Interactive Trading Setups Disscussion
One2One pattern in a clear demand area. Stop below the One2One. Classic trade.
Last edited by emene; 12-06-2011 at 12:38 PM.
History repeats itself. The two previous trades were awesome. The two first One2One actually appear in very clear demand areas, so well that it seems that the One2One IS the demand area. You can shoot with no fear.
This one is less sure because we have just reached higher time frame supply and it needs to consume it if it wants to go north further.
Last edited by emene; 12-06-2011 at 12:34 PM.
hi emene. can you explain to me, how you make a decision the entry. whether you using others timeframe as confirmation.thank yoy.sorry english not my native langguage.
Yes, to be honest, and this is my own way to do it, I go down to m5 and m1 as I like to catch tops and bottoms. With EP I dont use m1. But I do for all other instruments as I am very used to it.
Price action will tell you what the price is about to do in the zone. If it reacts, you will see it >>>>> engulfing, pin, whatever reversal pattern.
But if you dont like it, enter when you feel it's good to enter ! The best IMHO is to scale in, it means that instead of doing 1 full standard lot in one time, you go 3 x 0.3 lots for example. And if you placed only 0.3 lot because the price reversed early, so be it ! Profit is profit !
Be safe out there.
Here is a crude trade. Butterfly on m1 in a demand zone materialized by the range of a previous engulfing on m5. In the demand zone, an engulfing printed. It was good enough to enter the trade.
wow, on m1 i cant' undersand a thing yet XD
A swissy set-up. Good for a few pips, maybe more.
Not written but also clearly seeable on the chart : price in the bottom band.
Last edited by emene; 12-07-2011 at 07:59 PM.
never let anyone tell you M1 is too messy. Nothing is random, nothing. I use often M1 for crude, dax and gold because it moves very fast and it is basically the same as trading m5 on other instruments. And I mostly scalp around 20-50 pips per trade so i can take the first move, close it, and take the retest of the zone.
Originally Posted by kidrock82