GBP/USD M3/M15 Long Trade 2
This Trade has Triggered
This Trade has Triggered
Attached Image (click to enlarge)
- #281
- Jan 4, 2021 10:24am Jan 4, 2021 10:24am
- Joined Dec 2010 | Status: Never Stop Learning | 7,338 Posts | Online Now
- #282
- Jan 4, 2021 10:26am Jan 4, 2021 10:26am
- Joined Apr 2020 | Status: Offline | 3,298 Posts
"Exchange of hands"
- #283
- Jan 4, 2021 10:31am Jan 4, 2021 10:31am
- Joined Dec 2010 | Status: Never Stop Learning | 7,338 Posts | Online Now
- #285
- Jan 4, 2021 11:16am Jan 4, 2021 11:16am
- Joined Apr 2020 | Status: Offline | 3,298 Posts
"Exchange of hands"
- #286
- Jan 4, 2021 12:21pm Jan 4, 2021 12:21pm
{quote} I have no knowledge of patterns. do you trade them?
What I noticed that MMs (Market Makers) stayed GBPUSD calm on NYE (New Year Evening) and plummet EURUSD (refer to pic 1 EURUSD chart). We can notice free fall on Dec 31st and price retrace after blowing a lot of account back to old price.
We can notice G/U chart as well for the same day. It was looking so calm on NYE but as soon as the market reopened after long weekend, E/U stayed less volatile but G/U showed a free fall from (1.37033) down towards (1.35409), almost 1550 pips, on 1st trading day of 2021 (refer to pic 2).
USDJPY was also quite normal on NYE but it showed volatility on 1st day of trading 2021 making a curve/V-shap (refer to pic 3).
Again, I don't know much about patterns but sometimes I notice these kinds of price behavior and I trading breakouts only.
- #287
- Jan 4, 2021 1:18pm Jan 4, 2021 1:18pm
- Joined Apr 2020 | Status: Offline | 3,298 Posts
"Exchange of hands"
{quote} Thank you for sharing your understand, and if its profitable than what else one need. Good luck!
Well, I've been thinking to start a daily basis thread to update/predict E/U or G/U ahead of the start of Asian session, so as we can trade Tokyo, London and NY sessions, or share any link where it is being discussed.
Meanwhile, G/U heading to build a consolidation (301 pips comprising and 15 bars so far), not strong or ideal zone but can trade tomorrow during Asian session.
Im just looking at AUDCAD on 5 minute timeframe. Would you take these setups or I am doing it wrong? Thanks. {image} {image}
Meanwhile, I got a breakout (not ideal, I know), but I'm gonna try it. Long @1.35790, 30/30 SL/TP,
Let's see where it takes me to.
Good luck
- #291
- Jan 4, 2021 9:58pm Jan 4, 2021 9:58pm
- Joined Apr 2020 | Status: Offline | 3,298 Posts
"Exchange of hands"
- #292
- Jan 4, 2021 10:00pm Jan 4, 2021 10:00pm
- Joined Apr 2020 | Status: Offline | 3,298 Posts
"Exchange of hands"
- #295
- Jan 5, 2021 9:38am Jan 5, 2021 9:38am
- Joined Apr 2020 | Status: Offline | 3,298 Posts
"Exchange of hands"
- #296
- Jan 5, 2021 9:38am Jan 5, 2021 9:38am
- Joined Apr 2020 | Status: Offline | 3,298 Posts
"Exchange of hands"
- #298
- Jan 5, 2021 10:12am Jan 5, 2021 10:12am
- Joined May 2010 | Status: Trader | 1,188 Posts
{image}
- #299
- Jan 5, 2021 10:13am Jan 5, 2021 10:13am
{quote} Well, OP can explain to you what you are asking for, because I don't trade AUDCAD, but what I can say is that it is better to look your chart in 15M TF, after all, its up to you but 1M TF or 5M TF is the best to look before placing your trade. All the times, it is better to look in to 1M or 5M TF before placing the trade in 15M TF. Else, your setup looks workable. Meanwhile, I got a breakout (not ideal, I know), but I'm gonna try it. Long @1.35790, 30/30 SL/TP, Let's see where it takes me to. Good luck{image}
Today, G/U looks calm and getting consolidation pointing towards either direction flow monster.
Let's wait and watch.
