DislikedMy first post. Went short on eur/jpy, entered at start of second candle. Reasons being good RTI cross angle, big round number above 136.000 which already got through, support to 135.500, both markets open so movement and no news due on either. Red RTI is pointing in direction of trade which helps and EMA sloping. Euro isn't so good either. Cons - stoch angle not so good! Also first candle not so good but at least larger wick in direction of trade. No perfect set up so will go to break even +1 asap. {image}Ignored
That is a A+++ H1 setup since the higher TF H4 price action shows a bearish reversal pattern with TDI confirm. that first price candle is very strong bearish momentum and is the breakout candle of the recent consolidation.
BTW, your chart looks like you are using the standard HeikenAshi and not the Average Price Bar. Which platform is your chart?
Stochastics angle is not one of the criteria for TMS setup. The PA + TDI angle is important.
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