The same situation with USD/CHF. Is going to long in 4H but weekly is down.
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DislikedI am out in USD/CHF. All today's opened positions are working bad. I hope that tendency will change.Ignored
DislikedI am thinking about USD/CAD. They cross up LSH but weekly is down. {image}Ignored
all the above is in an effort to better your trading skills.
DislikedHi Sunshine, am still not clear about when price is UP buy,when price is Down,sell.i presume this confusion comes in because i use the fractal indicator.how do you read euraud weekly chart at this week beginning euraud 4hr sold before going north. i need clarification on determining buy/sell.thanks {image}Ignored
I trade to use charts W+4hrs. I understand that W=down and 4hrs=down it is sell signal. I think that very important thing is a moment of entry. If we have a sell signal, how do you open your position?:
1. wait for close 4hrs candle? or
2. put order - sell stop lower than LSL?
Please take a look for AUD/CAD - there is a sell signal W+4hrs = down
Dislikedhi SUNSHINE. Thank you for your advice, i will take it to my heart with next trades. I would like to raise the issue of opening positions. You wrote: "this is what i recommend, after my advice above, if: M+D=up...then i will buy on a Dly signal, [PT=SL optional but in a ranging sideways market i enter both] but if in that same pair W+4hrs=down, then i will sell with SL=PT on a 4hr shorting signal, or if, the 4hrs close at or above its LSH then i will enter a buy with SL=PT then close trading station and will check at end of day." I trade to use...Ignored
Strategy 1:
a} Weekly Bar down; {we will take the USDCAD as an example.}
you can trade with Moving Averages or without them, i provide a visual below of charts with MA's and charts without them.
Dislikedhi SUNSHINE. Thank you for your advice, i will take it to my heart with next trades. I would like to raise the issue of opening positions. You wrote: "this is what i recommend, after my advice above, if: M+D=up...then i will buy on a Dly signal, [PT=SL optional but in a ranging sideways market i enter both] but if in that same pair W+4hrs=down, then i will sell with SL=PT on a 4hr shorting signal, or if, the 4hrs close at or above its LSH then i will enter a buy with SL=PT then close trading station and will check at end of day." I trade to use...Ignored