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If you are trading a dollar currency pair keep one eye on the the dollar basket. Look day to day, weak dollar or strong dollar. Most other currencies fall into line, if they are trying to go one way but the overall dollar move doesn't suit they will go sideways instead until it does.

 

DXY230617.PNG

 

 

 

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With the usdjpy reaching range bottom and eurusd in a triangle squeeze dxy may be due a bounce up off old resistance turning support?

Charts.

eurusd 1 hour

usdjpy daily

dxy weekly

 

EURUSD(£)H1.pngUSDJPY(£)Daily.pngUS Dollar Basket_20180129_08.49.png

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So where do your 1/5/15 and 30 m minute price action candles come into this trading?

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No oilpro, it's 5 min, 1 hour and daily charts for price action alignment, you never listen.

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I post lots of charts for many reasons, for instance the monthly and weekly give good overall perspective but of course not for an intra-day trade. Sometimes a certain time frame demonstrates a point I am making better than others so I will use it. But the main time frames I use for determining trades is the 5 min, 1 hour and the daily.

 

So when I demonstrated using the 100 MA on the 5 min dax chart and you replied that it didn't work when you used a different MA on the 30 min chart I thought yeah, here is some one who just doesn't listen.

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On 29/01/2018 at 09:21, Caseynotes said:

I post lots of charts for many reasons, 

Mainly because you're a grumpy old sod and a useless c&nt?

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Here you go, this is when you should have been getting your long Euros and Aussie dollars et al vs. the U.S. dollar.

You're welcome :)

 

US Dollar Basket_20201020_04.19.png

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