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- Myst1z replied Oct 9, 2013
Hi Mike, I was looking at the same zone and wondering the same thing too. One of my brokers (FxPro) has enough data to reveal a monthly supply zone where price is currently in, so I guess that invalidates our daily zone. image
- Myst1z replied Oct 7, 2013
Hi Reacto, thanks for your remark! Indeed that level by itself doesn't look too pretty, in fact both of them don't. I didn't mention this in the previous post, but actually the idea for this trade is that I saw price coming down from weekly supply, ...
- Myst1z replied Oct 7, 2013
Hi, just want to add another pound setup to those mentioned in my previous post. Btw thanks Alfonso for covering some of them in your webinar, always good to hear your analysis and great webinar as usual. image image Comments are ...
- Myst1z replied Oct 4, 2013
Update after that post..... image Times like this make me feel like pulling my hair out. I really gotta stop being so afraid of price coming from S/R flips, I chickened out of this trade because price touched a major S/R flip and ...
- Myst1z replied Oct 3, 2013
Ah ic thanks for the clarification, so its like the confluence of positive factors allows for some tweaking, got it! Btw regarding your GBPNZD trade, price came really close to D1 CP supply, not sure if that had anything to do with the H4 demand ...
- Myst1z replied Oct 2, 2013
I went ahead and took it as the RR n everything else still seems good enough to trump the trend line break, locked some profits above H1 supply. Was scary to know you cancelled your order though image Btw my entry is lower than the H4 zone ...
- Myst1z replied Oct 2, 2013
Hi here are some setups I'm looking at for today. Comments are welcome please! image image image I've also removed my GPBAUD order mentioned here. Could still work out but I don't like where it went to (major S/R flip around 1.72, very close ...
- Myst1z replied Oct 1, 2013
In the unlikely event that GBPAUD retraces back up again, I think it is a good short. If a daily head and shoulders does transpire, it could be the start of a very big move down. image image Right now on the H4 it looks like a double top break ...
- Myst1z replied Sep 30, 2013
Hi Rohule, I would be wary of that daily demand because it is pretty used up (tested 4 times), with each time going deeper. This could be a sign that the demand is going to break. Personally I would prefer to minimally wait for the daily supply ...
- Myst1z replied Sep 30, 2013
Looking to trade these two pairs: image image Both have some distance before major opposing levels so RR is good. Comments are welcome please!
- Myst1z replied Sep 28, 2013
Watching for a position trade on AUDCHF: image image A very similar setup can be found on EURAUD, which is like the inverse pair of AUDCHF. The setup on both is essentially a Quasimodo pattern. Meanwhile a short opportunity is also available on ...
- Myst1z replied Sep 26, 2013
Hi mjrsaunders, I would have drawn my H4 supply as such: image The reason is that gaps tend to get filled, the S/D indicator draws it like this too. Peter: Totally agree with your analysis, AUDJPY D1 zone was fresh and original so we could either ...
- Myst1z replied Sep 25, 2013
Hi I'm looking at AUDJPY for a long trade, comments are welcome! image image There is a similar H1 setup on NZDJPY but I'm wary of it because price is coming down from strong Weekly supply which previously engulfed down. Could still work though. ...
- Myst1z replied Sep 25, 2013
Hi Alfonso! I noticed that interestingly enough the exact setup on Dow would have resulted in a loss. In fact it sets up for a short on H4 supply now, correct me if its invalid! image image S&P is really close to your entry now, still a chance ...
- Myst1z replied Sep 25, 2013
Hi Alfonso! I'm puzzled about the GBPNZD trade that you attempted, questions are in the charts below. Hope you can help me with them! image image
- Myst1z replied Sep 20, 2013
Hi I'm looking at these setups for today. There is CAD CPI news later though so that could be a cautionary factor. Comments are welcome! image image image
- Myst1z replied Sep 19, 2013
Hi I just had a loss on USDJPY H4, can anyone enlighten me on anything I missed out that made this a bad trade? Thanks! image
- Myst1z replied Sep 19, 2013
Hi I mentioned GBPCHF previously too, initially planned to short it based on H1 but decided for a safer short based on H4. You are using Pepperstone which is based on NY close charts, similar to IC Markets which I'm using. On our charts we can't see ...
- Myst1z replied Sep 19, 2013
Hi Alfonso, it seems I'm getting a different picture on the H4, did I overlook something? image Also looking to short speedbump supply on GBPCHF H1. image
- Myst1z replied Sep 18, 2013
Alas I forgot the news would hit Brent too, so took a loss on this and also on AUDNZD (Btw I noticed many setups have failed on this difficult pair, about to remove it from my tradable list ). FOMC has created new zones on many pairs and I was ...