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Yea I'd noticed the Oz Opinion onforexintuitivewas Brief. Probably a fantastic time to begin buying it https://forexintuitive.com/attachments/1526427569.jpgQuote:
Originally Posted by ;
The only observation I've re Oz (I do transaction this pair, largely on M15) is the following:
W1
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This is actually the third week it's been at historic supply and even though we have a bearish candle, this alone isn't an indiion to brief my side.
In these types of situations we do occasionally see indiions in reduced TFs. When trying to analyse W1, D1 would be the cheapest I would go:
D1
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There is nothing in this PA that compels me to sell. It might rally from here.
I will just continue trading it on M15 for now. Let us see how Daily plays out this coming week.
For day trading, what, in your opinion, constitutes a trusted way of exit for profitable trading?
1. Some opposite in the time frame you entered.
2. A minimum ratio of reward to risk. With some discretion and variability goven towards pair volatility.
3. A variation of 1. In which some profit e.g. 1/3 or 2/3 is taken in an immediate opposite support/resistance, and rest left to run in context of time frames.
4. Some combo above of either or all.
5. Something else?
Ideally, your choice 3 makes most sense to me since once I enter a trade there is usually a structure to the left I can reference for departure. That structure will be S/R or an opposing untested SD zone. In an perfect world I'd take 1/3 off at S/R, 1/3 off in SD, then enlarge the stop behind new structure for the rest 1/3.Quote:
Originally Posted by ;
Whichever method one applies, I must say it is extremely important to take 2R from the market otherwise trading's not worth the effort. Having said this, it is equally important not to rush out in 2R once the market's certainly offering 4R for instance. That aspect of trade management is a balancing act and I think getting it is more down to experience than anything else.
I am interested, is your H4 trend up or down?
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Produced this informative article regarding Gold about the VSA thread. Do not wish to pollute malcom's work will tie the post in with my own comments.
VSA I think is very interesting - especially in slow markets when the mind can roam. I enjoy the way it is being put to use and it does clearly offer trading signals. Yesterday, but the thing I learned watching Gold (a pair I really don't trade) is that patience and SR/SD remains quite sufficient to draw considerable data from this market to generate a signal.
In the time of this above post my said view on Gold was that it had been long and actually a brief would be contra that direction. Having said that, a signal is a signal, even when it trumps directional view since at some stage, markets constantly flip. Malcolm's signal combined with some basic SR/SD gave a massive trade, although I must say, for me personally, the signal was still based solely on SR/SD. After Gold dropped it set in a normal market behavior with re-accumulation creating demand and a retest for continued a return up.
The moral of this story? As much as VSA presents an interesting viewpoint on the market, for me personally, the goal is still achieved using basic SR/SD patience and principles.
M15 chart for mention:
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I would say down since the break of this level...Quote:
Originally Posted by ;
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Good morning traders.
I've been doing this on 1h htf because I had been busy.
Just exited UJ short trip,over 1300 euros profit reside trading.
My combination was very easy:
Daily timeframe with 1h timeframe.
Always using Daily S/D as direction and 1h to enter on low risk entries with P.O
I open my charts 40min daily before the beginning of the new daily candle,set p.o on s/d level and close to the chart until the following day is over.
The results were so amazing.
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Nice to see you have finally gotten off these tick charts https://forexintuitive.com/attachments/1526427576.pngQuote:
Originally Posted by ;
Yea, I would agree - leadership at this point I'd have as down due to the reason you gave.Quote:
Originally Posted by ;
Until these two reduced demands are taken out, nevertheless, overall H4 fad, for me personally is still up. If I was shorting LTFs these demands are goals.
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