breaking through the 2 month range high and bouncing off the 2 week range high while the daily range high has been violated. im looking to go long around the last higher high

im looking to short the high of the range

nzdcad is in a good speculative area. so far the currencies show strenght on both sides but price is at the monthly average pip range. need another day or two to see where price goes

the way i see the market is gentle, i dont think to hard because its all here on the chart.

another one

looking for a long from 94.000 to R38. 100+ pips