Today we broke out of a 4 hour consolidation pattern and also broke through previous structure.
4 hour and 1 hour charts are in a downtrend.
1 hour chart has strong momentum to the downside.
And we have pulled back into a 1 hour supply zone hitting the 2nd ADR checkpoint on our TrendCloud System.
Let's see if we can hit T1 and then trail the last...
I was surprised by the strength of the USD last week, and it lead to a flawed view of the AUD market. The market was weaker than expected, and has potentially turned bearish.
Let the market unfold on Monday, and wait for clarity.
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These trade ideas I learned from watching Linda Raschkes work, and playing with the concepts my self. I want to get better at spotting these set-ups in the wild as opposed to cherry picking them after the fact. If you are looking to learn more about the concepts I discuss in this video, I recommend you find Linda's youtube channel, and study her library of...
I was explaining tonight why I wouldn't take a Roller Coaster short signal on our W5T Roller Coaster Smart List subscription that scans 21-22 symbols on 7 different timeframes for breakout trades. This is a follow up to that webinar showing it did drop to the channel and a little below as I thought it would. It needed to touch the bottom channel line first that is...
