20 hours ago
Hello Traders, here is the full analysis for this pair, let me know in the comment section below if you have any questions or suggestions. I suggest you keep this pair on your watchlist and see if the rules of your strategy are satisfied. Please adhere to good risk management. Also like, follow and cheer, thank you...
Watch for a close above a horizontal resistance level or a diagonal resistance level. A close above a resistance level turns level into support. Next watch for bullish price action at support in the form of a rejection candlestick like a pin bar; an engulfing bar; or an inside bar. Enter the market after the candlestick closes.
Here are some questions I put out to my community group the other day followed by the answers. The reasoning being the move has been annotated on the chart.
Why did price slowly decline prior to NFP?
- Price had to decline slightly before NFP to mitigate the impulsive move created earlier in the day.
- Price had to stop out break and re-test buyers with a tight...
Hi traders,
This is the first in a series of trade reviews that I will be doing for TradingView viewers where each week I will review one or two of my trades. We will outline why we entered them and also how they went.
This is meant only for educational purposes for you to learn some of the skills that I implement when trading.
In this trade I used a very...
Price broke below the support we highlighted, however as there was no lower wick on the 1h breakout candle, price had no clear range to move down, so instead of moving to the lower timeframes to look for selling confirmations, I stayed on the 1h timeframe and decided to look for a break and retest setup, as it was not on a lower timeframe my confidence for this...
I keep seeing charts that are very complicated. If they work for you and are consistently profitable then great don't change a thing.
If they aren't then go back to the basics. Start top down. Monthly, weekly, daily, 4hr. Key levels and trend lines all you need looking for confluences.
Need more help message me x
Backtesting Notes/Findings
// Price Action //
- Wicks are okay as long as candle closes blow most recent high/most recent low
>> Impulse candles should close below previous candle's wick, otherwise that's considered a break of recent low or high and retrace (lowers probability of momentum continuing in the direction of the impulse.)
- Careful of wicks and...
I'm gonna try and keep this short. Today is the start of a HUGE trading weekend, and I still have to get ready and head up.
Anyways. Look at my charts again. This is the 1H tf. I kept all the successful and failed trade setups I entered with annotations for justification, etc.
There are a couple things to do that I didn't.
1) Recognize the larger trend. ...
FX:GBPCHF
4 Hour
This image explains everything. 4 Hour breakout levels identified. Waited for a 4 hour candle to close below the blue line.
Entered on retest.
.
Closed .07 @ +20 pips. And left .03 running with a 20 pip trailing stop from breakeven.
Also posted the progress of this trade on my Instagram stories. Check it out @ www.instagram.com
FX:EURAUD
1 HOUR
4 HOUR
Ok so here we are, back at it. I posted this trade on my instagram stories earlier today( www.instagram.com)
I closed .08 of my position when price moved +20 pips in my direction. Stop moved to breakeven and trailing stop set at +20pips. .
Now that the numbers are out the way. Here’s why I entered:
First off I overnight yesterday I...
