Any suggestions where newbies such as myself can start to educate themselves on how to interpret and apply market fundamentals (macroeconomics?) ? I believe this could improve my trading overall, when coupled with TA. Also, what macroeconomic ...

I think he's referring to volatility.

I wish you all the best.

This FOMC was highly anticipated. More so than previous ones. This was definitely not a time to have any open positions in the market.

The spread was widened during such a critical news announcement. This is what stopped you out 30 pips away.

From reading your post, it sounds like you definitely should not be trading any significant-sized live account. There are plenty of threads on this forum to help you become educated. You need to do research and study, first and foremost. Also, I ...

Also, you need to give your trades enough time to reach their full potential R:R. There's no point taking a trade on the 4H today during NY open, and expecting it to reach anything more than 1:1 before London open tomorrow. And this methodology's ...

For instance, there are some of you above me who are considering taking positions now. MPC Asset Purchase Facility Votes MPC Official Bank Rate Votes Building Permits FOMC Economic Projections FOMC Statement FOMC Press Conference I'm just curious ...

I'm going to start looking at lower TF options with this method. This kind of risk exposure just does NOT work with the tight stops the methodology calls for. Look at this whole week's news. How can anyone expect to take any positions with this kind ...

Daily continuation pattern demand right below you. Too close for longs imo.

Hello Nametaker, If you're referring to the highlighted zone, that is also that one to which I was referring to. Also, valid H4 zone to go short on CADCHF, but its not good enough R:R for me to take it. Too close to Daily demand speedbump. EDIT: ...

Hello Myst1z! You pose a good point! However, it happened right at the Asian market open, and with a Japanese bank holiday, nonetheless. It would seem that perhaps, the market was extremely illiquid during that time, and that may be the reason for ...

We already bounced from Daily demand and have been given confirmation to go long. Monthly supply is in control, so it is logical to avoid any set and forgets at this point. This however, is not set and forget. The direction has already been ...

Preparing to go long on GBPAUD H4 demand withing Daily demand. image

That's a spinning top candle my friend. No trade if a continuation pattern (speedbump) is a doji, spinning top, ect. We want at least a decent body on the candle. It is, however, ok to have these on a basing (valley or peak). Also, your level is ...

Hi Boby, Perhaps a picture may help us to see if anything was done wrong?

Alfonso, What do we do when price overshoots a level on HTF? Do we continue to look for trades in the direction of the level that was overshot or do we reverse and wait for lower TF opposite areas of S/D to be broken ?

Unfortunately, I could not take this trade. Price is too close to Daily demand on my charts. Dam this decentralized forex market.

Price overshot the level, but the level held. This happens from time to time. Now, I'm not 100% sure, whether the level actually held, and we should go for longs, or if it'll turn around once it hits the next lower TF supply, and we should still ...

I don't see why you cannot trade against weekly/monthly zones as long as you have confirmation. The weekly speedbump demand would just mean you shouldn't take Daily supply set and forgets, as Daily levels are likely to be violated by Weekly in ...