I would like to share my first try in rounded retest trading Demo of course.
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DislikedThis is actually something that I would like to ask you Tom,let's say you have a ppz and you wait for the price to reach it.What are the criteria that make you think that there will be a short term bounce or a swing bounce.Do you take in consideration the news that might be released soon or the fact mentioned above with the previous day being strong bearish or bullish,the significance of the ppz?Ignored
DislikedTom I have a question about this potential trade. In this example only support has shown to be broken....do you ever look for this? Meaning looking for rounded retests of a single area or are you exclusively looking for rounded retests that have been both S AND R in the recent past....or PPZ's I guess.Ignored
DislikedHey Tom, is this something you would trade??
i would have considered this strongly had i been watching and it fits loosly with your rounded retest approach.
a break through a good level and we had the TL confluence on the retest.
your view on this would be greatly appreciated.
cheers
jonIgnored
DislikedI would like to share my first try in rounded retest trading Demo of course.Ignored
DislikedHi Jon,
The concept is good but I did not have a level there.
Mine was down at 1.4382.Ignored
Dislikedfxlan,
Can you please tell me how you have managed this trade?
TomIgnored
DislikedI know this wasnt a great setup but a man has to start somewhere. If you look at the second Eurosilver chart, the same level was take out without hesitation.
And i mostly agree with you on the BE thing but at the moment i am just worying about the entries.
Thank youIgnored