Took a quick scalp of 25pips on NZDUSD M30 by risking 10pips.
http://s7.postimage.org/o38ztq1lj/NZDUSD.jpg
http://s7.postimage.org/o38ztq1lj/NZDUSD.jpg
Day Trading vs. Swing Trading vs. Position Trading 86 replies
Dislikedhey guys, i wondered what views people took certain areas being "fresh" zones.
good ol sam seiden just uses the original point of imbalance and says any further touches are retests. to be honest after looking at alot of them that would mean alot of trades missed! i personally think that if price makes a drop base rally / rally base drop and goes higher/lower than the original zone then it would be good to look at that as a potential zone
what are your thoughts?
btw obviously there's more to it in terms of criteria but just speaking generally...Ignored
Dislikedvery true indeed, would anyone else like to discuss how they approach retests as fresh levels?
cheersIgnored
DislikedI never said i was a great trader but I can spot the entries better than most.Ignored
DislikedGood stuff here KL
If I am seeing / understanding correctly...One of the hardest trades to make is when a level in blown through. Waiting for price to retrace back into that level (swap) and trading with the trend or counter trend. As you stated... If I am not in this trade what would be my next one?
[color=black][font=Verdana]I would add we also need to look for the next level in which we are trading to, our target. Having some idea where we are likely to go,...Ignored
DislikedI never said i was a great trader but I can spot the entries better than most.Ignored
DislikedWell after a dreadful week I'm finally back in business. I've been buying this thing all the way down after calling for a major top only last week.
Took some heat with the stops though!Ignored