Daily Forex Trading

[dojirock]

NQ, ES, YM all AWESOME!

doji

[LeMercenaire]

NQ, ES, YM all AWESOME!

doji

So much bang for your buck (though not for the nervous trader )

[LeMercenaire]

Brilliant gap on The DAX this morning. So easy to trade.

I meant to say earlier, as re the F40. As well as shadowing the DAX, it should be noted that often the spreads will be less than those of The Monster.

[LeMercenaire]

I love analysis, I really do.

However just seeing that it's a Daily Wick Zone set-up (and a RAT entry if you want to get subtle about it) is all you need.

Could even have had a second bite on the way down if you'd missed the first long move.

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I remind myself once in a while not to lose sight of the wood for all the trees.

[LeMercenaire]

More forest...

USDCADH1moreforest3rdApril18.png (53.62 KiB) Viewed 2841 times

[achooblessyou]

I love analysis, I really do.

However just seeing that it's a Daily Wick Zone set-up (and a RAT entry if you want to get subtle about it) is all you need.

Could even have had a second bite on the way down if you'd missed the first long move.

EURJPY.cH1asDWZand-orRAT3rdApril18.png

I remind myself once in a while not to lose sight of the wood for all the trees.

what a beautiful structure to see.

[LeMercenaire]

The 500 ran DWZ all day long as ins-and-outs. I didn't take anything until late in the day, as I watched for the 18-Flips-17 move. This has now reverted back to these candles after the UK and US clock-changes have sorted themselves out. Pain in the proverbial but never mind, all good now.

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As I said, I took the 'Flip' as marked and because I have nothing else running and no life, I watched it to see if I was going to get any dip back down into the lower WZ. Two candles later, I did. Entered long on the bounce back out.

S&P500H1asDWZalldayinandout3rdApril18.png (34.47 KiB) Viewed 2801 times

It's all fun in the sun.

[LeMercenaire]

Revisited the old life by sitting up all night nursing The Yen, lol. It was just too good a set-up to let it go begging and it has paid off nicely.

Short DWZ cw Supply Zone...

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I am now too tired to sleep - does that even make any sense?

[TheRumpledOne]

Lots of lines on that chart.

At least none of them are SQUIGGLYS!!

[IgazI]

Lots of lines on that chart.

At least none of them are SQUIGGLYS!!

Not all squiggly are created equal:

A line chart greatly simplifies the picture but its jaggedness can be just as distracting as the candle chart itself so we smooth it out with a 2 SMA.

Price acts differently around the AO and MACD zero lines because so many people are watching these indicators: you can see for yourself price turning around, bouncing off of, and even sometimes following it like it is a guiding rope.

The AO ZL, the 34 SMA, is changed to the 40 SMA to time the 2SMA cross with the slower MA cross of the AO; on larger charts we consider the candle close to be a cross so there is no 2 SMA on those charts.

I agree that it is stupid to put 5 squiggly on your chart.

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Line chart trading rules are simple:
1. go long at a low pivot
2. if there is a bounce off of the ZL then go long at a high pivot

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