A very simple system - trade with arrow

Quoting antonym

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{quote} Congratulation! I am wondering if you could discuss the reasons for entering a sell, at the time when price was still ranging and 10 was above 34 on both H1 and H4.

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Quoting pips29

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{quote} This is hindsight and it's easy to talk..first a double top and then price was making LH/LL..2. yen was strong across the board since I log on this morning and look at the cci . Yes there was no cross of the 10and 34 ema on H1 /H4 but price was below the 10 ema on H1 for the 1st entry and H4 with subsequent entries, I think..anyway that's not of the most importance but rather what pa was doing ..I don't complicate things when I trade.. {image}

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Quoting pips29

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daily n/u...we haven't got a close below the dark blue line drawn on my chart for a very long time and on several ocassions price went below and bounced back up...I am thinking it will be the same this time round..just because the rate was not raised the kiwi was dumped...let's see if I can find buyers by putting in the volume {image}

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Quoting pips29

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I am out of longs on the aussie with decent profits and in with a short looking at the rejection of the 10 ema on the daily and entered just before the 4 hour closed as beeb. Higher time frames like the weekly and monthly also portray a bearish outlook..the first target is .7300..let's see {image}

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Quoting antonym

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{quote} Hi pips29, Would you discuss in more details about why the higher time frames like weekly and monthly that also depict bearish outlook? Thank you.

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Quoting pips29

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{quote} For a change let me ask you a question. Why do you think the weekly and monthly not showing bearish nature. I really like to know from you and others why you see differently just looking at the charts and nothing else

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Quoting antonym

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{quote} Ok. From the weekly I see that it's in a range since Jan 2016, no obvious sequence of HH HL, just ranging. My definition of range is "no obvious consecutive HH HL". And we are in the middle of the range. So location wise, it could move anywhere. For monthly, I could not see much from the chart. There is a LL LH sequence, but it's a monthly chart so I don't know if this downtrend has any impact on D1 chart. I am trying to understand what to look for on a higher TF chart.

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Quoting pips29

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{quote} On big time frames like weekly,monthly and for that matter yearly, price will always be ranging if you take the top and bottom and everything in between being in the range..Looking at this range on the weekly will mean taking 3-5 trades per year, trading from one end to the other. Are you looking for 600 or more pips per trade? Is that how you want to trade? I guess not. So looking at the weekly we see price has been moving lower and the last 3 weeks were candles with LH and LL..I would think this depicts bearishness. I am not trading from...

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Quoting pips29

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basic price action stuff https://t.co/PPJ4Sj4Ssh

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Quoting antonym

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{quote} Thanks for sharing the info!

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Quoting lehmann

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Going for some long morning pips {image}

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