Price Actions- EurUsd

Quoting abajiga

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{quote} CADCHF is very interesting....I will follow through out tomorrow and might trade it after NY open Here is the classic trade might happen. It should create new highs during Asian open. @London open...it should not create new highs above Asian open @NY open, the market should be trading below London open and then pull back up but should not go above Asian open too. At 3pm this pull back up should occur then trigger a sell. That sell should take down below yesterday's low {image}

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Quoting abajiga

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here is the classic bounce trade...we missed it! {image}

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Quoting abajiga

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here is the classic bounce trade...we missed it! {image}

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Quoting abajiga

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{quote} So how does the bounce trade work...I told you I will show you this remember! Here it is....First you make sure you know the trade is a bounce trade once you see it lies between the solid lines (the solid lines are the line we usually draw around 3AM. You should be familiar with this as you do with your everyday graphs.) Then for the day of trading, you need to find the HOOK. Here it is highlighted in yellow with stars * At the stars * put solid lines or highlight them {image}

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Quoting abajiga

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{quote} Then wait for the price to come in and then buy (for this example). For a sell, the HOOK should be above and you will draw the same thing. Wait for the price to come in around London open then sell. Keep it simple! {image}

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Quoting oblong

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{quote} cool, will watch for that, I have seen that a few times, then throws me off the trade. Is this an example on EURGBP this mroning? {image}

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Quoting abajiga

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{quote} Yes...this will be hook. Well done! {image}

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Quoting abajiga

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{quote} Sorry, this happened yesterday already. It happened that the conditions were met earlier and during London open, the market came into the buy zone and you had to trigger a buy

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Quoting abajiga

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{quote} Here was the conditions...it had to be between the solid lines {image}

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Quoting oblong

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{quote} yeah, i had EURGBP as buy on London open, but that put me off thought it was going down. cheers will add that to my notes....of which I need to tidy up going to hit the sack mate...probably watching my phone every hour during the night Hoping London sell off GBPNZD not so sure on the other AUDNZD....will see ...dont let them go up while I sleep

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Quoting abajiga

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{quote} CADCHF is very interesting....I will follow through out tomorrow and might trade it after NY open Here is the classic trade might happen. It should create new highs during Asian open. @London open...it should not create new highs above Asian open @NY open, the market should be trading below London open and then pull back up but should not go above Asian open too. At 3pm this pull back up should occur then trigger a sell. That sell should take down below yesterday's low {image}

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Quoting abajiga

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{quote} forget selling this one. Today is good to buy only {image}

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Quoting oblong

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Small long on GBPUSD here and CADCHF (with options to add)

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Quoting abajiga

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closed with 20pip profit, i will re-enter sell again later in the evening if it goes back up again i still think it will rise up at some point {image}

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Quoting oblong

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well played on USDCAD. I got stopped out on GBPUSD, Im still in CADCHF and small short on USDCHF. Pretty much stuck and missing trades until I get out of this AUDNZD trade, I wish I hadnt put in take profit order last night on GBPNZD, would be up and out both the trades....theres no interest in AUDNZD pretty much just flatlining. I have been monitoring pairs, some of these are just blasting thru where Supply and Demand levels should be. Need bit more understanding / learning on that side. EURCAD for example I marked last night, thought that would...

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Quoting oblong

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Small long on GBPUSD here and CADCHF (with options to add)

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