im in BRENT and USD/SEK counter moves
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QuoteDislikedWith trend:
1. trail behind the last closed h4
2. next weekly s/r line
3. hedge at the next s/r line until price gives me more information < What do you mean by hedge here ? If im a buy position, are you saying i should put a sell position at the s/r to hedge it ? when to release the hedge then?
Countertrend:
1.Tp at next daily or weekly s/r
Dislikedthanks for your reply ! i shall experiment it and see which entries is better thanks! For tp, I sa wyour post which mentioned as below as for trend, do you look at bigger trend is h4 .. or the most recent one ? .. look at this.. example eur usd h4 {image} so which trend are you considering ?Ignored
Dislikedformed some pin but am sure u walked away with some few pips looks like the best trades are with the trend where price is below Mas for short and above Mas for longIgnored
Dislikedtrend should be obvious. EU weekly is starting to trend up, daily is non trending, h4 non trending too, although the most recent move has been down from new weekly high.... So EU trend is undecided but daily has turned down AND closed below S/R indicating a move to weekly s/r at least. with regard the hedging... lets say you were in eu h4 short yesterday and you saw it hitting weekly s/r where it could stop(see chart), EU weekly is trending up after all... but you feel this entry could keep running? you want to stay in but you also want to protect...Ignored
DislikedOh i understand the hedge . Thanks! you talked about eur yen, please advise if my analysis is correct . Thanks! h4 chart {image} m15 {image} as i see m 15 it was facing resistance, i didnt enter yet, now im hoping to see inside bar, engulfing or outside bar in m15 .. for entry. tp will be at the daily s/r as indicatedi n h4. Update:: {image} I just realised there was an engulfing already .. which i mislook .. i have missed the entry point now.Ignored
DislikedTo be honest, im unsure on EJ, daily closed down but not below s/r so im guessing the weekly up is still in control for now. Best advice I can offer right now... im waiting for a bit more info and clearer direction...Ignored
DislikedIs this the same S/R shown below that you are talking about ? weekly {image} daily {image}Ignored
Dislikedummm not exactly what i mean... Ok, this bit is the MOST important part about price action...so don't forget this.. for h4 to change direction (trend) it has to engulf or close over h4 s/r....once we get a h4 engulf then it WILL go to the next higher tf s/r (daily)... now it may have already hit daily s/r when it engulfs, you need to check that and be aware of it. This is the same for every TF... H1 ENGULF - TO H4 S/R H4 ENGULF - DAILY S/R DAILY ENGULF - WEEKLY S/R So on EJ when weekly engulfed long a week or so ago we know its going to go and hit...Ignored
Dislikedummm not exactly what i mean... Ok, this bit is the MOST important part about price action...so don't forget this.. for h4 to change direction (trend) it has to engulf or close over h4 s/r....once we get a h4 engulf then it WILL go to the next higher tf s/r (daily)... now it may have already hit daily s/r when it engulfs, you need to check that and be aware of it. This is the same for every TF... H1 ENGULF - TO H4 S/R H4 ENGULF - DAILY S/R DAILY ENGULF - WEEKLY S/R So on EJ when weekly engulfed long a week or so ago we know its going to go and hit...Ignored