***FX-JEDI*** wrote:pablo101 wrote:Here is a nice EU for today. This one was an ehhh or orrr kind of trade. I placed the trade on the 1 hour short from the H4 1.4256 I had marked up from a while back, then I checked the H4 and there was a zline from yesterday candle (time 8:00) 1.4227! So I probably wouldn't have entered this trade if I saw that. But saying that, some nice wick action on the H1.
Oh yeah, I'm still iffy about choosing targets, so I chose the next H4 target.
Hi Pablo, good thing u got out at just above 1.4200 level you were also trading against current daily candle, so in regards to targets be mindful of zline area on Hr also, & any area where bullish areas may happen. Fib levels, support, whole numbers, when i'm short Im always looking for areas where the longs may come into play & when long looking for where shorts may come into play, they are my target levels.
Another thing I look for trade with current Daily candle & Hr as in Euro pic below, wait for HR to retrace, Daily still long, look for long areas on HR as mentioned above, fib levels, support lines, plus I use some candle formations,much safer when starting out.
I'll explain KR candles in next post, but question for you, as what TRO does here I have the yellow lines pointing to Bullish KR candles in pic below, what the difference between them & the candle just prior to it. hint its all about low & close. for BULLISH KR Candles
Here is how I see/think Euro short term...
Thanks for the comment
Just letting you know that I'm not ignoring you FX. When I put my kid in to sleep in 4-5 hours I'll get cracking on my homework assignment .... my son just yaked on me! thank you