For the past one week, i have posted about prices going to 1154... Trouble with retracements is that they are swift and spikey... By the time we get a confirmed BUY or SELL set up, we are nowhere near the HIGH or SELL respectively...
As you may know I offer a bunch of indicators that provide you with surrogate values of real volumes on Forex market. For example, TrueVolumeSurrogate, OnBalanceVolumeSurrogate, EvoLevels. Lately the indicator OnBalanceVolumeSurrogate has been updated to version 1.2...
Entered a BUY order as the yellow was locked above black in H1, price was near a LOW ZZ in all time frames, the price was below the opening price of all the current candles in all time frames. Entered a stop loss a pip below the previous H4 candle...
Another opportunity with a LOW ZZ, yellow locked above black in H1. Will wait for the price to come close to the MAs before entering an ordering. Waiting for the price to reach 1087.00 to enter a BUY...
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Since the price went below the LOW of Monday, closed the BUY order with a profit of $12. Will wait for a high for a SELL or a low for the BUY retracement...
The set up is looking perfect for a SELL. I would have happily entered a SELL order if the same set up was there near a HIGH ZZ. Since it is showing up near a LOW ZZ, and the prices were below today's opening price, entered another BUY order, with a stop loss below Monday's LOW...
Classic set up for a confirmed SELL in all time frames. Not comfortable to enter a SELL from a LOW Zigzag. Entered a stop loss just below the order levels, just in case...
The more it gets delayed (ranging) the more i am convinced about the upward movement. It is preferable to take the risk of buying from a LOW even with confusion than being confidently selling from a LOW...
The yellow is locked below black MA in H4 but the current H4 candle high is higher than the previous H4 candle. Will wait for the close of this candle to decide on keeping the trade. In H1, the yellow is locked above the black MA but H4 being the higher time frame is more important...
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Not exiting the trade yet, as the yellow is locked above black in H4. This being a retracement rather than a trend, slow upward movement could be possible...
At the close of the previous H4 candle, the candle did not close above the opening price to become a white candle, but it retraced enough to indicate a possibility of price going towards 1154.00...
refer to my previous post for more details https://www.mql5.com/en/blogs/post/645143 While there is a remote chance of the price retracing down to meet the MA in H4, i am still keeping my trade open, in the belief that the prices would go back to the high ZZ immediately to the current levels...
Encourage you to read the 3 quadrant strategy from the website https://sites.google.com/site/hilotrades/buylow-sellhigh to understand the trading logic. The basic set up as per level 1 trading method is shown below: Entered an order with Level 2 and 3 confirmation. So ignore it for the moment...
Arguments GBPUSD Outside day inversion breaks week by week opening reach Overhauled targets & negation levels Occasion Risk on Tap This Week Specialized Outlook...
EUR/USD topped by 1.0960 After a brief automatic to the 1.0920 zone, or session lows, the pair has figured out how to recapture the upside energy and test the upper bound of the every day go in this way...
Risk reversal (shown VIX) & workings of the reverse carry trade The reverse carry trade is what’s called an event driven strategy...
