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- swayam1069 replied Aug 31, 2021
Hey Engineer, Would this be considered a correct setup for EURJPY?
- swayam1069 replied Jun 8, 2021
I use ICMarkets with Commission based spread. You can try that if you'd like. Great analysis on EA. You had a great entry at the S61 FIB if you took it.
- swayam1069 replied Jun 8, 2021
Hey gf, there is a strong support at that level and it is near the .500 level. The Confluence you can look at is: 1) RSI Divergence on 1H/4H 2) Round Number 3) 4H Support 4) Wicks and previous reactions to that level. There is RSI divergence on 1H ...
- swayam1069 replied Jun 8, 2021
I had planned this EURAUD Short based on these confluences on the 4H: 1) Weekly Pivot 2) Support Turned Resistance 3) 0.5 FIB Retracement 4) 157.500 level Lets see if it hits TP or SL.
- swayam1069 replied Jun 8, 2021
Hey potay, i dont think people usually do that. They just let it run. I personally havent had any issues with the overnight spread as its only for few hours and if you have a good broker the spreads wont go too crazy.
- swayam1069 replied Jun 8, 2021
I learned how to read COT data from this video. He has a amazing explanation on how to read the COT data and how its important to look at the average of past data and compare it with the current data to understand what the non-commercials are doing. ...
- swayam1069 replied Jun 8, 2021
Hey M, i agree, the major resistance hasnt bene broken yet and the 4H chart which i use to trade is still not promising however, I am not looking for short at the moment. the COT Report does show more downside but i believe retracement are needed as ...
- swayam1069 replied Jun 7, 2021
Hey M, I have a opposite view to your USDCAD. I see the weekly slowing and and printed a green candle which tells me that we are extended and now looking to make a retracement atleast to the 0.382 level. on the Daily we now have a resistance turned ...
- swayam1069 replied Jun 6, 2021
Hey Milan, thanks for the chart, I definetly agree with you. the 1.08 has a much stronger confluence level for a better setup. That trade closed on a loss, but it was alright. I am also looking at 1.08 as my next short setup. Thanks for the chart. I ...
- swayam1069 replied Jun 6, 2021
Hey Potay, even I wasnt a big fan of Fib's but when i see shahab use it in confluence trading, it adds more confidence in my trading as it builds more confluence levels to watch. in the example of EA, I am hoping to get weekly touch the resistance ...
- swayam1069 replied Jun 5, 2021
Here was my trade from Friday on EURAUD. Confluence: 1) Round Number 2) Daily Resistance 3) Possible sell based on Monthly Retracement as explained in previous post. I am going to close 2/3 on Monday and let the rest run to 1.56500 as my target.
- swayam1069 replied Jun 5, 2021
Thank you. I see your analysis looks very good too. I dont trade the 1H chart much so your levels are very different from mine, but we adapt as market moves. if the 1.57500 level breaks, I will definetly lookout for the 157800 level for a sell.
- swayam1069 replied Jun 5, 2021
Hey Potay and meugampong, Hope you are well. Here is my analysis on EA. Seeing the Monthly it has retraced 0.318 on the Monthly impulse Fib. so that gave me a confirmation that the monthly retracement may be completed. I took the trade on Friday on ...
- swayam1069 replied Jun 4, 2021
hey meugampong, I have a question, please if you have time to answer. How do you manage your trades when you your Stop is at BE. Do you take Partial TP's and let the rest run? I read that Shahab suggest to close 2/3 at 50 pips and let the rest run. ...
- swayam1069 replied Jun 4, 2021
You are the real sir here, I am just a newbie learning from you guys. thank you so much for sharing your knowledge. I have a lot more confidence in trading round numbers(.500 , .000) with confluence but the .400, .800 is more uncomfortable in ...
- swayam1069 replied Jun 4, 2021
Thanks meugampong, i did not thing about the monthly Fib. thanks for pointing that out. I have my short running with BE so will definetly keep the 143 level in mind for longs if i get stopped out.
- swayam1069 replied Jun 4, 2021
Here was another trade I had planned for today for GBPNZD. It has a strong daily reference near round number and there was divergence on the Daily suggesting a lower price. The confluences I looked for: 1) Round Number 2) Divergence on Daily 3) ...
- swayam1069 replied Jun 4, 2021
Hey Thanks. 1 thing i learned from Shahab is to both look for counter trend and trend based trades so I definetly try to trade both ways. I take lower risk on the counter trend trades and a full risk on a trend trade. Here is my GBPUSD sell. I ...
- swayam1069 replied Jun 4, 2021
Here is GBPUSD taken based on: 1) Round Number 2) Support Level with multiple wicks previously Target: Looking to complete the W formation on the Daily for a potential sell. I am happy for any critics on my analysis
- swayam1069 replied Jun 4, 2021
Hey Congrats on the Thread, I have been following Shahab's method and learning. Confluence trading is definetly helping me with the confidence to take the trade. Here is AUDNZD I am looking at currently. Confluence: 1) Support Turned Resistance 2) ...