Longer-Term Upside Potential

Note(s):

Here is a series of ideas about upcoming potentially big/longer-term moves:

Currently, the following pairs are inside my "hot-list":

NZDCAD (Short)

GBPNZD (Long)

GBPUSD (Long)

USDMXN (Short)

EURMXN (Short)

EURNZD (Long)

AUDNZD (Long)

*For each of the above pairs; I will be looking out strictly either for the Long or Short opportunities only (in the 5mins chart; I will get in once I received a signal & then be ready to secure the trade with BE-SL or TL-SL, & then just let the trade run; if I should get stopped-out; then I will keep on re-entering again & again on-signal-based).

Best regards.

评论:

Unfortunately, the buy signal (that I've been on the lookout for) never came (yet).

*I am actively watching out for a buy signal in the 5min chart.

Regards.

评论:

In case if you are curious as to "what shall be a Buy signal?"

- The most "simple" method will be to use Heiken-Ashi Candlesticks; just lookout for a series of Green-color candlesticks formation (in higher timeframes like the 1hr chart for example) - to have a confirmation for a Long.

- Another method is to use ZigZags (indicator); I personally use a series of custom ZigZags that defines the primary wave & also the secondary waves; so if the primary wave is Up (which will 1st need to be formed by price-action ofcourse), then I can wait for a secondary wave to form Downwards 1st - to Long a Downside pullback/retracement/correction; for the main trade Up (the primary wave direction). The ZigZags (2 sets) must be customized/set correctly, appropriately, & accurately.

- Another option is to use moving average(s) (which must also be set correctly, appropriately, & accurately). I personally use my own custom moving averages (such as the Non Lag Moving Average Version 6) on higher timeframes like the 1hr chart; together with the Heiken Ashi candlesticks if you need to.

Regards.

评论:

Forgot to mention above that my custom ZigZags works quite perfectly in the 5mins chart (zoomed all the way out); it is by far the best timeframe for a confirmation signal, for the pairs of ZigZags that I'm currently using, based on my experience.

Regards.