When price breaks above, buy limit When price breaks below, sell limit
Go for 30 pips Do NOT be greedy Once it's in the blue, it's on YOU You can not go broke taking profit
30 pip and dip Get the bag and run Do NOT be greedy You can not go broke taking profit
We see a gap on the Sunday open near previous areas of support and resistance. We should see a reaction from the buyers to fill the gap but do not be surprised if we see a liquidity grab to the downside before buyers take control.
Go for 30 pips Do NOT be greedy Get the bag and run You can not go broke taking profit
When CMP forms above or below, enter on the retest! Outside line is the aggressive entry, the inside line of the zone in the conservative entry! 0.01 lot size for every $100-$150 30 pip SL, 30 pip TP
So far the long term downtrend is being respected. This is the 4th retest of the trend so I am waiting for more bullish momentum and volume so we can then trade the retest when it comes back to support thereafter. Also, AUD is much stronger right now due to NFP.
Monday System plus a Swing Low/Swing High strategy I learned from IM Academy!
StopLoss is the fib level opposite of broken support and resistance level! TakeProfit is on the side in which price broke toward. With volume, go for 30 pips (volume depends on the time of day). Wait for the market to show you what it wants to do, then let it do it's thing while you ride the rollercoaster.
Using the 25% points of Monday, I was able to find great points of support and resistance that allowed me to take entries off of a break of structure and a simple retest of that area. It happened 4 times on Tuesday alone!
I love how simple it can be...
The harmonic pattern that was formed in December helped me identify where I could place a solid pitchfork set up! Price has been respecting this pitchfork seamlessly all month!
Wait for price to break above or below, close and retest! buy above, sell below
Wait for price to break and close above or below! Wait for retest and TAKE THAT TRADE! Below = sell Above = buy
Wait for current market price to break and close either above or below. Wait for the retest and TAKE THAT TRADE!
We boxed up consolidation with a supply zone and a demand zone (support and resistance). We will wait for CMP to break above or below. Once that happens on the HOUR CHART, WAIT for the retest and TAKE THAT TRADE! BE PATIENT.
CMP (Current Market Price) is within the zone of the swing high and the zone of the swing low. Be patient and wait for price to break, close, retest and take that trade!