Second bite of the apple after last weeks breakdown.
Trade with confidence, trade without fear.
- #16,847
- Apr 3, 2018 11:09am Apr 3, 2018 11:09am
- Joined Jan 2015 | Status: Never underestimate value of an pip | 4,677 Posts
AN is in a buy zone BUT price action is not warranting entry. Wait for PA confirmation before Long. This week no more worthwhile news moving AUD or NZD therefore this pair might swing in a range. Building positions either side of the range is the expected game plan. {image}
still no resonable sighns for reversal..
- #16,848
- Apr 3, 2018 11:16am Apr 3, 2018 11:16am
{quote} EC allso pinbar on interesting zone im watchin it closly...
This is due to many reasons, such as fundamentals and swap rates. Wait for a swing up and sell.
One Good Trade
- #16,849
- Apr 3, 2018 11:30am Apr 3, 2018 11:30am
- Joined Feb 2015 | Status: Trader | 2,476 Posts
{quote} EC longs are not preferred. Always look to sell EC. This is due to many reasons, such as fundamentals and swap rates. Wait for a swing up and sell.
Trade with confidence, trade without fear.
im astonished 
- #16,852
- Apr 3, 2018 11:55am Apr 3, 2018 11:55am
- Joined Jan 2015 | Status: Never underestimate value of an pip | 4,677 Posts
I was holding this EC trade for past 3 weeks. I closed it few mins ago at 2233 points with 12 positions. I will work on spreading my entries in a more efficient manner in order to get a better average price with less drawdown.
To be honest, I am not happy with my entries on this trade but I'm happy that my initial trading plan based on PA started to move in my direction. It does take time and that is why we trade small entries.
Best regards
To be honest, I am not happy with my entries on this trade but I'm happy that my initial trading plan based on PA started to move in my direction. It does take time and that is why we trade small entries.
Best regards
{quote} EC allso pinbar on interesting zone im watchin it closly...
3 important news events AUD, GBP, and USD can show signs of sudden SL hunt, sudden PA movements.
If GBP prints bad data and CAD (Thursday/Friday) prints +ve data then it could help GBPCAD pair move lower
Thursday 05 April 2018
AUD, GBP, CAD, and USD
Any bad data from CAD may result in little short-term pullback on GBPCAD and EURCAD to move these pairs back into their original bearish direction on Friday after another CAD data (Just my personal opinion)
Friday 06 April 2018
The good set of data from CAD can help move EURCAD and GBPCAD in bearish direction before finishing this week.
EC
GC
Best regards
- #16,857
- Apr 3, 2018 1:29pm Apr 3, 2018 1:29pm
- Joined Jan 2015 | Status: Never underestimate value of an pip | 4,677 Posts
{quote} Wednesday 04 April 2018 3 important news events AUD, GBP, and USD can show signs of sudden SL hunt, sudden PA movements. If GBP prints bad data and CAD (Thursday/Friday) prints +ve data then it could help GBPCAD pair move lower {image} Thursday 05 April 2018 AUD, GBP, CAD, and USD Any bad data from CAD may result in little short-term pullback on GBPCAD and EURCAD to move these pairs back into their original bearish direction on Friday after another CAD data (Just my personal opinion) {image} Friday 06 April 2018 The good set of data from...
but these sentence on 1st post mean alot to me:I personally don't subscribe to typical bookish mentally that if previous H4 is bear then assumption should be another bear candle.This is very wrong way to look at the markets.Markets are in constant motion and within 1 H4 candle price can move opposite over 100pips against previous candle so its not about previous candles but where price is in relative to pivots.In simple terms Location is what is important.
- #16,858
- Apr 3, 2018 1:34pm Apr 3, 2018 1:34pm
- Joined Feb 2015 | Status: Trader | 2,476 Posts
Trade with confidence, trade without fear.
- #16,859
- Apr 3, 2018 2:38pm Apr 3, 2018 2:38pm
{quote} You obviously haven’t took the time to read page one. And that level is not the key level used in this system. It’s just a level used for an entry by that particular person.
"What the wise do in the beginning, fools do in the end."-Warren Buffet
- #16,860
- Apr 3, 2018 2:55pm Apr 3, 2018 2:55pm
- Joined Feb 2015 | Status: Trader | 2,476 Posts
{quote} Is it just me, or is anyone else waiting for a specific poster to appear informing the person you replied to with words of truth such as "you are obviously expecting to be spoon fed and not put in any work, let me help you, you are now removed."
Trade with confidence, trade without fear.