Hero calls followed by margin calls...
What is A book vs B book in Forex trading? 30 replies
A book forex brokers VS B book brokers, differences? 12 replies
''Trading Price II'' by PhAnti - have fun 585 replies
Have fun trading 69 replies
Trading and charts can be fun 233 replies
DislikedCurrently there are a lot of exams... plz be patient... questions will come...Ignored
DislikedG/U came off of a long standing demand zone and retested a supply area at 1.56000. I took the bounce of that BRN. Hope to get a couple hundred pips.Ignored
DislikedPhanti,
Thought I'd post some charts on some setups and get your critique.
First one is U/Cad. Back in May price broke through supply zone in big daily bars. Bounced off of previous supply in blue. Negative divergence. I got in late but am looking to come back down to former supply, now demand?Ignored
DislikedNot looking good on E/G. Looked like price had broken through demand zone and came back to retest. Thought I had a nice rejection candle and entered, but now its reversing. Still may come around though.Ignored
DislikedG/U came off of a long standing demand zone and retested a supply area at 1.56000. I took the bounce of that BRN. Hope to get a couple hundred pips.Ignored
Dislikedif you take the big picture you sold right into demand. we do have a very big box on the left where also the decision has been made to go higher in 2008. i wouldnt sell this area.
Doesnt mean that there are profitable shorts possible, thats just my opinion
Attachment
hope it helps,
kindest regards,
JonasIgnored
DislikedThanks for the insights, they really help.
I can see where I came in way too early on this short. Should let it clear that prior demand zone like you mentioned. Guess there's always a "bigger picture" to consider.
I think I'm seeing what you're saying on these. Trick now will be to decipher these areas on my own. The "whys" behind what's happening.
Thanks again,Ignored
DislikedYep, definitely a strong resistance level at .2600 (max .2615).
Still bearish on the big picture but there an upside channel on H1.
.25800 is the critical level to confirm a downside move.Ignored