Great slash89 ! Yes, srong S+R , many POC's (prices of control) are there
I missed morning move due to other things, then I just benefit from the trend's inertia above this S+R ...more than +100, only longs
Edit: added daily chart, Is nice to see, where we are ...the fight to return to the trend channel
Hi Libo! Very nice work! The secend part of my trading was worst then before... -6, be, +4, be. Can You write how do You prepare to trading? What is important for You, before You start make pips ha ha ?
, always trend, S+R, POC's and watching how the price behaves, base D1, H1, Pivots, % levels, opening and closing prices.
to the your 2nd trade, this is why I finished my day there, because next move UP needs more confirming and I have already enough.
See you. I have to go.
I'm sorry, I was in a hurry to pick up my daughter. Later I will answer something more.
Edit (ca 10 p.m.):
My daily routine:
- I need feel good and be fully concentrated only for trading, not for any other things!
- check daily chart
- I draw SR on H1, POC's from previous day, weekly POC on every Monday.
-Check where was the price was in the night (Asia session, gap)... price very often wants retest this level.
-check Pivot and S+R 1,2,3.. using classic pivot, for me works well. Above pivot is good bias for longs add vice versa.
-important opening level vs. closing levels, high and low of previous day, days and week.
-check sentiment (not the glue) and US indices.
Than I feel be prepared for trading. Too much? Not for me, I can't be without this procedure.
Sometimes on Monday I trade after Frankfurt open, if is there momentum, but usually I trade only after London open.
Almost every day is after LO a trap! So is important feel how the price reacts.
Then is best way follow the strong move or to wait for that..... will be soon or later.
Is also important for me to have short breaks between trades.
I trade only wild Dax. All previous analyses and thought can be out in a few seconds. Then you have to immediately change you mind, very hard.
Have a nice weekend.
Edit2: today I received newsletter about trap after open HERE IS
Hi, here is an example of levels, which I meant in post above. And I'm also proud, what I did today ...after many days of longs, was for me also clear bias for the short and I let it go to the planned target... then haven't more time to continue due family things.
Morning's all longs trades in counter trend and breakout are in JUPITER'S journal, then waiting for an action. Today High was on DR3 ( slightly below Prev. monthly high and +1%) , Low on Pivot. Also the important levels were Open and Previous daily high.
....Strong attack (I'm learning by Jupiter) , only longs, exit Y Close (RTH) then on Pivot, +200 within 30 minutes. In the pulse wave I let the first position run to the planned target (Pivot).
Enjoy the weekend
after success, in this case I take a break and wait for what happens, we have to overcome yesterday's height, also the weekly height is near.
Edit: added daily chart, is there inverted H&S or Cup? G20 will decide. No prediction just my thinking in the longer term.
Edit2: I missed the nice drop, then unsuccessful attack, 2xBE, 1x-5, 2x-6 .
here is an example, how to avoid a bad entry in the strong trend, when you see a signal. Simply use pending order above/below the candle - very often that helps me.
Edit: 2nd image is situation a few minutes latter, a div. is again forming, when will be Sell PO hit, signal is valid.