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Timing the Trade

Athan00, Don't mind at all. Thanks for stopping by. S/D zones are in and work in all timeframes. The longer timeframes definitely take priority. Always be aware of the longer term S/D zones and major fib levels. For example, be careful taking trades ...

Timing the Trade

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Timing the Trade

Eurjpy: Came within two pips of getting filled. Since I was looking at this trade as a scalp and missed my initial entry I will cancel the trade and look for another opportunity.

Timing the Trade

Apfelsaft: If that small zone irritates you then don't pay any attention to it. Price spent a short time at that level before moving higher on higher volume so I consider that a short-term zone to be aware of. Is that a major turning point...no! But ...

Timing the Trade

Audusd:

Timing the Trade

You're right about the demand zone having a prior test. So on the next test one can expect price to move deeper into the zone. But the 76.4% retrace had not been tested before. And when there was a clear rejection off the 76.4% "long-term" fib ...

Timing the Trade

There's a big difference between the two. Most turning points on a chart (if you look back far enough) happen because of a prior supply/demand dynamic or a major fib level. Once price returns to that level, which at that point is no longer a fresh ...

Timing the Trade

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Timing the Trade

Apfelsaft, Like I mentioned in the last post...supply/demand zones are created when there is an imbalance in order flow and as a result, price is quickly driven out of an area usually on higher relative volume. I don't try and anticipate where the ...

Timing the Trade

EinsWaltz: I have been trading Forex for about 15 years...just about when it became legal in the US. As far as post # 96 goes...fibs are not supply/demand zones. They are important in and of themselves (the deeper levels if mapped out on a chart ...

Timing the Trade

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Timing the Trade

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Timing the Trade

EinsWaltz: Yes, post # 84 was a short scalp trade. My entry was 99.16. I took that particular trade because I was confident the pair was heading lower into my target zone on post # 88. I took the trade because it was low-risk with a tight stop. ...

Timing the Trade

EinsWaltz: You're asking a lot of good questions. Learning to properly read volume is something that takes some time. Probably the best way I can answer your questions is to refer you back to the references I suggested you look at in post # 43. Lot ...

Timing the Trade

Usdjpy update from post # 88: Currently up 95 pips and have moved my stop loss to lock in 52 pips.

Timing the Trade

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Timing the Trade

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Timing the Trade