[Snow Dog]

Originally Posted by poortorich »

can you give me atleast one rule of your trade? how you calculate those.

One rule of trade, not sure if this is what you mean but:

You look at bigger pic daily, 4hr charts. Are you in up/down trend. Are daily/4hr candles suggesting trend or counter trend? In other words have an intelligent look at your bigger pic charts. Not trading rules just good old common sense.

Eur D chart the red line was a clear resistance level. So the neg close candle arrow left (the candle itself has a lh and ll compared to the prev candle), goes below the D 8 lwma, the rsi is below 50 level. That all adds up to SELL!

So then you'll be looking at 1hr and 5 min charts for entry. NB with small stops you can STILL lose money if you are jumping in against the wrong candles.


Rules are simple. If selling, are you below 1hr 8 lwma, have you got a 5 min lh, 2b or evening star pattern.

Wait for 5 min candle to close with little/no lower wick, price must go 1 pip lower next candle (latest 2 candle) to confirm sell.

Opposite for buys.

[Snow Dog]

Aud D chart appears to have turned the corner. 1hr neg close below 8 lwma. 5 min lh little no lower wick on shooting star just short of 20 pips.

[Snow Dog]

Mrs V missed this eur lh set up below 3250 but got the aud above.

[Snow Dog]

COT data showing some interesting long yen positions and sure enough pic perfect set up.

1hr treble top, 1hr close below 8 lwma, lovely angle on 5 min ma's highlighting great lh set ups. Mrs V was in aud though.