DislikedHi Dan,
What do you mean by A+ set up? is that the set up that has many confluence? or do you consider A setup as the level that has the major support and resistant?
And what is PPZ?
EUR is giving me nice profit this week, but im trading H4 so my profit is not as big as you.. overall my trading results has been in positive and negative and this month it give me break even result.. haha.. thats what i get from the first time im trading.. any advice Dan? maybe i have to be patient and wait for A+ set up but sometimes i confuse how to consider...Ignored
Danku has given a pretty good answer (thanks Danku) but I thought I would just elaborate a little bit about the A+ setup thing.
In the J16 thread this is more about a confluence of factors and the quality of the price action setup (i.e. a good looking pin bar at a PPZ with some additional confluence, perhaps a fib level or trendline etc). However that is a little more complex than what I was really referring to.
What I meant was to choose setups that are really obvious. As we want to trade the trend, we want to trade a clear and obvious trend. If you have to search for the setup then the chances are you are looking for something that isn't there. If it's worth trading it should be really clear.
The best way to illustrate this is with a couple of charts. I have attached a chart of the EUR/AUD and a chart of the CHF/JPY. Which would you prefer to trade?
Regards,
Dan