Upon color change of MA line, wait for first bar to close to confirm color change. Enter on 2nd color change bar on MA after cross in DMI or if DI+ or DI- is above 25 or ADX is going higher or is above 25. Set TP at 1 ATR ( I set a bit below ATR to ensure I hit my TP) SL is either a bit below previous swing high or swing low. Think I might do stop loss 1 ATR away...
Good morning traders! Yesterday I shared a trade on EURUSD to sell it since I didn't give it to my customers, today I want to tell you to take your profits since the market is too low and it will come back up later this day I case you're seller. I could catch it this morning with my customers and made some good profit from it. We closed and I want to tell y'all to...
Potential shorts lining up for a NY session move, on the 15m TF we can see price is over extended to the upside sooner or later the institutions that drove the price up will take profits on there longs and this will create a retracement move. We can also Identify how the market is testing a psychological level of supply at 1.8000 in confluence with a 4H zone and...
euraud completed my forecast. time for new analysis on this pair. will be updated shortly
Hello. I did a sell setup on NZDUSD on 9th Jan this year when the price was around 0.6360 and people rushed in to sell. I've been patiently waiting for price to reach my expected zone and instead it missed the zone by 4 pips before dropping a little and has been consolidating in a range. Let's wait for volatility and see what price action will tell us
Hello and happy pipful year everyone. Based on the current consolidation I think it'd be safe to wait for price to first take out any liquidity lying above the current 2H highs and drive through to the BMs price above. I feel that would be a safe short entry. R:R = 2.7
Hello friends. I hope you're enjoying your holiday with your families and friends. Was just looking at the charts and found out that our DXY setup is still playing along. Happy New Year!
I moved my SL a bit high to 1810. If you fully understand my strategy you probably did so too. Let's see how it goes but it's been a fairly good week
NZDUSD took out and gained liquidity by running last week's lows, I see some bullish momentum developing and that's why I think that a bullish move might most likely happen.
To be honest I had started thinking that the setup will not work because of how price has been behaving lately. However, I would move SL secure my profits if I were you
We hit full TP although the short term setup I also gave failed. Let's see what's next for gold
A look at M15 shows a bearish trend developing. I had posted earlier (19th Dec 2022) that the gold buy setup was a risky setup and we're yet to see how that goes. So in the meantime I think that on the M15 chart, price could drop further to cover a void that was left during its move up last week. A 1:3 R:R.
Since in order for the exchange rate to buy higher, it must first drop lower in order to buy at a discounted price. It's everyday simple business law. Therefore, in this case gold might retrace to fill the 1H void in price then perhaps rally from the fair value gap or the order block. However, I consider this a riskier trade as opposed to the short setup because...
It's that time again, the holiday season when price becomes sluggish and unreadable. However, I see a void in price upwards that might be filled by gold up to the bearish 2H order block that might serve as supply zone to take price bearish. To me that's also a safe area to take shorts. THIS SETUP DOESN'T GUARANTEE PRICE MOVEMENT. APPLY PROPER RISK MANAGEMENT
One of the things I've realized in the years I've used this strategy is that price will 98%+ of the time respect my entry zones even though go in my speculated direction. When you see that happen it means that such zones are special and are also known to the market makers. Price has been consolidating at the supply zone I identified yesterday on DXY but it's not...
There's quite some bearish momentum on DXY and although FOMC issued hawkish statements to try and jawbone the dollar into strengthening it's most likely that the USD will continue bearish though not in the long term. Price action in my perspective agrees with a bearish dollar
Price reached my entry zone which rejected bearish prices for a short while but the initial momentum had become too bearish for price to start buying from that entry. Outcome: SL hit
The setup failed and hit SL. That's why risk management is highly important. No matter how promising a setup might look, only take a calculated risk that is not above 4% of your equity.