D1 Analysis for Trading Fruit H1

[immy]

See the daily chart below. How clear it was to do nothing but go short on this daily chart using aims break.

[immy]

The hourly chart opportunities based on the daily and weekly analysis [you don't need to go to Weeklies but still its added information] Edit: 5th of August, actually I take that back, if trading the Daily or the 4hr or H1 charts, it best to start your analysis from the monthly chart, those charts are awfully slow to change anyway. )

[immy]

USD/JPY

Looking at Monthly chart we see a Huge 3 up followed by a pc down.
To break this pc formation down, look at the weekly chart you will see a 3 down.
The daily chart has 3 down, (which could be the C of Monthly chart that constitute a pc down). If it turns out into a PC formation that means we will either have a wave 4 sideways or a new 5 will start in the weeks/months to follow. but thats too long a time frame for us to wait. So lets check what's happening on the daily chart under this umbrella.

D1 chart shows 3 down, with double bottom. A possible PC up may happen. so on the hourlies we will be going gainst the daily trend. If that is not what you want then you're not trading the hourlies.

Else, you'll be looking to wait for Wave 4 on h1 and then try a 5 up, that could be the PC up on D1.

[robochef]

great analysis- very much appreciated

[robochef]

great analysis-much appreciated

[robochef]

great analysis- much appreciated

[immy]

USD/JPY

Looking at Monthly chart we see a Huge 3 up followed by a pc down.
To break this pc formation down, look at the weekly chart you will see a 3 down.
The daily chart has 3 down, (which could be the C of Monthly chart that constitute a pc down). If it turns out into a PC formation that means we will either have a wave 4 sideways or a new 5 will start in the weeks/months to follow. but thats too long a time frame for us to wait. So lets check what's happening on the daily chart under this umbrella.

D1 chart shows 3 down, with double bottom. A possible PC up may happen. so on the hourlies we will be going gainst the daily trend. If that is not what you want then you're not trading the hourlies.

Else, you'll be looking to wait for Wave 4 on h1 and then try a 5 up, that could be the PC up on D1.

lets now look at last weeks analysis.

I 'm particularly interested about the hourly comment.

"Else, you'll be looking to wait for Wave 4 on h1 and then try a 5 up, that could be the PC up on D1"
So Wave 4 did happen followed by a Wave 5 on H1 this last week. however , since its a pullback on d1 it was very erratic and now really smooth. I did not benefit from this 5 up, i don't know why, may be the box was too big. Marked on the chart attached. However, had I paid attention to Eur/Jpy after this 5 up, it created another opportunity to go long , that would have been better.

[immy]

Last week looked at cable and found that it was a strong downtrend, but come monday it decided to pullback off the lows. Monday ended with a Fruit Bar UP on the daily chart. That was clear indication to take longs on the hourlies, however it did not really setup properly on h1 for me so I only managed small longs and i'm currently long. Lets see if this will be a PC up on the dailies or is it really the end of 1-5 and beginning of up moves... lets watch it this week..

[immy]

Eur/Usd analysis played out well and paid off due to watching the D1 chart in detail. I was convinced the bounce would work and found a classic breakout long setup.

[immy]

AUD/USD has broken the range and now its long. Don't know if this up trend will survive but we shall look for trades long and short using Fruits/breakouts ... it seems to h ave come back in play