Today we are looking on the way I apply my rules using the EURAUD as an example.
The Market Structure of Daily and 4H timeframes are going in different directions. Even the POI reactions are in two different directions.
The RSI for Both Daily and 4H are below 50 but still above their MAs; in addition to the fact that the Daily RSI is coming out of an oversold area.
Most of the indicators are showing a sell direction, but we there are still some hints towards an upward direction including:
- The reaction on the Daily Order Flow upward
- The Daily RSI coming out of an oversold area
- The Daily Stochastic although it is in the sell area below 32 but it flipped upward.
But as I said those are only hints. We will be more relaxed with a sell position if the RSI were below their MAs. Then we can wait for the 15minute stochastic to cross the 32 downward.
I will try to give daily examples during market days to solidify what I am calling my trading platform which consists of my Trading Philosophy, Strategic Objectives, Trading Methodology, and Trading Plan.
You will watch me make mistakes either in analysis, or in applying my own rules, and this is the education and training that I am looking for to solidify my trading. One of the examples that we came up with today is that my trading plan needs adjustment based on the way that I am implementing it.
I would love to hear your thoughts on any part of this video.
The Investor
The Market Structure of Daily and 4H timeframes are going in different directions. Even the POI reactions are in two different directions.
The RSI for Both Daily and 4H are below 50 but still above their MAs; in addition to the fact that the Daily RSI is coming out of an oversold area.
Most of the indicators are showing a sell direction, but we there are still some hints towards an upward direction including:
- The reaction on the Daily Order Flow upward
- The Daily RSI coming out of an oversold area
- The Daily Stochastic although it is in the sell area below 32 but it flipped upward.
But as I said those are only hints. We will be more relaxed with a sell position if the RSI were below their MAs. Then we can wait for the 15minute stochastic to cross the 32 downward.
I will try to give daily examples during market days to solidify what I am calling my trading platform which consists of my Trading Philosophy, Strategic Objectives, Trading Methodology, and Trading Plan.
You will watch me make mistakes either in analysis, or in applying my own rules, and this is the education and training that I am looking for to solidify my trading. One of the examples that we came up with today is that my trading plan needs adjustment based on the way that I am implementing it.
I would love to hear your thoughts on any part of this video.
The Investor
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Haftungsausschluss
Die Informationen und Veröffentlichungen sind nicht als Finanz-, Anlage-, Handels- oder andere Arten von Ratschlägen oder Empfehlungen gedacht, die von TradingView bereitgestellt oder gebilligt werden, und stellen diese nicht dar. Lesen Sie mehr in den Nutzungsbedingungen.