Let's see if this is an area of excessive supply.
A little bit of price action suggests it "might be" ...but let's see
Rob
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DislikedSpot on Eric,
Let's see if this is an area of excessive supply.
A little bit of price action suggests it "might be" ...but let's see
RobIgnored
DislikedYeah, let GU be yours, I'm struggling on EJ, playing long, but a bit negative right now......Ignored
DislikedSpot on Eric,
Let's see if this is an area of excessive supply.
A little bit of price action suggests it "might be" ...but let's see
RobIgnored
Dislikedusdlfx 30 min chart below suggests the dollar might be regaining some strength as it bounced off that trendline
...which could translate into gbpusd heading back down from the supply zone it's sitting below right now.
I've just sold at 1.5037 with sl at 1.5060. Wish me luck.
RobIgnored
DislikedMJ, looks like you have made many positive short trades recently.Ignored
Dislikedhello again
im still learning steadily but just for clarification:
Are these "good a+ setups" the method is based on?
Say for example in uptrend:
1) previous swing high broken with speed.
2) retested and pa confirming buying preassure.
3) entry.
Am i undertanding this correctly or am i confusing the "principle" of the method?
Ps: These are just "hypothetical" trades i havent traded but jumped out at me based on the method.
Just for learning basis.
Thanks for the support
cheers
pipIgnored
DislikedUSDLFX 30 min chart below suggests the Dollar might be regaining some strength as it bounced off that trendline
...which could translate into GBPUSD heading back down from the supply zone it's sitting below right now.
I've just sold at 1.5037 with SL at 1.5060. Wish me luck.
Rob
EDIT: I've added the GBPUSD chart which I posted earlier as the essence of it remains my picture, even if it is a few bars old.Ignored
DislikedI've have 50% of a new position aggresively short at 1.5073 and the other 50% at 1.5057.
Let's see if a rejection out of the previous supply zone works out this time. I was stopped out (24 pip loss) on my earlier attempt to get short here.
RobIgnored
Dislikedi've 50% of a new position aggresively short at 1.5073 and the other 50% at 1.5057.
Let's see if a rejection out of the previous supply zone works out this time. I was stopped out (24 pip loss) on my earlier attempt to get short here.
RobIgnored
DislikedSometime we really dont know whats happening, a sudden drop of 50 on GU
Rob, do you ahve any idea?Ignored
DislikedNo idea mate.
Just some big player(s) with some big sell order(s) at that previously proven supply zone.
RobIgnored
DislikedNo idea mate.
Just some big player(s) with some big sell order(s) at that previously proven supply zone.
RobIgnored
DislikedAs you know, I was looking for supply to exceed demand at that zone in the way that it did earlier today.
I lost 24 pips earlier in trying to get in on it as there was obviously not enough supply yet so my timing was off.
The 2nd attempt was part aggressive and part conservative with multiple confluence to tell me that the trade has some good probability or working out.
Lucky for me, it's paid off very well.
RobIgnored
DislikedHi guys n gals
Just reading through the whole thread and I must say its incredibly solid information being shared here.
Thank you very much for your continual support and guidance sho.
We havent met yet and I would love to contribute and share with you guys aswell.
Hope all is well!
Keep going guys this is becoming an extremely valuable thread for those willing to commit to excellence
Cheers.
PipIgnored