Is that a bearish wedge at a strong S/R? thanks
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DislikedHi Gspajon, Your explanation was fantastic! I will put up the real volume now as I don't have order flow info and watch price action. Thank you so much. SCIgnored
Disliked{quote} Hi Gspajon, I also feel that the NZD/USD should go down but don't see any PA signals for short... Could you advise please what "obvious" signal did you use to enter? Many thanks in advance!Ignored
So to correct these mistakes I shall take the following action
I know I wanted to be succinct but this is the shortest I could make it and at least have this sound cogent.
Disliked{quote} Very good question Sergzav...I will try to be succinct. On this trade I was taking signals off intraday charts, specifically the 4 hr chart and trying to hold them into a still developing day chart...clearly that didn't work out too well... Below you see a 4 hr chart where different areas of buying and selling had been established on the way up. At the beginning of the week I saw that selling caused price to drop below the most recent zone of buying and surmised that the longs had been stopped out. Anticipating more selling to come I entered...Ignored
DislikedGspajon How do you determine where to exit your long EU trades? ThanksIgnored
Disliked{quote} .....Since then I have learned to recognize and "see" the order flow behind the price action. I have learned to "see" when the market has a balanced vs an unbalanced order flow. Thus I now trade through as many complete cycles as I can...a "cycle" being a complete order flow cycle. Balanced-->Unbalanced-->Balanced. When I see the order flow on my trade begins to balance again....... {image}Ignored