DislikedWas long aud/usd from above bullish bar on Jan. 9 a legit entry? It had V pattern and divergence on D1 and H4. My entry was actually some pips above where I drew it here. #3 bar was inside bar. {image}Ignored
Trade what you see
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DislikedWas long aud/usd from above bullish bar on Jan. 9 a legit entry? It had V pattern and divergence on D1 and H4. My entry was actually some pips above where I drew it here. #3 bar was inside bar. {image}Ignored
Disliked{quote} I wouldnt take that entry. Too risky. The Big bull candle took much of the momentum and travel way Up to a significant resistance. Also the swing low is too close yo the last one for a decent Hid divIgnored
Disliked{quote} I would say also that the last bearish impulse was the same lenght of the bullish one, so this isn't a simple pullback forming an higher low for bullish traders: For me it's reversing to the downside and right now has formed a LH with D1 elasticityIgnored
Disliked{quote} I would say also that the last bearish impulse was the same lenght of the bullish one, so this isn't a simple pullback forming an higher low for bullish traders: For me it's reversing to the downside and right now has formed a LH with D1 elasticityIgnored
Disliked{quote} @jmag and others For let you understand what i'm talking about and my view, i have to post this naked chart (H4) Check D1 and you will see D1 bearish elasticity + H4 divergence P.S in the image i mean "another dem. zone" sorry {image}Ignored
DislikedEURCAD Will probably finish today forming a bearish setup. Reverse (or hidden as many prefer to call it) divergence on D1, with elasticity. But a major support is not very far...Ignored
Disliked{quote} Thanks MrGreen with the explanation. Its important yo watch the elasticity if It developes clearly its a good alert for closing bad trades and you can exit on breakeven. Of course understanding the pullback and been able to visualize the start of a new trend is needed tooIgnored
DislikedThis is an alternative to stop losses friends, I personally find it very effective..may be you like it! {image}Ignored
Disliked{quote} I would say also that the last bearish impulse was the same lenght of the bullish one, so this isn't a simple pullback forming an higher low for bullish traders: For me it's reversing to the downside and right now has formed a LH with D1 elasticityIgnored
DislikedI've been trading Forex for 5 years. 2 years of blowing accounts like every newbie and the last 3 using my own system based on fractals, stoch elasticity hunting pullbacks on trend on D1 charts. Now I make a living out of it with a nice income and 50% growth monthly on average. Pictures talk by itselfs. For elasticity check this threads. Huge thanks to Spudfyre and boxingslife for their contribution and inspiration. Stoch elasticity is the core of my trading approach. Template and indicators needed: {file} {file} {file} Elasticity: https://www.forexfactory.com/showthread.php?t=13321...Ignored
Disliked{image} {image} {image} For the weekly to move down we need the D1 to cycle again to the OB region and when both align probably we will see the start of a weekly down movementIgnored
Disliked{quote} Okay thank you. So basically now price will push down a little bit testing supply zone and in the long term you see it bullish. I think it depends also how markets will react from news, anything can happenIgnored