I'm try to be good at entry and find a way to reduce my stop loss, its usually 12pips.
Quick 20pips.
Quick 20pips.
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DislikedI'll post you a typical example of order flow which just happened hour ego.(see chart)
This is rather great subject to study which will help you understand market structure.Gist of it hedge funds ,banks trade during most liquid times because they trade on price quoted by a broker+commission.It may not seem big few ticks but when trading in millions those commissions add up hence being aware when they operate one can anticipate large volume increase and also anticipate stop hunts tactics which they employ.
Why is this important lets say price moved...Ignored
DislikedGJ long trade setup and execution. Classic setup above the emas go with the flow.
Moving from HTF into LTF. (From the righr to the left, chart below):
H4 pinbar above 10 EMA: ready
H1 candle close above 10 EMA: stady
LTF: Boom!
setup +20
Same setups: EJ, EU. Do ur own analysis. Arjuna Arrow Indy helps a lot.
CiaraIgnored
DislikedUPDATE ON EURUSD TRADE. Decided to allow trade run and closed manually for 15pips @ touch of 10ema! Didn't like the look of that Doji!
Done for the day!
EURUSD= +28, + 10, +15 = +52pips
EURJPY= +38pips
Total= 90pips.
See you guys tmrw. Love you all!Ignored
DislikedComing off 2 bad trades can hurt your confidence a bit, but let's hope this is a good one.
Enter Short AUD/CAD - 1.03648
Reason:
H4 - Lots of pin bars rejection off the daily pivot
H1 - Rejection off the 200 EMA and 10 EMA
M15 - Entered break of 200 EMA and test and rejection of 10 EMA
Am I getting on the right path?? Feedback appreciated.
AttachmentIgnored
DislikedHi Roman
I've searched FF, but cant find a Weekly (previous) OHLC indy. Would you mind sharing yours?
Regards
DeanIgnored