I am really tempted to go LONG here because we have a Demand zone on the Weekly TF, but it is against the trend.
I believe this is a strong reversal area but lack confluence to get in the trade.
Anyone else have opinions on this one ?
I am really tempted to go LONG here because we have a Demand zone on the Weekly TF, but it is against the trend.
I believe this is a strong reversal area but lack confluence to get in the trade.
Anyone else have opinions on this one ?
Agree with you on that. I havenāt entered that trade yet. Will be looking for a bounce from the 2nd Supply Zone in my chart above.
Hey Guys
i totaly agree with R2 Ā“s charts looks like a promissing week for us ( hopefully)ā¦thx for the posts
iam only able to have a quick look at the chart today ā¦this evening i can have a relaxed look at it and if i see a good entry i can post ā¦
i also dont realy know if i should go in that nzd cad trade ā¦think i will just have a look cause iam not sure about it
i would like to go short with usd jpy too maybe we should wait for Boj at thursday this could lead to a dropā¦
Yes have the same problemā¦ but for PA candles its the best to wait until the candle closes so in my case the daily candle closes at 23.00 (gmt+2, i think )good time to have a look
but if you look at 4h ar less its hard to monitor the PA unless you are full time.
whish a succesfull week to everybody ā¦
letz bring the pips home
Thanks R2!
its waiting timeā¦patience training
wednesday and thursday will give us opportunitys ā¦so watch out and be carefulā¦
Stopped out at -64 pips on the NZD USD going long on the daily demand zone But I still think its a strong play and will go back up.
NZD USD weekly trend is up, on the daily demand is being respected. The path up is pretty clear, no S&R lines between price and the next daily supply. There is major NZD news coming out right now and there will be US news early Thurs morning but I think the rest of Thursday and Friday is news free for the pair.
txs
Hi Trueman, Iām curious about what made you call out Wed and Thurs specifically?
txs
Made some crazy pips on AUDJPY and AUDNZD bouncing off the Supply zone! The news events probably helped to speed up the gains!
300 pips on AUDJPY and 230 pips on AUDNZD.
Had a rough start to the week, due to some not very well planned GBP pairs, but at end of the week, we are profitable.
I was going over random threads on Babypips and came across a trader who had some interesting things to share, on further investigating found that he had a blog where he had shared in depth about S&D and how he uses fixed set of parameters to enter trades based on S&D! check it out. He also has a cheat sheet to rate different trades. Will be studying over his trading plan over the weekend and try to implement it next week! Hereās his blog - Husky_1ās Currency Trading Blog
The reasons are FED, BOJ , RBNZ,ā¦big news big movements
yeaah iam with you ( incredible how amazing this style of trading is )
aud nzd was very niceā¦aud jpy also ā¦but i am out nowā¦
nzd usd is still open about 110 pips profitā¦
missed some jpy pairs but they dont reached our zone and droped before touching itā¦
very good weekā¦
but hadnt much time to post hereā¦
"The news events probably helped to speed up the gains!"
Yes its like news are the trigger for our movementsā¦
Is now the time to go SHORT ON GBPUSD ?
Its at a weak supply zone so I wouldnāt without price action to confirm
If you donāt mind, can you elaborate on why you think this is a weak Supply zone ?
Sorry for the delay in replying.
This zone has been visited by price on a few occasions so it is not āfresh.ā
Hey guys
this was a nice week i think
Thx to R2 for posting the link to a lot of sam seiden videos and other good stuff ā¦i will have a look at it at this weekend
and i saw some interesting post at twitterā¦iam a follower of Maryo at twitter
( same Maryo from Maryo Chart thread)
and he posted a link to a instruction for identify ābouncing zonesā guess what its a link which was postet in the early pages in this thread here ( 21pips.com | Quality Forex Knoweldge )
this makes me believe in this trading style even stronger ( in s&d we trust )
so time for studying r2Ā“s link and analyse the chart .
i still have 2 open positions over weekend
nzd/usd +130 pips profit at the time
opend position after price touched support area and trendline
again not a typical s&d trade but a good trade triggerd by a support
i think since starting this thread we have already learned alot in a short time ā¦lets go on on this road
Yes i would also say its not afresh zone ā¦