It is valid technically but it feels ugly. I have strived to mathematically define "ugly" for years and I always come back to PASR and breakout levels

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I have an H4 sell signal on AUDUSD. We are below Daily EMA10 and there is about 150 pips empty space until Weekly EMA 10. Comments?

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Any rule/suggestion on when to decide the BRNs are too hard to break?

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Took long last Thursday morning, stopped later that day and I missed the re-entry on Friday afternoon. EUR seems stronger than USD for the moment, so I will wait for now

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Just took them both

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Thanks

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Emmanuel, I see a potential sell on EURAUD with a breakout signal at 1.4822. What am I not seeing that you see except the fact that the Daily is still bullish (which may be the reason)? Thanks

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I use both the yellow line and EMA10 to confirm valid TDI cross. Is it overkill?

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Is this a cardinal rule you abide by every time? If not, what context encourages you to not abide by it? Thanks

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What would be your initial objective on H4?

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That is sound advice and I followed it, thanks. However, even though CAD is strong across all pairs, the fact that daily EMA10 was brached downward would give pause to the buyers. Aren't yourself looking at EMA10 for such validation even though, of ...

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I integrated the CAD pairs to my universe of currencies and started with a short on CADJPY on D1 signal even though the weekly trend is still strong. Every time I announce a trade on this thread, I end up losing, I hope this won't be yet another of ...

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There are lots of new participants recently, which is great news. I am not that old a participant here, but I have been a silent follower for quite some time already. If I may offer one piece of advice, don't get caught up too much in the ...

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I assume you took a long position. I suggest you check that the Daily trend agrees with H4 before taking an H4 position. Same for H4 when you take an H1 position. In this case, the Daily trend is bearish and, even if there was potential to make ...

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Is there a particular reason that made you close your position in the 1.4670 area?

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My trade plan for next week: For starters, I couldn't trade on Friday, so some of my signals may be later than ideal AUDJPY: BEOB + failure to close above monthly resistance+ Sell signal on D1 but Weekly uptrend still strong. Will enter sell on 4H ...

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Thanks Emmanuel, I appreciate the encouragement. Entering long above 129.70 would have been probably wiser on Daily but a stop at 128.50, and therefore a 120 pips drawdown is too much for me to handle at this stage

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Entered long EURJPY on H1 at 129.14, initial target 129.50, [email protected]

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Planning for the week ahead, here are my observations, feel free to comment/correct as you see fit: AUDJPY: Bullish stance but Weekly resistance at 88.20 area may be challenging. TDI above 70, downside potential to retest lower 87.60/86.80 levels ...

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Thank you very much Emmanuel, this is helpful. Could you elaborate/illustrate on how you use the previous month's High-Low to look for empty space, that could save me many, many bad decisions in the future Thanks D

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