I woke up today, and the trend has already started. But saw that the price couldn't break into the 2nd resistance zone. Started selling after wicks. Now the 1st and 2nd resistance zones are below my orders. Lets see how far it goes. I may exit when I see a huge bearish candle or price action.
I woke up today, and the trend has already started. But saw that the price couldn't break into the 2nd resistance zone. Started selling after wicks. Now the 1st and 2nd resistance zones are below my orders. Lets see how far it goes. I may exit when I see a huge bearish candle or price action. My spread on GU is really high. {image}
Ignored
I've been only showing my trending trades; I will show some counter-trends when I see the setup.
When do you switch to M5? I was a bit early on this exact move today since I was on M1. If I was on M5 timing would have been much better. I may change my personal strategy to M5.
Verocity,
Place two Charts of the same Pair side by side but one on the 1M and the other on 5M.
Watch how the 1m gets in the trade position quicker but the 5M allows more Pips.
Practice and develop your trading style.
I am old man with bad eyes and enjoy the 5M more.
cpfleger
{quote} Hey Charli86 The second volume indicator on your chart, is it from cluster delta? If so how did you get the moving average on it? Thanks
Ignored
Hi Chucun,it is cumulative volume indicator ,second one is kiosotto ,ideally look for cumulative volume to cross lvl 0 and be in the zone of under above that lvl,and kiosotto to be crossing lvls 15/30 ,kind of pullback using this combination,see the pic. Anyway, can't find edge there but for someone can be a helper ...
Funny what gu is doing, giving headache for lot of traders I suppose ,but for hitting ema 20 was good opportunities .... For nzdchf price nicely drop ,but was early for me ,not good evidence for me ,was that big pin bar actually but usually that traps me lot of times
