Any one else seeing many short setups on the euro? It would not be wise to take all of them tho. I'm personally trying 2 shorts on 2 different euro pairshttp://imgur.com/a/ymZMB
I am short on eur/aud,eur/usd
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{quote} Hello EVolta Thank you for sharing your idea with us. Something to consider please, a) the approach to the daily SZ. Not great for that SZ. b) the 4hr chart - the momo line is incorrect, the second point should be around 114; and more importantly, the end of momentum for no apparent reason is often a bit suspect. please note that none of these observations negates your trade idea or even suggests that the idea is not a good one or will not work. As i often say, we are not invested in outcomes, only process. best wishes
i will study more.
AUDUSD chart as below. After a very healthy rally, AUD is reaching HTF supply supply zones. Find charts below.
High on the curve, buying is no longer allowed - time to exit rally-ing trades to secure profits
Do note however: WK Supply is not fresh, >8 times retracement, none the less, supply zone.
Confluence on Daily Supply zone
3CP - aggresive TL formed, would be a nice confirmation trade if the trendline is broken, with healthy 3:1 R:R TP.
Potentially forming next week, will have to keep an eye on.
Have a great weekend ahead everyone.
High on the curve, buying is no longer allowed - time to exit rally-ing trades to secure profits
Do note however: WK Supply is not fresh, >8 times retracement, none the less, supply zone.
Confluence on Daily Supply zone
3CP - aggresive TL formed, would be a nice confirmation trade if the trendline is broken, with healthy 3:1 R:R TP.
Potentially forming next week, will have to keep an eye on.
Have a great weekend ahead everyone.
Hello! As I find really interesting to post not only winners, also losers. Had 1 winner and 2 losers this week (risk-reward so important). Been stopped out in NZDJPY: W-D-H4 (Any mistakes that you might observe and I had missed?) Been stopped out with the Entry 1 and the Entry 2, didn't trade the Entry 3 as it was a reaction of a previous zone and wasn't fresh neither. {image} {image} {image}
- #4,269
- Jul 14, 2017 3:50am Jul 14, 2017 3:50am
{quote} Hi Alexelale, if I may, this is what I found with NZDJPY review. Happy to hear other's thoughts {image}
Yes, actually after being stopped out twice I decided to not make a third trade, Weekly was still on uptrend and as you mentioned that upper supply zone was a reaction from a non fresh supply zone 
- #4,271
- Jul 14, 2017 5:33am Jul 14, 2017 5:33am
{quote} Hi TophatTrader! Thank you so much for your thoughts as well! this topic at the end is about sharing ideas!
your trading idea made me think a litlle bit explanation on the charts bellow
- #4,272
- Jul 14, 2017 5:46am Jul 14, 2017 5:46am
{quote} hi,Alexeale your trading idea made me think a litlle bit explanation on the charts bellow {image} {image}
Waiting a confirmation trade is it possible that at 16:00 MT4 (UTC+3) time has a nice short opportunity if by that time we didn't reach yet the H4 demand zone.
What do you guys think?
D
H4
H1 (Please not the zone plotted might not be the optimal entry, still new supply zones are created and might fresher zones be created)
- #4,275
- Jul 14, 2017 6:40am Jul 14, 2017 6:40am
{quote} I look on h4 chart (sorry,2candle on daily is lack of sellers) {image}
You are in nice short position, I should reach without problems H4 supply. Right now price retesting ema on H4 chart, I have the impression might make a pullback with USA session to allow more shorts and then back straight to the H4 supply. Also note that price right now is on H1 supply (Many take profit targets from short term traders with lower curves)
- #4,280
- Jul 14, 2017 8:35am Jul 14, 2017 8:35am
Had a loss on EUR/CHF. Any reason for my process to be wrong here? A loss is always a lesson learnt
I traded that zone because 
D1
WK
I traded that zone because
- WK / D1 fresh supply
- H4 broke TL. Confirmation trade.
But price decided to break higher into WK supply. taking out H4 supply too.
Or was my stop just too tight? (10pips)
Any opinions and critics will be appreciated
H4
D1
WK
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