Learn and Share your Trades using Charts and S/D Levels

Attention Everyone-

I will be on most of this afternoon.

This week has been crazy with trading opportunities and I have been focused on my class this week too.

Looks like Aussie was crushed.

Funny, that zone I had marked earlier that was weaker, has had more price action from it than my stonger zone.

Large traders are most worried about risk like any good trader.

The risk for the big money was to not load up or unload a trade all at once when a pair has uncertainty on this particular pair yesterday.

If you look at the imbalance of price from my strong zone down to the weak zone, you will see that there was a lot of money swithching hands in almost even quantities.

Please check out my last post to understand where my zones were marked.

Hi Gilamonster and all
I just come back from an overwhelm hard working week
Hope not miss too many things
I just spot on a zone and entry USDCAD

hi duke
im with u on this one hope it wwill work
if this level gonna fail, im gonna prob try the lower one bellow around 1.1130
gl

duke789-

Great to see you back around. Sorry I missed everyone yseturday. I havent seen anyone for almost a week.

The last two weeks have been great for trading only if you have been using your trade plan.

I see where you may have wanted to get in on USD/CAD.

The area did look good, and if I would have entered I would have monitored closely because it was still high on the curve for a long.

When you find an entry like that that is still at the opposite extreme you should perfer price to react to that area in a convincing manner(a sudden slow down and rally, or just rally)

Remember to use your curve if it is part of your trade plan.

When price is high on the curve like that I would have changed my trade style to short term day trading.

If price exceeded my expectation for my target then I would protect my profit and give enough room to let my trade fully mature.

Remember to find both your supply and demand zones, for entries and targets.

One more word of advice about the CAD. It has a negative correlation (like the EUR) against the USD. That is because it is linked to the EUR thorough France, and France has a larger influence in Canada. So when the EUR is not doing so well then the CAD may not be doing well. The one thing that may affect this more is if the Canadian economic data is more positive than most other major economies. And you probably know this as well, CAD has a positive correlation with commodities like oil. But so does the USD.

Here is what I see on Usd/Cad

Hi Gilamonster and all
Stop out USDCAD.
Yes. It is high on the curve. I chose that one because there's a big imbalance there.
I just spot and trade a new zone of USDCAD, which is the same to Gila's

Hi Gilamonster & all
Stop out USDCAD again,
I just bought in following EURUSD demand zone

Hi all
Just spot out this zone

duke789-

Thanks for sticking with us here.

I am traveling and will be home tomorrow early afternoon(pacific time-3hr behind NY)

When I get home I will check out what you have gone thorough and then I will chart out some setups this week.

Great job on spotting zones.

Remember that even our good zones can be taken out.

It is up to us to determine how much we are willing to loose.

duke789-

I have been staying away from the E/U.

There is a lot of indecision on my ITF(1hr).

It could rally though but I am not folowing it at this time.

There are some short term day trades setting up there.

Remember to follow your plan and what you have in place for your type of trading.

Attention Everyone-

I have been following the Aud/Usd and Usd/Jpy for the past couple of weeks.

I would like to share some outlooks that I have for the Aud/Usd.

At its current price for the past few days A/U has stalled and there is some imbalance building up.

I have marked on my chart the reason for this and I see A/U retracing some of its movement up before rallying back up to .9400-60.

There are two good supply zones between this area on my ITF(1hr).

There is some more supply above that from mid to late last year.

Remember to follow the plan you have put in place for yourself and only trade what you know.

Hi Gilamonster
I just get some loss because of "trying" swing H1 and H4. Never stop learning.
I feel more consistent coming back to M5 charts
Following is my GBPUSD trade today
A DBD zone, not so compelling but I found a nice pinbar toward it.
I sold, cut half profit at 1:2 RRR and cut another at 1:5 RRR
Perfect day!

update

Thank you, Gilamonster for motivating me.

Hi Gila and all friend.
A nice-looking zone but RRR not very good.
I take profit soon because I'm not comfortable with PA

duke789-

I have been hanging with U/J and A/U.

Here is my A/U trade that I have currently.

I have been seeing quite a few good set ups back to back on the majors.

I am monitoring E/U but I am waiting for a breakout then I will look for a good set up.

Good idea to take profit on that pair though.

Day trading is good right now too.

Let me know if I have been missing anything to help you.

I know I am not as active on our thread here but I have covered everything important already and everything is recorded.

But of course I do not mind doing refreshers for ANYONE whoi would like it.

Attention everyone-

Thankyou everybody who has added ther questions and input to this thread.

I will keep this open for anyone who feels the need to refresh on the knowledge I have shared here.

If anyone needs a refresher please send a message directly to me and not here.

I will check this thread once a week for answering questions about entries, stops and targets using S/D.

Gilamonster

tyvm gila for this thread!!!
gl, hope well see u arround

Ka-ching
Hi all, good trade today of mine

Anyone here?
Would like to share another compelling zone which made me nice profit today

GBPUSD H1

Hi Gila and all,

Gila prevoiusly helped me with the curve. However, I have noted in another post, I can do it mor consitently bu using the top and bottom of a curve when a HH HL LL LH has been broken with a close above it. This is fine in many cases. But as we know sometimes things can be a bit tricky. See two examples below, orange circles indicate Highs lows that have been taken out and thus top or bottom of curve can be drawn. Its rather simple in the first emaple but in the second example, is what UI have circled and labelled as the curve correct based on these rules.

cheers,

C

Chica-

Example #1 is a common way to get a clear veiw of what a short term curve may look like.

Example #2 is not clear for me to trade. I understand why you have used this example, or ones like it that you have seen, as identifing your HH, HL, LL, and LH.

I would use the "new" top of the curve in example #2 for short day trades but its obvious that right now in the currency market scalping is bad business for retail traders.

Remember you want your curve to be simple. Only catch the best entry areas. If it is not an obvious and compelling area change pairs.

I get that you are a good trader and have a predetermined plan.


Also dont worry about hitting every trade only the best areas should be of interest.

Have a plan for when you lose money if emotions are fogging you up.

I say this because it is the biggest obsticle that I have in my trading and have to reinforce weekly along with other successful traders.