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Hi Bdell Sorry, Line 2 should read 2.. Below the 63EMA on the H4...

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RickM

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15/05/18

22:08

Post #: 33117970
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Originally posted by RickM ↑

Hi Bdell -

Yes the H4 63EMA is close to the Day 10EMA

First of all I trade when I see a Weekly Bias as seen on a Weekly Candle.
Here I can draw a Red Line.

1.. Weekly Bias ( In case of GBPJPY ) is below 150.447
2.. Below the 63EMA on the H4 which is the Daily 10EMA approx.
3.. In a series of Lower Highs and Lower Lows.
4.. No Day Resistance just in front of trade.

I am Buying or Selling when I see a good Day Chart Trend - but perform the task on the H4

View attachment 1105135

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Hi Bdell

Sorry, Line 2 should read

2.. Below the 63EMA on the H4 which is the Daily 10EMA approx AND the 240EMA on the H4 which is the 50EMA on the Day Chart.

The 50 EMA on the Day chart is the Weekly Trend.
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