opened short EURAUD
Attached Image (click to enlarge)
PVSRA (Price, Volume, S&R Analysis)
- #4,402
- Apr 21, 2016 7:50pm Apr 21, 2016 7:50pm
- Joined Jul 2011 | Status: Trader | 1,521 Posts
Exit in the correct time in EURO/USD 260 pips 7,41% {image}
- #4,404
- Apr 21, 2016 8:06pm Apr 21, 2016 8:06pm
- Joined Jul 2011 | Status: Trader | 1,521 Posts
{quote} Closed average +26 p {image}
with small SL
- #4,405
- Apr 21, 2016 9:00pm Apr 21, 2016 9:00pm
- Joined Jul 2011 | Status: Trader | 1,521 Posts
{quote} Reopened short EURAUD
- #4,409
- Apr 22, 2016 9:08am Apr 22, 2016 9:08am
- Joined Jul 2011 | Status: Trader | 1,521 Posts
Opened short AUDJPY {image} {image}
- #4,414
- Apr 27, 2016 4:42am Apr 27, 2016 4:42am
- Joined Jul 2011 | Status: Trader | 1,521 Posts
{quote} can you please explain why short ? trend is up, lots of support candles ...
In second yellow box can see long green volume bar-end up trend and red pin candle but volume bar is big, it's mean soon will be down trend.
It's my opinion
- #4,415
- Apr 27, 2016 4:55am Apr 27, 2016 4:55am
- Joined Sep 2013 | Status: OTM AI IntelliWave™ Trader | 1,107 Posts
{quote} Small red candle near RESISTANCE ...but long red volume bar-new bearish trend In second yellow box can see long green volume bar-end up trend and red pin candle but volume bar is big, it's mean soon will be down trend. It's my opinion
and agree with Leentjai also like to add: It was reaching the strong Resistant zone yesterday and was respecting that to the pip ( Fib sone, previous high / low ) Confluence with fib, earlier flip zone, 50MA weekly. So a trade like this that is countertrend has very good R:R profile and a higher winning rate then 50% if you play your SL TP correct. The candles on 1H also gives nice clues. Also GBPUSD is heavy overbought. Taken in consideration that it is fomc in the evening I still consider this a good setup worth the risk. When this high is broken it is little resistance up to much much higher level for cable but think we have seen swing high for this time.
Trading in the shadow of SM
- #4,417
- Apr 27, 2016 5:58am Apr 27, 2016 5:58am
- Joined Jul 2011 | Status: Trader | 1,521 Posts
Thank you leentyai and Earleone for taking time to explain it clearly!!! i got a better entry !!! ty ty ty !! {image}
- #4,418
- Apr 27, 2016 6:19am Apr 27, 2016 6:19am
- Joined Sep 2013 | Status: OTM AI IntelliWave™ Trader | 1,107 Posts
Thank you leentyai and Earleone for taking time to explain it clearly!!! i got a better entry !!! ty ty ty !! {image}
Trading in the shadow of SM
- #4,419
- Apr 27, 2016 7:25am Apr 27, 2016 7:25am
- Joined Jul 2011 | Status: Trader | 1,521 Posts
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