Normally I don’t trade on Monday and Friday, but I tried few times to trade on friday with the method it does work.
I would like to ask all the trader who is following this method pls insert the chart with your post, lets try to learn it together.
[QUOTE=“sharebazar;537580”]Normally I don’t trade on Monday and Friday, but I tried few times to trade on friday with the method it does work.
I would like to ask all the trader who is following this method pls insert the chart with your post, lets try to learn it together.[/QUOTE]
Ur right. But problem with monday and friday trading is momentum is hard to establish from candle patterns. Market sentiments change on these days
Hi Nikita do you trade NZD/CHF.
Normally I don’t trade, but check the chart going to touch the resistance, just waiting to see how the candle close today.
Daily chart
[QUOTE=“sharebazar;538435”]Hi Nikita do you trade NZD/CHF.
Normally I don’t trade, but check the chart going to touch the resistance, just waiting to see how the candle close today.
Daily chart
<img src=“301 Moved Permanently”/>[/QUOTE]
First time looking at the pair!
The D TF does look good for a short.
SL would be about 50 pips.
I wont hold for much if there is a good signal to short on H4. I cant see the entry signal on it yet.
H1 has too much noise so out of the question.
But than all the other pairs r sitting on pretty much the same sort of entry
agree, i got stuck few times with aud on mondays…:36:
My two cents, if i take any trades on Monday i take them starting from the European open where i can see more action going on.
[QUOTE=“tonyro44;538582”]My two cents, if i take any trades on Monday i take them starting from the European open where i can see more action going on.[/QUOTE]
European opening is the key, especially when the asian session has pulled the entry back to yesterdays support or resistance
[QUOTE=“sharebazar;538435”]Hi Nikita do you trade NZD/CHF.
Normally I don’t trade, but check the chart going to touch the resistance, just waiting to see how the candle close today.
Daily chart
<img src=“301 Moved Permanently”/>[/QUOTE]
I think we can short it. The move up is over, by the looks of the day candle
I am waiting for the price to come again around 0.7645 -0.7650 then I will go short. What do you think Nikita?
Missed the short entry on NZD/CHF.
GU looks interesting to go short.
1HR chart
Holding the GU short position,moved SL to secure area.
1HR
It really looks good on that lower T/F favorable to you sharebazar.
[QUOTE=“sharebazar;539013”]
Missed the short entry on NZD/CHF.[/QUOTE]
Thanks for the heads up Sharebazar.
I have never looked at this pair.
This one turned up really nice.
You are most welcome Nikita,
On GU hit my SL but lucky got out with 10 pips. I think another time for me to go short.
GU H1. See the vertical lines? They r period separator for market opening. Makes it easier to see which is the previous SR on smaller TF
Bought low on H1
Reason I bought on that rejection is for the past four days price had rejected on the same area. Even though yesterday was a sell. Bought because it was the low of Monday, if you can see the wick on Monday.
Wont be holding for much as its against daily rule and weekly doesnt look too healthy and finally its the last week of the month.
This is something ive been testing on demo. Its pretty much the same principles but with entries not depending on H1 or H4 signals.
I got this idea from how Yunny1 trades, but I never got into testing it before.
I have not taken these sort of entries in real yet, as I need to be sure of what I am doing.
0.93360 is the grey horizontal line marking previous rejections on both bull and bear sides. Clearly shows resistance.
The H1 chart with period separator shows price hitting previous SR on the extreme left.
Entry in, with SL about 40 pips or below the range of the previous SR area.
I had the same price in my analysis to go long around 1.60 but when I saw the yesterday was buy so I keep my self to follow the method as I made lots of mistake not to follow it A-Z.
But your chart and explanation give me another hope in my trading. Will be more careful next time.
I really like the chart, if you see the 4HR chart is really looks good to go long. But the only problem I have is the yesterady Daily candle.
Does Yunny1 trades entries based on daily candle. Does he follow the daily bias.