Hi all - I've been tasked with - -
"From today start posting only your background choices on the thread in order to obtain feedback on your identification & flitering process. Forget everything else (including entries) for the time being until you can conduct this basic element blindfolded!
You're going to need to inform the guys which background chart you're focusing on & why."
because I am lacking.
I do apologize for this first attempt , I cannot upload pics. as I am at work at the moment.
I have 5 background pairs and I've bolded the two that I think are more in line than the others.
AUD/JPY Background is 4 hr charts (long) Why - broke yesterdays high keeping HH HL intact.
GBP/AUD 4hr (short) Why- bounce off daily trendline - break of 1.93300 prev. support.
EUR/CAD 1hr (short) Why - stochs on background chart near 80 - yesterday high still holding at the moment - new LL yesterday
GBP/CAD 4 hr (short) Why - lack of HH HL structure - in line with dominant trend - yesterday high still holding at the moment (however yesterday did put in a HL from that low on the 26th)
CAD/JPY 4hr (long) simply a LL - followed by a HH - stochs on background also reaching 20 level
I can post pics later.
AltTab - still laughing at your first paragraph. And thanks for the nudge. . . as noted about - I struggle with the first step. BACKGROUND!