EURAUD Swing Trade 4H Time Frame
Third trade I am taking today. Two other trades earlier today was closed for small loss of a total of -0.46R(NZDUSD) and maybe -0.56R(CADJPY).
I realised my folly. I should have checked the big boys level on the 4H and/or even also the Daily Time Frame as confirmation before entering my trades.
I need price to be at a discounted price zone on the Big Boys Level. Before I give the go ahead for myself to buy or sell. For others, they would do a top down analysis, which is to find setups that is near their Area Of Value on the big boys level. Actually, the theory is the same, regardless of if you do it from bottoms up or top down.
In the chart attached, it shows that the sellers are reluctant to give a discount now, and it might mean that the sellers are anticipating a wave of demand to come in soon, and that is why they are not willing to sell for a discount now, and instead, am stocking up before the demand surge.
Thats what I see now.
2047SGT
18032024
I realised my folly. I should have checked the big boys level on the 4H and/or even also the Daily Time Frame as confirmation before entering my trades.
I need price to be at a discounted price zone on the Big Boys Level. Before I give the go ahead for myself to buy or sell. For others, they would do a top down analysis, which is to find setups that is near their Area Of Value on the big boys level. Actually, the theory is the same, regardless of if you do it from bottoms up or top down.
In the chart attached, it shows that the sellers are reluctant to give a discount now, and it might mean that the sellers are anticipating a wave of demand to come in soon, and that is why they are not willing to sell for a discount now, and instead, am stocking up before the demand surge.
Thats what I see now.
2047SGT
18032024
Trade closed manually:
Exited because brain fried. Small loss, at least. consolidation LOL.
2218SGT
18032024
2218SGT
18032024