Hello everyone, I am a newbie here and I'm looking for the best way to approach this. This thread seems too long to read from scratch. Could anyone please suggest a way to follow it?
DE40 Mar 04 London 10am - price action M5 momentum close the 1Hr - 235 {image} ...
AUDUSD Mar 05 Tokyo 12pm - Daily big candle and small candle ... sideways market type conditions - Trend 2/8 is blue ... sideways - note the Daily candles ... the upper wick and lower wick, are buyers in control or sellers in control ? - IF we trade today, shall we follow buyers or sellers ? {image} ...
I prefer to trade the 4hr charts at night. My broker posts new 4 hr candles at 10pm my time (Pacific), 2am my time and 6am my time. My page when I open up my charts has 8 open charts. I just glance at the TDI for set ups when the new candle opens... If I see a set up... green just crossing red I'll take the trade, turn off the puter and go to bed. Four hours later (1:50am) my alarm goes off for the new candles and I take a peek... if I see a new set up I'll enter and go back to bed with the last alarm at 5:50am my time. I close all trades at that...
{quote} BTC Mar10 H1 Tokyo 9am - waiting for a possible breakout {image}
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{quote} Finally a system that doesn’t make you stare at the screen all day. 1hr/4hr charts are perfect!
I prefer to trade the 4hr charts at night. My broker posts new 4 hr candles at 10pm my time (Pacific), 2am my time and 6am my time. My page when I open up my charts has 8 open charts. I just glance at the TDI for set ups when the new candle opens... If I see a set up... green just crossing red I'll take the trade, turn off the puter and go to bed. Four hours later (1:50am) my alarm goes off for the new candles and I take a peek... if I see a new set up I'll enter and go back to bed with the last alarm at 5:50am my time. I close all trades at that...
{quote} BTC Mar 10 H1 Tokyo 10am UPDATE: - RSI price line slope 6.8 is good MOMENTUM ... - BUT the risk is H1 is still in consolidation... note the Master Candle {image} > do you have a trade plan and to mitigate the risk ? ... {image}
{quote} BTC Mar10 breakout trades closed. {image} IF you missed the breakout, wait for the next trade set-up. BTC 1Hr London 6am ... in consolidation again ... double Master Candles, - look for trades in M5 {image} ...
Here is today's example where you need to wait for this candle to close and the next candle ... and the next candles EURNZD Mar 10 1Hr London 6am {image} If you do not understand why, then you have not read the OP' posts and taken notes of his charts. Go back to post #8906 and study that post and chart. Take notes of the Price Action and the Stochastics price behaviour.
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{quote} EURNZD Mar10 H1 London 10am - IF price action vs Stochastics DIVERGENCE is in your 'game plan', - this is good {image} {image} ...
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