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- Anotan replied Apr 16, 2024
Anyone take the EU short today? Same setup as yesterday on UCad except we saw a lack of interest to the upside as price tried to rally above yesterday's mid point. This is a smaller position that I normally trade, Daily is still in a down trend with ...
- Anotan replied Apr 15, 2024
UCad, Daily still making HHs and HLs. There was a little bit of a drop off in volume Friday, but when price bounced of Friday's midpoint buyers showed their hand. Still 6 hours left in the day, but today could potential close as a inside test which ...
- Anotan replied Apr 12, 2024
Yeah it's annoying when people say background but don't define it, like they expect everyone to have the same skill set and experience. Or they get off of some ego trip with making people guess. A big part of the markets is that price doesn't ...
- Anotan replied Apr 12, 2024
IMHO don't limit yourself to just one setup. If you took your car to a mechanic and all they had in their toolbox was a hammer, you would turn around and GTFO. Trading is the sameway, if all you have is a hammer then everything looks like a nail. In ...
- Anotan commented Apr 12, 2024
I knew six axis robots taking over crop harvesting on a lot of farms was a lie from big robotics, they just spreading misinformation to sell more robot toy tractors. Let's not even mention the car assembly robot lies used to sell more rc cars.. ...
- Anotan replied Apr 12, 2024
UCad long yesterday was stopped out, went back in on a no supply into the mid point of that high volume bar. I entered the trade just a few seconds before the bar closed, it was the end of day for me and I was ready to sleep. But following the ...
- Anotan replied Apr 11, 2024
I wouldn't consider it. On your last chart, 3 bars prior to bar 1.. That bar is bit higher in volume than the previous bar and quite a bit narrower and that bar wasn't worth noticing. I just look for sudden surge or decrease in volume into fresh new ...
- Anotan replied Apr 11, 2024
Relative volume is a hard lesson to learn for most people (me included). It's not about the highest or lowest volume on the chart. It's when there is a sudden surge of volume or a sudden withdrawal of volume. Professionals just can't hide those ...
- Anotan replied Apr 11, 2024
This definitely isn't a perfect rule.. but its something I like to keep in my tool box is when you see a big markup on news like NFP/CPI/Interest rates then the next day trade in the same direction as the markup. If big money is marking up price on ...
- Anotan replied Apr 11, 2024
Bar 1 shouldn't be seen as strength. Look at the previous bar, it's an up thrust so bar 1 is price reacting to the up thrust. Also 3 bars to the left of bar 1 is a bit of strength with a 2 bar rally which means bar 1 could also be absorption with ...
- Anotan replied Apr 2, 2024
Double check your math and think it through.
- Anotan replied Mar 11, 2024
tell your inside man the market took the day off to adjust to the time shift.
- Anotan replied Mar 8, 2024
This is good in theory, but in practice I doubt many would follow the recommendation on SL exits. Most will still add at those SL levels because they're trading like a "bank". Click on any TE on the Trades tab and you'll ...
- Anotan replied Mar 7, 2024
Im not a big trend line guy, I think they're very situational in Forex. AU slipped below the mid point of the trend channel, it could be losing steam. Plan is to close when it pops back up to the mid point. image Edit: I'm flat, NFP in 3h. image
- Anotan replied Mar 7, 2024
No Supply back into an area of previous supply. Was nervous there for a a little bit as it looked like price wasn't going to break that M15 ND high.
- Anotan replied Mar 7, 2024
Quick little Short on AJ. I'll do a partial and see if the rest of the trade will continue to run, but protect your trade when price reaches an area of previous demand. Areas of Supply/Demand aren't always perfect. Price isn't always going to ...
- Anotan replied Mar 6, 2024
Today's ADP non farm gave a nice little bump in price. Today I slept in and missed a really nice EURAUD short that occurred during Asia. EURAUD is more or less the inverse of AUDUSD, so because EA has been dropping off a proper setup only buys on ...
- Anotan replied Mar 6, 2024
Its funny you asked this because its something I just recently dealt with. The short answer is: Get away from using a fixed RR. I'm not really sure how you trade so if you're a background trader then look to the last 2-3 days for VSA supply/demand ...
- Anotan replied Feb 16, 2024
AU short... I came soo close to closing this chart and calling it a week because the PA looked like it was ignoring the weakness. I really was just watching a movie and casually just glancing back at the market. 1. Initial Sign of Weakness - ...
- Anotan replied Jan 25, 2024
A lot of BE trades this week, and all on AJ. Monday / Tuesday I was short on AJ and yesterday was a long. Today finally paid off though, 60 pip TP was my 2:1RR target, but with how fast price dropped I removed my TP and see if this trade can ride ...