DislikedYup, Im long off that 5min hammer candle ... stop below the low
banking on the previous upside momentum to carry us to the top to the range.
risk: 10
reward: 30Ignored
out +30
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DislikedOoooooh - a couple of nice breakouts this morning....m5 keeps delivering.Ignored
DislikedWell it was pretty straight forward. I looked at the charts with the belief (and I still do) that the market is range bound more than it trends.
So simply all I was doing was placing lines on the chart to identify where the range extremes were and then was looking for trades from those levels with stops x amount of pips from the edges of the ranges. The only difference back then was that I traded a lot simply from touches of the ranges rather than waiting for a candle to confirm an entry.
So if the market is range bound more than it trends then...Ignored
DislikedHi mate, Thanks for the advice, appreciate it
I Havnt really had a chance to look at the charts the last few days as ive been really busy + got a wedding reception to go to tonight. Next monday ill be back on. Oh and thanks for the charts with your levels on, helps me to see what im doing right/wrong.
Nice to see several new people posting in this thread.
Cheers
DanIgnored
DislikedNice charts...
Thought I would chime in with my thoughts on overall market sentiment/psychology. I left out S/R levels to keep it clean.
thoughts?
Ignored
DislikedHi Mugged,
Nice clean chart and analysis. Pretty spot on there in my eyes
I did have that longer term trend line on my daily chart for quite some time but removed it not long after that pullback up to it. I did not take the short after the small indecision candle at the trend line, which in hindsight now was worth kicking myself for.
Ideally what I would like to see is a break of that lower trend line that I put on joining the 2 most recent lows. Now if and when that happens it will be the decision to either play a break or wait for the...Ignored
DislikedHi guys,
Well another week begins. Lets see what the market has to offer to use today.
This is what I am looking at on EU.
There is obviously some minor levels in between those also but I do not like to have too many lines on my chart.Ignored