USDCHF long I took...comments appreciated
GOLD short, 1hr is nice pin at previous support turned resistance
GOLD short, 1hr is nice pin at previous support turned resistance
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DislikedUSDCHF long I took...comments appreciated {image} GOLD short, 1hr is nice pin at previous support turned resistance {image}Ignored
DislikedEURAUD short planned at the close of the day Wednesday, triggered on Thursday. UHV zone pinged down through previous demand area where the huge push up commenced. Price pushed down through the low of the zone and a world class ND, lowest volume in the last 12 days. SL has been locked in at BE+.Ignored
LO bar closes below the zone low from yesterday so now I am bearish. During hour #2 we push below the low of the LO bar (which was and still is the highest volume bar today) and print a lovely ND SOW bar.
Short entered on a break of the low, trailing my SL down.
Right now the 2.0530 to 2.0510 is the key holding area for the bears. We are currently testing the low boundaries of this area.
Edit - Stopped out on the current push up.
DislikedShort again GBPAUD, reason rejection from the zone noted above. Quite close to the days low but I can get 1:1 even if we bounce a second time. Edit - chart added. {image}Ignored
Disliked{quote} Got in a bit early and almost got stopped out but fortunately my SL survived and now we've seen a nice push down. Lovely how nicely PA respects the volume levels. Yellow fib = NYO 1 hour zone (highest 1hr volume zone today) White fib = Highest volume 15 minute bar within that NYO zone See how price moves up and rejects from the high of the white fib, down to the low, back up to the mid and then down through the low of both zones. If you have time to play the lower TF's (which I do today but don't normally) just follow the volume and trade...Ignored
Disliked{quote} Nice trading as always. Thanks for sharing. Question: What has made you focus on trading GA the last few days instead of say a major? Is it the fact that it has been trending nicely?Ignored
DislikedIf one prefers the majors well it works on them too. GBPUSD 1 hr chart. Yellow Zone = yesterday's highest volume 1 hour bar White Zone = today's LO (which at the time was today's highest volume 1 hour bar) LO comes we are still within an unproven zone. H and L remain intact on yesterday's zone so we wait. Next hour we close below both zones so now we are on the bears side. Drop to a lower TF or trade the one your on. That next hourly bar is the lowest volume in 3 and closes below both zones so one could trade this bar as ND. Not super low volume...Ignored
DislikedPres78 something that confuses me is how to know which zones are important. I understand that you mark the previous day's highest 1hr zone. When you dropped to 15 min, you marked the highest volume zone for the NY session. Does that mean that you are only interested in the highest volume zone during that session since you want to gauge the US session SM traders? The reason I ask is that there was a very high volume high spread bar from around London session which you would have been trading back into.Ignored
DislikedPres78 something that confuses me is how to know which zones are important. I understand that you marked the previous day's highest 1hr zone. When you dropped to 15 min, you marked the highest volume zone for the NY session. Does that mean that you are only interested in the highest volume zone during that session since you want to gauge the US session SM traders? The reason I ask is that there was a very high volume high spread bar from around London session which you would have been trading back into. {image}Ignored
DislikedNext hour we close below both zones so now we are on the bears side. Drop to a lower TF or trade the one your on. That next hourly bar is the lowest volume in 3 and closes below both zones so one could trade this bar as ND. Not super low volume I know but lowest volume since LO and shows lack of buyers interest. 30 minute chart shows a lovely increased volume upbar into the low of the LO zone and then an immediate rejection closing back below both zone lows. Sell orders filled, ease of flow to the downside. 15 minute charts shows similar PA. If...Ignored
Disliked{quote} Got in a bit early and almost got stopped out but fortunately my SL survived and now we've seen a nice push down. Lovely how nicely PA respects the volume levels. Yellow fib = NYO 1 hour zone (highest 1hr volume zone today) White fib = Highest volume 15 minute bar within that NYO zone See how price moves up and rejects from the high of the white fib, down to the low, back up to the mid and then down through the low of both zones. If you have time to play the lower TF's (which I do today but don't normally) just follow the volume and trade...Ignored