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1/25
back to trading finally.Doing home renovations.
1) short gbpjpy at wr2/vwap sd3.5min sell candle gets me in, sl just above.Initially, i put my target at sd-1 for the destination trade.Then i thought maybe vwap/mr2 would be better, and thats fine.I took a long here on an "ok" 5min buy candle.Got stopped.The only thing i will say, is the 30 min is a solid engulfing candle, so from that perspective, the long was a bad idea.It hit my last short target at sd-1.I will log this for the f
uture
1/26
5 trades today.
1 missed trade wasnt here
GBPUSD 2 scales off, waiting for last target,stop just above be
Im trying to get a feel for price action around the pivots.
Up and down.I havent been consistent trading yet because of home remodel .Next week should be a little better.Im basically looking for buy/sell candles if price gets beyond a pivot.Honestly, im not sure if this will work in the long run.Atleast im live...so tired of sim.What i would really like is to have 1 setup that i take.I m hoping over time ill see something, and when you are back maybe we can talk about it.Have a great weekend, Bob
Always time to talk. After market hours in usually free to do more things.
One thing you can try if going to a larger timeframe. Mark the pivots that are in strong support and resistance zones. You can pay more attention to those when they come into view on your lower timeframe.
Also false breakouts make strong signals in those zones. For example a new high or corrective structure breaksout. Then fails when a close happens below the prior high.
Failures often are the best moves.
Just brainstorming. Hoping to trigger ideas that make sense to you and your trading mindset.
i used to draw zones in the past.I need to decide what i want my aproach to be.The important thing is that i keep it simple, and then just wait for the setup