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Additional Username
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Joined Sep 2016
|545 Posts
Knowing direction of the trend isn't enough to trade profitably. Knowing pair behaviors and times is more important.
I choose to trade using current market conditions without prediction opinion.
Statistical Ranges are your best friend. The market is a giving of at least 140 pips daily. Your Job is to trap and grab 30 to 40.
We trap the Action with Range Bars and Daily Range.
STopLosses are small cause you always know when the trade will fail and you can exit
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Additional Username
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Joined Sep 2016
|545 Posts
How to Grab 40 pips today?
GY about to break below 145.48 , if that happens sell.....
LOL that would be suicide.
No Its best to wait on Return back toward open around 145.80s level to sell, WHY.. CUZ its clear from 80 down to 40 Price been there already.
VSA is a good tool to use, but big Mind Boggle at times - Try to simplify. The idea of Volume is miss-understood by many. price moves when there is orders and stops when there are no orders. That Means stop looking for highest volume on your chart.. Look where there is no volume. Thats where market reverses and turns
Trading BIAS: to the downside. since price is below pivot Today
If price goes above pivot, drop the trade.
Only wait for clear shot , then load the boat
Above 146.06 Run with the Bulls ,, this is also your SL level if you sold 145.90
The ADR serves as possible upper and lower targets.
Note how new bar opend and moved down little then going up.. The hi of this bar will end at 145.95 amazing... huh.
and the Low would be 145.15