KL
My target for the USD/CHF short is the 9427 area ?
Am I seeing this right?
Thanks again
TSD
My target for the USD/CHF short is the 9427 area ?
Am I seeing this right?
Thanks again
TSD
Day Trading vs. Swing Trading vs. Position Trading 86 replies
DislikedKenneth, do you not see the 4hr demand level on the AUDUSD chart as too close for comfort, or is it simply because it's a scalp/short term trade with a small SL and you're not looking for a huge move to the downside?Ignored
DislikedKL
My target for the USD/CHF short is the 9427 area ?
Am I seeing this right?
Thanks again
TSDIgnored
DislikedHey pickinpips
If you read Kenneth's booklet again you'll see that the best trades occur on the first hit of those areas you have highlighted. As Sam Seiden explained, it's like having a visual stack of orders next to you-a lot of those will have been used up on the first foray into those levels. The second reaction won't be as strong as the sell orders have already been used, and by tge third time it reaches there it will normally bust through.
So to increase your chances, only take that first return to the sell zone you indicated. If anyone sees...Ignored
Dislikedhey dude, sorry for forgetting to say "CONGRATZ", I saw your nice short in GU and EU
awsome spot of level and result...
big thumbs up from meIgnored
DislikedGood levels and target off the larger time charts
Can't really see them on the 30 min Oanda will not scroll back far enough.
.9465 may give you fits going back short may be a good spot to cover a short. .9490 as wellIgnored
DislikedAgreed on both areas. The 9465 area might be the right call.. Will give price some room to play but not alot.
Thank you for the response KL
TSDIgnored
DislikedThanks for the clear explanation, Rufus.
May I ask how far from the current candle do you usually look to the left? In MT4 I often find myself having to go to the chart's property and tick the "Offline chart" box so it does not keep moving back to the current candle's position. This is of course not convenient and sometimes I forgot to turn it back online. Do you think I am going too far with this or is there an easier way of doing this? Thanks again for this newb question.Ignored
NFP later, I think there is a chance EU will be sent up to this supply zone, then continue down, thoughts?