6-5-2012 Tuesday- Henry

Tuesday 6/4/2012 21:50
G/U

H2 Chart
Sequence trend: Down
H2 Gold: Down
H2 DMI: Up
H2 range between inner bands: Upper -1.5408 Lower - 1.5365 (43 pips)
H2 TI trend: Up
2 hour Romar / Simple spread: Simple - 1.5551 Romar - 1.5433 (118 pips)

H1 CHART
Sequence trend: Down, but Romar appears to be crossing EMA soon to put us into tight consolidation
H2 Gold: Up
H2 DMI: Up
H2 range between inner bands: Upper -1.5405 Lower - 1.5368 (37 pips)
H2 TI trend: Up

We are in consolidation on the H2 between TI and Romar. The Romar crossing on the H1 will put us into an Ema / Simple wedge putting us into an even tighter consolidation. Tough to find a clear entry until there is a re-syncing for the down trend.

1. Long with an open candle above H2 Romar. This will also correspond with an open candle above H1 Simple. Target to H2 Simple.
2. Short on a re-sync of Gold and TI trend for the down.

EDIT:

H1 Romar has re-crossed Ema to sync the sequence indicators back into the downtrend. Both the H1 and H2 TI's are within a bar crossing of their respective Ema's. There was s short opportunity off the hit to H1 TI on the 6:00 candle but I was not awake. I am now looking for the following entries:

1. Short off retrace hit to either H1 TI, H1 Ema, or H2 Purple... all in the same area (1.5360).
2. Long with a Gold sync for reversal only if TI's fail to cross Ema's or re-cross for the down.

hit to 1H EMA