THE MACRO PIP

[prochargedmopar]

Macro Game is suppose to be played on Daily Only,
Why look @ M10 or m15?

DailyOnly.png (60.42 KiB) Viewed 4267 times

[MightyOne]

Macro Game is suppose to be played on Daily Only,
Why look @ M10 or m15?

There was a double failure on the daily chart which prompted a closer look.

You can simply watch the daily and reduce from 3 to 2 units or from 5 to 3 and move your stop so that
it is unlikely that you will lose money...&/or you can use horizontal lines and decision points so that if
'this' or 'that' happens you will take a certain action.

Plan your trade and trade your plan, but...

...if you see something different then do something different

NZDUSDM10.png (34.12 KiB) Viewed 4260 times

[prochargedmopar]

Funny,
I saw these and was drawing cones/channels while you were drawing that simplified version.

CC.png (45.16 KiB) Viewed 4257 times

[MightyOne]

Funny,
I saw these and was drawing cones/channels while you were drawing that simplified version.

Sometimes you only need to know that it is there.

I focus on cones over pennants because nearly every time that there is a cone there is
crazy price action.

[prochargedmopar]

It appears this thing has an easy ride up 400 pips before heavy sellers. BUT
Which 2 spikes lower do you consider failures on this chart? Tallinex closes/opens

failures_.png (54.64 KiB) Viewed 4247 times

[MightyOne]

It appears this thing has an easy ride up 400 pips before heavy sellers. BUT
Which 2 spikes lower do yo consider failures on this chart? Tallinex closes/opens

I believe that last close and current open should be the same price & that is why I
use the 'perfect open' indicator.

The first failure is the higher low and the second is the breakout of said low and close higher.

NZDUSDDaily.png (11.18 KiB) Viewed 4245 times

[prochargedmopar]

Just to double check what we are looking for,

previousexample.png (75.59 KiB) Viewed 4241 times

Going in direction of the weekly trend would be a bonus.

Like here:

RedRats.png (40.43 KiB) Viewed 4241 times

[MightyOne]

Nothing is 100%, but these signals are very strong.

NZDUSDDaily.png (17.35 KiB) Viewed 4234 times

[volnmar]

Funny,
I saw these and was drawing cones/channels while you were drawing that simplified version.

Sometimes you only need to know that it is there.

I focus on cones over pennants because nearly every time that there is a cone there is
crazy price action.

please how to draw the right cone?

[aliassmith]

Bodies, Wicks, & Horizontal lines:

eurusddaily.png

My favorite!