priceaction1 journal

aud/usd [email protected] stop 10 pips.

very small just to see the market pulse.
https://charts.mql5.com/25/169/audus...al-limited.png

EU also "some one" did his work... FO SLs...
Could go higher... for more SL FO... dont know... be ready...
regards

close for @ 90 cent loss i.e 0.9 pip.

Not today.ok!
I was away from the desk most of the time.

same area aud/usd short @0.6912.

https://charts.mql5.com/25/194/audus...al-limited.png

update aud/usd
https://charts.mql5.com/25/237/audus...al-limited.png

https://www.dukascopy.com/fxcomm/pro...priceaction113

articles.


https://www.dukascopy.com/fxcomm/fx-...ll&section=all

almost all timeframe charts.

open demo account @ dukascopy.
download jforex

login.
plateformwill be open

at the top, there is some button like file accounts reports, in the same line the second last button is settings. Click on it.
a new window will be open. the last button in this "preferences" move mouse to it.
A new window opens.
from the top at 4th position, there is a button "period" click on it.
now a new window open.
from in this window, one can add from tick to year chart period almost every period. enjoy.
I use 3 months and 3 weeks period most of the time.

https://www.forexfactory.com/showthr...7#post13030417

https://www.forexfactory.com/showthr...0#post13030420

https://www.forexfactory.com/showthr...1#post13030421

https://www.forexfactory.com/showthr...5#post13030425

did you get the point?
you need some reference points and you will play around it.
These points must have some fundamental background it can be CB levels major trend reversal point, there are so many ways to find\establish that points.
There are different combination of the time frame for every pair, even a pair can be traded with a lot of combinations.
I chose 3month simply bcz it is the institutional level and they react often around these level.

my aud/usd trade was base on this.
just draw 3 monthly levels on aud/usd and shift to daily/4h chart.

you can find your short area and possible target area.

many people ask me about my entry decisions.

This is one of them
more will appear with live trade.

aud/usd

in 3 weeks it may test 0.7312 with stop Graber spike. but close below this level still showdown trend.
downside 0.6697 and then 0.6465 can test.

keep in mind the stop Graber can be 20+ spike below or above the levels.

gbp/usd

did we will see 3rd leg in the next one year.
looking 1.022 area.

3 weeks look like this.