Nzdusd 30m tf
waiting for strong break out
appears we have a break out. A fantastic opportunity will be offered by any retrace.Originally Posted by ;
I like the overdue european session break outs cos it rains in to NY session.
Lets watch and see what NU will bring.
... eventually on the moveOriginally Posted by ;
When split out happens, I use any retrace as an chance to enter transactions at the direction of workouts.
I've some couple things along with others @ BE
NZDUSD still moving like a turtle... doing same thing as I mentioned above; retrace. . .SELL and publiion couple things. Provided that we keep making some great gains. There is A small gain better than a reduction in my own book.Originally Posted by ;
WHEN TO TRADE AND WHEN NOT TO TRADE
Look at the chart posted below and tell me what you see/ detect between yesterday and today.
==gt; yesterday, there was market structure where we possess the LWMA come together and spreading out in early Europe session. The ADX was low and rising. The BBMACD started to print red diamonds. Price was printing candles beneath the bearish/ RED supertrend line.
Market is ripe for SELL. I also make couple things and sold.
==gt; Nowadays, no uniformity in LWMA so I avoided trading indices completely. There's no uniform market structure to leverage on and trde. I look for opportunties elsewherein currencies.
Watch the circled segments in the chart. You may comprehend the uniform market structure required to exchange.
You dont have to exchange one particular instrument everyday. Doing this is suicidal.
Exercise and you will understand it.
Market structureOriginally Posted by ;
Just a little here and a bit there, we will continue to build upon it and develop.
Indices about the movement already.Originally Posted by ;
Retraces will be great opportunities to sell
Have some good trades for this morning.Originally Posted by ;
That was faster than I expected. Some days are like today... quick and straight unlike the turtle motion of NZD yesterday. Still carrying a small position of NZDUSD from.
I still expect more motion later today