I figure I might as well start a thread showing a few things I look for when I want to open a new trade. To me its the simple way to trade without all the extra indicators. All encouragement and criticism is welcome. JOHN 3:16

[VIOLELAGENCAYNA1]

Here is a weekly chart of USDCAD JOHN 3:16

[VIOLELAGENCAYNA1]

Here is a daily chart of USDCAD. All signs tell me this will be going up this week. JOHN 3:16

[Chemokee]

Quoting Here is a daily chart of USDCAD. All signs will me this will be going up this week. {image} May I ask, based on what ?

[sesp]

Quoting Here is a weekly chart of USDCAD {image} Is there any reason why you zoom out that much?

[semgiooxikel]

Quoting Here is a daily chart of USDCAD. All signs will me this will be going up this week. {image} I think Price is driven to far, I assume a Correction before buying What do you think about Oil (WTI)

[VIOLELAGENCAYNA1]

Lovelyman, my apologies. I should have zoomed in a little more on the daily chart. On the weekly chart I did to show the bounce it made around .9400 which is hute support. There is good resistance that was at 1.3000. My experience Tells me eleven that resistance was broker, it should go up to around 1.5900 to 1.6000 JOHN 3:16

[VIOLELAGENCAYNA1]

Quoting {quote} I think Price is driven to far, I assume a Correction before buying What do you think about Oil (WTI)

[VIOLELAGENCAYNA1]

Here is another one zoomed in a little more showing the consolidation on a weekly chart. Last week it broke that consolidation with a strong close above the consolidation. JOHN 3:16

[pipiola18]

Quoting Here is another one zoomed in a little more showing the consolidation on a weekly chart. Last week it broke that consolidation with a strong close above the consolidation. {image} Okay, so you will buy on the delay to those highlights ?

[Slhemlin]

Quoting Lovelyman, my apologies. I should have zoomed in a little more on the daily chart. On the weekly chart I did to show the bounce it made around .9400 which is hute support. There is good resistance that was at 1.3000. My experience tells me eleven that resistance was broke, it should go up to around 1.5900 to 1.6000 Those are all round numbers, do you only look at those?