are you watching audusd to go short ?
ps. nice trades, but nu especially wants to wait quite long
ps. nice trades, but nu especially wants to wait quite long
JPY Group - Best Group to Trade 58 replies
Your experience with Forex.com [GAIN Capital Group, LLC] 37 replies
Forex Techniques Development Group 24 replies
FOREX, Robert Gray, FXLQ, and Nfa/ctfc... PLEASE REPOST IN EVERY GROUP 0 replies
DislikedClosed 2/3 at 0.8020 for +36 pips for peace of mind and moved SL to BE+1.Ignored
Dislikedare you watching audusd to go short ?
ps. nice trades, but nu especially wants to wait quite longIgnored
DislikedNo, I'm not for now. AU and NU usually move in the same direction, but I took NU because NU looked more bearish at that moment. I just got out of the NU trade, why would I watch AU for short entry?Ignored
Dislikedwell, it's funneling up, around ppz in higher tf, I was thinking it may follow nu as well, but didn'tIgnored
DislikedSomeone in the trading room asked me about a potential FB long on EU. My analysis was that there wasn't enough certainty that price would move higher at the time (H1) because price was heading back into former support turned resistance - but if price managed to get above this then it would likely head higher because we've had a small sellers trap into that lower demand (traps breaking SR's into SD zones offer great setups).
What happened on the next H1 close - price has consumed supply at that resistance so it is much more likely to head higher...Ignored
DislikedVery nice a trap spiking into obvious supply is a very powerful setup. Not been focussing on the crosses much recently. Here is a trade I took last night as per my tweets.
1. H4 - moving into clear supply.
2. H1 - small FB of the previous H1 swing high - not enough to take by itself but it's obvious price is going to spike up into the supply zone.
3. M5 compression moving into the supply - that coupled with the H1 FB an the clear H4 supply of course was enough for me to take a trade short @ 1.0360.
4. M15 rejection pin closing below...Ignored
Disliked
Trading traps like a pro is about understanding where the novice / retail trader is likely to be buying / selling relative to where the professional money is waiting. As with everything price action related the way to yield good results is to be able to watch these areas and jump in when the balance is tipped in your favour rather than looking for mechanical setups.Ignored
DislikedYes, was also watching that nice trap, at the same time E/J also created a beartrap, took the E/J trap and not the E/U trap. Very nice defined demand below via a beautifull marabozu bar (shaven top and BOTTOMS) which is pure demandIgnored
DislikedSomeone in the trading room asked me about a potential FB long on EU. My analysis was that there wasn't enough certainty that price would move higher at the time (H1) because price was heading back into former support turned resistance - but if price managed to get above this then it would likely head higher because we've had a small sellers trap into that lower demand (traps breaking SR's into SD zones offer great setups).
What happened on the next H1 close - price has consumed supply at that resistance so it is much more likely to head higher...Ignored