Missed my SHORT by 0.5 pips, then price went down as predicted, reached my target LONG, but again, missed entry by 0.2 pips, then price moved up as anticipated and hit my target of 6:1. Set tight targets to reduce margin and risk, but back-fired as I was not filled on both trades, all be it by micro margins. Tough lesson to learn.
SZ traced back to March 2018 on the 3hr (data would not go back further), found corresponding DZ for the return. Close to the perfect trade, missed entry by 0.5 pips, then went to my DZ and missed that zone by 0.2pips. Close to returning 15 and 10 to 1 ratio on my targets, but ended up giving me nothing ! Are my zones too tight?
Both trades are in over and under-supplied zones. Market is range trading. Extremes of ranges both tested, zones refined to 15min TF to reduce margin
Both zones have been tested and strong movements away from combo zones. At time of trade, price is in-between ceiling and floor with strong candle movement and limited challenge for price to get through. In the long, 2 trades have been placed to reduce risk, (split by red line)
Split entry zones to reduce risk/margin. Zones identified on the 1hr and refined in the 15 and 30 min. Ranging market between 1.12 and 1.08 since May 2020. Zone tested 5 times already and ranged down significantly thereafter. If stopped out, second zone set to go immediately after
Split entry zones to reduce risk/margin. Zones identified on the 1hr and refined in the 15 and 30 min. Ranging market between 1.12 and 1.08 since May 2020. Zone tested 5 times already and ranged down significantly thereafter. If stopped out, second zone set to go immediately after
Long 1hrTF. One re-test, ranging on the daily, up-trend on week and monthly. Zone is first quality combo, concern is too risk averse to ascertain price entry and move up and away. Possible more aggressive zone's higher marked A & B?
Downtrend since 2015, attempting to catch a short to continue down. First combo has a re-test where I have set 2 targets, first target realistic, 2nd optimistic if I catch whole down-trend move as per price since 2015. A second 'contingency zone has been set above initial zone as this is the further combo to the further left where the most recent combos have...
Trying a post for the first time, day trade on NZDUSD, 3 re-tests, combo identified on a detailed 15min TF. Expecting a return before continuing on the downtrend, but may be too late?