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...
For some traders, the drawdowns in the Martingale system are just too scary to live with. That “roller coaster” ride ends-up causing them sleepless nights and stomach ulcers. Anti martingale, as trend following system. If this sounds like you, there is an alternative...
Good Morning iam very happy to begin my first chart megapixel withe my communauty and iwould to say you this YM is moving up after buying strong signale move up this direction emerge nice profit and we are waiting the corection for selling Best Regards lahcene...
Here is reality: Books on charts, or technical analysis, sell like hotcakes. People who try to extract what stocks, bonds, currencies, and commodities will do in the future love books that talk about candles, lines, support, resistance, and whether J...
For today R4 - 195.26 R3 - 193.95 R2 - 193.53 R1 - 193.02...
I got to tell you i have tried all systems , all EA's and there is one system that i actually felt safe with , which is the natural flow of the market ..swing trading . i'm not a big fan of technical trading...
The Best Ways To Invest In Gold Without Holding It Gold has been a substance of value for millennia, and remains valuable today with the price of one ounce of the precious metal commanding around $1,200...
Description This is a half scalping system that analyzes the market using a transmission function and price movement speed. This Expert Advisor is intended for trading on EURUSD, however it can run on other currency pairs. Please use the M1 timeframe...
