dax 1 min just enterd..10/75
As good an illuion of test of range you'll ever see. In LO double shirt, then a LH, price comes down to the low at 1.3014, small reaction up (which I adore) another lh. Good ma angle separation, little/no lower back. If you hunt test of range http://vantagefx.blogspot.co.za you will see several posts similar set ups.
It does happen with DAX over FX pairs it sounds. Here AO signaled around R2 '75 level nicely after the lwma cross 12550 region. In todays case there were successful fx options in the same so what the hell.
This is a copy of wording from 1st article that describes the trade rules from the charts published from May 2016 (the only real change now is that the accession of the AO):
Typically we like candles using little/no wick in the direction of the trade. Stops swing high/low. Exits: Up to you. On GJ when LO has a failed move in one direction then the opposite path ought to have a solid move. 50 pips on GJ common to SR loions, goal pivots and 50/100 levels.
Watch the connected GJ chart together with all the blue rectangles. In and around LO, first commerce around the lwma cross, HL, GU agreeing, little/no upper back buy place 161.50. Approximately 90 minutes after LO, lwma cross, LH, GU agreeing, little/no lower back, market place 161.88.
So to apply the rules to this particular morning GJ/GU agreeing, HL, in and around LO and lwma cross, AO agreed, little/no upper back on set up candle. In cases like this the trade is around 144.90.
And not EJ over ma, 10.30 chart time candle includes a 3 bar up signal. Well AO was gloomy for market and ma's about 1 min a mess. EU AO additionally blue for market. Up the arrow shows where entrance would have been around close of 5 minutes put up candle.
Oh forgot to mention before, searching for first trade off 5 minutes set up where price first crosses 5 minutes 20lwma.
Its a long weekend here so not traded only posting this to show yet again the principles.
Pairs agree (GJ/GU only after LO green line)
Above ma's
3 pub buy signal close of 10.10 chart time candle
AO concur (on last closed candle)
Little no upper wick on 5 minutes set up candle.
1 minute charts, GJ ma angle separation better than GU, arrow up shows where entry could have been in terms of system.
Stop would be just below the previous swing low off 1 minute charts 143.47 place, render probably target the RN
Wouldnt worry too much about that V.. I did see it and crossed my mind to comment..BUT whats the purpose. . ?? This forum is filled with em..all masters of universe..your method and excuse is clean and simple. . In case you've got one fault you give a lot of. . Bldy lot over i..Thats for certain. .
Took a huge quantity of stick on a different thread (trader with 5 years in but no success and no still system) from some guy. Oh well can't please everyone.
But nearly daily after LO.
So whats egy, lower highs (of course) GJ/EJ agreeing (from 5 min charts - lower highs, below ma's, 3 bar sign down, AO gloomy down, pairs agreeing, little/no lower wick for market) and this time GU/EU also agreeing but AO gold upward. Because of GU/EU AO indiing up the focus is about GJ/EJ and when all OK I typically opt for GJ before EJ. Added 1 minute chart great angle and separation in the event that you wished to time entry.