When Price is UP, buy; when Price is Down, sell short...

yes, correct...also just in case u missed how the monthly closed, i present the 2 combinations with their 2 charts each, namely; the M+D combo & the W+4hrs combo.

please checkout the combo charts below.

1. now take a look at where on the Monthly candle the entry is that was taken off the Daily signal... beautiful isn't it ? right at the very beginning of the monthly candle,
2. do the same with Weekly and 4hr combo charts. the 4hr buy signal entry is on the wick of the Weekly candle... is it not a beautiful spot to be with one's trade.
3. again, i do hope u find value here.

​

hello traders,
it is still very early in the trading day but i thought to draw attention to a possible trend change in the Dly tf of the EURCAD, chart to follow. i intend closing out those two shorts should price close above that LSH {that is marked on the chart} and buy.
the nearby bearish fm signal that failed to follow thru sufficiently adds to my caution on further sells.
similar chart patterns are appearing on several other pairs, if u like check them out...some up some down. most Yen pairs included.

red news for GBP today.

for those traders that trade the 4hrs, u should be in +20 pips gain already bcz the 4hrs closed above its LSH long time ago.

Hi Sunshine
Thanks for the effort you have given in your explanation. It is really appreciated.
Regards
Kev

you're welcome kevin
did u notice what price pattern yesterdays price action fomed ?
i took the short with SL above its high.

very busy red news scheduled for today, in the forenoon we the GBP then when the 2 Americas' continents open we have the north american dollars of USD & CAD & when they wind down for the day, then its the other dollars turn from New Zealand, NZDUSD.

USDZAR showing current open positions, also visible on the Dly chart are 2 recent losses & 2 recent gains. average dly range is an effective +250 pips.

EURCAD for today ???

ok, so who enter buys and who does not believe the LSH buy signal and who thinks or feel that the pair will turn around and drop today ???
..anything is possible isn't it ?

Hi Sunshine
I,m new to your method, but what I see is although the weekly trend was down for last week, the USD/CAD is in a strong uptrend. It is sitting on the SMA/20 and just on the weekly trend line. the red news for cad is 30 mins before the oil inventories which is also red, normally if one goes up the other will go down. My thoughts are seeing as oil went down 200 pips yesterday and USD/CAD went up around 150 pips. if this week ends up Bullish for the USD/CAD it will return to its bulish trend and we will be looking at buys on the four hour chart.
Hope this makes sense, just trying to give back a little to the enormous effort you are making with this thread.

Regards
Kev

hello kevin,
thank you for keen observation.

i present the 2 charts u mentioned with the new dynamics after price action of last week and 2 days of this new week.
as you know, last month, february, closed up for Oil and down for USDCAD, therefore accordingly, we are looking for a sell signal (bearish reversal bar) on the Loonie and for a bullish reversal bar buy signal on Oil...but yesterday USDCAD closed above its LSH (white line on chart) which now means a (temporary) trend change in the signal tf chart, so according to my method which is trend Following, we want to follow that temporary uptrend...so our bias in the Daily now switched to buys. see the buy on the chart.

for OIL, just reverse the above reasoning because yesterday price closed below its LSH which now permits short sell trades.

however, be careful because lots of manipulating news for the CAD & OIL are scheduled for today and the insiders take advantage of this by running stops, so i advise to:

1. stay out or
2. reduce your trade size and
3. watch your SL placement.

edit: ​on the charts one can see the short trades on Loonie and the buy trade on Oil that resulted in losses. i just follow the signals, losses comes with the territory, i only make sure that i can afford them comfortably.

lots of red news today: GBP, USD, CAD and also for Oil later in the day.

GBPUSD & EURUSD & GBPJPY.
the GBPUSD & the GBPJPY shorts were off the M+D bias which is still down {last month closed down !}
whereas the close of the EURUSD produced a buy bias for this month.

below are some open trades of which some are in a loss and others are in a gain in the same pair i have shorts and buys. i am not closing any of them as i do not know which way price will go especially today with all this market moving news being scheduled for release.
the buys were entered on a valid signal, the same as the shorts, so i will let it play out then stack accordingly.

ok, price reversed and stopped out those shorts, however, i followed the hint of price and reversed my bias to that of long mode as can be seen by the trades on the charts below.
the arrows highlight important price bars, at least to me, they tell me a clear story, so i listen and i obey...no arguments...no 2nd guessing...just follow my trading plan.
in anticipation of continues bullish sentiment i entered buy stops and limit buys... as can be seen.

a similar BT (Bottoming Tail) signal was produced yesterday on the GBPAUD.
so in anticipation of a follow-thru on that bullish signal, i have closed the most recent short for small gain and tightened up the SL on all the remaining shorts.

the green arrows on the chart indicates the fm signal.

1. this signal is basically a Topping Tail (TT) signal that closed down
2. said differently; price made a new high then closed down thus producing a red or down bar.
3. this is what i call, "free money" (fm) signal because it is formed in a down trend.
4. and it is green bcz M+D= down bias for this month

to acknowledge that +brb BT signal, a buy was entered as can be seen on the chart.

this is how the day turned out for the GBPAUD trades...
price proceeded to close up on friday, thereby taking out my SL's on the short trades and a BuyStop that was located above Thursdays high, making it 2 long trades still in play but no shorts.

Closed positions on this pair for the month of March:

 

1. 6 shorts and 1 long,
2. all shorts got stopped out for 5,170 pips in gains.
3. deduct the buy entered on 26 Feb and stopped-out for a loss of 112 pips on 2 March, leaves a net gain this month of 5,058 pips.

​2 Open trades which may result in a loss or a gain are also visible on the Daily chart,
...compare with Friday mornings chart and one can see that the initial SL of the 1st buy was brought up close, maybe it is too close.

let's re-visit some shares in their Weekly timeframe, it has been been a while since their signals were last posted.
a few comments accompany some of the charts while on the other charts the signals and direction of price speak for themselves.

first up is Amazon:

1. a reversal signal formed indicating the end of the up retracement and a resumption of the Down trend.
2. should this powerful sell signal fails next week then buys rule, but for now...shorts rule.

Walmart has formed a similar signal but its formation is much weaker than Amazon.​ the comments above applies to it as well.
​

next up we have the commodity shares of ExxonMobil and SilverWheaton.

1. ​lovely powerful reversal bar formed on ExxonMobil forecasting continued rise in price and presenting a good buy zone.
2. SilverWheaton just shows the squeeze is on for the "relic, barbarous" crowd by its relentless upwards move. i think we may expect a breather week or 3 before it continues up again, but until then, buys rule.

​

Proctor&Gamble and Caterpillar shows good buy signals for continued rise in price.

Attached Image (click to enlarge)

lastly, WesternDigital and Tesla...same story here, upward movement continues.