DislikedI think a valid 35/50 touch for GY is at hand now.
update: It won't be a good touch trade by the rule.Ignored
DislikedPossible USDCAD H1 Constrainment to SHORT
H1: Constrained by 10EMA, Strong downtrend (Parallel 35/50)
H4: Strong downtrend, price below 35, 50 and 10
D1: Strong downtrend, price below 35, 50 and 10
The setup is there, I will wait to see 3 or 4 H1 bars clearly constrained by 10EMA before SHORTING.
Target could be near Daily S1 at 0.9452Ignored
What do you mean when you refering constrained by H1 10 EMA? I see the last 3 or 4 bars are supported by the H1 10 ema, the 10 ma under these bar.)…Ignored
DislikedWhat's the trigger for you to go short?Ignored
DislikedIt look like price is at the lowest point, also round number, after a sharp drop in last session. At least for me, I am quite caustious of short at the bottom. On the other hand, these crosses are quite often make unexpected move at ongoing direction.Ignored
DislikedAs I understand, a Bar is constrained when the price touches or passes the MA and then closes at the MA or just below (I say below for SHORTS, obviously the opposite works for LONGS). “Pin shaped” bars with small bodies are preferred in this constrainment trades, but that is not an absolute must. A couple of H1 bars like that and I say that the H1 is being constrained by the MA.
My trigger is a small body PinBar perfectly constrained by the 10EMA. This should be a must for triggers, but I have to admit that some times I just enter the trade when...Ignored
Dislikedjust a reminder for EU and GU, we are very close to the highs of the last swing. so watch it.Ignored
DislikedAU M15 MA 35...??Ignored
DislikedAs a touch? No, because it broke the 15 pip rule.
Also to add, it took a lot of bars to get there and from what I read in the old dance thread, the bars are being scooped up and eclayf did comment he wont take the touch in that scenario.Ignored
DislikedUnfortunately this area brokeIgnored