Thursday 11 chart time LH. 12.45 and 13.20 HL's.
GU/GJ agree, HL/LH, 1st trade cross of LWMA, 3 pub reversals, candles with little/no wick in management of trade.
Thursday 11 chart time LH. 12.45 and 13.20 HL's.
GU/GJ agree, HL/LH, 1st trade cross of LWMA, 3 pub reversals, candles with little/no wick in management of trade.
Wednesday. Could have been a day. GU ran much better down to the LH after Frankies open, then 11.30 chart time nice HL on GJ however GU under ma nevertheless so not very agreeing.
GU/GJ agree, HL/LH, 1st commerce cross of LWMA, 3 bar reversals, candles with little/no wick in management of commerce.
Tuesday after Frankies open HL's, after LO its LH's all the way. US open its HL's.
GU/GJ agree, HL/LH, 1st commerce cross of LWMA, 3 pub reversals, candles with little/no wick in management of commerce.
Monday. 10.40 chart time and just after US open.
GU/GJ agree, HL/LH, 1st trade cross of LWMA, 3 bar reversals, candles with little/no wick in direction of trade.
The items from my point b above post are merely to examine the SR areas. The transaction rules are GU/GJ concur, HL/LH, 1st commerce cross of LWMA, 3 pub reversals, candles with little/no wick in management of commerce.
Even just considering GU/GJ its pretty much daily.
Exactly how many times does this setup happen in a 10 year period? I guess not many. It conserves capital because you'll be making quite few trades each year.
I had been asked if I could (a) post a bit more frequently and (b) provide an idea about what my daily routine would be.
(a) OK is going to try.
(b) routine is checkcliqforexfor top news events. Have a look at D chart for SR levels for turns or to try to assess a direction for the afternoon (HL/LH's, candle breaking range for example). Have a look in 1hr for shorter duration SR places. Today on D GU I've a potential SR general area 1.3350 from the entire body highs from July 16, high from Aug 16. The 1hr reveals a potential S area at todays D pivot/low from the 26th, S1/W M1/low from 27th and of course Y's reduced. Because this is done every day its not a major thing nowadays its literally a minute or two.
Please note it doesn't mean I won't sell into a SR degree but I do want my entrance principles to be there and I would prefer just a tiny gap e.g. 10 pips or so that I can hopefully get to BE. I'll also examine the Asian range for evaluation of range/break and evaluation of range entries.
Then its waiting for trade principles to line up from 5 minute charts GU/GJ concur, HL/LH, 1st trade cross of LWMA, 3 bar reversals, candles with little/no wick in direction of trade.
And now we know why this was happening. Danc your buy was somewhat early and suspect the bounce will come from 11900.