a lit corn trade i took earlier.
u can see lots of confluence like compression,mid kc,pb,fib,tl....
u can see lots of confluence like compression,mid kc,pb,fib,tl....
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DislikedIgnored
Dislikedi guess there's the possible momentum change.. PA reacts with Demand area( this year minimum)...
someone could wait for pullback and go long then..Ignored
DislikedI've been mainly posting on Niceguy's Ridiculous 7 Pips Trading System but came across this thread when I was searching other PA threads. After doing some reading I'm finding it very helpful for trading Supply and Demand areas and trading with the momentum.
Thanks to Sho for starting the thread I've found his teaching very enlightening though I've only been reading through the thread for a couple of days.
Here's a trade I took on AU this afternoon PB formed at supply area, after market had stalled here around NY open, set SL to 10 pips and TP...Ignored
DislikedHere my thought process. See the chart.
Attachment
Too bad i don't manage the trade very well. Choppy market, get in, get out fast
edit : i meant demand level, not supply levelIgnored
Dislikedyou are right good pin bar plus good location but...
we never knew where the channel is , on the first pin we thought channel line is here , on 2nd we thought its here on 3rd we thought its here and on next bar close it was confirmed that it was on 3rd pb ,
so we got 2 failed pb against trend so is there still any reason to try the 3rd one?Ignored
DislikedEU is very slow today. Couldn't see a good entry.
All these wicks.......Ignored
DislikedI'm agree with you bouba. Hard to trade in this market condition, pre-NFP syndrome.Ignored
DislikedI ask me how to play this wedge break, but i very often burned my wings on this kind of setup. I reallu don't master this setup, so i think i would not join the players, too risky for my taste
I hope we will have a very big break with a very big trend. lets seeIgnored
DislikedI ask me how to play this wedge break, but i very often burned my wings on this kind of setup. I reallu don't master this setup, so i think i would not join the players, too risky for my taste
I hope we will have a very big break with a very big trend. lets seeIgnored
DislikedI finally short the retest of the upper line of the wedge.
Scale out in three portions.
It's a M1 entry, i don't like M1, too fast for me, but M5 is too slow today.Ignored