Sorry on my phone so no charts but there are two set-ups I’m seeing on the 4 hr charts first is the nzdusd break of range support now coming to test from below as resistance and the other is on the Eurusd also on the 4 hr testing broken support as resistance
Joffie
I find it very interesting where price could not close below on the daily chart for many candles and when price did close below it collapsed. Telling us something? Yes. Much more to reading price than just the last candle…
Hi Johnathon and Dudest) So far in february i missed two A+ setups.How often do you guys miss setups? Any advice about how to overcome such a problem in future?Any advice on what time should i watch my charts?( I use 5 day newyork close charts)February is gone and i just want to build my new daily chart watching rountine for march and afterwards.
Thanks
Tahir.
Guys, I found something that I’m not so sure it is true or just delusion but my last 3 positions is loses (My first 8 is winning) and when I look what is the time of opening the first 8 I see that I open them only in 8am and 12am (UTC +2) that is +7h from NY timezone. With other words 8am is london open and 12 is 4 hours after that.But my last 3 positions is 24:00 (Midnight) 16:15 (1hour after NY open),12 am ( that’s wasn’t with the strategy ) .Can you give me some opinions about that. Is I delusion me or not?!
You show me the trades and then i can tell you what went wrong.
It happens. EVeryone misses trades. No big deal. There will be plenty more. just move to the next one.
I will show you trades later, but my thought was that Is london open (8am) and 4hours after that is the best times to open a position (then 4h candle closes).?
I don’t really understand your timings but I can tell you I play 4 hour trades during the UK/US sessions and only in the Asian session if the pair is directly correlated to Asia such as AUDJPY or NZDJPY etc
The only worry is trading from a 4hr signal that is made during Asia and opening at the start of UK. Then what you are trading is a signal that has been formed with smaller liquidity and the big guys in US/UK may totally move the market the other way.
HI PA Traders,
Am looking for A+ trades that formed in the month of February.The trades may have worked out or not or were BE,But the purpose is for me to learn how to pick A+ trades going forward.This is to help me filter B and C trades and also give me confidence on trades which were A+ and i managed to spot.
Charts will really help.
cheers
Hi buster, May i know what trigger your trade?
EJ
I was very late checking my charts today, and saw this when it had broken. Lovely BEEB at a lovely level. Nice spot :)!
Hi Dudest, Can I ask why you didnt trade the Pb a few bars before? I took it on demo but was stopped out by the BEEB.
Hi,
Sorry for the stop. I’d have liked to see the PB formed higher, with the body closer to the level marked by EJ above
Cool, thanks. Dont be sorry for my stop, im not. I dont learn anything when I win. Thanks again.
Hi guys,
Is this setup A* ??? GBpnzd daily
Same direction as trend, LONG PB , bounced of resistance.
But could this PB be considered of swing high?
Dear dudest,
The price now move to the lower of the BEEB candle, will you enter on this stage now?
thanks
EJ
Dear gehadeg,
I think the price is in the consolidation area now…choppy. It is not formed at the swing high.
so I don’t think it is not a good setup.
EJ
