When we allow the weekly to closed before getting in we might be hit with retracement before going the direction again

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For those who asked the questions about the reason of not waiting for the weekly to close when using this strategy, AUDNZD long I entered during the week will give more answer. The weekly has not closed yet and already bullish. As long as the ...

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NZDJPY, among all the other JPY pairs have been very strongly trending. Now they're moving sideways on the daily. EURJPY is even forming bollinger band squeeze. The bulls are still strong on weekly on NZDJPY is still. The bollinger angle steep. This ...

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Let me repeat the strategy of exit. There is a strategy of going long and there is a strategy of going short. The strategy of going short could be used to close the long position. Simple. Going long: When price is moving sideways strongly, weekly ...

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Please when I have time I will describe the exit point again or refer you to the exit point page on the thread

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As i have said using GBP during uncertainty and especially going bullish with GBP was a mistake

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My exit has been described in the thread. My GBP exit has nothing to do with exit criterion

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I have to close my bullish trade on GBPNZD. Going bullish with GBP can be scary now.

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Will this daily bullish candle close well at the end of the day? The weekly strongly rejected the lower band during retracement.

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Please don't be confused here when I try to inform you about any trade setup base on another strategy. I have always indicated it.

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AUDNZD is not on Bollinger Band Squeeze now. BBS is when the upper and the lower bands are so close like all JPY pairs now. I entered this position with another strategy- resistance breakout on the daily. I did not refer to 4hr for entry.

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Ok. Am running far away from all GBP pairs for now. Maybe to return to GBP after the Prime Minister, Theresa May has invoked Article 50 of Lisbon Treaty in March.

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Did you take them?

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No. I did not use 4hr; the one I mentioned 4hr is Bollinger Bands Squeeze trading. It's a different case

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But this is not my first trade. EURUSD, short; NZDJPY and all JPY pairs long followed same strategy

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Yes I will enter the trade even if the weekly still running. Waiting for the weekly might be late to enter

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I will get in before week end

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Thank you so much for joining us

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With this strategy, not yet entry point

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As a general rule we wait for weekly or monthly or whatever timeframes candle to close before taking position. But this strategy/setup are made by two time frames. That's the reason it's different. We combine the two.

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