Forex Trading 2018- TA/FA- Setups and discussion, 33328889, page-3155 - HotCopper | ASX Share Prices, Stock Market & Share Trading Forum

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GenYtrader2000

255 Posts.

28/05/18

00:18

Post #: 33328889
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Originally posted by RickM ↑

Hi Rick, many thanks for your time and providing your insights. I totally agree, just after I posted it i realised that sell could have gone either way, then went to check the Weekly chart.

Cheers

Hi Gen

Good Analysis there, here is my 2 cents worth as a trader who follows the worker ( Day Chart ).
I only TRY to Buy when the weekly is Bullish ( Blue Area ) and sell when the weekly is bearish ( yellow Area ).
I like your entry on breakout at Demand but I would have exited earlier. After that there would be no more Longs for me.
On the Sell, it is still in a Bullish trend so too early. I wait till I get a good Bearish weekly candle then I look for a position to enter. The Day candle is called the worker because this is where the moves occur, I then perform the task of timing the trade on H4. I prefer to add on trades to form baskets when a good pullback to supply occurs.

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