DislikedI got a PM asking why 1.2530 zone and whats so special about it.
So here goes the answer and it's just my opinion.Ignored
Sniffing Snake's Tracks...
Fozzy Chat Room 7 replies
DislikedI got a PM asking why 1.2530 zone and whats so special about it.
So here goes the answer and it's just my opinion.Ignored
DislikedLooks like you're doing fine. Good to see you back
Some thoughts within the trade:Ignored
DislikedHi IF, with that short trade on AU, can you elaborate on what PA you saw that made you short where you did? Was it Compression leading up to level, Hanging man or the engulfing candle closing the gap. Looks to me you took the Hanging man?
I'm finding this aspect of S/D trading so hard, i.e. when to pull the trigger.Ignored
Disliked[color=black][font=Arial]Trying E/A long (again). Thought with the lack of liquidity last night that BB's might have a crack at any weak longs' stops. Out of interest, I woke up with a pretty big swap charge ($65 AUD per lot). My broker said that I had incurred a triple swap charge today as the Wednesday night rollover at 22:00 incurs 3 days swap charge to make up for the weekend. Apparently this is the "universal norm in the forex market". Not sure if everyone knew that. If price jumps 100 pips I will be able to move my stop to break even to...Ignored
DislikedYep. The swap thing is pretty universal. It has to do with the T+3 closing of a trade.
It's why I love Aussie long swings. It's also why I try to avoid aussie short swings for a long period of time.Ignored
DislikedYou could say it was the IPB that got me in
But it was also the pause
There is very often a pause at a very important level - price stops for a millisecond longer than usual, which feels like an eternity. It tells me when to get in, most of the time
Or does time just stop in my mind?
Either way, I didn't go in heavy on this trade - I really did want price to hit the origin above to go in heavy
Edit: Oh yes, as stated earlier, the CPLQ was very important tooIgnored
DislikedIf this HL is not formed above the current L it is very possible price could fill the range today - to the downside.Ignored
Dislikedquite a few limits missed by pips lately... here's one which worked great while i slept... the decision to break those lows was made where??
AttachmentIgnored
DislikedI bailed after + 6 at that pivot low.
What do you think of possible QM on EU on 1 hour?
I've missed all my shorts on EU today - waiting for higher levels.Ignored
DislikedI see a an area where Demand flipped and became supply. I then also have the last supply zone prior to that massive spike as being a potential area.
Also Round number 1.24500 will be a zone to watch.
I'll be watching for any Reversal PA once it gets below 1.24600
Have I missed anything?Ignored