How to trady my FREE Intraday FX levels
Updated
Hello Guys and Community!
I wanna show you how to trade my FX level which I give you every day for FREE.
Every day I publish my intraday analyzes and key daily, weekly levels based on the MarketProfile method.
For the indicator that shows you my levels directly in your chart, write me in a comment.
Now I'll show you how I trade Long/Short levels and how you can trade them with me.
First of all, when I have the level ready, I have to set a Stoploss.
Stoploss is determined by several criteria. First of all, it must not be too far away and also it must not be in an area that serves as a magnet such as POC, Key Levels or a stoploss zone, where the market will run out of liquidity.
In this case, I have a long level at 1.1105 and I set Stoploss to 1.1092. I was wondering where to set that Stoploss. According to the technical analysis, I should put SL on Pivot Low - the nearest Pivot Low is at the price of 1,1084, which in my opinion is already far away. I looked at VolumeProfile and tried to find a logical zone where I could set Stoploss. I simply looked at the Volume Zone and POC you can see on the Graph and I set Stoploss for this Volume Zone. If the market overcomes this zone, it will most likely continue lower.
For the second Long level, determining Stoploss was easier. We have a Pivot Low far away, but the Low Volume Node looks pretty good to see on the Volume Profile. Exactly there is my stoploss for the next Long Level.
Summary:
Stoploss determined by.
1. Pivot High / Low
2. Logical zone according to VolumeProfile
3. Low Volume Node and Profile
4. Outside of key levels
I will explain how and where I take TakeProfit in the Comments or in the Update of this Idea with a new screen.
I wanna show you how to trade my FX level which I give you every day for FREE.
Every day I publish my intraday analyzes and key daily, weekly levels based on the MarketProfile method.
For the indicator that shows you my levels directly in your chart, write me in a comment.
Now I'll show you how I trade Long/Short levels and how you can trade them with me.
First of all, when I have the level ready, I have to set a Stoploss.
Stoploss is determined by several criteria. First of all, it must not be too far away and also it must not be in an area that serves as a magnet such as POC, Key Levels or a stoploss zone, where the market will run out of liquidity.
In this case, I have a long level at 1.1105 and I set Stoploss to 1.1092. I was wondering where to set that Stoploss. According to the technical analysis, I should put SL on Pivot Low - the nearest Pivot Low is at the price of 1,1084, which in my opinion is already far away. I looked at VolumeProfile and tried to find a logical zone where I could set Stoploss. I simply looked at the Volume Zone and POC you can see on the Graph and I set Stoploss for this Volume Zone. If the market overcomes this zone, it will most likely continue lower.
For the second Long level, determining Stoploss was easier. We have a Pivot Low far away, but the Low Volume Node looks pretty good to see on the Volume Profile. Exactly there is my stoploss for the next Long Level.
Summary:
Stoploss determined by.
1. Pivot High / Low
2. Logical zone according to VolumeProfile
3. Low Volume Node and Profile
4. Outside of key levels
I will explain how and where I take TakeProfit in the Comments or in the Update of this Idea with a new screen.
Comment
Now I will show you How I Set Up Profit Targets.In the chart you can see really strong Pivot Low, There was my First Profit Target. Then I moved SL on Pivot Low . My Second Profit Target is on iniciative move where is also StarGap Formation and the Last Profit is on Daily Point of Control Point.
I do it every trade. I look for the first barier which can stop my positive move and there is my Profit Target, then I am Trailing and setting Targets to Logical Zones.
Comment
First Long Level+11 pips
Comment
Stoploss for AUD.From descriptions you should understand why
Comment
GBPUSD Stoplosses for long levels
Comment
EURUSD second and third target reached.
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.