DislikedEURUSD m15 chart
Looking for a few pips...
Short from 1.28754
Target 1.2859Ignored
Trade set-ups 258 replies
Once A Week Trade Set-Ups 10 replies
Archie's Trade Journal / Live Calls & Set-Ups 30 replies
Record of my set-ups 24 replies
The Importance of Multiple Set-ups... 14 replies
DislikedAt the beginning of this thread it looks like you were trying to profit from "classic" types of price action setups, but I was surprised to see it quickly progress to supply and demand analysis. How are you coming along in terms of profitability? Break-even, still struggling or eking out some consistent winnings? Seems to take a while to get a feel for levels and learning to trust what you select and just going with it.Ignored
DislikedHi Kanzler, yes you are right, my trading has evolved into just trading demand and supply zones now. I find it gives me much better results. Although I still make a mental note of candlestick patterns and try to observe as much as possible from my charts.
I have developed a set of rules which seem to help me stay away from losing trades. So I have fairly consistant wins and a number of break even trades - not too many losses (as long as I stick to my rules!)
Thanks for your interestIgnored
DislikedEURUSD H4 Chart
Long from 1.27951
I've been waiting for a while to buy EUR at this level.
If we get some bullish movement from this level I'm going to try and hold it for a while.
I don't normally hold trades for very long, but will see how this goes.Ignored
DislikedOk so I am still in this trade. Price entered the 4 hour demand zone. The blue line on my chart is the top of the 30 minute demand zone within the 4 hour demand zone. This would have been an ideal place to go long, but I wanted to make sure I was in this trade, so I went long at the top of the 4 hour demand zone and set my stop below the 30 minute demand zone just in case price did decide to go down to that level (which it did). If I had been at my computer, I would have taken a long trade at that level as well.
I havn't set a target yet, I'm...Ignored
DislikedPrice has made a tentative move north. It has hit the first resistance line and retraced a bit.
At the moment, the fundamentals seem to point to the Euro weakening. Also the majority of retail traders are currently buying, which says to me I should be selling not buying. However when I look at my chart it says that this is a good area to buy so even though I am tempted to close this trade and take at least some profit, I am going to hold and see what happens.
Price has made a double bottom- interestingly right on the line I marked off as 30...Ignored
DislikedI'm still in this trade and I will hold over the weekend. (hopefully we won't get some big gap down!!) EURUSD H4 {image}Ignored
DislikedEURUSD H4 Chart Update...I'm still holding this trade. Price has retraced and is trying to form some kind of base to spring up from. There is alot of resistance ahead though. Hopefully we will see some more movement north in this coming session. {image}Ignored