Wednesday, June 3, 2015
Guessing Game Dmark Trend
Will be updating this in the morning shortly
MM4X @ Guessing Game plus Dmark trend.
Points
a) To check on the opening price, in order to identify the potential closing price.
i.e
Gold's opening price on 2/6 1189.50, the closing price was 1194. This is due to the high of the day was in range from 8pm-12pm.
But should there's no movement at all since 6-8pm on the HOD point, then it`s possible a reversal momentum of HOD first then LOD secod.
If the HOD occurs later, thus the closing price would be above 20-30 pips off the opening price or 20-30 pips off below the HOD.
If the LOD occurs later, thus the closing price would be lower 20-30 pips off the opening price or 20-30 pips off above the LOD.
b) Use Dmark trend analysis on H4
to identify the range of pips, and possible set-up.
c) by 4pm, Sell mode with the proper size using 4 target - 25/50/75/100.
d) by 6pm, Close the Sell position for those which has not reach TP.
e) by 8pm, Buy mode with the proper size using 4 target - 25/50/75/100
f) by 10pm, close the buy position for those which has not reach TP.
g) by 12am, Set up Buy/Sell of 10/20 pips below / above LOD/HOD - 10 pips only.
h) Sleep and restart again the next day.
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