Forex Trading 2018- TA/FA- Setups and discussion, page-4775

  1. 2,131 Posts.
    lightbulb Created with Sketch. 3
    Hi Zestfulmocha


    For my long term trading - ( Day / H4 )

    I will Buy on the next pullback if I like the PA at the time on H4.  I have my Bias set to Buy in the direction of the Weekly but no target is set.

    I study the major Day  / monthly resistance zones to see the reaction they cause, then decide if the Bias is still valid.


    For my short term trading - (  M5 / M1 )

    In the meantime, I am selling on the M1 chart just to pick up 5-10 pips per trade.  Its not much but I normally end up collecting 100 pips by the end of the night.  So far I have been selling NZDJPY /  NZDUSD / AUDUSD and Buying EURNZD  / GBPUSD.

    On a good night, I am done my 10pm, but not tonight. I only have 45 pips by 10pm ( started at 6pm ).

    That means a finish now around 1am.

    Here's an example of a few small pips on AU - but they add up.https://hotcopper.com.au/data/attachments/1360/1360175-d969e2c29b286e61fcdde97895f6e98a.jpg
     

 
arrow-down-2 Created with Sketch. arrow-down-2 Created with Sketch.