UJ 30m TF
breakout range between 104 and 103.75.
I'll be observing if that will pan out as anticipated but will probably likely be on the sidelines till tomorrow. No trading for me now... just observations once I have the time.
UJ 30m TF
breakout range between 104 and 103.75.
I'll be observing if that will pan out as anticipated but will probably likely be on the sidelines till tomorrow. No trading for me now... just observations once I have the time.
The supertrend was flat for 5 days. Technically, it willl move, so I expect price to break off in one direction and operate.
Hi-Sandeens2,Originally Posted by ;
please gradually read post 3 4 on page 1 of the thread. You may understand it by observing price action during EU and NY sessions. It comes with practise.
You need to comprehend the consolidation zone and watch out for a break out from it... either on 15m or 30m TF.
regards.
Also viewing EG
which way will they violate?
Carney (BOE) gov speaks afterwards now and market is waiting for a response in pound.
Now it appears we've got a break out and a cause.Originally Posted by ;
4hrs also in agreement.
The idea is
1. Loe a compression zone as soon as the LWMA in 15m/ 30m/ 60m TF have come together
2. Look at ADX if its near 12 or less
3. Mark instant range for the price and await a break out from the range.
4. Enter the trade in the direction of break out.
Review these pairs and see if you may have seen the breakouts.Originally Posted by ;
Due to the truth I have achieved my target for the month, I'd reduced my lot size substantially in today's commerce in keeping low trades following months goal is met.
BOE Gov speech in 45mins will send down it or a complete reversal. Take what you can... possibly at around number of 1.2100