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

Hi Sunshine, thanks,will like to add cadjpy in addition to euraud and eurjpy

okey dokey timilehin, so now we have:

1. EURAUD,
2. USDJPY,
3. AUDUSD,
4. CADJPY
5. edit: missed out EURJPY

​is that it ?

ok, guys, this is what the trading screen looks like, 4 pairs n a row with another one hiding.
my actual trading screen looks similar.
...the bottom histogram indicator, OSMA, i added because i like it, u may add any bottom panel indicator u like, it does have a function apart from not making the individual screens too long & rectangular. mt4 comes prepackaged with this indicator, so no need to ask for it, it's already there in mt4.
...the dotted blue line is just the 20b ema {20ema}, for the new traders...this ema is also standard issue with mt4.
...the time u see in the bottom left corner of each chart is just the time remaining before the bar closes.
...the pairs that closed last month with an up bar is green, and the pairs that are blue are the month of March that closed down. i use this colour code to keep my trading bias in focus.

ok, almost time for our first entry.
this is what the screen looks like.

plenty red news tomorrow of which the EUR, the USD & the CAD is in some of our pairs...we make a note of it.

Looks good - ready to go

entry signals on all pairs were given yesterday, so we are one bar and several pips late with our entries, however, we will take the trades with SL's in place.

the green arrows on the charts are fm signals.
the fm signal of USDJPY failed to follow thru. that failure was our buy signal yesterday.
it's past my bedtime

Attached Image (click to enlarge)

...and the remaining pair.

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all of today's entries are underwater. they may halt their retracements and reverse in our bias or they may all get stopped-out, accept that fact and move on.

tips & tricks of the trade: {ttot}

1. look for an fm signal in 4hrs that corresponds to the last the Wkly bar colour, so if last week closed up and we get an bullish fm signal in 4hrs, we buy.
2. do the same in the hourly tf, but this time the fm signal must confirm yesterdays direction.
3. take your pick for stacking...either 1hr or 4hrs or both fm signals.
4. all this assumes that we got access to our trading stations during the working day. if we don't have access than do nothing because later when we come home then we can check.
5. keep in mind the market manipulators releases for today.

​below is a snapshot of the 4hrs CADJPY pair retracement that's currently underway, no NLCU [NewLowClosedUp] in sight, so we wait for that fm signal to appear before we stack.
offcourse if it does not appear than we take no action.

different tf's. i'm posting this chart to show what i'm seeing.

USDJPY 4hrs has its LSL signal confirmed nicely.

what do i want to say ???
...i'm saying maybe we will get fm sinals in the hourly soon, which means stacking is in order...we will reduce our trade size to the minimum bcz all trades are still underwater, but should the stacking bar form then entries are permitted.
...still about 20mins to go before the 1hr bar close.

Attached Image (click to enlarge)

stacking completed.

...i'm signing out now, duty calls.
stacking 1hr chart...stacking can also be done the same way in 4hrs.

There is also possibility to buy/stack on AUD/USD after completion of +fm signal at 4h chart.

yes, your understanding of stacking and/or entry is spot-on. keep going !!!
please see the charts below for more trading.

more remarks are on the charts.

Attached Image (click to enlarge)

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why so quiet ? is no one seeing stacking opportunities ?
if u do see it then post it ?

hi Sunshine,
bought eurjpy,needed clarification on the logic behind stacking

Today I was paying attention only to AUD/USD so nothing more to do on this pair. On 4h there is a double top and if price will break out downwards from range then I will try to close my today`s position on small loss.

hi timilehin
of the 5 pairs only 2 are not showing momentum and they are: EURJPY & AUDUSD

...the logic behind stacking is as follows: Daily tf:

1. we want to enter as many positions as possible when price starts to move. this is done via stacking/pyramiding.
2. we don't have to stack. if you prefer then just have one position open in one pair.

​different stacking strategies:

1. there are several ways to stack: one of them is to buy everyday at the end of the day [on our trading platform] as long as price moves up.
2. or we can add in the lower intraday tf's such as the hourly or 4hr as i have shown above and several times before. [please study the price patterns that i have shown there.]
3. how do we add or stack ? ideally; price makes a NLCU around the time of the LO, this is easier seen on the 1hr tf. we do not know if that will be the low of the day, we only play the odds... bcz historically, price tends to reverse when the most liquid fx market open for trading in the new day.
4. or we can stack after the 1st 4hr bar closes after LO.
5. or we can stack at the end of every daily bar as long as price continues to move in our trade direction. so stacking every day at the close will give us 5 open trades in one pair.
6. price usually but not always retrace before it resumes its daily trend. say someone wants to jump up from a standing position, he needs to go lower before he can jump, like bend his knees, move his arms down and backwards as an aid in gaining momentum, just like that price needs to move down before moving up.
7. this usually happens around the time of the London Open.
8. now around that time we drop down to the 1hr and wait for an indication that the slide has paused and is ready to move up again to resumes its prior daily upward trend. [i'm repeating some]
9. if u are not comfortable with stacking then leave it be.

yes i see that.
...checkout my 4hrs chart below.
...i drew the LSH so if price closes below that then u can short if u wish and keep your buy open, as for me i will keep my Dly SL.
...should u decide to short then SL can be placed above that TT highs.

Attached Image

4 new daily buys entered on all except EURJPY, still holding yesterdays buy though.
SL's moved.

I didnt close my yesterday`s position on AUDUSD and added another buy. So basicly I have 3 positions in very tight area so my plan is to stop stacking until upward breakout.

EURJPY 4hr charts:

comparing 4hr bars of 2 brokers that uses end-of-day close.
...the 2nd chart is the broker that has Sunday bar but that sunday bar is only 3hrs of trading... my point is this ... just trade whatever signals u get from your broker, it doesn't really matter in the end which brokers bar close when.
i am only posting these 2 x 4hr charts to illustrate that while one broker may gave an entry signal, another one may not have that signal... so don't sweat, trade your own signals.
...look the time remaining before the 4hr bar closes...check the bottom lefthand corner of each chart.

...lastly, a long in EURJPY could be setting up, too early yet...just a heads-up.

i am very bulish on this pair,

WHY ???...take a look at the current monthly bar

1. there are 7 trading days left for this month of April,
2. now please look at the structure of this current month, can we all see that immensely long BT (bottoming Tail) ?
3. that tail tells me a very bullish story, ...
4. now checkout how last Week closed ? uP, isn't it ?
5. SO ? what to do ???
6. i intend taking only longs from now on with an eye on the Mthly close... should it close up then longs will rule and i will favour this pair until price forms a different pattern or start to range in Dly.
7. in other words, my bullish bias could change to strong bullish depending which way the month of April closes.

​