PRICE ACTION / TREND FOLLOWING VOLUME #8
PRICE ACTION TRADING.
STEP SIXTEEN
Find a supply and demand zone.
STEP SEVENTEEN
Find a PINBAR at demand or supply zone.
STEP EIGHTEEN
Add RSI 7 Close on your chart, and check if it is above or below 70,30 zone. ( Overbought or Oversold )
STEP NINETEEN
Check for round numbers 1000,1100,1200,1300,1400,1500
STEP TWENTY
Check the MACD indicator divergence.
PRACTICE,PRACTICE,PRACTICE AND PRACTICE
SEE YOU AT NEXT VOLUME !!
-NEW SIGNAL-
Type : Pending Order
Date : 16.6.2016
Time : 23:10 GMT+1
Technical : Daily pinbar on strong resistance/ supply zone with atr about 400 pips. Macd strong divergence. Rsi get a momentum. H1 strong uptrend trend line broken. Pinbar on RN- round number 1300.
Pair : XAUUSD
Timeframe : DAILY
Trade setup : SHORT
Entry at : 1275.75
Take profit 1 : 1.200 ( 760 pips )
Take profit 2 : /
Take profit 3 : /
Stop loss : 1317.52 ( 400 pips )
Risk reward :
TP1 – 1.9:1
Our risk :
- Deep retrace entry on a PA bar = 1.5% risk
STEP SIXTEEN
Find a supply and demand zone.
STEP SEVENTEEN
Find a PINBAR at demand or supply zone.
STEP EIGHTEEN
Add RSI 7 Close on your chart, and check if it is above or below 70,30 zone. ( Overbought or Oversold )
STEP NINETEEN
Check for round numbers 1000,1100,1200,1300,1400,1500
STEP TWENTY
Check the MACD indicator divergence.
PRACTICE,PRACTICE,PRACTICE AND PRACTICE
SEE YOU AT NEXT VOLUME !!
-NEW SIGNAL-
Type : Pending Order
Date : 16.6.2016
Time : 23:10 GMT+1
Technical : Daily pinbar on strong resistance/ supply zone with atr about 400 pips. Macd strong divergence. Rsi get a momentum. H1 strong uptrend trend line broken. Pinbar on RN- round number 1300.
Pair : XAUUSD
Timeframe : DAILY
Trade setup : SHORT
Entry at : 1275.75
Take profit 1 : 1.200 ( 760 pips )
Take profit 2 : /
Take profit 3 : /
Stop loss : 1317.52 ( 400 pips )
Risk reward :
TP1 – 1.9:1
Our risk :
- Deep retrace entry on a PA bar = 1.5% risk
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Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.
Related publications
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.