How I see it is a demand reacting off of a demand | Lower low made to confirm | Not a perfect lower low made and not perfect reaction to the sell (I think lowers the win % a little bit however I think good demand on bigger timeframe > lower timeframe structure and reaction)
I think people been wanting to buy Silver for a while now | 3rd touch of the trend line broken! Then quickly went up took a scalp down to this retest on the hour candle for a swing up! (Hopefully)
On the weekly we got a good zone for premium price ( at least that's what I learned that it's called ) | I will enter a scalping position as well ( maybe short SL and TP but we'll see the approach in a second |
Simple scalp of break and retest | putting stop above next demand zone | on higher time frame could also be a break retest to upside | posting from phone first time
Previous support, now resistance | W1 TF is actually where I did the analysis | Could've had a great scalp with that first candle, hope to take more of these
So I have missed the real trade I wanted, however I think this is an opportunity so i took a small trade | Reason for entry, FTB to FTR on the M15 supply level | Taken at area of support/resistance line on larger timeframe
QM pattern | Looking to reject that zone off to the bottom one | Good RR
I entered this after the FO, however FO makes me aim for smaller TP area. | Normally I would enter this right as it hits the demand level (I actually did for scalping position) then have a second position at smaller size for a swing account | In this case I came back to look at trade and candle closes back in zone so it is worth the risk to take imo although I do...
I am selling because I think this is a very good demand zone | I also like (not love) the way it approaches this level | This trade is not much based on market structure so TP could be a little earlier depending on how it reacts to certain zones, that is if it does go in my direction
QM on the H1 happening at the H4 demand zone! | One position for short term and another for long | Money management goes like this, one account for short term trades with only one trade at a time and another for long term set and forget | Also entry was at the M15 zone
Higher high was made past the previous demand zone | Buy at nice MA crosses, probably a Fib level, and QM right shoulder maybe
Putting a sell limit here, because its a nice demand zone! | However, i normally would not take trades like this. why? because there are better entries higher | Another thing I don't like is the momentum to the zone is a bit higher than I would like, but I still like it enough to put a sell limit, otherwise would have been straight sell | If it doesnt reach limit...
I always like taking positions after a nice impulse wave, I don't like the top of the rejection though. If it wasn't for that I'd feel better about taking this trade, but i''ll have a buy limit anyway!
Higher Highs and Higher Lows | 3rd Touch on the Daily | Good area for a retrace at least! | I am more bullish than the current TP area, but that is where i see potential short term retrace | I don't like moves when it's too obvious like this one (big timeframe trendline touch) but if it fits my rules I have to take!
So this is what I mean from my previous trade | EURCAD may go up now because of pattern happening at good area | If EURCAD current trade hits SL, will probably sell around same entry down to this daily/weekly level | If daily/weekly reach will have a buy limit around there placed, some short term and some long term trades | Outlook will be bullish from there to...
Yes, it is time as well! | Same like my EURGBP | Actually I would prefer a buy lower according to the daily, weekly supply levels | Buying for the pattern!
Okay, I really like this trade but I am 50/50 on it as on my MT4 it looks like this but on my Ctrader the trade already happened with a sharp wick. So i don't know if liquidity already is taken out or not. However trades like this I tend to take | Trendline break with lower high and lower low being made |
Woke up to this! Mentioned in my last AUDCAD loss that I will be buying at this level instead of selling | Strong break of zone, to me at least, means previous resistance becomes current support | Downside is buying high and selling low