As it is the easter break for many countries - today is a great day to review trades.
For us - we review GBP AUD
we have a great one hour supply zone which was broken and retested as expected to grab and accumulate a few more orders.
we have a strong downward push candle which takes us 100pips further down - and continues to fall as bearish move is very strong -...
Today we had a nice push down in the GBP pairs which set-up an MA trade on this pair. Although this was not the last to reach the MA, price pulled back to the MA as opposed to the MA coming to price. Those who trade the Gold Method Ichimoku and have been in the training, know exactly what I am talking about. GA is also my favorite pair.
Everybody in the training...
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1 HOUR
Very bullish price action..
4 HOUR
Price forming several HH and HL indicating a bullish pressure pattern.
DAILY
Sideways waving market found resistance now and is slowing down.
OVERALL
Price action is slowing...
Trading news can often be a nightmare especially trying to trade at the time of release as brokers often widen their spreads
and slip orders to the extreme of the spike.
This is a high probability method with Great RRR
As you can see the market spiked up on worse then expected AUD GDP news.
then the market went into a consolidation, and this is key to finding...
Sometimes it is better not to trade. Today for me, was one of those days. I was extremely tired, which happens from time to time as I get up at 1:30 am my time to trade. This can lead to mistakes. Today's trade idea is a good example, although GBPAUD was in a bullish run and I was looking and posted an idea for a pullback trade, there was signs of a reversal. I...
When looking for trades, my purpose is simple:
I look for High probability trades with good RRR (risk reward ratio)
I consider a trade high probability if it has an 80%, or better, historical success rate.
A good RRR (risk reward ratio) is 3-1 or better. meaning that we are risking $1 to make at least $3
Understand that by maintain a 3-1 RRR, even if I lose over...
Technical Analysis:
-Price broke below the MA pretty aggressively
-Now retesting the purple zone which was previous support
-Confluence between the zone and MA
Emotions:
-Saw price reacting to this level a little late, price wicked the kill zone to a T but now I may have missed the entry already. Not rushing into this trade, set my limits just in case price...
in 4 hour chart it doesn't brake the support level if it move up words there is a option for double top market will move in this space for this week if doesn't brake the resistance ....
Possible H&S ? Can we see a fall down to 1.68919 support line ?
Please tell me if this even counts as H&S, I will be very grateful.
Any objections/suggestions are welcome.
