In this case your session bias is bearish but the daily candle is supposed to flip bullish according to how the previous daily candle closed bullish, so having two 4hr candles closing bearish prior to your session doesn't mean sells straight away, that may be a pullback so as to continue with the original bullish trend.
Two 4hr candles closed bullish coming into nyse open. The daily candle was supposed to flip bearish so buys didn't makes sense or if it happened it was only short term buys. Waited patiently for price to create a target on the 5minute and price to come back to form resistance before flipping the daily candle bearish on the new nyse 4hr candle open. NOTE: Trading...
In this case your session bias is bearish but the daily candle is supposed to flip bullish according to how the previous daily candle closed bullish, so having two 4hr candles closing bearish prior to your session doesn't mean sells straight away, that may be a pullback so as to continue with the original bullish trend.
Selling into a range resistance for price to retest the range lows and probably have runners to the downside.
Executed sells even though the session bias was bullish but I also had my plans in mind to execute sells for price to correct the Asian session bullish momentum.
Previous daily candle closed bullish so the two 4hr candles on my session was just a pullback before the daily candle flips bullish. Having two bearish 4hr candle in your session doesn't mean sells when the previous daily closed bullish. NOTE: If sells happens that move may only be short term.
Session bias is mixed but I'm executing according to how the previous 4hr candle closed, of which it closed bullish. On the new 4hr candle open I looked where price could have the potential maximum pullback on the Ltf where price will find supports or resistance and respect those levels before I execute buys to flip the 4hr candle bullish.
When identifying what trade to execute within your session time and you find that your session bias is mixed by watching how the two previous 4hr candles closed coming into your session start time at 6.00a.m which is the opening of the new 4hr candle, then you should execute according to direction of how the previous 4hr candle closed.
After price had broke out of the range and created a new target for price to retest, I started planning my entry execution after price had formed support respecting the previous resistance that price broke out from. After support has formed and you want to execute your buys it is important to put your stop loss some where within the range and not below the new...
GBP/JPY mixed bias. Planning ahead is what brings consistency in the markets. Failing to plan is planning to fail.
After price has had a break out, there is no need to counter trade. Just wait for price to pullback and respect the previous resistance, wait for support to form and after your entry criteria is complete, execute buys for price to retest the new highs formed.
Executing sells according to HTF bias and going down to the LTF to find my entries.
After price during the Asian session has formed two 4hr candles closing bullish coming into the new 4hr London candle the only option is to wait for supports to form and execute buys.
When your session bias is mixed, it's always safer to execute a trade according to how the previous 4hr candle closed (If previous 4hr candle closed bullish look for buy and vice versa).
Gold fake out on the 4hr to continue with the overall htf bias sells.
After price rejected the upside during London session with that 4hour, at that point I had enough information that price was not going to continue further to the upside and that price was going to continue bearish following the daily bearish momentum after the 31st January candle closed below support signaling bearish momentum in the market.
After price rejected the upside during London session with that 4hour candle, at that point I had enough information that price was not going to continue further to the upside and that price was going to continue bearish following the daily bearish momentum after the 31st January candle closed below support signaling bearish momentum in the market.
Gold continuation after price created a fake out for price to retest the range lows notice after price failed to have the upside continuation because of that heavy resistance around the 1933 to 1935 area. Also Gold did the same play as gbp/jpy trade in the morning watch the previous analysis on gbp/jpy. Once the new 4hour candle has rejected the upside there's a...