PA, S/R, ZL, EXTREMES & MOMO

[newscalper]

Out +3
We're just trading in the middle of a 'something zone atm.

[paweldobkowski]

1 Q:

What do You think. Is it a big difference to analyse charts with 4 decimal broker instead of 5 decimal?

Are 5 digits important for reading PA?

[ajaymein]

Gonna try a eur short off h1 and m15 momo at the supply level. Got entry at 1.4140 got stop above 1.4150 and wanna take profit at yesterdays low...I love hanging man formations and the daily made one...but there is further supply up towards 4180ish area too so could easily get stopped out. I'll find out when I wake up in a few hours

[newscalper]

EUR is going further up - bigger zones above and NFP tomorrow.

[newscalper]

Obviously I can't predict the future but there's a chance it may range now and then they'll spike it up tomorrow before taking it down.

[newscalper]

Long USDCHF off the low and 15 minute fatcat, limit order, red bar entry

[newscalper]

Out -13. In too early I reckon

[TygerKrane]

Does anyone pay attention to the day open price, as a line to observe for PA?

O H L C of current and previous Day, Week and Month. These are pretty reliable S/R zones. I mark them on my chart.

Thanks pika.

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gonna try bumping up the question one more time:

Does anyone pay attention to the day open price, as a line to observe for PA?

[newscalper]

Well, having a bitch of a day so far. Down 40 pips. Waiting to see if this 1hr momo on EU from the mother of all zones retraces so I can get in.

[paweldobkowski]

I had a great day today. Since ES told me to stick with 0,5% account risk for 10pips Im makin relatively big amount of pips a day. Well amount big enough to become rich but my mind is clearly not ready to become rich ; ) Im not posting retrospective charts because Im not a pro and I dont want to confuse anyone.

It's great to earn pips but still when I try to increase my lot size emotions are taking over the game and I start to trade like s**t. It's frustrating. It seems like it takes time to get used to it and just do Your thing. Meanwhile Im sticking with my nightshifts work as an income source ; )

TygerKrane: I pay attention to daily Highs and Lows. Actually I pay attention to many points of reference as I belive anything can create S/R. I dont really like when market turns without my permission ; D

Keep in mind that Im not an authority and with real money I proudly stay at breakeven. I can rock the s**t out of demo account though ; )