Disliked{quote} Long way from death - possibly on life support but still alive and kicking GA is definitely sideways right now. The 21 EMA is holding on well as a dynamic support, however, RSI and TDI both show a downward tendancy. Possible break of recent Fractal Low would be a great confirmation. Break and close blow the EMA 21 would be even beetterer {image}Ignored
Good simple method don't die. Good traders + good old simple method will make this thread go on and on.
It is up to members who trade TMS on D chart to post their trades for sharing and to discuss here.
GBPAUD - allow me to add my chart and thoughts here on what I see.
3 month bullish rally ended in June. This month July is critical month as corporate 2Q corporate results are known and will be out in this month. Big companies know how well they did in 2Q. ... so they will report soon.
A 50% correction of June rally will yield a good 300pips trade if we find a good LTF entry or we wait for the correction to happen then see if the bullish rally continues.
Good Trading TMS folks.
Honesty is a very expensive gift. You wont find it in cheap people.WBuffett