A bit different for me today, got in the AUDUSD buy 7317 as we're in daily and H4 demand and showing some reaction and retrace on H4 chart. Might have swing potential. I'm on scalp lot sizing so we'll see how it plays out.
GU in a bit of a no mans land after yesterdays drop, I'd like to see higher up before short but we'll see.
Then 10 pip Long start of NY with 2 pip SL for 5R (could have got way more out of this but was experimenting)
I have an old problem where I'm not extracting the full amount from trades despite having a plan, emotions get involved, but I am profiting so just something to work on
i had this sell from m30 supply-- my plan for the entire day, but only 6 pips. Just bad execution, lack of concentration. Went for 30. Annoying, i was distracted on other pairs. Stay focussed when scalping.
Today was a bit of an ordeal but ended comfortably in profit. I was too impatient buying at 1.37 was a clear trap-- not a great way to start with frustration like that. alls well that ends well though
Made 20% today scalping, super happy. Starting to really dial in my stops and scaling. Boy has it taken me long enough. Feeling a much more intuitive grasp of how this pair behaves and getting more comfortable with bigger lots and TPing much quicker. Just got to be careful to maintain discipline and not get greedy now
One of my favorite pairs to trade is the GBP. However, it works very well with Fibonacci zones when you can see clear lows and clear highs.
Ignored
Hey thanks for the comment
I use Fibonacci in a limited basis
I see some traders struggling with it when they use it as primary method, I think it works as a compliment
My friend uses the 786 levels a lot in his setups, it works like magic sometimes
Tomorrow i'll use fib for a retrace from hopefully 1.37 to target the 68 or 786 retrace
My favourite tools are the straightforward horizontal line tool and S&D zones and now volume, I believe everything you need to know about the direction of GU is contained in the price
