@ikssde: Yes i took this trade. Always nice when price moves in your favour that quickly.
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Dislikedheres gold when it fell to 1070. As far as i can tell the first reaction from the region was for 90 dollars and the second time it was 50 dollars. i also remember wmd signalling short when gold price was approaching 1200. so not sure what you are referring too?Ignored
DislikedFirst reaction that u are referring to was from 1074 which is not a level that we were looking at.
The Level that I was talking about is on the chart. NZDUSD was the same example so Im just asking if Im missing something with my interpretation.
Thank uIgnored
Dislikedimo, the purpose of this method is to try and identify where buy/sell orders will be. i dont think its necessary to be exact to the pip, but its more a case of deciding a zone where you are prepared to trade.
the nzd looks like it was about 90 pips out, but it gave 300 pips after that, so if it were taken as a long zone it would have been a pretty good trade.Ignored
Dislikedi can see how stops would be an issue. 10 times spread would have covered me 60-70 pips on nzd. question is wether it would have been suitable for an aggressive entry.Ignored
DislikedHey again! Maybe another long opportunity is in developement.
It's a little later now and maybe there isn't much steam left.
Here it is:
Attachment
FloIgnored
QuoteDislikedHello Flo
I see the level and the hook but price has never made HH to take out the hook. What does it mean to u?
DislikedConservative entry would probably fail as well, as price went below the level for about 10 pips and then up to pick up an order. But this is not important, every strategy has a losers there is no need to defend these two setups. It would be better just to clarify if it was just a loser or I misinterpreted the strategy.Ignored