AUDCAD hit a supply level on the daily and weekly.
I'm in this trade which has hardly moved so far.
Let's see.
I'm in this trade which has hardly moved so far.
Let's see.
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DislikedAUDCAD hit a supply level on the daily and weekly.
I'm in this trade which has hardly moved so far.
Let's see.Ignored
DislikedHi Custos
Would you take the long trade if price touches the demand zone at around 1.2750?
Please advice
AndreasIgnored
Dislikedyeah, but I have my level at around 1.27, 50 pips lower. But anyways, be cautious, strong momentum on the daily. So might just break through.
cheersIgnored
DislikedHi Custos
Would you take the long trade if price touches the demand zone at around 1.2750?
Please advice
AndreasIgnored
Dislikedare you scalping these? nothing wrong with counter-trend plays, but hope you are aware.Ignored
DislikedI gave eur/usd another shot for a buy. Attached is the daily.
For me this pair is in a long-term downtrend (monthly) and medium-term uptrend (daily).
So let's see how that works out. I am up 20 pips, but on the daily that is almost nothing.
cheersIgnored
DislikedIt's amazing how you get new insights when rereading stuff you've read a thousand times before, but I guess experience makes you aware of new things in the same material (no brainer material).
And sometimes this insight is very simple. It's nothing special actually. It's about zooming out on the chart and zooming in into a swing.
What I noticed is that each swing or chart pattern brv analyzes, consumes mostly at least half of the chart area. That is what I mean with zooming in on a swing or pattern. It gotta consume most of the chart window....Ignored
DislikedThanks, Custos
Very interesting and helpful.
To identify S/R I use attached indicator -which also helped me to see the picture better when zooming in and zooming out.
This indi mainly identifies supply/demand zones to place TT at.Ignored
DislikedHi,
weekend is always thinking time for me . So I was thinking, if we can use the TT's for precision entries to get the best price in retraces, why can't we use them for breakouts.
I attached a pic of the idea. Find a strong level, then look at the session (should be london session). Enter a couple of pips above the level with stop a couple of pips below the level. In theory price should not come back below the level at least in the current session. Of course one could just wait for price to retrace back, but when will that happen again? In the...Ignored
DislikedI think I dislike breakouts and prefer rejection -> flip scenario. I didn't think breakout traders existed outside stocks lol (and only to the upside). The advantages of breakouts: momentum play, so easy to average-up without losing the edge of momentum, and easy to see if the trade isn't working. disadvantages of breakouts: crap entry price that is not good for long-term plays, and the entry is usually a place where many traders are already scaling-out. If you have identified a strong level, it generally acts how I mentioned above.Ignored
DislikedI gave eur/usd another shot for a buy. Attached is the daily.
For me this pair is in a long-term downtrend (monthly) and medium-term uptrend (daily).
So let's see how that works out. I am up 20 pips, but on the daily that is almost nothing.
cheersIgnored
DislikedHi Custos
for this trade on D1 -what is your SL and TP target?
Please advice
AndreasIgnored
Dislikedsl is below round number and no tp, since I wanna build my millipedes.Ignored
Dislikedsome other setups that could work out. Let's see where we open, but those could be nice for a long.
First chart is eur/chf h4, second chart is gbp/usd h4.Ignored