Profit Margin is the King!
Dislikedshort E/U M15, I know we are up on H4, someone with me on this one?Ignored
First of all congrats for you trades, ure doing great and please keep on posting them.
Question: On the euro short you took, we are very near daily demand (posted a daily chart above) should we only be looking for longs as we are down the curve ?
DislikedThanks for the input Jack_Larkin,
yes I am still in the trade with small profit, but that's not important
and may I ask why do you think "the zone above has much higher probability"
than the marked one. Because in my view the reaction from the marked zone is much stronger than the reaction from the zone above in M15 timeframe. Maybe you're looking the PA on H1 timeframe? When I switch to H1 I think I see your point.. but does this mean that the higher timeframe is always superior.. Please could you clarify a litle bit. I am tying to learn.
DislikedWell, if it works it works. I only made mention of it because the higher zone would have been a good entry without as much risk. You were nearly stopped out after all.
You could always split up your orders next time a higher timeframe S/D zone is so near. Put half your position on first, then the other half as if the higher timeframe S/D zone would trigger... If the higher zone takes preference, you'll be in at a blended rate and slightly reducing your risk. If not, then you still got something out of it as your initial position moves in your...
DislikedPrice near Demand. I have a buy order but is not filled yet.
The demand is a Drop-Base-Rise.Ignored