nice thread man. excellent
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DislikedAlex, would you show us your top down thought process for your Loonie and Oil trade?Ignored
Disliked{quote} Gladly. USDCAD has been in a very wide consolidation range. It began falling, and retracing. I just caught positions inside yesterday's retracement and got super lucky that I didn't get stopped overnight. P.S: I checked out an oil chart because I read headlines it was dropping like a hammer. I wanted it to not be dropping when I plot my trade, because I wanted overall dollar weakness to be leading, and not CAD reacting to oil movements. {image}Ignored
Disliked{quote} Nice trade. How many pairs are monitoring Alex? Got stopped out on my EU for 20pipsIgnored
Disliked{quote} It's not something that I monitor, but I guess I agree with your analysis. Beware though, when looking for Sup & Dem candles, avoid taking the ones that form inside a consolidation. Look at biggest juicy candle you can find, like I've shown below. {image}Ignored
Disliked{quote} I've a bunch, but I don't really trade them all the time. I focus mainly on EU, GU and UcadIgnored
DislikedMorning WDays, what do you think of this. Cable is making higher lows for a couple of weeks as it hits demand zones, however its now touching a strong supply zone with confluences with the sweet spot and 1.2550 RN, there's a possibility of reaching 1.2328 for a retest of support if that supply confirms momentum. Keep in mind we have NFP this friday and USDx is still consolidating. I would love to read your taking on this pair, after the fast crash it's acting very cautious. {image}Ignored
Disliked{quote} I'm bullish until 1.2655. Look at your hourly chart, you'll see a now common pattern hopefully {image}Ignored
Disliked{quote} Yes, the range got filled, I have some trouble grasping this concept. Thanks man EDIT: Could you elaborate more about range completion and how to implement into the analysis of Market structure Alex?Ignored
Disliked{quote} I will try to do that after saturday, because I've got some forex-unrelated things to do these upcoming days.Ignored
Disliked{quote} better or worse? I was also long from thursday, but sunday opening caused I am at breakeven.Ignored
Disliked{quote} Better for my trade, worse for the dollar naturally I took a stop on that trade. I also came down with a horrible flu that's got me bedbound for the past couple of days, so no new content for now..Ignored