I WANT TO SEE PRICE MOVE HIGHER RUN STOPS ON INTERMEDIATE HIGHS INTO THE KILL ZONE. I WILL HUNT FOR BREAK IN PRICE STRUCTURE AT SPECIFIC SESSION TIME ON LOWER TIME FRAME FOR EXECUTION. IF PRICE BREAKS AND CLOSES ABOVE THE KILL INTO THE CUT OFF ZONE, I WILL LOOKING TO EXIT THE TRADE.
SHORT BIAS US DOLLAR DOWN/EUR,GBP,AUD AND JPY UP IF I'M CORRECT,I WILL LOOK TO BUY EUR,GBP,AUD AND JPY MARKET MOVES IN 3 CYCLES. ACCUMULATION, MANIPULATION AND EXPANSION. THE ASIAN SESSION - ACCUMULATION PHASE EURO SESSION- MANIPULTION PHASE NEW YORK SESSION- EXPANSION PHASE( CONTINUATION)
USE THIS TEMPLATE TO HUNT SET UPS. TRY 10 PAIRS 30 EACH, IN SHORT TIME FRAME AND SEE HOW IT CHANGES THE WAY TO LOOK AT THE MARKET. FOR LONGS REVERSE THE SET UP. HAPPY HUNTING!!!
LONG BIAS I WANT TO SEE THE PRICE OPEN AND MOVE LOWER RUN STOPS PWL ( DOUBLE BOTTOM - MOST LIKELY CLUSTER OF STOPS RESTING) INTO THE DS LEVEL. THE DS LEVEL IS A STANDARD SUPPORT/RESISTANCE AND WITTHIN THIS LEVEL, I LOOK FOR REPEATED PATTERNS OF SELF SIMILARITIES ( CHART PATTERNS) TO BASE MY TRADING SETUP. IF PRICE DOES REACH THIS LEVEL , I GAUGE AT LOWER TIME...
I WILL THE CHART DEPICT ITSELF.
RED X - DAILY HIGH OR LOWS. MOST LIKELY STOPS RESTING. EXPECTED VOLATILTY, FALSE BREAKOUT AND CONTINUATION. PWH- PREVIOUS WEEK HIGH PWL- PREVIOUS WEEK LOW PRICE VOID- INEFFICIENT PRICE, MOST LIKELY THIS VOID WILL GET FILLED BASE- CORE PRICE MOVEMENT. MOST LIKELY THIS WILL HOLD AND MOVE HIGHER. BREAK BELOW BASE LOOK TO SHORT. DR- DAILY RESISTANCE DFMV- DAILY FAIR...
I WANT TO SEE PRICE MOVE LOWER RUN STOPS ON PREVIOUS WEEK LOW INTO WFMV LEVEL FOR A BUY.
I WANT TO SEE PRICE MOVE LOWER RUN STOPS ON INTERMEDIATE HIGHER HIGH INTO DFMV FOR A BUY.
I WANT TO SEE PRICE MOVE LOWER RUN STOPS ON FRIDAYS LOW INTO THE GREEN BOX FOR A BUY
SETUP BASED IF THE DOLLAR IS POSED TO GO LOWER. I WANT TO SEE PRICE MOVE LOWER RUN STOPS ON PREVIOUS DAYS LOW INTO 1.31200 AND ALLOW THE PRICE TO REACH UPTO 1.30765 LEVEL. IF PRICE CONTINUES TO MOVE LOWER AND BREAK/CLOSE BELOW THE WEEK OPEN(WO). SET UP ON LONGER VALID
I WANT TO SEE PRICE RUN HIGHER RUN STOPS ON FRIDAY HIGH INTO 94.55 LEVEL FOR SELL. US DOLLAR LOW/FOREIGN CURRENCY UP