pablo101 wrote:***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
Hi FX, sorry about that. Kids are great but they take a lot of energy
I think prior bearish candle close is near the next candle open which is bullish. Added to this fact is that price is hovering around the big number (1.4200) so lots of bullish KR candles.
I just found your other thread so still studying it too
To Pablo & Brettnchrism.
No worries Pablo I understand I have a little girl that just turn 1 & now another bub on the way, plus my wife has 2 boys 9 & 8 to a previous marriage, so can get busy here also..
Here is a few charts explaining what a bullish KR is on a daily & how I look to trade them & what I see, also now incorporating Zline trading . AUD was a bullish KR but not EU the other day.
sorry first to pics back to front, second pic should be first...damn reloading of pages painful...
Congrats ZZ, yeah I love my 1 year old!!