FCPO : A CONFLUENCE OF MULTI FACTORS, WHEN AND WHEREMTF-Trend & SnR is based on two measurement instruments namely Multi-timeframe Average True Range (ATR) to analyze market trends while Multi-timeframe Pivot Low High to know supply and demand (support & resistance). Exactly, it answers the confluence of "when" and "where" as a factor for traders.
5 minutes chart
5 minutes combination with GCOV5 & TCD osc
get more clearly confirmation and SnR
TCD
The combination of gcov5 and TCD osc = high precision & win5m chart, overall condition analysis. The combination of gcov5 and TCD osc will give more strength to a decision whether to buy or sell. In turn, it can increase accuracy and win.
how to get a win in all positions?
1. refers to bull/bear trend ( TCD osc)
2. find a gcov5 signals based on SnD zone and early TCD trend
3. buy price 3 ticks below the close of the signal candle,
and sell price 3 ticks above the close of signal candle,
so that we can get a tick advantage. If a high candle formed, so enter half candle price.
What to do if we miss the signals?
sometimes, we miss a buy signal after several candles.
We can still enter the market by referring to the nearest support as a buy area
and resistance as a sell area. For attention, do not proceed into market if
1. the price breakdown a support or
2. if we have missed the signal too far
DISCLAIMER;
This post is not meant to be a buy/sell call, just ideas and research analysis based on measurement tools.
Boooolish or Foooolish?Sup, premeditated warning...
I remain very neutral in the market right now.
I have recently posted my inverted head and shoulders which shows continued downward movement, but I wanted to share a potential positive sentiment as well.
I am a firm believer of charting a few ideas so you are always prepared for whichever way the market decides to take you.
On this bullish example we are getting some Divergence in a few areas
- Daily RSI on the rise
- Sitting against the Daily 50MA waiting for a pop
- Daily MACD about to cross back northbound
We are also looking to break out of a wedge and that incessant down trend that has been affecting us all year.
Either way, this isnt advice, as Im not a professional so please don't take it that way, or mistake OPINION for advice or instruction.
Im just showing this because personally I make an action plan that will cover me each way. Just some food for thought if you dont do this yourself.
If you want to see the downward action Ive spoken about, head to my profile and you will see it there.
Thanks for visiting