Held over night but now out of EJ for 40 pips - 15 min trendline low bust
edit: looks like I should have held
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- newscalper
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Hi Doji
Hi Doji.
I've been reading your thread everyday for the last few months. I think i'm on the right track, but I'm only taking a few pips.
Would you be so kind as to review my chart analysis?
1. I've drawn 2 zones on the h1 chart.
2. Scale down to m15. Price is selling, off of H1 zone, with m15 MOMO but we are headed into some m15 support.
3. Would the m15 demand be my tp?
a) Or would it be wise to hold for h1 demand. If we wait for price to sell to H1 demand, would we need to see and m15 MOMO break through m15 demand level first?
Thank you in advance.
I've been reading your thread everyday for the last few months. I think i'm on the right track, but I'm only taking a few pips.
Would you be so kind as to review my chart analysis?
1. I've drawn 2 zones on the h1 chart.
2. Scale down to m15. Price is selling, off of H1 zone, with m15 MOMO but we are headed into some m15 support.
3. Would the m15 demand be my tp?
a) Or would it be wise to hold for h1 demand. If we wait for price to sell to H1 demand, would we need to see and m15 MOMO break through m15 demand level first?
Thank you in advance.
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- dojirock
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When I trade with the 15 min chart or less my bias is 30 min or higher....
I don't trade against the bias much anymore...makes life easier.
So, with that, the hourly and 30 minute have not given any reason to go short yet, and we have a gap yet(not that i put alot of weight on that).
When price reaches a previous supply area I am more apt to take off some of my profits and wait for expansion before closing out....there is no guessing reversals for me anymore...one can get quite good at it, but with MM and taking that step out of my trading plan has increased my success.
So I would not be trading short at the moment until I get a 30 or higher indication of bearish activity. YES, doji is off the 15 and 5 min charts....there is hope for me yet..right MO?
Hope this answers your question...if not the ask again....and I will try again!
good trading.....
I don't trade against the bias much anymore...makes life easier.
So, with that, the hourly and 30 minute have not given any reason to go short yet, and we have a gap yet(not that i put alot of weight on that).
When price reaches a previous supply area I am more apt to take off some of my profits and wait for expansion before closing out....there is no guessing reversals for me anymore...one can get quite good at it, but with MM and taking that step out of my trading plan has increased my success.
So I would not be trading short at the moment until I get a 30 or higher indication of bearish activity. YES, doji is off the 15 and 5 min charts....there is hope for me yet..right MO?
Hope this answers your question...if not the ask again....and I will try again!
good trading.....
It always takes Momentum to break Momentum!
"A small loss is just as satisfying as a large gain" -MO
"Sometimes we need to stop learning and start thinking...."
"Once you stack, you'll never go back!"
"A small loss is just as satisfying as a large gain" -MO
"Sometimes we need to stop learning and start thinking...."
"Once you stack, you'll never go back!"
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