In newbie island, I want to offer a new group ‘Sharing n Daring’. The motive of this group is to show the dare of sharing the order’s and nasalization of new traders. This will help us all to understand how other trader’s think about the market and try to help each other’s weak points and gaining the advantages as well.
So I’m sharing my nasalization with eur/usd H1:
Price is getting consolidate near a trend line coming from the top and the support point (blue rectangle). Also there is a Fib 50 near the trend line and both 100 MA 200 MA are just above the price. It means market is in pressure from both areas. Below trend line also supporting the support zone. There is a descending triangle reflecting, from upper trend line and support zone.
I am not trying to change your mind here, and some may find a benefit in taking a look at your mistakes but since every trader is different and follows different strategies I am not sure how it will help in reality. Plus we learn best from our own mistakes. Either way, good luck with your idea and I hope some will find it beneficial.
I agree. There’s a HUGE consolidation in the 1Hour chart. There’s pressure for both sides. But, price is above the 200mva, so I will be looking for scalping opportunities in the direction of the 200mva trend and only when my system trigger a signal. (3 ducks system)
I do agree with you, however I just want to provide a way for those traders who are trying to learn and win market in a close 4 wall room. But not getting anyone to share or learn with them. Never mind. Thanks for replying.
Sure, after that the market bounced to long side for around 80-90 pips. This is just because the breaking of the triangle, fib 50 level, both sma were below price, also it tested the upper trend line after breaking it.
