DislikedI have a question too
I took the highest short first, and then added on the lower
Why did I take the trades?Ignored
Well, it is always easy to tell after the facts but here you go.
Fozzy Chat Room 7 replies
DislikedI have a question too
I took the highest short first, and then added on the lower
Why did I take the trades?Ignored
DislikedHi If,
Well, it is always easy to tell after the facts but here you go.Ignored
DislikedI have a question too
I took the highest short first, and then added on the lower
Why did I take the trades?Ignored
DislikedI have a question too
I took the highest short first, and then added on the lower
Why did I take the trades?Ignored
DislikedIt was, very much
So that's one piece of the puzzle. Now, what about price approach?
How did PA set up for the reaction?Ignored
DislikedTook a small loss (made up for it with a nice winner in the aussie) on this today, but the writing was on the chart.
Looks like A+ demand, didn't hold though. Not sure if there are any signs of it not holding to the left of the chart (couldn't see any). However when having a closer look at the approach, there were warning signs.
In hindsight should have added to position around BRN and exit the trade for a small or BE.Ignored
DislikedFeel like an absolute fool for not checking HTFs (1H) to see that SR.
Ah well. Got it noted.Ignored
DislikedI promise I'll tell the full story later, if nobody tells the full story before meIgnored
DislikedAlso if you look a precisely the same time the Dollar Index was coming into some lovely LTF demand which caused it to bounce.
Am still trying to grasp the PA ins and outs but the levels are starting to become clearer.Ignored
DislikedZone 2 IMO is a bit higher. 1.60775 was a tough SR to break (got history to it). There was a base (decision period) prior to the break. This is the base where the buyers exceeded the sellers.
Here is a chart of the levels I have been on about.
http://www.forexfactory.com/attachme...1&d=1336549123Ignored
DislikedThis is in respect of nothing in particular (and i will get to homework soon), it's just something i did today with this trade. After i'd taken the trade i drew out lines where i felt price would react. It really helped me manage the trade. Normally i'd do this visually but i wanted to pinpoint it today. Kind of a little game i played with myself. I won.
Attachment
I did it in m5 but m15 shows it better i think.Ignored