AUDNZD daily. Good slope in both TDI and Stoch. Wait for next daily price close below EMA -5 and here we go
Attached Image (click to enlarge)
- #147,402
- Jul 18, 2024 7:28pm Jul 18, 2024 7:28pm
- Joined Nov 2008 | Status: Trader | 50,206 Posts
Thursday Jul 18, 4Hr London 6am Pacific 10PM, - no trades opportunities now - if using dynamic entry, it has to follow Daily and Weekly {image} ...
Friday Jul 19, London 1am UPDATE:
Daily charts,
> Weekly candle will close today
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Honesty is a very expensive gift. You wont find it in cheap people.WBuffett
- #147,403
- Jul 18, 2024 7:43pm Jul 18, 2024 7:43pm
- Joined Nov 2008 | Status: Trader | 50,206 Posts
AUDNZD daily. Good slope in both TDI and Stoch. Wait for next daily price close below EMA -5 and here we go {image}
Elliot Wave study
After Wave 5, will be corrective waves.
Sideways Ranging Market Type conditions are various forms of Corrective waves and they will show in the Stoch and RSI.
Honesty is a very expensive gift. You wont find it in cheap people.WBuffett
- #147,404
- Jul 18, 2024 7:54pm Jul 18, 2024 7:54pm
- Joined Nov 2008 | Status: Trader | 50,206 Posts
Honesty is a very expensive gift. You wont find it in cheap people.WBuffett
- #147,405
- Jul 18, 2024 7:59pm Jul 18, 2024 7:59pm
- Joined Nov 2008 | Status: Trader | 50,206 Posts
Always look for the best A+++ setups and trade ...
AJ Jul19 H4 Tokyo 10am soon,
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AJ Jul19 H4 Tokyo 10am soon,
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Honesty is a very expensive gift. You wont find it in cheap people.WBuffett
- #147,406
- Jul 18, 2024 9:28pm Jul 18, 2024 9:28pm
- Joined Nov 2008 | Status: Trader | 50,206 Posts
{quote} Agree with you, on the other hand weekly and daily are in an upward trend and you just said : if using dynamic entry, it has to follow Daily and Weekly
this would be today' example of a dynamic entry with M15 PA candle during this active H4 candle.
GU Jul19 H4 Tokyo 11am
- m15 PA entry
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Honesty is a very expensive gift. You wont find it in cheap people.WBuffett
- #147,407
- Jul 19, 2024 2:36am Jul 19, 2024 2:36am
- Joined Nov 2008 | Status: Trader | 50,206 Posts
{quote} this would be today' example of a dynamic entry with M15 PA candle during this active H4 candle. GU Jul19 H4 Tokyo 11am - m15 PA entry {image} ...
GU Jul19 London 8am
- another possible dynamic entry during this current active 4Hr 6am candle
- M30 BEOB
- its a POP Gun too!
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Honesty is a very expensive gift. You wont find it in cheap people.WBuffett
- #147,408
- Jul 19, 2024 4:01am Jul 19, 2024 4:01am
- Joined Nov 2008 | Status: Trader | 50,206 Posts
AU Jul 19 H4 London 10AM Pacific 2AM 4Hr
- Price Action M30 DBHLC for dynamic entry
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- Price Action M30 DBHLC for dynamic entry
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Honesty is a very expensive gift. You wont find it in cheap people.WBuffett
- #147,410
- Jul 19, 2024 4:59am Jul 19, 2024 4:59am
- Joined Nov 2008 | Status: Trader | 50,206 Posts
{quote} What does dynamic entry mean?
it means when you missed the London 10am Pacific 2AM 4Hr candle entry,
you can join in the trend using post #647 Price Action in the LTF
for example UsdChf at London 11am soon
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Honesty is a very expensive gift. You wont find it in cheap people.WBuffett
- #147,411
- Jul 19, 2024 7:01am Jul 19, 2024 7:01am
- Joined Nov 2008 | Status: Trader | 50,206 Posts
Another example of a dynamic entry during the current 4Hr trade window
EA Jul 19 4Hr
- M30 PA BUOB
- you face the risk of New York Open and Chicago
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EA Jul 19 4Hr
- M30 PA BUOB
- you face the risk of New York Open and Chicago
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Honesty is a very expensive gift. You wont find it in cheap people.WBuffett
- #147,412
- Jul 21, 2024 2:30am Jul 21, 2024 2:30am
- Joined Nov 2008 | Status: Trader | 50,206 Posts
Week 30 July 22 to July 28
Top most important trading task is this:
...
Top most important trading task is this:
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Honesty is a very expensive gift. You wont find it in cheap people.WBuffett
- #147,413
- Jul 21, 2024 2:37am Jul 21, 2024 2:37am
- Joined Nov 2008 | Status: Trader | 50,206 Posts
Week 30 July 22 to July 28 Top most important trading task is this: {image} ...
Next, know the Market Type conditions for the new week,
Trading Made Simple - Weekly determines the Market Type
1) Trending
2) Sideways Wide Range
3) Sideways Narrow Range
Keep It Simple : just three(3) Market Types will do. We do not need 10 to 25 market types here.
USD Majors
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Honesty is a very expensive gift. You wont find it in cheap people.WBuffett
- #147,414
- Jul 21, 2024 2:40am Jul 21, 2024 2:40am
- Joined Nov 2008 | Status: Trader | 50,206 Posts
{quote} Next, know the Market Type conditions for the new week, Trading Made Simple - Weekly determines the Market Type 1) Trending
EUR and GBP crosses:
Be careful when you chase after these strong trending pairs,
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Honesty is a very expensive gift. You wont find it in cheap people.WBuffett
- #147,415
- Jul 21, 2024 2:45am Jul 21, 2024 2:45am
- Joined Nov 2008 | Status: Trader | 50,206 Posts
{quote} Next, know the Market Type conditions for the new week, Trading Made Simple - Weekly determines the Market Type 1) Trending
JPY pairs Week 30,
- there were interventions last week
- but how many times can it happen
- if you are bullish, then be prepared for some downsides
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Honesty is a very expensive gift. You wont find it in cheap people.WBuffett
- #147,416
- Jul 21, 2024 2:56am Jul 21, 2024 2:56am
- Joined Nov 2008 | Status: Trader | 50,206 Posts
EurGbp Daily Jul 19 New York Close
- if you see this as a reversal, then check the Weekly and Monthly
Daily Big Picture
- last week was a bounce at Monthly support and weekly WCC Low
- we can of course target WCC high for our buy target
or
- for intraday, we have the ADR high for day targets
Friday Jul 19 did not reach ADR High,
...
- if you see this as a reversal, then check the Weekly and Monthly
Daily Big Picture
- last week was a bounce at Monthly support and weekly WCC Low
- we can of course target WCC high for our buy target
or
- for intraday, we have the ADR high for day targets
Friday Jul 19 did not reach ADR High,
...
Honesty is a very expensive gift. You wont find it in cheap people.WBuffett
- #147,417
- Jul 21, 2024 3:16am Jul 21, 2024 3:16am
- Joined Nov 2008 | Status: Trader | 50,206 Posts
EurGbp Daily Jul 19 New York Close - if you see this as a reversal, then check the Weekly and Monthly {image} Daily Big Picture - last week was a bounce at Monthly support and weekly WCC Low - we can of course target WCC high for our buy target or - for intraday, we have the ADR high for day targets {image} Friday Jul 19 did not reach ADR High, {image} ...
EurGbp Jul19 H4 closed with Inside Bar candle,
most likely gap down when New York Sunday opens at 5pm today.
Next week would be the same approach using TMS_V19 EA and look for Price Action trade setups in H1, M30 and M15.
When the 4Hr HA price action is above its 5EMA, we look for PA buy setups in lower TFs.
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Honesty is a very expensive gift. You wont find it in cheap people.WBuffett
- #147,419
- Jul 21, 2024 6:40pm Jul 21, 2024 6:40pm
- Joined Nov 2008 | Status: Trader | 50,206 Posts
{quote} EURGBP now may be in the Elliot correction phase. Both TDI and Price action confirm a swing high at the end of Wave 5. It seems like a nice shot though. {image}
Very Good. Taken notes of.
Some waves may look more complex than looking at simple price swings.
"How the Wave Principle can Improve Your Trading"
Ultimate Technical Analysis Handbook:
here is a good study material by Jeffrey Kennedy, Elliot Wave International.
if you are looking at the price swings and both Stochastics and Traders_Dynamic_Index, then the channelling technique is mentioned in there amongst other good stuff which you can adopt in your trading made simple trading system development.
Don't just read it. Use this as one of your reference resources in your learning journey.
Study it and turn them into ideas how you would trade with them...with TMS 5-Method.
click to download <download>
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Honesty is a very expensive gift. You wont find it in cheap people.WBuffett
- #147,420
- Jul 21, 2024 6:45pm Jul 21, 2024 6:45pm
- Joined Nov 2008 | Status: Trader | 50,206 Posts
XAU July 21. Sunday New York 5pm open
- market reaction to the news .. Biden drops out.
- follow US Markets this week
> wait for the next 4Hr trade window,
> from day trading to swing trading ... LTF entry to HTF swing,
...
...
- market reaction to the news .. Biden drops out.
- follow US Markets this week
> wait for the next 4Hr trade window,
> from day trading to swing trading ... LTF entry to HTF swing,
...
...
Honesty is a very expensive gift. You wont find it in cheap people.WBuffett