Hi,
Good Morning to ALL.
New week, new opportunities... are you ready?
like to keep things simple few words.... quoting sonicdeejay previous posts e.g. #9733
“..Below 89 EMA and below dragon...
I will look for short entry ..only..”
What I see on H4 is composite USD show some toppisch resistance and slightly stronger USD, but this can change very quickly this week. Market is dynamic and random as I learned.
So this week I favour more ...
SELL AUDUSD,EURUSD,GBPUSD
BUY USDCHF, USDCAD.
But right now, I look for market to correct itself before making any decision.
As sonicdeejay said many times in his posts: “...we as traders are either Pro-USD or anti-USD..”
So I would not long AUDUSD and SHORT EURUSD last week, especially on Friday 20 Jul.
However, there are exception to the rule.
Sonicdeejay also said: “..we need to be choosy when we look for setups..”
Try stay out of Asian session unless you are already holding on to profitabale trades and see PA opportunity to add. Be choosy with the setups you see. I put weight on some setups and not all setups are equal. PA still rule the game here. EMA34/89 give us the simplicity.
Good Trading to ALL!
Good Morning to ALL.
New week, new opportunities... are you ready?
like to keep things simple few words.... quoting sonicdeejay previous posts e.g. #9733
“..Below 89 EMA and below dragon...
I will look for short entry ..only..”
What I see on H4 is composite USD show some toppisch resistance and slightly stronger USD, but this can change very quickly this week. Market is dynamic and random as I learned.
So this week I favour more ...
SELL AUDUSD,EURUSD,GBPUSD
BUY USDCHF, USDCAD.
But right now, I look for market to correct itself before making any decision.
As sonicdeejay said many times in his posts: “...we as traders are either Pro-USD or anti-USD..”
So I would not long AUDUSD and SHORT EURUSD last week, especially on Friday 20 Jul.
However, there are exception to the rule.
Sonicdeejay also said: “..we need to be choosy when we look for setups..”
Try stay out of Asian session unless you are already holding on to profitabale trades and see PA opportunity to add. Be choosy with the setups you see. I put weight on some setups and not all setups are equal. PA still rule the game here. EMA34/89 give us the simplicity.
Good Trading to ALL!
Honesty is a very expensive gift. You wont find it in cheap people.WBuffett