{quote} If you follow-up today, do you see the H1 rejection on M15 chart? EU May06 London 9am {image} ...
{quote} If you follow-up today, do you see the H1 rejection on M15 chart? EU May06 London 9am {image} ...
{quote} Caught the big ride up for 7.5R - i wasn't confident on the trade early on, shuffled S&R lines before putting the trade in. 4HR showed an impulse up, then a move back and now looking for ride back up. {image}
{quote} I had this same feeling - i went with the trade i felt unsure on it, its the ones im sure on that always hit SL
{quote} Thanks for your answer. At this point, I may not fully understand what a broken level is probably. I remember about a month ago you mentioned that this Daily level from 2021 was important, but I see that it was broken many times, yet it's still considered "key". Could you explain a bit more in detail about that? {image}
{quote} In this case, how is the consolidation phase important to you? How do you react to it? Thanks
{quote} There was a huge impulse move down during yesterday's US market session. {image} The down-move ended in Asian session consolidation. This is when I would be looking for the next trade. It can be continuation of the down-move or it can go sideways or it can reverse. The H4 will show a better picture at London 6am. Be mindful the market is sideways as seen on the Daily. Trading is always Top-Down. Start at the Weekly, then to the Daily, then to the H4. POP-Gun setups are usually high probability. GU May08 UPDATE London 10am - a +3R profit...
