Sorry for not being present for the most part of the week to answer your questions. Its been a busy week for me. I will review the thread over the weekend and reply where necessary. Thanks to all those who contribute by assisting others to understand. You guys did a good job.
Post below is an entry taken on audjpy 4H Tuesday of last week and is still holding. I've heard several times that i'm too/very patient, but you need patience to execute good trades and also the patience to hold your positions until targets are reached.
On the chart below you will see where the inner TL was broken, the market didn't form a new high instead it continue bearish in a new channel creating lower highs. The entry was after the close of the evening star in the sell zone, at that high was also fib 78.6 and past support was resistance. R/R of 1:2 has already met with the potential of more gains. The stop is now move above the previous high.
Have a great weekend all.
Post below is an entry taken on audjpy 4H Tuesday of last week and is still holding. I've heard several times that i'm too/very patient, but you need patience to execute good trades and also the patience to hold your positions until targets are reached.
On the chart below you will see where the inner TL was broken, the market didn't form a new high instead it continue bearish in a new channel creating lower highs. The entry was after the close of the evening star in the sell zone, at that high was also fib 78.6 and past support was resistance. R/R of 1:2 has already met with the potential of more gains. The stop is now move above the previous high.
Have a great weekend all.