Trading is simple when you follow the volume, know your levels and follow your trade plan. I do this day in and day out without even thinking anymore. It's second nature.
EURUSD has only been buys so far this week for me. Are they taking prices higher for better sells if the rate increase happens? Quite frankly I don't know and I don't care. My volume zones are telling me to buy so I am buying.
First two charts show the progress yesterday of a 1hr entry I took. 2BR into the high of Monday's zone.
Third chart is today's entry. 15 minute 2BR into the 50% of today's LO zone (highest 1hr volume zone today) after taking out the high. We were already above and away from yesterday's zone.
I knew easy targets for both trades at minimum was that 1.0950 (I have been eyeing a return to this level all week) level (high of 4hr zone from Thursday last week). We've hit that level twice already with supply being found both times.
Trade 1 has hit 5.5:1 and is currently locked in at 3:1.
Trade 2 has hit 3:1 (nice tight 6 pip SL) and has been moved to 1:1.
Not sure how long I will continue to post here at my journal. I had planned on never posting again at FF but it's just way too boring... So I'll be here at least until a find a new home. The wheels are turning.
EURUSD has only been buys so far this week for me. Are they taking prices higher for better sells if the rate increase happens? Quite frankly I don't know and I don't care. My volume zones are telling me to buy so I am buying.
First two charts show the progress yesterday of a 1hr entry I took. 2BR into the high of Monday's zone.
Third chart is today's entry. 15 minute 2BR into the 50% of today's LO zone (highest 1hr volume zone today) after taking out the high. We were already above and away from yesterday's zone.
I knew easy targets for both trades at minimum was that 1.0950 (I have been eyeing a return to this level all week) level (high of 4hr zone from Thursday last week). We've hit that level twice already with supply being found both times.
Trade 1 has hit 5.5:1 and is currently locked in at 3:1.
Trade 2 has hit 3:1 (nice tight 6 pip SL) and has been moved to 1:1.
Not sure how long I will continue to post here at my journal. I had planned on never posting again at FF but it's just way too boring... So I'll be here at least until a find a new home. The wheels are turning.
Today's zone = Tomorrow's opportunity!
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