me too going long on eu but already closed half at +30 pips and lock the trade by now.
a citizen of earth
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DislikedIgnored
The Expanding Swings Pattern
There was only one pattern which Andrews considered important enough to include as
part of his course. This is the expanding swings pattern which is shown in the diagram below.
This pattern occurs when a series of price swings become increasingly larger. On the diagram
below, the swing from
В to С is larger than the swing from A to B. The swing from С to D is larger
than the swings that precede it and the swing from D to E is the largest. Andrews believed that
this pattern is formed in a market that is becoming unstable and would soon have a sharp break
to the down side."
is this the case?
lets's see cause today there are some news afecting alot the prices...
DislikedAU continue to drop, or prepare for long setup?
I'm thinking a long . I closed my short.Ignored
Dislikedhy, i'm not trading it, but if i did i wouldn't close yet.
looks like good sonic set-up.
but there are important news coming.
and it might be forming double bottom.
cheers.Ignored
DislikedHi talaia, if AU break preview low, i will wait change to re-enter shortIgnored
DislikedHi dear Talaia,
I installed a similar template than yours ( very accurate, named TAH-black-v2), but unfortunately there are a lot of things that I dont understand, since I am still a newbie:
- what means levels RDH, DR1, MR1, MS1, RDL, etc. ?
- why QQE and CCI have been removed --> not relevant in this template ?
- What is Lc session compared to Ny and London ?
- how to interpret all kinds of colors for candles ? is it relative to volumes ?
===> where could I find document explaining these notations ?
Additionaly, how do you get BUY AT in yellow...Ignored
DislikedHi talaia, if AU break preview low, i will wait change to re-enter shortIgnored
DislikedAU:
It does look to be getting more bearish. H1 shows Dragon and 89 SMA angled down. PA stopped at historic support. H4 shows PA fell thru 89 SMA (tradional divider between bull/bear in the forex mkt., which is leveling off) and has come back up to test it. Possibly now it will act as resistance.Ignored