redsox11:
After seeing 3 or more consecutive bars on bigger picture ( weekly chart)… You then check your 4hours chart for possible trade entry.

MARKET STRUCTURE + SMA Line.


FOR Buy ENTRY

1) You need to see price break deep through the MA Line.

2) As 1 occurs, see that the price also break through the last LH(Lower high)

3) Price come back down and bounce off MA Line before rising again.

MrUnder:


The 3 consecutive bars you talked about. Is it at the beginning, end, middle or any where along the weekly chart?

redsox11:

i, it's for beginner to get there feet wet and learn solid foundation, price structure.
ii, it's swing trading, higher TF trading, so you have time to do other things, than staring at the pc.

iii, to answer your question, (You tell me) I should ask you to give me those answers, when you provide answers, you learn more because it means you've gone through the chart yourself.

Ps: EURUSD is a perfect set up right now for what you're looking for.

redsox11:
Start today's averaging. Got some long in pounds. GBP still giving mixed signals, still wait for that big pop.

redsox11:
Managing trade right now, closed one GJ buy, leaving the rest to run for now.

redsox11:
I'll start averaging short now on Gcad, little risky but nothing I can't handle or trade-manage.

redsox11:
Ok, Gcad just fell some 22 pips, I think I'm going to look it in.

BE = Breakeven .

redsox11:
It's all about managing trades right now.