drewfx
Long

04.10.14 USDCHF LONG SETUP

FX:USDCHF   U.S. Dollar/Swiss Franc
38 4 0
LONG SETUP
csaav
2 years ago
Hey Drew,
are you looking at the daily for your trend?
looks like its a down trend, the probability of getting a nice profit might be in a short position?

what do you think?
Reply
drewfx PRO
2 years ago
Hey C,
By the way I never asked if you are okay if I call you "C" lol ?

Lately I have been following Sam Evans, and I think I connect with him the most regarding trading. He looks at very high time frame, usually nothing lower than 4hr time frame. So I am trying to shadow his trading style.

As for the trade you are correct it is in a down trend on the daily, and it is also in a down trend on the weekly. But when you zoom out onto the weekly price is in a weekly demand zone. You can check out the link to see:
snapshot


So I realized that I was getting stopped out of alot of trades so I am changing things up and trying to shadow Sam Evans. So I am looking to buy setups in Weekly Demand Zone or very near Demand Zones which is considered low on the curve. For short setups I am looking for setup in Weekly Supply Zones or very near Supply Zones which is considered high on the curve.
Reply
drewfx PRO
2 years ago
Trade Entered Long
Reply
drewfx PRO
2 years ago
PT1 and PT2 Hit. PT3: Stop moved to breakeven
Reply
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