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USDJPY Short entry session levelsMore chances for a bearish continuation, what is confirmed by a recent multi time frame price action research, and important level zones WEBINAR ON THE SUBJECT AT 09:00 GMT : youtube.com/c/marenno Reviewing the most recent PA 1&2 period patterns we have: 1W Bearish Pattern 1M Bearish Pattern Knowing the patterns of a higher time frame is very important. Sometimes they can conflict one to another, but it gives us the information of the possible correctional moves, or a start of a new direction, so basically, every time when conflict exists, you must examine a chart whether it is a correctional pattern appearence or a new direction, shall you close the existing trade or open the new one, does it give you a new oportunity or shall you wait, and also rememver, that when the monthly pattern appeared, it means that it is valid till the current month is closed, as by the price action rules, the pattern is clear only at the close of the candle or a bar. We also have to review the range of the closed period comparing to the previous set of periods, hours, weeks, months, etc... Here, I'm showing you a range compared to 6 and 3 previous periods, NR means Narrow range, WR means wide range, the number displays a total periods reviewed, if the NR is displayed, high possibility of the range expansion, in WR case it can be opposite. at the moment here's the situation: 1H WR4 1H WR7 1D NR4 1M WR4 1M WR7 Also I have decided to share a Levels, that take time to count, and you can use them as a bounce levels in a direction you trade: Option level Higher then the last day Close is R4 108.154 Option level Higher then the last day Close is R3 94.900 Option level Higher then the last day Close is R2 106.352 Option level Higher then the last day Close is R1 105.001 Option level lower then the last day Close is S1 104.320 Option level lower then the last day Close is S2 103.757 Option level lower then the last day Close is S3 102.120 Option level lower then the last day Close is S4 101.067 Session (current session only) r3 106.773 r2 106.284 r1 105.796 p 104.883 s1 104.395 s2 103.482 s3 102.994 I really hope that sharing of my routine with you, will help you in your trading. Also I really hope that in respect to my hard work, you will take time to use the data I share, you will put the levels on a chart, and will apply it to your trading. Sincerely Arturs Jermolickis arthur@marenno.com skype: marenno.business A short - government required disclaimer: I’m not providing any advice, and I do not guarantee any profit. What you see here is only a share of my view of the market.
by Marenno
NZDUSD Support // Resistance levels, Handing it back to TokyoTokyo timezone will start in a bit and we can see the market really respectfully returned price to the Tokyo Support // Resistance Tokyo had actually opened with yesterday. Interestingly, we 'together' hit a very strong 3 Month support level. As I write this, price has just punched through the Tokyo S/R , which means the asian session will most likely be bullish. Seeing that we have already retested the 3 Month support about 2 times now, there will not be a lot of room going down. Good luck trading into the asian session!
by UnknownUnicorn468659
Review of the current EURUSD Asian session and option LevelsReviewing the most recent PA 1-2 period patterns: 4H Bearish Pattern Knowing the patterns of a higher time frame is very important. Sometimes they can conflict one to another, but it gives us the information of the possible correctional moves, or a start of a new direction, so basically, every time when conflict exists, you must examine a chart whether it is a correctional pattern appearence or a new direction, shall you close the existing trade or open the new one, does it give you a new oportunity or shall you wait, and also rememver, that when the monthly pattern appeared, it means that it is valid till the current month is closed, as by the price action rules, the pattern is clear only at the close of the candle or a bar. We also have to review the range of the closed period comparing to the previous set of periods, hours, weeks, months, etc... Here, I'm showing you a range compared to 6 and 3 previous periods, NR means Narrow range, WR means wide range, the number displays a total periods reviewed, if the NR is displayed, high possibility of the range expansion, in WR case it can be opposite. at the moment here's the situation: 1H NR4 1H NR7 4H WR4 4H WR7 Also I have decided to share a Levels, that take time to count, and you can use them as a bounce levels in a direction you trade: Option level Higher then the last month high is 1.14230 Option level Higher then the last week high is 1.14230 Option level Higher then the last day high is 1.13220 Option level lower then the last day low is 1.12410 Option level lower then the last week low is 1.12410 Option level lower then the last month low is 1.11070 Also a session (current session only) pivots: r3 1.13795 r2 1.13364 r1 1.12932 p 1.12693 s1 1.12261 s2 1.12022 s3 1.11590 I really hope that sharing of my routine with you, will help you in your trading. Also I really hope that in respect to my hard work, you will take time to use the data I share, you will put the levels on a chart, and will apply it to your trading. Sincerely Arturs Jermolickis arthur@marenno.com skype: marenno.business A short - government required disclaimer: I’m not providing any advice, and I do not guarantee any profit. What you see here is only a share of my view of the market.
Short
by Marenno
USDJPY Session Pivots, Option Levels, Entry signal More chances for a bullish continuation, what is confirmed by a recent multi time frame price action research, and important level zones Due to that, as I'm not showing here a limit entries for trading (knowiing where to place limit orders wil make your trading at least 30% more profitable, and much less risky), stop entry signals that can be used are: Buy stop: 107.006 Stop Loss: 106.525 1st target: 107.247 Reviewing the most recent PA factors 1H bullish Pattern 1M Bearish Pattern Knowing the patterns of a higher time frame is very important. Sometimes they can conflict one to another, but it gives us the information of the possible correctional moves, or a start of a new direction, so basically, every time when conflict exists, you must examine a chart whether it is a correctional pattern appearence or a new direction, shall you close the existing trade or open the new one, does it give you a new oportunity or shall you wait, and also rememver, that when the monthly pattern appeared, it means that it is valid till the current month is closed, as by the price action rules, the pattern is clear only at the close of the candle or a bar. We also have to review the range of the closed period comparing to the previous set of periods, hours, weeks, months, etc... Here, I'm showing you a range compared to 6 and 3 previous periods, NR means Narrow range, WR means wide range, the number displays a total periods reviewed, if the NR is displayed, high possibility of the range expansion, in WR case it can be opposite. at the moment here's the situation: 4H WR4 4H WR7 1D NR4 1D NR7 Also I have decided to share a Levels, that take time to count, and you can use them as a bounce levels in a direction you trade: Option level Higher then the last month high is 111.111 Option level Higher then the last week high is 107.924 Option level Higher then the last day high is 107.474 Option level lower then the last day low is 106.383 Option level lower then the last week low is 106.124 Option level lower then the last month low is 106.124 Also a session (current session only) pivots: r3 107.809 r2 107.513 r1 107.218 p 106.886 s1 106.591 s2 106.259 s3 105.964 I really hope that sharing of my routine with you, will help you in your trading. Also I really hope that in respect to my hard work, you will take time to use the data I share, you will put the levels on a chart, and will apply it to your trading. Sincerely Arturs Jermolickis arthur@marenno.com skype: marenno.business
Long
by Marenno
2
HOW TO TRADE A SESSION START?What to expect before Major Session kicks in (Session start) This is probably the most common type of trading - "Start session breakout" But, as you can see, what also is very common - whipsaws are so common, and due to lack of money management, the beginning of the session can be very disturbing, and it also can be the end of trading for a current day or even end of trading career for some. It all happens because of over expectation and lack of understanding of what to expect. Ok so 3 major things to know before the session opens, (I would consider GB and US opening and European closure) Where the price is relatively to levels. Are there any news coming out within 1 - 1,5 hours What is a trend direction? Normally when big markets are opening, it gives the impulse to price movements. The exception is when the news are coming out right after the market opening, in this case the volume will flood the market during or after the news. So nothing special will happen with the market. Breakout entry - is something what traders are mostly interested in, as the easiest approAch that can give some good returns, but if the price is in a tight range, here's what traders must know: in 90% of situations, thee most volume will be on the opposite side of the breakout, meaning that stops on the opposite side will be triggered first, before the price will break towards the original direction. The price position in a relation to trend will help to deicide the direction of the set up. Always think from both sides, and remember, that if You had a bn to trade with, you would never buy when the price is high, and sell when the price is low!. Dedicated to your better mornings!!!
by Marenno
3
Session Trading StrategyThis strategy involves using the trading sessions of all the markets. I created this because the NY and London sessions are more volatile and you then make more losses when making the wrong call. Here are the steps to this strategy. 1. Find an indicator to show the trading sessions. 2. Trades on this strategy must be opened between 30min to an hour before close of NY session. 3. Draw a line from the London open price to the NY closing price, this will give us the trend we will use. 4. Open your trade in the direction of the trend, so if you have an uptrend between the London and NY session you will open a long and if it is a down trend you will open a short. Trades must be closed at end of Asian session or left at own risk. 5. I do not use a stop loss on this yet, I use small limits taking 100pips of XAU/USD and 10pips on AUD/NZD, the only reason I take only small profit is that I am sleeping during these hours and found that when taking these pips that I have a 100% win so far. Increasing your $ per pip will increase profit. 6. This strategy is not recommended to be used on start of week and end of week. 7. If you trade live during these hours it is possible to make more pips. Also I will test this on other currencies later. Please feel free to leave comments or ask questions.
FX:XAUUSD
by Withaai
3