brettschoenfelder

brettschoenfelder

I looked closely at the zone at the bottom of the trading range, but felt it had traded at that price point for too long and ultimately dismissed it. I'm estimating that the Daily Demand will eventually be broken... two buy set ups are shown. Trades are in for both.

brettschoenfelder

In previous set-up I was looking to sell USDCAD at the Daily Demand level @1.345. I really liked this zone and it fit the criteria of my edge, but is located in the middle portion of a trading range. No matter how good the zone, any set up in the middle of a range is lower probability. This set -up takes a stab at selling from the top of the range out of the...

brettschoenfelder Updated 

Stab at a sell. Set up based off a 240/Daily Nested or upper portion of daily Supply Zone. Important to watch price action unfold to see if idea holds...

brettschoenfelder

Price has been bouncing between two daily levels. I estimate that it will continue to trade within that range. With a potential range forming, my rules tell me I must only trade at the top or bottom of the range. If price trades thru the 55 level, look for STRONG selling pressure @ 56.50 and a $4-5 drop following.

brettschoenfelder Updated 

3 Buy zones (4h Demand Zones) nested within Weekly Demand Initial moves away all 6:1 or greater, profit targets 4:1/4:1/7:1 I'm anticipating reactions off the 60min supply and 4h supply, thus profits should be taken before the Supply above. If Daily Supply is taken out before return to buy zones, trailing stop may be permitted.

brettschoenfelder Updated 

This set-up closely resembles the one on the Aussie Dollar. Price action of AUDUSD and NZDUSD resemble each other, so it was a mistake having both trades going. Trade is already active, so I am journaling it. My preference would be to have one or the other. So...its either going to be a plus trade x 2 or a minus trade x 2. Will leave them both on for now.

brettschoenfelder Updated 

Trade triggered a few moments ago. Quickly Journaled. In in uptrend. Took trade off the Daily demand. Bottom of the zone contained 4h structure, which trade was based off.

brettschoenfelder Updated 

Potential SELL opportunity off a 4h zone. Zone is fresh but a reaction off a previous zone. Not ideal, but the strong 7:1 move away from this area makes it worth a shot. I found this opportunity while setting up a BUY in the Nearest Fresh Demand. I'll be marking that one up next.

brettschoenfelder Updated 

Setup based off Daily Supply Zone -Initial move away 6:1 -Fresh level -DXY in/approaching Demand -Potential Support/Resistance Confluence -5:1 Reward to Risk

brettschoenfelder Updated 

Theresa May speech jolted the Pound Sterling up into Daily Demand. The daily zone was not fresh, but a 4h zone was created out of the reaction. Whether this sell works or not, there are potential opportunities to buy or sell that I will be watching.

brettschoenfelder

Why do you trade? Consider writing down your personal trading goals. The following are my personal Trading Goals & Motivations (taken from my trade plan). Goals - Consistency 1. Focus on the process and let the results happen 2. Think in probabilities and whether I followed my plan. (Not right or wrong) 3. Master the ability to sit on my hands 4. Demand...