Daily Forex Trading

[LeMercenaire]

Interesting level...

AUDJPY.cH4asinterestinglevel4thJune18crop.png

It’s almost as if you’d expect something to happen there.....

I know, isn't it? I wonder what?

[achooblessyou]

AJ played the ALL IMPORTANT DWZ for some money. Was expecting something a little more specific like a h1 or h4 supply drop. That being said I focused on EU at London and waited for the 3rd hour reversal, held all the way to the us session. Also just took the us reversal for +5 then some.

[LeMercenaire]

AJ played the ALL IMPORTANT DWZ for some money. Was expecting something a little more specific like a h1 or h4 supply drop. That being said I focused on EU at London and waited for the 3rd hour reversal, held all the way to the us session. Also just took the us reversal for +5 then some.

It's so useful to know that if all other info is scarce on the ground that you can step back and use DWZ and pick up pips all over the place.

[LeMercenaire]

Interesting level...

AUDJPY.cH4asinterestinglevel4thJune18crop.png

Well, that certainly played out nicely...

AUDJPY.cH4thatplayedoutwell5thJune18crop.png (23.58 KiB) Viewed 3603 times

[achooblessyou]

+2% US 123 EU

[LeMercenaire]

Not the trade as such - and ignore my indi - but I thought it was interesting to show what is as perfect a 50-Fib bounce as you're likely to see.

Oh and then the Z-Line below, lol.

USDJPYH1perfect50-BounceoutofDZ11thJune18.png (29.8 KiB) Viewed 3530 times

[LeMercenaire]

My DAX-Monster set-up is being messed with by a Z-Line (that matches up almost exactly with the DS1).

Mondays. Ho hum...

.DE30.H1asZ-LinealongtheDS1line18thJune18crop.png (23.65 KiB) Viewed 3481 times

[LeMercenaire]

That Z-Line set-up played out perfectly...

.DE30.H1astheZ-Linesideofthings18thJune18crop.png (23.73 KiB) Viewed 3476 times

Inked.DE30.H1astheZ-Linesideofthings18thJune18-extreme-crop_LI.jpg (238.61 KiB) Viewed 3476 times

Dropping the 50-Fib over the top also helps with that entry...

.DE30.H1youcanalsousethe50-fibcwZ-Lineforentry18thJune18crop.png (26.57 KiB) Viewed 3476 times

[LeMercenaire]

That Short is still pummelling itself into the ground. All the way to the major Demand Zone now...

.DE30.H1allthewaaydowntothemajorDemandZone18thJune18crop.png (28.57 KiB) Viewed 3474 times

[LeMercenaire]

In the end, no bounce came for us after the drop. Fair enough, how much good stuff can you handle in one day?!

Assuming there is no funny business overnight, it could in fact make things very interesting for us tomorrow.

.DE30.H1nobounceintheend18thJune18.png (34.94 KiB) Viewed 3464 times