In about 8 hours I will try to open a Shortpostion, the TD indicator will bring a Daily 9 which Potentially should lead to a 1-4 day correction (source Tone Vays). In the 4 hour timeframe it should hit the 9 in about 8 hours.
Plan is to Open the Position at 7700 with a StopLoss of 8000, Target about 6800 maybe having a close trailing if it comes to that region.
Notice: Im just a newbie and nobody should Trade based on what I post, its just my Personal oppinion how it should go according to the TD indicator.
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Ignore the Report down there, it has nothing todo with the Strategy im using :)
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Daily View:
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Only thing im unsure atm if we will reach the 7700 but lets see what level we have when the 4 Hourly TD9 occurs.
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We are as well on Track on the Hourly Chart, on that we should have to go 4 more Hours to hit a 9 There as well, question is just at which level.
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The 9 will also be a Countdown 13 in the hourly
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Now we started the 4Hrly TD9, I gonna wait 1-2 more hours before adding some positions, dont think we gonna reach 7700 in that time but we see.
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We are going down now, didnt reach the 7700 but enetered at 7450
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As I entered so late at 7450 the RR got quite bad, the Stoploss im using for now is 7820 and Target still 6800.
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Check out Tone Vays Video, he thinks that we maybe have topped yesterday:
The last TD9 on hourly did not do much. Today is 9 on daily and on 4 hour in 8 hours you say?
kremsy
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@vaskojovanov, Bigger Timeframes always matter more, daily we are on a 9 Currently, so somewhere today should be the reversal, 4Hr Timeframe we are 1hour 30 away from the 9, don't expect to go much higher from here.
vaskojovanov
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@kremsy, Let's see. I'm UTC time and 16 hours in the 9. :) Don't see any action yet. Will keep an eye and wait for that dip.
kremsy
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@vaskojovanov, Well it doesnt always mean the 9 itself is the reversal, can also be the candle after, but I expect it as soon the 4Hourly 9 is met. And as I see Tradingviews daily candles work with American Timezones (correct me if im wrong).
vaskojovanov
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@kremsy, I agree with you, and also at the same time little reserved with the TDs at this point.
pedpor
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@vaskojovanov, perdone pero soy nuevo e inexperto. Esto quiere decir que tendría corrección o que subirá,por favor , deme una pista. Gracias
pedpor
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@kremsy, Soy novato y no entiendo mucho el lenguaje técnico. que quiere decir que bajara en algún momento del día ???