Well there was a decent break below the TL with a nice bearish candle. I was waiting for the a re-test and rejection to enter but it doesn't seem like it's ready after all. Lets see how it reacts now to the upper TL. image

Trading on the Right Side of the Market (Hopefully)

[quote=wizlon32;9090246]Golden Nugget #1 - How to do a proper HH/HL/LL/LH count When a HL or a LH gets broken,that is not necessarily the best time to enter the market because there will more than likely be a good sized retrace before a continuation ...

Trading on the Right Side of the Market (Hopefully)

Is it ready to go? image

Trading on the Right Side of the Market (Hopefully)

USDJPY H1 Watching for a TL break to go short image

Trading on the Right Side of the Market (Hopefully)

Golden Nugget #1 - How to do a proper HH/HL/LL/LH count I learned how to do this here - url (The whole thread is well worth a read) Now every trader knows that a trend is defined by price either making Higher Highs and Higher Lows in an uptrend or ...

Trading on the Right Side of the Market (Hopefully)

Counter Trend Trades - Trading Against the Flow of The River Trading in the direction of the trend offers the lowest risk trades, but sometimes trading against it offers the best entry price and the best risk reward ratio. I have been burned many ...

Trading on the Right Side of the Market (Hopefully)

As I suspected, the 200 EMA acted as support here. For me the bias is still short on this TF but I will wait to see if price can break below the 200EMA before I think of entering. image

Trading on the Right Side of the Market (Hopefully)

Live trade opportunity - Dax H1. Looking to go short on a break of the pink TL. Note that the 200 EMA is below The River and Below price so it is not ideal. Note that with my broker I can trade Dax almost 24H so there are very few gaps (albeit with ...

Trading on the Right Side of the Market (Hopefully)

Same chart as above. This time showing an example of a trend line adding confluence to a short trade decision. Notes are as per the above post. image

Trading on the Right Side of the Market (Hopefully)

GBPUSD H1 This chart is an example of how to use horizontal support and resistance to add confluence to trade decisions. Notes: 1. The Trend is down - Price is above The River but The Path is below it, there for the bias is still short. 2. The 200 ...

Trading on the Right Side of the Market (Hopefully)

Dax H1 Chart In a similar way to how price reacts the the Kumo when using Ichimoku Kinko Hyo, you can see that when a trend changes direction, 1st price has to cross The River. Then quite often it will retrace back to The River before bouncing off ...

Trading on the Right Side of the Market (Hopefully)

USDJPY Weekly Chart This chart is just an example of higher TF trade opportunities. image

Trading on the Right Side of the Market (Hopefully)

EURGBP H1 Long Trade Opportunities Similar to the previous chart, here is an example of how this system could have provided chances to get in Long with the current flow of the market. Trades could hhave been entered on the break of the pink TLs. In ...

Trading on the Right Side of the Market (Hopefully)

Trade Entries Trades will not be taken based purely on any of the indicators. I will base all of my trades on price action such as breakouts from consolidation, continuation patterns and trend line breaks where price re-joins the current flow of the ...

Trading on the Right Side of the Market (Hopefully)

Current Template Final Below is a chart with the full template, although I may remove the arrows or the oscillators if the mood takes me. The pink line is the 200 EMA. I have included this as it is an important MA which is watched and used by a lot ...

Trading on the Right Side of the Market (Hopefully)

Current Template Continued 34 EMA - The Path OK so as I mentioned above I like to use the 34 EMA with the 55 EMA as a guage to the current trend direction so here I have added it to my chart. Price + 34 EMA above 55 EMA Ribbon = trade Long. Price + ...

Trading on the Right Side of the Market (Hopefully)

My Current Template My template is what I would consider to be quite basic, although far from naked. It is mainly based on candlesticks and Moving Averages and I will explain my reasons for each and how I intend to use them below. 55 EMA Ribbon - ...

Trading on the Right Side of the Market (Hopefully)

Time for a retrace. image

EUR/GBP - What a great pair to trade!

AUDUSD H4 image

A new look at Wolf Waves