This could be a trade. If that M30 need becomes taken out, let's see. Very range and not a slam dunk trade.
Will keep an eye on it.
This could be a trade. If that M30 need becomes taken out, let's see. Very range and not a slam dunk trade.
Will keep an eye on it.
c-12 USDJPY is fine ?
H4 was not clear so I moved into D chart and found market switching from distribution so I thought to ask u , I D trend 30 mint PA =market ?
Yep, or a little before.
Bit annoyed I chose the EU brief over GU.... Both quite similar but GU was ripe for getting smashed with news up.
EU stuck in mud in a tight range. . DX looks like heading up in my eyes, but that's mainly down to GU getting ambushed.
Best entry is here in yellow box PA.. Bear in mind this was the very first entry after the weekend and you would not want to be stuck holding all weekend.
Notice the zone on the left was worn down by friday's action and the setup was constructing. Cease would be behind this PA since London liquidity moves in.
Hello
A warning about your favorite engulfing setups when zones just formed as you do not like to trade the retest of the zone.
1) Were is the entry point?
2)At the end of the first full body candle or the next one (see screenshot)?
3) when you're celebrating PA, is just 1 candle sufficient for one to provide you with the assurance that a fantastic zone has been formed or you wait for 2 successive powerful full bullish candles?
4) Obviously the SL is below the zone. Right?
Contemplating the threads you're subscribed to shows how clueless you really are. Have you exchanged full time before? Perhaps you have opened a live account? I bet you can not even grow a demo account.
Why don't you go stop your job, stick your lifetime savings in and see how well you together with your copy paste system like the DIBS technique.
Or even better, go suck a dick.
I have nothing. I am still implementing precisely the very same theories in another arena that allows me work abound a full time job managing an IT department.
Hello ,
thx for you response. I really don't want to beat a dead horse but can you plz explain why your engulfing in the orange box is much far better than the engulfing in the box that is red that is next ?
Another question: whenever a good 4 hr provide zone comprises 2 quality 30 min zones that are stacked and the lower 30 min zone was seen twice and price is now at the upper 30 min zone with nice PA you'd take a short trade right? I ask because while it's a zone around the 30 min tf's first visit, price is coming back into the 4 hr zone for the time and therfore isn't new.
This is a counter-trend zone rather than a major one unless D1 or even W1 show something. Price can wind through this kind of level.
Wait for PA to establish and affirm a direction on H4 before shooting reversals.