Thread: Interactive Trading Setups Disscussion

very well done emene.

First trade of the day. Crude in upper band, US dollar index (USDX) at demand, crude hitting supply, good for a quick short ! As for the exit, harmonics can be great too. I pay a lot of attention to 5-0 patterns, so as soon as it printed, i bailed for 30 pips. Good enough for breakfast.



EDIT : the entry, i will explain another day. Technical stuff.

good job emene on WTI. its one of the pairs i love to trade as well.

As I said previously, when volume kicks in (New York has just opened), you can trade the bands but on higher TF.

Here is a gold trade that gave 72 pips in a few minutes. Short at top the h1 band and supply confluence.



EDIT : 126 pips after writing the post

OK, very interesting thing. The best of all indicators is the Dollar Index. Never forget it.

Now, look this H1 usdx chart.

Lower band, demand area, and BOOOOOM, perfect ABCD in the zone. What happens ? Everything turns in the market. Looks at gold, dax, eu. You must be quick, but you guys have an advantage on the other traders. You could see the ABCD in demand + lower band

And this is why i entered my last gold trade I just posted.

Update 220 pips in 10 minutes. I wish i caught dax .......

Originally Posted by emene

as i said previously, when volume kicks in (new york has just opened), you can trade the bands but on higher tf.

Here is a gold trade that gave 72 pips in a few minutes. Short at top the h1 band and supply confluence.



edit : 126 pips after writing the post

At the end it was closed at 310 pips. Went more down a few minutes later, managed to catch the bottom and 100 more pips.

Not sure if this has been answered on the other post, Archie. I don't have any exact stats for you but the 5.0 at the 50% is a high probability bounce so you definitely want to be taking profits there and looking for the reversal. The move back to the 50% Is normally easily a 3 to 1 RR trade.