Meyney wrote: Tue May 11, 2021 12:26 am yes this is always on every instrument: wait for the move first and join the direction with a proper entry after retrace/chop

ok thanks i will include this into my rules, im trying to be even more selective

Meyney wrote: Tue May 11, 2021 12:03 am this was a proper short on gy...impulse down, chop, trendline break

i really like how you explain this example, its just simple once u know what to do.... good job

NZD/CAD managed too catch this pullback before price and moving averages crossed.

Meyney wrote: Tue May 11, 2021 12:26 am yes this is always on every instrument: wait for the move first and join the direction with a proper entry after retrace/chop

Looks like GBPJPY is consolidating. I'm looking forward to seeing it blast to the upside

1H Chart seems quiet during this session
Daily chart is making higher highs

[quote="ChuChu Rocket" post_id=1295435050 time=1620817691 user_id=4931802]
Looks like GBPJPY is consolidating. I'm looking forward to seeing it blast to the upside

1H Chart seems quiet during this session
GBPJPYH1_consolidating.png

for a long my suggestion is: wait for the zone to be broken . See how the SD is aligned with 154 level. See post 669

Meyney wrote: Wed May 12, 2021 9:30 pm

Thanks Meyney, nice forecast mate

Today, AUDUSD, TF 5M

GBPJPY, TF 1H, keep running

GY 1M already a few pullbacks=entries at the higher 1H SD @154. Watch the pushes and retraces here on 1M it is very clear. let's see how/if price will bounce on the previous SD zone, perhaps switch to another timeframe to get a proper entry.

Not bad for an hours work...


The advantage of using a few MA lines......it makes us trade direction and sit idle if there is none visible.
Some traders only trade the 34 MA and wait for an at least 45 Degree angle. Well, obviously, the steeper the better for a successful pullback trade.


US30

DE30