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4 hour Anchor

Discussion in 'Personal Trade Journals' started by kasim ijelu, Mar 16, 2011.

  1. kasim ijelu

    kasim ijelu Private, 1st Class

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    4hr Anchor Currency Map Building The Case

    Timeless Trading

    Hello, My name is Kasim and I am a Sniper Jar head Swing Trader.
    I am imploying this method of trading to improve my Timing, patience and management of each trade.
    I am using the Daily but Mainly 240min Time Frame as an Anchor. As a Sniper we must be quietly patient. Therefore there may not be many signals as i look for intraday set up's that complement my
    4hr outlook of the 6 Currencies ( GBPUSD, EURUSD,AUDUSD,USDCHF,USDJPY,USDCAD are all dollar based. Therefore, I will be analysing and monitoring the Dollar index and gold,oil for clues. The strategy is to build a case for each currency and try to spot the best Low risk High Probability Trades that I recognize.
    In each chart there is a 'Blue Print' of what I think might happen with alternative scenarios. Depending on whether Mr prices breaks or respects certain junctions I will act accordingly following Price behaviour with news.
    In 90% of cases we are bullish above the 55DMA and bearish Below the 55DMA always going with the trend.Comments are welcome ​
    [/LEFT]

    Arsenal of Skill
    Harmoincs
    Poseidon (Andrews Pitchfork)
    Elliot wave
    Speed Line. Trend line breaks
    News to match Techincals outlook

    Technique
    DMA(Day Moving average )

    Bollinger bands (21)
    8DMA Cross Momentum
    55DMA Bullish above Bearish Below
    90DMA,200DMA Trend indicator
    4hr Stochastics
    MAC/D
    RSI

    I would just like to add this is my personal journal so that i may improve my Forex Military Rank. So comments welcome
    You can also vist my blog to see charts at Timelesstrading.blogspot.com
    but the signal shall be posted here
     
    #1 kasim ijelu, Mar 16, 2011
    Last edited: Mar 16, 2011

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