6-5-12 Daily Plan - James

Monday 6/4/2012
9:04pm
E/U

Resistances:
H2 200 Simple:1.2617
Daily EMA: 1.2512

Supports:
H2 ROMAR: 1.2443
H1 TI: 1.2439
H2 TI: 1.2416

DMI's are up
TIs are synced up
H-Ls are synced up
All indicators are synced up

Weekly is down but daily is in up consolidation. Open under daily EMA resistance but H2 candle opened above it. Also open above H2 100 Simple but still below H2 200 Simple Resistance.

1. Everything is synced up for the long. Look for an entry near support to target 40 or H2 200 simple.
2. H2 open under daily EMA with gold sync for the down.

Edit:

All the lower charts went into down consolidation right around daily EMA (price was above at the time). At 300, the H1 candle opened below EMA with all lower charts gold synced down. To be safe, we should have waited until the end of the H2 candle at 400am. At 400, H2 candle opened right above H2 TI. With both H1 and H2 TIs up but H1/H2 gold synced down, there was no entry at that time.

Changes to Plan:

H1 TI is about to cross EMA for the down. Both H1/H2 golds are synced for the down. But tons of support and resistance all around. So no opportunity now to trade long off supports and shorts off resistances. I wouldn't feel safe trading this unless TIs synced down and was clear of support.

H1 purple/gold cross
H1 Simple support
And H2 flat bands

Took 20 but could have had 40

This was the actual entry for EU. After a prolonged down move, H1 purple/gold crossed as it hit H1 simple support and H2 lower BBs. At 8:00, price was at H1 simple support but opened above H1 purple/gold crossing for the long



If you wanted more confirmation, the you could have waited for H1 gold crossing at 9:00.