CCE completing bottom in only swipe, didnt manage to get full, didnt downticked.Originally Posted by ;
CCE completing bottom in only swipe, didnt manage to get full, didnt downticked.Originally Posted by ;
Yep solid play to both you, strong upward trend with important condensed arrangement and clean breakout theres a drama to follow. When many eyes observe the very same structures and amounts thats where you wants to be, and for that to be assured certain qualifiers need to be meet (powerful trend, powerful rotations and changes, blank symmetrical arrangements etc.. .) .
Secondary fracture was a bit less symmetrical but nevertheless a solid play. Strong trends tend to repeat continuation structures with performant breakouts.
Hi Jan,
I have a query about currency pairs and correlations btw them.
So lets say if we've got a bullish setup on GBPUSD and bearish on GBPJPY, which to take. (contemplating its London session)
If we consider the amount of volume/traders , then we ought to select the GU. Or I should wait for same signal on both?
I knew that a fantastic trader previously who was utilizing crosses to give him clues about the majors. If we use his approach, we should wait patiently until couple of GBP crosses signal GBP strength (forming bottom spinning pattern or parabolic crash) in order to buy GBPUSD. What do you believe?
Very quick squeeze on USDCAD 10 sec. Didnt can pull the entrance was too late. Clean structure.
Hey toti, that will very rarely occur you'd have bull sign on GU and bear on GJ, they mostly move in connected fashion the majority of time. Not worth thinking about situation that is such, however if it's the case then feel free to take both installments as long as your RR on trade is 1:2 or better youll likely be taking profits total if one fails. However the better question is what to do in case you have bull sign on GU and bull sign on GJ, and also the asnwer is at this case never take both entrances becouse all that's doing is adding to risk since most likely both moves will likely be connected. Same is true for stocks or any other currency pairs.Originally Posted by ;
For instance taking bull sign on EURUSD and bear on USD is also a no go since both are extremely connected in oposite way of movement.
There's no need to wait around for almost any crosses to provide signs. Strategy since it's outlined over 15 pages is clean and straigtforward, each installment is taken once it signifies itself no matter of elements. Are signals.
Strong move from the lows, GBPJPY potential bottoming spinning, provide taken out.