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Bit of an M5 PA entrance with H4 direction but also could exchange on M30 with something to tuck a halt supporting.
Sometimes these retest, occasionally not. Could have played with the M5 retest for a RR that was wonderful.
Looks like M5 served up a couple zone trades also in the two directions.
This messed about for a few times below the swing low. Thought we might have a bigger dip.
though you can see these greater TF plays, they're not always so simple to trade unless you stick the stop all of the way down under D1 demand.
As for UJ, the H4 zone has been there and you may even play the M5 zone and simmer to get a pretty mad RR (with or without PA)
A number of ways to skin a .
The M5 zones don't make sense unless you have a grasp on which H4 is doing as there are a lot of M5 zones at any time.
There was a similar set up on EU this morning, not as clean and didn't observe the RR to nearest H4 demand.
GU on the other hand supplied PA (in yellow box) straight off the spacious with plenty of room.
All closed out. Two straight trades for the week, hit goal and no scratching my eyes out of hours on M5.
Hence the two obvious setups if you missed the pre FOMC upper zone were on H1 and M15.
Both solid RR trades.
As for EU D1, the reduced level appears ripe for stitch up only below the fold reduced.
Here is yesterdays M15 installation, entry at red arrow left mid distribution area.
This PA then created today's H1 zone.
I am always aware of the S/R areas but also many lines can muddy the waters.
There is always 1 strong intraday setup that runs between 20 and 80 pips on EU. It is there for your taking, if it is possible to sit on your hands before the setup opens . It is about steady discipline that is consistent and being ready to pounce when the setup presents itself.
Most entries involve a Daily/H4 fad, a pullback into a zone or blank engulfing setup to get a halt behind.
All timeframes are important. For now it was about that H1 supply zone, yesterday that the sell has been clearer on M15 (after sucking in the breakout buyers). Also the dollar index is fantastic to get confirmation and an reverse view.
As soon as I'm permitted to start a thread I'll.quote Really nice trade. Thought with a method using S/R and chart pattern.Get yourself a ribbon began. You'll just need to accept that individuals may end up showing up to troll, but it is worthwhile to share ideas and as a diary.
I'd like to try and write it all down in a blog but if no one is reading it, the motivation to compose diminishes. My idea is to maintain discipline from today on. They say journaling is the means. I say having someone that is watching over your shoulder is the way to subject.
Once I look in the transactions I feel there's a really close correlation to where you see an entry and exit and at which I see an entry. I am still trying to work out each your reasonings but out of curiosity. I am trying to make my entry and exit discretionary than that I currently do. Time zones and intraday setups. Tried and tested with many before me. I'm not here to reinvent the wheel. I just want to make some money
The principle of this never goes out of date.
First Post...
Hello all, just wanted to post some price settings that l trade often. I am more or less a swing trader or range trader. They're essential enguilfing whipsaw patterns at key levels and also operate nicely in my trading plan. In addition, I reduce all noise from my charts as its just a distaction to me personally. Hope you see these too and take advantage. They occur on all tfs and some other pair, obtained some instances
If you begin to understand a Whipsaw Engulfing Pattern and the reason why they are on a chart, you'll be well on your way.
Red is a master. He'd trade occasionally for 36 hours straight and place chart after chart.
Enjoy
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