Jonee711

Jonee711

Gold tend to have a deeper retracement like 50-61.8 fib level. The wavetrend indicator is still very much bearish so I will probably get back to this set up next week when gold has pulled back to the 50 or 61.8% fib level then will look for a buying edge. Good luck to us! 1. Basic Rules (Filter Trend using H4 timeframe) a. Only take Long when the price is above...

Jonee711

1. Basic Rules (Filter Trend using H4 timeframe) a. Only take Long when the price is above the 50 EMA b. Only take Short when the price is below the 50 EMA 2. Check Market Structure using H4 TF a. Look for trend structure (Point A, B, C) i. Long – look for higher highs ii. Short – look for lower lows 3. Use Fibonacci Retracement tool (after trend structure and...

Jonee711

1. Basic Rules (Filter Trend using H4 timeframe) a. Only take Long when the price is above the 50 EMA b. Only take Short when the price is below the 50 EMA 2. Check Market Structure using H4 TF a. Look for trend structure (Point A, B, C) i. Long – look for higher highs ii. Short – look for lower lows 3. Use Fibonacci Retracement tool (after trend structure and...

Jonee711

Looking at US Oil at the moment. I am waiting for price to push lower and react with the fib levels and looking for a gold cross on the wavetrend indicator. If we get a reaction on the 50 EMA, this would be 3 confirmations. We can then drill down to the lower timeframes to time our entry using VMC buy signal. Let's see how this plays out. A little patience...

Jonee711

1. Basic Rules (Filter Trend using H4 timeframe) a. Only take Long when the price is above the 50 EMA b. Only take Short when the price is below the 50 EMA 2. Check Market Structure using H4 TF a. Look for trend structure (Point A, B, C) i. Long – look for higher highs ii. Short – look for lower lows 3. Use Fibonacci Retracement tool (after trend structure and...

Jonee711

1. Basic Rules a. Only take Long when the price is above the 50 and 200 EMA in D1 b. Only take Short when the price is below the 50 and 200 EMA in D1 2. Check Market Structure using Daily TF a. Look for trends i. Long – look for higher highs ii. Short – look for lower lows 3. Use Fibonacci Retracement tool a. Bullish bias – draw Fib tool from start of move below...

Jonee711

1. Basic Rules a. Only take Long when the price is above the 50 and 200 EMA in D1 b. Only take Short when the price is below the 50 and 200 EMA in D1 2. Check Market Structure using Daily TF a. Look for trends i. Long – look for higher highs ii. Short – look for lower lows 3. Use Fibonacci Retracement tool a. Bullish bias – draw Fib tool from start of move...

Jonee711

Vu Man Chu Strategy with Wavetrend (D1, H4) 1. Basic Rules a. Only take Long when the price is above the 200 EMA in H4 & D1 b. Only take Short when the price is below the 200 EMA in H4 & D1 2. Check Market Structure using Daily TF (use Heiken Ashi candles) a. Look for trends i. Long – two higher highs / two higher lows ii. Short – two lower highs / two lower...

Jonee711

Vu Man Chu Strategy with Wavetrend (D1, H4) 1. Basic Rules a. Only take Long when the price is above the 200 EMA in H4 & D1 b. Only take Short when the price is below the 200 EMA in H4 & D1 2. Check Market Structure using Daily TF (use Heiken Ashi candles) a. Look for trends i. Long – two higher highs / two higher lows ii. Short – two lower highs / two lower...

Jonee711

Vu Man Chu Strategy with Wavetrend (D1, H4) 1. Basic Rules a. Only take Long when the price is above the 200 EMA in H4 & D1 b. Only take Short when the price is below the 200 EMA in H4 & D1 2. Check Market Structure using Daily TF (use Heiken Ashi candles) a. Look for trends i. Long – two higher highs / two higher lows ii. Short – two lower highs / two lower...

Jonee711

Vu Man Chu Strategy with Wavetrend (D1, H4) 1. Basic Rules a. Only take Long when the price is above the 200 EMA in H4 & D1 b. Only take Short when the price is below the 200 EMA in H4 & D1 2. Check Market Structure using Daily TF (use Heiken Ashi candles) a. Look for trends i. Long – two higher highs / two higher lows ii. Short – two lower highs / two lower...

Jonee711

Vu Man Chu Strategy with Wavetrend (D1, H4) 1. Basic Rules a. Only take Long when the price is above the 200 EMA in H4 & D1 b. Only take Short when the price is below the 200 EMA in H4 & D1 2. Check Market Structure using Daily TF (use Heiken Ashi candles) a. Look for trends i. Long – two higher highs / two higher lows ii. Short – two lower highs / two lower...

Jonee711

Vu Man Chu Strategy with Wavetrend (D1, H4) 1. Basic Rules a. Only take Long when the price is above the 200 EMA in H4 & D1 b. Only take Short when the price is below the 200 EMA in H4 & D1 2. Check Market Structure using Daily TF (use Heiken Ashi candles) a. Look for trends i. Long – two higher highs / two higher lows ii. Short – two lower highs / two lower...

Jonee711

Vu Man Chu Strategy with Wavetrend (D1, H4) 1. Basic Rules a. Only take Long when the price is above the 200 EMA in H4 & D1 b. Only take Short when the price is below the 200 EMA in H4 & D1 2. Check Market Structure using Daily TF (use Heiken Ashi candles) a. Look for trends i. Long – two higher highs / two higher lows ii. Short – two lower highs / two lower...

Jonee711

Vu Man Chu Strategy with Wavetrend (D1, H4) 1. Basic Rules a. Only take Long when the price is above the 200 EMA in H4 & D1 b. Only take Short when the price is below the 200 EMA in H4 & D1 2. Check Market Structure using Daily TF (use Heiken Ashi candles) a. Look for trends i. Long – two higher highs / two higher lows ii. Short – two lower highs / two lower...

Jonee711

Vu Man Chu Strategy with Wavetrend (D1, H4) 1. Basic Rules a. Only take Long when the price is above the 200 EMA in H4 & D1 b. Only take Short when the price is below the 200 EMA in H4 & D1 2. Check Market Structure using Daily TF (use Heiken Ashi candles) a. Look for trends i. Long – two higher highs / two higher lows ii. Short – two lower highs / two lower...

Jonee711

1. Basic Rules a. Only take Long when the price is above the 200 EMA in H4 & D1 b. Only take Short when the price is below the 200 EMA in H4 & D1 2. Check Market Structure using Daily TF (use Heiken Ashi candles) a. Look for trends i. Long – two higher highs / two higher lows ii. Short – two lower highs / two lower lows 3. Wait for Vu Man Chu buy/sell signal on H4...

Jonee711

SHORT ENTRY requirements • Short when price is below the 8 & 200 EMA in H4 and below 200 EMA in D1 STOP LOSS & TAKE PROFIT; EARLY EXIT • Stop Loss – Use Trailing Stop Loss Multiple of ATR; Account risk per trade – 0.25 to 0.5% • TP1 – RR 1:1 / TP2 – move SL to break even then trail profit or RR 1:2 Indicators: Wavetrend Cross by Lazy Bear, H4 & D1(200 EMA and 8...