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ochuko replied Jan 11, 2014This could be discretional at times. And also depends on how you draw your trendline.
Simple Market Flow Trading System
- ochuko replied Jan 11, 2014
Please check the AUDUSD daily time frame first before looking out for trade set up on the hourly time frame. Consider this chart below;
Simple Market Flow Trading System
- ochuko replied Jan 11, 2014
With this system, we don't look at the weekly time frame to confirm S/R. The system is very straight forward. We determine market flow on daily time frame, next we look for our entry on 1Hr time frame using S/R and trend line as our area of focus. ...
Simple Market Flow Trading System
- ochuko replied Jan 11, 2014
Thanks bro. Better trading with this system.
Simple Market Flow Trading System
- ochuko replied Jan 11, 2014
Hey guys, I did a video showing you how to determine market flow change on the daily time frame and how to find your trade entry on the 1Hr time frame. In this video, you will watch live trade examples. This is aimed at deepening your understanding ...
Simple Market Flow Trading System
- ochuko replied Jan 11, 2014
The picture above is just for illustration purpose to demonstrate how to detect change in market flow. All the lines illustrated in the chart are all valid. If I had illustrated all market flow change plus description, it would cause the chart to be ...
Simple Market Flow Trading System
- ochuko replied Jan 10, 2014
Here is a live trade for EURNZD. Though the first trade was lost. But re-entered to cover lose and in profit now.
Simple Market Flow Trading System
- ochuko replied Jan 10, 2014
You are right. I use all types of trendlines, be it long term, medium or short. But it is based on the hourly time frame. The stronger the trendline (trendline touched 2 times) the better.
Simple Market Flow Trading System
- ochuko replied Jan 10, 2014
Entry at trendline is good. But entry at support and resistance is better. For those pairs I use trendlines, that was the closes area where price may experience reversal and so I use it. If S/R is the close, I use it.
Simple Market Flow Trading System
- ochuko replied Jan 10, 2014
Today is Non-Farm Payroll release. Be careful how you trade. Market may range leading to the time when the news would be released. So trade with caution!!!.
Simple Market Flow Trading System