Forget about mowing the lawns on Sundays, its planning day.
Today I run through by pairs looking at price action on Monthly / Weekly and Daily Charts. I am looking at market types to decide the market type they sit in. I need to know whether they are in Consolidation / Range or Trending Markets.
From my 21 pairs I then choose the pairs I will probably trade the next week.
WHATS TRENDING - WHAT SPACE OFFERS THE MOST PIPS
EURUSD - This pair is in the middle of a big Sell off moving from one Monthly Line and swinging down to the next.
There is still 166 pips in this move.
I will be selling on Monday any strong move on M5 when it LEAVES the 10EMA. On this account I will again build a basket on the way down at every cross of the 10EMA. Its easier to use 5EMA Shift 3 or the PAC that Sharks is trialing 5 Smoothen Average high and Low.