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[TygerKrane]

puh-lease, never mind all that, supply gets BROKEN THROUGH this week

[withnail]

Thought I would spend half an hour on my trading plan for the new year today --- got a bit carried away 5 hours later..... I thought I would put a few charts to illustrate my thinking. Any ideas thoughts are appreciated.

Euro Index near Demand :-




Looking to buy euros sell ?


If euro index is cheap I want to sell what is the most overpriced. (I think this is what relative strength tells me).


My idea is to open positions at smaller time frame demand levels within the weekly demand level. Scalping some pips and also opening buy and hold positions in a sort of pipeasy style the ones that don't get stopped out hold them for all their worth. I am also interested in a possible Weinstein basing stage 1 breakout setup.
Cheers Withnail.

[Relativity]

WithNail, where did u get that RecentStrength indi? Looks so cool lol coz my Sentiment Reader is an offshoot of this. I never really like about the way it constructs the values. Does it really work?

[withnail]

WithNail, where did u get that RecentStrength indi? Looks so cool lol coz my Sentiment Reader is an offshoot of this. I never really like about the way it constructs the values. Does it really work?

Hi Relativity, You just caught me. It's one of Hanovers from ff (Recent Strength) he also has a Recent Price. It compiled so I can't look inside to see what it actually does, but it seems to give the right idea.

[withnail]

High time frame set-ups are part of my new trading plan. Any constructive criticism, comments or different idea on this or my previous post would be great. I think pictures explain better than words. But as usual S&D is the basis.

Now it's time to forget trading and get drunk back in the new year.
Cheers Withnail.

[Relativity]

High time frame set-ups are part of my new trading plan. Any constructive criticism, comments or on this or my previous post would be great. I think pictures explain better than words. But as usual S&D is the basis.

Now it's time to forget trading and get drunk back in the new year.
Cheers Withnail.

Looks sound. I think downside is limited since price gonna stuck in a constricting range 1st, then a strong down break is probable when 'there is no more space left'

Nice... my indicator is plotting the SD zones nicely so far when compared to your work.

[withnail]

Created 2 trading plans over the holidays one for scalps and one for higher time frame trades. Used the Scalp plan today. I have defined objectively a set of rules for selecting a level to trade and where to take profit. I did a set and forget, was difficult but it worked out.
EURJPY 1M

Cheers Withnail.

[Relativity]

Nice =>

[withnail]

High time frame set-ups are part of my new trading plan. Any constructive criticism, comments or on this or my previous post would be great. I think pictures explain better than words. But as usual S&D is the basis.

Now it's time to forget trading and get drunk back in the new year.
Cheers Withnail.

Looks sound. I think downside is limited since price gonna stuck in a constricting range 1st, then a strong down break is probable when 'there is no more space left'

Nice... my indicator is plotting the SD zones nicely so far when compared to your work.

Thanks Rel, but I guess what I was trying to ask was is anyone else trading higher time frames? And their experiences with it. Rather than this particular setup. The chart shows some things I would be looking for in a higher time frame trade. Cheers Withnail.

[Relativity]

Hmmm... MO? I can't be sure if he sees what you see, since he uses CC thou.