I'm sure this has been discussed but I just can't find where - whats the policy on wick size of the Setup candle again? {image} The big bearish candle with small wick spooked me so went to LTF to find a 1-2-3 setup but ended up giving up too much R. I guess when-in-doubt pass it and find a better setup tomorrow, as per Robs recent post: wait out those perfect setups a few times a week
XAU Apr25 H1 London 9am - the impulse, then the pull-back and the rejection ... {image}
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Week 18 Apr 28 to 30, ... 3 days its Month-End and what this means for short-term day traders here. Other than what we see on the usual economic news and events calendar, be better prepared when trading around the market session closing and opening. Take a deeper look at your Monthly and Weekly charts. {image} ...
anyone would like to trade live together on calls ?
{quote} XAU Apr25 UPDATE and REVIEW: - how did you plan your exit ? - time-based exit or previous demand zone ? - anyway, +3R is good enough for one session, +5R would have been bonus ... {image} ... {image}
{quote} It is Month-End trading these 3 days Apr 28, 29 and 30. Long term traders would exit the market so I would be very careful if the buyers are exiting during London sessions. Both Daily and Weekly still look bullish to me but we have recent pre-highs to consider and rather volatile weeks. Monthly SnR162.70ish For intra-day trading, look for the best setups with good risk-to-reward. Now I wait for Tokyo lunch time just before Frankfurt open today. ...
{quote} EJ Apr28 Tokyo 2pm UPDATE: - nothing much happened the last 2 4-hour trade window. - now anything can happen when the European session open right up to New York EST 9:30am - the Daily candle which 'straddles' 162.76 would usually in most cases be a big body candle {image} ...
