Hey R2 looking forward to seeing your charts, I know you guys feel like you are still starting but from my perspective you are eons ahead of me. Any here are some charts!
Wssup Chartzard,
That is a clear Demand zone on the 4H TF. But I wouldn’t think this is a strong area. If you want to trade it you might want to see for PA candles that occur once the price is in your zone. If not, then don’t enter the trade for the following reasons A.trading against the trend, B. we are currently bouncing off from a D1 TF Supply zone.
This thread is exactly where we started and learning from each other!
It had a nice bounce but those djoi’s are not giving me any confidence, will keep an eye on this one and update you guys through out the week. May try again with a small position 3/4 down the demand zone.
Also been milking this pair for the past few days(about 100pibs from 3 positions), its back up for a quick spike but I think it still has room to fall!
P.S those last few candles are not real lol, they are wish list candles
Update 5-13 bad day should of checked the calendar, strong US data this morning.
hey guys,
sorry for not joining some time…
but iam affected from a fu…g headache disease ( cluster Headache) what makes it impossible to analyse and check charts in a normal way…
so i currently relaxing and try to get healthy …as soon as everything is normal i will join again regulary…
of course i will check this forum from time to time …
so wish you all the best and many many pips
see you soon
I been in this Trade since last week, The red down arrows are my Entries. At one point I was in the water fro 90PIBs, but now sitting with a net gain of 60 pibs, Id like to see this thing hit 1.27850. I can either bounce from that point or continue down towards the demand level.
Looks like a good trade, but again, there is news coming out of US, so I would recommend to move your Stops closer right before the news releases so that you are locking in some profits.
Another Short on a USD pair
USDCHF
D1 TF
Short from Supply zone along with a doji price action candle. Will short once the candle closes with Stops just above the candle