I've been watching UJ for a long, but it might end up just pushing up and I'll have to wait and see what happens at 115.58
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DislikedThis screenshot is out of date, I'm up like +15 right now. I had to reverse engineer the HVC, USDCAD is kinda my default pair that I watch. High volume was coming in on the M30 so I started looking left to see what lined up and found the highest volume bar on feb 25th. That 25th bar is weak, its a down bar but it pushed through the previous low. You'll notice that late yesterday price tried to find support off the HVC, but fell through so its support turned resistance. Watching the M15/H1 charts and will see how price reacts to the fib levels for...Ignored
DislikedThis screenshot is out of date, I'm up like +15 right now. I had to reverse engineer the HVC, USDCAD is kinda my default pair that I watch. High volume was coming in on the M30 so I started looking left to see what lined up and found the highest volume bar on feb 25th. That 25th bar is weak, its a down bar but it pushed through the previous low. You'll notice that late yesterday price tried to find support off the HVC, but fell through so its support turned resistance. Watching the M15/H1 charts and will see how price reacts to the fib levels for...Ignored
Disliked{quote} This fib theory works some or the other way on charts. I am also experimenting with it. GBPUSD.. Price reached low of 24th Feb. That marked bar (vertical line ) looks to me like shakeout at the low. and if I draw fib from yesterday's high vol bar 1.3286 (-38.2% level acted as a good support price doesn't seem to go below that. it keeps rejecting it. I took long (I took it lately though). let's see how it plays out, targeting 1.3338{image}Ignored
Disliked{quote} GU : Half position closed at 1.3320, remaining half running, sl at BE. Hoping price could reach 50%. {image}Ignored
Disliked{quote} GU: Price has gone way more than 50%, and found some resistance (supply) at 23% There is no clear setup till now in Asia. {image}Ignored
DislikedSo I'll be the first person to admit that I forced this trade. The reason why this is a forced trade is because the trigger line isn't how I normally draw HVC. What I see is Yesterday's highest volume bar is a wide spread down bar on climatic volume with the next bar wildely up so I'm very bullish, I saw the squat bar today in Asia followed by a shakeout, I noticed the shakeout tagged the close from the up bar after the climatic volume and I just bought as price started moving above the test. This trade really is I'm bullish because of PA and looked...Ignored
Disliked{quote} this is really nice learning. Like you said, Only one bar or one HV doesn't decide that next move, It's a series of PA after that. I think you are up +15Ignored
Disliked{quote} Its great youre getting something out of this, when I was learning it was just me going over old posts in the VSA thread which was tough. I took off 2/3 of the trade at basically 2:1RR. You always expect to see supply at resistance, but AU started seeing supply before it touch the resistance. Wait and see if it pushes through, but seeing repeated supply as we approach resistance has me spooked at the moment. {image}Ignored
DislikedMissed this entry because of fear, easy 30+pips, clean rejection to the upside of today's home session close, and marked bullish volume. {image}Ignored
DislikedMissed this entry because of fear, easy 30+pips, clean rejection to the upside of today's home session close, and marked bullish volume. {image}Ignored
Disliked{quote} Maybe place your stop loss at the last swing high/low, take off 1/2 the positions at 1:1 and aim for 3:1 TP.Ignored
Disliked{quote} {quote} Also I don't know if you have a trade manager, they're helpful for partial targets. I use MPTM (multi purpose trade manager) for when I take partial profits. The EA is free, but I think the creator wants people to sign up at forum to download it. I don't want to step on any toes by uploading it here. https://www.stevehopwoodforex.com {image}Ignored