Don't like to overtrade. But check this out....Using Sierra chart. I'll share another trade Monday. Follow to see them
I use Sierra Chart to identify volume and use pure price action to execute
Applying the same concepts on FX pairs. Find the previous days POC. Watch price action in respect to the POC. React accordingly to what is happening at the POC. The Bullish engulfing candle at our POC was my confirmation. Got in before 9:30am. When the session opens we are already in.
Using Sierra Chart software I identify the POC. If things change in orderflow I will see, But this is my bias. Buys from POC which is the horizontal line. Determining the POC is important because it serves as the Key Level in Trading technical terms. Even if this trade is lost. Just watch how price reacts to the level chosen.
Using my Sierra chart software, I've identified the POC. From the POC I use simple price action to determine where price will most likely go at 9:30 market open. Then, I use Sierra Chart to watch the orderflow in respect to the POC to either confirm or change my bias.
Going long on US30 from POC. Hit last night.
Price is under our vwap right now. But still taking a buy from POC. Waiting for RTH at 9:30 for Orderflow.
Take a look at the Chart. At the open of next week look for selling opportunities to the T!
Hi Friends, So we can look for a pull back on EURUSD to 1.10373 then we are Bullish to TP1 and TP2. As you can see an inverse head and shoulder is starting to form. Be patient and catch approximately 100+ PIPS!
Bitcoin is gaining bullish momentum. Looking at this chart, price has jumped back on the bullish trendline. Not only that, but an inverse head and shoulders is formulating. Now would be a nice time to get in. Who knows if it will break the sky tomorrow? After all, bitcoin is expected to reach 6 figures. Now at 8K.