What I understand is when NY opens, if its a strong candle, then use your forex knowledge to enter the trade. If its not a strong candle, then wait for the close of that candle, and enter on 2nd candle. I for one am waiting until the top of the hour to enter, or not enter if it is not a strong indication. Looks to me like my entry will be long, HOWEVER, I await the candle close to confirm.
Hope that helps
Leona
f3iyun:are you saying that we should monitor the current H1 candle first and trade on the next H1 candle? Just wish to clarify this portion. Thank you =)
X-Man, Congrats on starting your own thread....I have been away for a bit, but will watch to see how it goes. Best of luck, fill that wheelbarrow up!!!!
hmmm.. just my second thought ..
if the candle is bull with longer body than previous , maybe long.
but if the candle is bull with shorter body than previous (or became bear candle), it maybe short.
What I understand is when NY opens, if its a strong candle, then use your forex knowledge to enter the trade. If its not a strong candle, then wait for the close of that candle, and enter on 2nd candle. I for one am waiting until the top of the hour to enter, or not enter if it is not a strong indication. Looks to me like my entry will be long, HOWEVER, I await the candle close to confirm.
Hope that helps
Leona
[=f3iyun;5173023]are you saying that we should monitor the current H1 candle first and trade on the next...
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y... reason why this strategy works.. coz in these sessions.. at start flow in very, very much money... and money moves pips.. we just need jump in right direction.
hmmm.. just my second thought ..
if the candle is bull with longer body than previous , maybe long.
but if the candle is bull with shorter body than previous (or became bear candle), it maybe short.
Ignored
I ll jump in only, when i ll see clear predominance.
Okay Leona and Raa! Thank you very much for the detailed explanation. I just wish to clarify another matter. Even if we see a bull candle nw, shouldn't we wait for green TDI to cross above red TDI before making an entry? If we are suppose to wait for green tdi to cross above red tdi, the entry should be based on the next H1 candle?
"If buyers and sellers were perfectly balanced, there would be no price movement. Where there are more buyers than sellers, prices move up, and where there are more sellers than buyers, prices move down."
Don't be sorry for your questions, our answering them cements the strategy within us, or causes us to rethink -- its all good.
As for the question, I am unsure of what you are asking.
If a candle that is forming appears to be bull, wait for the candle close to confirm it -- and yes, use TDI.
Hope that helps
Leona
Okay Leona and Raa! Thank you very much for the detailed explanation. I just wish to clarify another matter. Even if we see a bull candle nw, shouldn't we wait for green TDI to cross above red TDI before making an entry? If we are suppose to wait for green tdi to cross above red tdi, the entry should be based on the next H1 candle?
What I understand, when the price swings back from the extreme, if all other conditions are met, then enter the trade with confidence.
Hope that helps
Leona
Don't be sorry for your questions, our answering them cements the strategy within us, or causes us to rethink -- its all good.
As for the question, I am unsure of what you are asking.
If a candle that is forming appears to be bull, wait for the candle close to confirm it -- and yes, use TDI.
Hope that helps
Leona
Ignored
Thank you Leona for answering the question! Assuming previous candle in E/U H1 is bull, and TDI green has cross above red line. Its quite safe to wait for a good bull entry for E/U pair now?
