Setup on the M15 looks to be on the way soon
Tracking the Specialists.
Hi Connected,
I should clarify; there isn't a setup yet, but there looks to be one on the way in the near future. On the M15, price has dropped well below the M15 lower band. As soon as we get a blue candle close, and as long as the slope indicator is also in our favour, I would take that as a setup.
Bear in mind that I am still new to this method, but going by the rules on the first page, this looks like it could turn into a good setup in the near future.
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- #7,104
- Mar 26, 2012 3:53am Mar 26, 2012 3:53am
Hi Connected,
I should clarify; there isn't a setup yet, but there looks to be one on the way in the near future. On the M15, price has dropped well below the M15 lower band. As soon as we get a blue candle close, and as long as the slope indicator is also in our favour, I would take that as a setup.
Bear in mind that I am still new to this method, but going by the rules on the first page, this looks like it could turn into a good setup in the near future.
Thanks for your explanation
Tracking the Specialists.
I would rather say that eur/usd will touch H1 band then correct and then fall to H4 band (I hope so
Anything is possible! To be fair, I'm more inclined to take this trade on the G/U, as there was just a large news release on the Euro. Being that it was slightly positive (But only slightly), it's hard to know what will happen, hence my plan to take this setup on Cable (Assuming it appears!)
In boxing, all the champion's results are visible. In forex, talk is cheap.
- #7,107
- Mar 26, 2012 3:56am Mar 26, 2012 3:56am
- Joined Aug 2011 | Status: Trader | 4,928 Posts
I would rather say that eur/usd will touch H1 band then correct and then fall to H4 band (I hope so
Observation is the path to discovery.
No problems. Like I said, I'm still new to this approach, so I hope my opinion is at least a little bit accurate. As I just said in my post to Penet, I'm not sure I would actually take this trade on the E/U, as there was just a large news release on the Euro (Some may have noticed that weird little spike the on E/G). Being that I don't like trading news releases, I will most likely look to take this same setup on the G/U.
Hopefully I'm not being too confusing!
In boxing, all the champion's results are visible. In forex, talk is cheap.
- #7,109
- Mar 26, 2012 3:57am Mar 26, 2012 3:57am
- Joined Aug 2011 | Status: Trader | 4,928 Posts
same setup in gpbusd H15
Observation is the path to discovery.
Hi Al,
If the E/U or G/U were to make that move, do you think there would still be enough gas in the M15 move to take some pips? I'm very interested to see how your system works under these conditions.
I'm very curios me too to see if there is a correction in M15.. i'm trying to understand MTF analysis...
In boxing, all the champion's results are visible. In forex, talk is cheap.
usually i trade H4/D1
- #7,119
- Mar 26, 2012 4:55am Mar 26, 2012 4:55am
- Joined Aug 2011 | Status: Trader | 4,928 Posts
Observation is the path to discovery.
i'm with you...
Last week, I took a trade like this, but I took it on the E/U rather than the G/U. On that tradem both were profitable, but the G/U About twice as much. This time I am in on the G/U, but I'm starting to think the E/U is going to be more healthy!
In boxing, all the champion's results are visible. In forex, talk is cheap.