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    • Winston Reed replied Sep 8, 2011

      supply and demand zones 15M audusd chart — First red arrow pointing down shows a strong bearish candle exiting an area of congestion. This identified this as an area of supply. You look for strong moves out of an area of congestion to identify ...

      Price is everything
    • Winston Reed replied Sep 8, 2011

      Hello MozarTT The area you went long is an area where there was demand on 2 or 3 previous occasions so I think demand may be exhausted in that area. But the driving force on e/u right now is supply. Just look at the overall trend by pulling back to ...

      Price is everything
    • Winston Reed replied Apr 10, 2011

      Hello nomask. Wondering what your thoughts are on the US FIFO regulations. If you enter a second trade on the same pair the first trade must be closed before the second (first in first out rule). If you were approaching the next triple 000 level and ...

      Trading Major Lines
    • Winston Reed replied Mar 28, 2011

      OK not to be labor but I really want to get this right. If you are biased short and price has travelled from one major line and is now down to the next major line and it closes below on the weekly then do you still need to wait for a retrace on the ...

      Trading Major Lines
    • Winston Reed replied Mar 27, 2011

      No mask, let's say that on a hypothetical pair we have been biased short. Price action has successfully moved down to the next major line. There it pierces but on weekly closes above that line. Would you now be biased long?

      Trading Major Lines
    • Winston Reed replied Mar 27, 2011

      I'll take a crack pure price since I follow g/u too. As long as weekly chart is above 1.6000 we would still be looking for longs. However as I write this price action is testing the 1.6000. We need to wait for a 4 hour candle close. If closes below ...

      Trading Major Lines
    • Winston Reed replied Mar 9, 2011

      I was doing backtesting for practice. I notice sometimes when you put a fib on 4 hour candle then drill down to 5 minute chart that price action will move beyond the fib causing one to enter only to have it retrace and stop you out. It seems better ...

      Trading Major Lines
    • Winston Reed replied Mar 7, 2011

      Nomask, when would you consider shorting eurusd? Weekly close below 1.4000 or would you consider entries with 4 hour bearish candle closes. I closed a position for 200 pip gain Sunday because of price action at 1.4000. I only had one position open ...

      Trading Major Lines
    • Winston Reed replied Feb 22, 2011

      Great thread nomask. I'm subscribed. Your method saved me a pant load on GBP/USD. There was a nice bullish 4 hour candle close so I drilled down to 5 minute for entry. Price plummeted and kept me out of the trade.

      Trading Major Lines