Did anyone get in on the AUD/USD. PA breached daily and 4hr Demand and a hammer cutting through the 786 and 618 fib retracement on daily chart. Limit order to enter trade @ 0.9888.
Fibs trading and PASR 0 replies
Fibs And Forks Journal 62 replies
Fibs and Forks 177 replies
Fibs, fibs, fibs 3 replies
Trading with Fibs...and Targets...! 28 replies
DislikedDid anyone get in on the AUD/USD. PA breached daily and 4hr Demand and a hammer cutting through the 786 and 618 fib retracement on daily chart. Limit order to enter trade @ 0.9888.Ignored
DislikedNow here is a quick trade i took today while we are trending strongly, notice the long row of bars all nearly in line, its NOT a swing high, its a perfect eqilbrium, price was stuck there for a while, then it broke down, I now know this area has "FRESH" sellers sitting there, coz it was equal so thats how i know they are fresh winners. I got 40 pips from this move from a 19 pip risk.
You can find these all over the place on all timeframes, remember a swing high or low is not fresh, ignore swings, look for equal balance like this, nice long...Ignored
DislikedInteresting observation as Sam tells that the less a price was in a zone the more is inbalance and the stronger is move out off the zone. According to you it's vice versa, isn't it?Ignored
DislikedNope, actualy got stopped out by like 1 pip or so before price retraced. very fustrating.Ignored
DislikedNope, actualy got stopped out by like 1 pip or so before price retraced. very fustrating.Ignored
Dislikedyes thats a good area you picked, thats more like it, congestion of candles its not a swing, and it wasnt in balance for long, you would be unlucky if that didnt play outIgnored