Heaven10
EssentialWait for BOS with candle close, if it pulls back take any other zone with Exit 1 at the next zone. 300 pip SL
Waiting on pullback in M5 for an Exit 1 trade. Set BE after Exit 1. 300 pip SL on first and 500 pip on bigger pullback, if course gets there.
USDJPY just reaching another high. I go for sells in here. 23 pip SL/ 23 pip Exit 1
I will try to go for buys, when price reaches the hourly floor. We have an Intraday zone above and hourly resistance beneath. Careful, the top is still dominant. Use RSI to get an entry, if you buy, wait until it has hit the floor 2 or 3 times and shows clear momentum upwards (candle close with few pip distance from zone means rejection, candle close touching...
Independent from News, GBPUSD is near the daily Top. This is possibly a reentry with about 15 pip SL 1:1 Exit. Set BE after Exit1
I had a message and was inspired to speak my mind about correct risk management. What is it? How can I use it? How does it serve me? First of all, positions with no SL are a really bad idea, I don't care what bankers do. It is not cool or useful at all. Depending on how refined your strategy is, you will be struggling with higher Exits in your beginnings....
Gold is near the daily floor, but didn't want to drop all the way. I do not like that zone, there is a daily and a new hourly Key Level. If you trade here with 500 pip SL from zone to zone. News is coming out in 20 minutes, I will be watching for a News trade today, about 30 minutes to 2 hours after News, when market has calmed down.
I took about 350 pip SL. You can also wait for the bullish move and first pullback with RSI. Take 1:1 Exit 1. Leave also an open position in Break Even after Exit 1. This is higher risk, as the market has not definitely reversed yet.
150 pip SL. DJ30 is looking for a new floor again, it was consolidating around the last area. I have not looked for possible resistance areas. You could also take 300 pip exit 1 in here just to be safe... Also the stop loss is small. A wiggle room of 300 pip is never too bad. I like to use the hours when the markets are just slowing down, I think volatility will...
Volume will be pushing down further throughout the Asian Session. If you want a little higher risk, take about 100 pip Stop Loss. Wait for confirmation.
Good morning, I took the time to show you my analysis and how I work. - Top Down D1 to H1 - Intraday through scalping - DKLs / HKLs - Important Zones - Zone to Zone - Specific asset volatility - Entries - Stop Losses and Exits Hope you like it so far and could catch some pips. Let me know in the comments below.
More volatility coming in. If you can catch a pullback in M1. I think its about to break the floor
AUDUSD has strong selling momentum and reversed in D1, he are looking for zonetozone sells before the hourly floor.
Has been falling throughout Asian session further. I would be careful around the next zone 38570 and if there are any reversal patterns in M15, otherwise you can take any pullback (highs in RSI) and pull the trigger. Is pretty safe now :)
Wait for BOS M15 or enter already. 300 pip SL today is crazy. Its a HKL here, middle risk but pretty secure its reaching for a new floor.
I do not like this zone. Fibs is showing a pickup at 0.786. But it's right at a point of massive contract volume. Anything can happen around there... If you see clear reversal at M15 and strong bullish momentum it's safe to buy from zone to zone. Be careful at the hourly ceiling and the hourly floor. When it gets there we need clear reversals in H1. Don't...
There are Key Levels on every timeframe. But the ones that are relevant are the ones that agree in between timeframes. There are Swing Key Levels, Intraday Keylevels /agree on H4 + H1) and Scalpers Key Levels (I use those that agree on H1 and M30). Key Levels are zones where the market has not decided yet which direction it will choose, but as a trader you have...
Within the Top Down Analysis from D1, the trend is continuing upwards. It broke the last H1 ceiling and is going somewhere towards north. The safest option is going bullish from zone to zone, until there is more structure. Be careful around 2357. Reversal for a bigger retracement is possible around there. This trade should play out before the USD News in the...