TEB: Daily Strength/Weakness Trading

will it break the Demand Zone or hold
volume is not promising
but back ground bars are very strong to the down

Closing down trades
I have a big positional trades on the EurUsd so small trades today.
I was with family and so was using my smart phone which I do not normally use
and I must have hit a wrong bottom and closed one lot wrongly oh well it was not at a loss lol

I am going to try and cut down on my study time next week
1st I will find the pairs most out of balance (they have to be 3 combined or more from top chart)
​B is Over Bought & S is Over Sold
This may be all I need to do to trade on the 4 hour -1 hour - 15 min- 3 min (need 3 consecutive in a line to trade)
2nd I may still use the week, day, 4 hour and 1 hour as back ground (2nd chart)
The number is the strength/weakness and the letters is the last significant bar in that time frame

worth a watch

Boy crazy swings -
with the swings in the market so high the rebound when markets close are killers
- I am closing every thing down - just ok today

New Goal
1. 2% a day
2. Only do VSA
3. trade mostly (90%) on the 1 and 4 hour charts​

yesterday all kind of trades this morning only one - I missed a lot of moves at 1st London open

closed out for a small win could not find a trade looks like we may have some now

sleep in late to the party

teb

sl & tp

only the 1st trade was with this system

hi Mark - keep it simple - I had a great week esp the end ​

Hey TEB,

I don't know if you are still around, I just wanted to say in the end I went with your style of trading, and the last 3 weeks were quite good. Still have to get the feeling of strength/weakness, but it keeps guiding me to the big movers of the day pretty often.

Mostly I take ND/NS signals after the break of a support/resistance on the chosen pairs. I also put big emphasys on the breaks of retracement channels, so the trend is ready to continue.

I choose pairs for the day by doing strength/weakness analysis, I use the 50SMA on H4 of all combination of the 8 major currencies, bundle the results together before trading, or the night before, then I focus on trading the strongest ones with the weakest ones. I also analyse more precisely above S/W about 12 pairs every day, the most traded ones, and also gold, oil and SP500.

I don't know how private do you want to keep this thread of yours, if it is okay for you, I'd post some trades in it aswell.

Regards
Darastonius