DislikedOn topic of 0.25RN, AUDUSD 0.7625 counter setup? No idea how I missed that long yesterday. Textbook 61.8 and demand zone.. {image}Ignored
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DislikedOn topic of 0.25RN, AUDUSD 0.7625 counter setup? No idea how I missed that long yesterday. Textbook 61.8 and demand zone.. {image}Ignored
Disliked{quote} I loaded up the same trades, short AU 0.7625 and NU 0.7150/75. But I feel like we are going heavy on counter trend trades again. We need to add some trend following trades. {image} {image}Ignored
Disliked{quote} GBPUSD, long trade, I was playing the range without any directional bias. Let's see if GU can clear overhead R @ 1.35/1.3525, otherwise, it may roll over again. {image}Ignored
DislikedUSDCHF, short trade taken based on the confluence level @ 0.89 {image}Ignored
Disliked{quote} USDCAD, long trade. There are some overhead R @ 1.2825 and 1.2850. {image}Ignored
Disliked{quote} Yeah that was a good idea, plus nicely done on GU and USDCHF. I going to spend a lot of time over these next few weeks building in some trend following strategies. You have to be extremely sharp to extract profits using mean revision techniques in these types of markets. It was pretty clear last night night USD was rolling over again. It would be nice to start capturing these moves rather persistently fading them. I am not fully sure what the solution is, but it starts with a mindset shift. There were plenty of opportunities to...Ignored
Disliked{quote} GBPUSD, long trade update. GU cleared above 1.35/1.3525. Levels to watch. {image}Ignored
Disliked{quote} Yeah that was a good idea, plus nicely done on GU and USDCHF. I going to spend a lot of time over these next few weeks building in some trend following strategies. You have to be extremely sharp to extract profits using mean revision techniques in these types of markets. It was pretty clear last night night USD was rolling over again. It would be nice to start capturing these moves rather persistently fading them. I am not fully sure what the solution is, but it starts with a mindset shift. There were plenty of opportunities to...Ignored
Disliked{quote} C, I have mentioned many times that trading method should be chosen based on the market condition. Trading based on confluence levels works well in range/irregular and slightly trending market conditions. In a market condition like this when we see shallow retracement or no retracement at all, a trend following strategy or a momentum-based strategy work best. The challenge is correctly identifying the market condition and choosing the appropriate trading method. If we decide to trade only one method, we need to recognize the condition that...Ignored
DislikedI have questions when you find a confluence and price touch the confluence level do you wait for candlesticks confirmations? How many touch the same confluence level you open trade? I will do backtest manually so that I can get proper confidence and a good setup. that is why I am asking these questions. You know most of the strategy failed in a slow market, How do you avoid a slow market that is another question Probably no one can't give the appropriate answer to these questions as far as I understand. But we all have a little technique to avoid...Ignored
Disliked{quote} Oh yes of course. In the case of GBPUSD I was quite hard headed about 1.34 (50%) for the long. It's not a major problem but it means being sat on the side-lines as I prefer not to chase moves in motion, or buy anywhere near highs. In terms of counter reversals. Looks like most of the USD crosses are at and approaching some decent levels here.Ignored
Disliked{quote} USDCHF, short trade update. The trend is bearish below 0.89. Levels to watch. {image}Ignored