Nice top down read, monthly context saves a lot of bad trades when daily looks tempting. When you talk about rebalancing the FVG, do you wait for a specific close, or you scale out at the mid point?
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- #402
- Feb 22, 2026 5:36am Feb 22, 2026 5:36am
- Joined Dec 2013 | Status: Trader | 704 Posts | Online Now
Nice top down read, monthly context saves a lot of bad trades when daily looks tempting. When you talk about rebalancing the FVG, do you wait for a specific close, or you scale out at the mid point?
As a general rule I tend to scale out at the mid point.
When a FVG forms, the mid-point (consequent encroachment or CE ) tends to be tested more often than not)
It is the fair value level ( 50% ) within the gap.
This is why, when I trade, I use limit orders as opposed to market orders.
If my analysis is right I will be triggered out of a trade.
Same thing applies when entering a trade.
It all comes down to how much buying/selling pressure there is at the time.
Dropping down to a 4hr TF ( which is as low as I go ) can give clues.
Hope this helps.
- #413
- Mar 7, 2026 3:33am Mar 7, 2026 3:33am
- Joined Dec 2013 | Status: Trader | 704 Posts | Online Now
An excellent start to the month.
Euro/USD gave a rapid 200 pip move on my short position inside 2 days.
Went lower than I expected before a bounce.
That's OK. I never get the absolute top or bottom trading from the HTFs.
Almost 2% added to the account.
Still sideways on the weekly but only looking for sells.
Euro/USD gave a rapid 200 pip move on my short position inside 2 days.
Went lower than I expected before a bounce.
That's OK. I never get the absolute top or bottom trading from the HTFs.
Almost 2% added to the account.
Still sideways on the weekly but only looking for sells.
- #414
- Mar 7, 2026 3:39am Mar 7, 2026 3:39am
- Joined Dec 2013 | Status: Trader | 704 Posts | Online Now
As previously posted.
Closed both positions.
Over 400 pips on each.
Still see a re-test of 159.00 which was the original 2nd target.
That said, like the Euro a big profit banked.
Will continue to monitor price.
Closed both positions.
Over 400 pips on each.
Still see a re-test of 159.00 which was the original 2nd target.
That said, like the Euro a big profit banked.
Will continue to monitor price.
