re-enter with higher leverage - winner.
almost 0 risk trade.
almost 0 risk trade.
As Above, So Below
DislikedHi Tash Was the USD/CHF Bullish set up due to the previous resistance turning into support.. Regards DennisIgnored
DislikedThanks Tash Yeh that's all I could see...maybe I could look at price action...still trying to learn. Regards DennisIgnored
DislikedPrice took awhile to get to the demand area...but went like a rocket when it touched the demand area...lots of buy orders must have been placed there...it went up to the resistance area where it is kind of stalling, waiting for more orders....its just that I only see these when it has happened...that has been the case of my struggles for the past few years...never ever have I had a positive month...I have a couple of trades that work for me but guess that's just pure luck...well I come to FF to see how the pros are doing and that makes me happy...Ignored
DislikedWell I am able to spot S&R areas...I know its not hard....the problem is that even major S&Rs are broken easily with small candles and as soon as trades are placed in that direction it reverses and when I wait for reversals it does not happen...I do look for candle patterns at these zones but mostly it doesn't work...I know for some it works but I have tried a few methods with no success as yet. RegardsIgnored
DislikedHi Tash, Thanks for the reply...looking at the Eur/Usd 4hr chart I have drawn a support level...I haven't placed any trade at that level yet...looking at the daily and the weekly it seems we are in a down trend. On daily a lower low is visible...if we look at the daily and weekly trends it seems that this support on the 4hr chart may not hold for long...there maybe a bounce or so but if there is a big reversal candle(s) then maybe we can see a change in trend starting from the daily then onto weekly....so we have to wait for a few 4hr candles to...Ignored