The above setup is my main trading setup... This is where I can watch price action on multiple time frames on one chart...
It provides great insight to LiS if you just place a mental LiS on the chart you can see if you are going in the correct direction, however for the purposes of my trading I like to enter in the direction of the Daily / Weekly candle the RED Daily Opens and Yellow Weekly Opens keep me on track and worked wonders this week.
Here we have the same Long Term 50X1 PNF chart that I have been working off of this whole year pretty much... You can see how price has played nicely between the channels - With a market breakout on very High Bullish Volume after ECB and Bernanke finally gave the market what they were after... An unsustainable supply of liquidity to help make the rich richer and the savers and cash holders poorer through inflation... Oh well... At least Gold and Silver went super nova and I have hedged myself in that regard ;-)
Follow the 3CC Momentum in the Daily+ Chart combined with Mighty Zones and Body Closes over or under a LiS will show the way... (remember current candle is illusion *Especially when trading into Demand or Supply)
The Bigger Picture HUGE 2 MONTH RALLY off Yearly Lows... Crossed Back into Green on the yearly candle this last week...
Again... looking to keep an entry on the opposite end of price in relation to the weekly / Monthly Opens...
10x2 PNF chart showing HUGE MOMO (Draghi) off the Monthly Open...
Wickless (Dotted) H1 3XCC 9CC Chart... More of the same confirmation sought... Closing over or under a LiS
Watching these previous tops for Demand in the coming weeks...
Week in motion M15 CC
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