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

1. ...the M is dwn so short entry signals are taken of the Dly trading chart.
2. ...i can see no change in the trend at this time so shorts rule.

1. if u trade the; ​Wkly+4hrs is Up but the last buy signal off 4hrs was just negated by the last 4hr -brb, so shorts rule
2. infact, a 4hr short entry is good according to our method.
3. note: the closed below its LSL a while ago, more or less at the area of my top most short.

​SUMMARY: shorts rule in M+D & W+4hrs combo's

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1. it shows a Monthly chart that has bullish bias for trade purposes
2. a Daily chart that has 2 short white horizontal lines on it, one at the top that indicates where Dly price closed below its LSL, thus permitting to short which basically means a counter trend trade... and the 2nd one at the bottom shows yesterdays close above a LSH, which now means a return to a bullish bias... buys rules in Dly.
3. but what i really want to show is how to trade a chart by itself, without reference to any higher timeframe or any other tf for that matter. So, check-out the 4hr chart.

​the 4hr chart: trading it as a stand-alone, no checking higher or lower tf's:

1. i marked all the -brb's. they are our short entries, or
2. if we are already in a short trade then they are stacking & pyramiding entries.
3. there are 11 of them should u be awake at that times to take them all, we know that we have to sleep or won't be around at every 4hr bar close so those 11 signals represent the ideal.
4. the X's are normal entries. the down arrows are -fm signal entries.
5. we stop taking shorts when price makes a LSH and the after one or more bars proceed to close above that. this is the 1st buy entry signal
6. SL is visible on the chart. when u take this buy entry then be prepared to take a loss should the 4hr down-trend resumes and continue.
7. the very top left-hand side of the chart shows 2 beautiful short signals...what are they ? [1] the NHclsed dwn & [2] the LSL when price closed below. from that point onwards our 4hr trade bias is short only.
8. more info is written on the chart itself. i do hope that these charts provides some clearup some cobwebs, fog & confusion. should u or anyone else still have a question then please feel free to ask. i may not answer the same day but i wll get around to it eventually, God Willing.

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yes i did and thank u for your question, it clears up a major point for me as far as your understanding goes...

1. i want u to look at the colour of the last monthly bar/candle that closed please ....
2. what colour is that month that just closed ??? we are looking at the month of March as we are now in the month of April.
3. it is red isn't it ? or said differently:: the month of March closed Down, right ?
4. so now we switch to our Daily chart and look for -brb's which will be our short entry signals, correct ?[Mthly=dwn then in Dly we short after bearish reversal bars]
5. that is it !!! very simple !!!
6. the LSH & LSL's we use in the lower entry signal timeframe which in this case is the Daily tf.
7. please draw your LSH's & LSL's on the Daily chart if u are using the M+D combo, NOT on the Trend Indicator Monthly chart.

​clear now ? if not, then i apologise for my insufficient explanation and i will try again by way of a different route.

1. moved down all sell trades SL's to lock-in gains.
2. 1st buy entry when price closed above LSH as can be seen on the 4hr chart.
3. SL placed but maybe much too close because red news of the CAD manipulators are due later today.
4. prior closed shorting gains also visible on 4hr chart.
5. edit: forgot to point out the buy loss that was entered after the 3rd daily bar of the month (see the blue buy arrow on the bar). Price did not close above that LSH... that buy trade was entered because the prior red bar was -fm signal in a downtrend...a very powerful sell signal...so when that powerful signal failed, i naturally went long, but that buy did not produce follow-on momentum, so back to the basics, keep on shorting. hope this explanation of my thought processes is helpful.

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1. 5,000
2. 3,000 or
3. 1,000

​then i would recommend that once u found a method and strategy that fit your lifestyle and time AND that u really believe to start trading it

1. beginning with the smallest trade size possible, 0.01: if u start here then a 100 pip or 300 pip SL won't bother u.. but if your account size is $1,000 and your trade size is 0.1 then u will not sleep comfortably bcz 100 pip SL will mean a $100 or $300 loss. multiply that by say 5 open trades each showing a $100 loss and you're out of the game mentally. fear now enters and your vocabulary will reflect it: such as:: i grabbed a few pips here and grab a few pips there.
2. this method is not about grabbing anything, we aim to get the trend, whatever that trend is...Dly or 4hrs or intraday, etc. in the Dly tf we aim for hundreds and 1,000's of pips, and our trades will be Stopped out by a Dly spike or price reversal.
3. do this for at least 3 months on 1 to 4 pairs.
4. say u chose Daily tf; did i take all the entry signals when they appeared ?
5. did i stack after every day that confirmed or closed in my trade direction ?
6. did i move the Stops to above yesterdays high for shorts and below yesterdays low for longs until a price spike or a price reversal closed all my open trades ?
7. did i follow my strategy irrespective of what this "expert" or that "guru" said ?
8. or did i go to the various threads dedicated to my chosen trading pairs looking for some consensus on my trade direction ?
9. now after 3mths evaluate and take stock of your equity... did it grow ? if not ? what was the reason ? is your chosen pair ranging ?
10. if yes, the equity grew AND u followed your strategy, then u may increase your trade size BUT only if u felt comfortable with so many open positions.​
11. how do i stack...? u asked...please look at the entry positions below... note that short entries was after another red bar completed.
12. or when price moved below yesterdays low.
13. NOTE the current SL's of all short open trades... the yellow dotted lines. i'm not prepared to loose all that gains.

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1. to open a demo account with Pepperstone unless u want me to use a different broker.
2. trade only 1 (or 2 pairs ) exclusively unless more traders wants to follow along then each one of them can pick their own pair or commodity or Dow, etc.
3. i take it your 1st choice pair will be EURAUD and 2nd choice EURJPY ? correct ?
4. trade only the Daily timeframe
5. post the charts each day showing entry and SL and stacking and win or loss.
6. sometimes my entries will be late because that maybe when i opened the trading station but i will enter nevertheless bcz that is what i will do in reality.

...​any suggestion & request from you or any other interested traders is welcome.

i think Pepperstone demo has a trial period of 30 days so if u want a continues month to month follow-on then we have to select a different broker that has a non-expiring demo...any suggestions ?
...or u can open a demo account of your choice then "pm" me the login & password...that way u have the investor password and can login and monitor along.

so what do u think ?
are there any other traders that wants their pair included ?

1. EURAUD,
2. maybe EURJPY for timilehin ??? i'm not sure so we will wait until you gives us your preferred pair or if your favourite pair is the same as Alert's then u can give your 2nd choice.
3. ​any more traders have requests for their pairs to be included ?

​most entries should be when the daily bar of the selected trading platform closes but sometimes we may also enter positions during the day, especially after red news events or when maybe a favourable 4hr or 1hr bar give an entry signal...which basically means; the 1hr or 4hr tf's.
these entries will only be made if i'm present at that time when the lower tf's fire-off an entry.