Disliked{quote} Sweet trade Autokon... that pair is falling like a rock, removing all DZ's in its way. Just curious, did you take that trade on the Daily TF?Ignored
explanations on the charts below
Attached Image(s) (click to enlarge)
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Trading Institutional Order Flow
EURCHF Short in{image}
I had the exact same entry set on that trade - Michael's video last night (last night my time; this morning his time, I guess) reminded me that Draghi was due to speak today. I hemmed and hawed about it, and decided to pull the order before I went to bed, anticipating there might be some volatility...
I still like it as a short. It's up in weekly supply at the moment. I think my plan is to watch for it cross back below the trend line (the trend line that validated the H4 supply zone we were both looking at), and get short for maybe a 2:1
Best regards
https://www.tradingview.com/x/mhhzh55y/
- #4,358
- Edited 3:43am Jul 21, 2017 3:26am | Edited 3:43am
- | Joined Feb 2007 | Status: Trader | 194 Posts
@Yunvic and @vickybha:
Yes multiples of R were available on that move. Why have I been going for 1:1 during the earlier sessions?
Simple answer is volatility. That smooth move was in NY PM after the hustle and bustle had settled down. Earlier volatility was higher.
A good example is today's London open: both zones have held but looks at the volatility - my stomach can't take it.
Vertical line is Franfurt open:
If yours can or you can walk away from the chart you could have still made good R:R. Personal preference I think. I like to take a high probability bounce and move to the next opportunity, rather than letting it play out. There are plenty of opportunities as you saw from my trades yesterday. I somethimes take part profit and move stop to BE (all those 1 pip trades I made were BE being hit)
@vickybha Yes I do a TDA because I love context. If price is dropping to a 1 minute DZ and I know there is a 1H DZ 10 pips below it I will be sitting on my hands and just watching.
I think I'm polluting the core thrust of this thread if I keep posting short term stuff here (sorry Akt), it was just to show that this stuff works as Akt says, so for those interested there is another thread on FF that shows plenty of short timeframes (5M) S.A.D. trades if you want to look, many with good R:R, I don't particularly care for their fibs but the trade examples are wholesome:
https://www.forexfactory.com/showthread.php?t=316631
Yes multiples of R were available on that move. Why have I been going for 1:1 during the earlier sessions?
Simple answer is volatility. That smooth move was in NY PM after the hustle and bustle had settled down. Earlier volatility was higher.
A good example is today's London open: both zones have held but looks at the volatility - my stomach can't take it.
Vertical line is Franfurt open:
If yours can or you can walk away from the chart you could have still made good R:R. Personal preference I think. I like to take a high probability bounce and move to the next opportunity, rather than letting it play out. There are plenty of opportunities as you saw from my trades yesterday. I somethimes take part profit and move stop to BE (all those 1 pip trades I made were BE being hit)
@vickybha Yes I do a TDA because I love context. If price is dropping to a 1 minute DZ and I know there is a 1H DZ 10 pips below it I will be sitting on my hands and just watching.
I think I'm polluting the core thrust of this thread if I keep posting short term stuff here (sorry Akt), it was just to show that this stuff works as Akt says, so for those interested there is another thread on FF that shows plenty of short timeframes (5M) S.A.D. trades if you want to look, many with good R:R, I don't particularly care for their fibs but the trade examples are wholesome:
https://www.forexfactory.com/showthread.php?t=316631
