This is my understanding of the Australian dollar, not sure if there are any mistakes. Today I went long on the Australian dollar at the Asian open, but I think my choice was wrong as I tend to favor reversal trades. I will strive to correct this. ...

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EA Following the strategy, both the 1-hour and 30-minute charts show rejection at the resistance level. The blue line represents yesterday's closing price. Achieving a 7.5R reward is quite impressive.I hope I can continuously improve the system.If I ...

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Hello, Teacher Islandfx911. I'm sorry to disturb you so late. I just found a great setup during backtesting on EU at the London open, which has a 7.5R reward. Regarding the entry points: 1. Is this an effective rejection signal? Although its lower ...

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Thank you, Teacher ITB! I will carry out the execution.

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Today, I observed UJ and tried shorting, but got the direction wrong. I saw a rejection signal, and also looked at EA but didn't trade it. It's really a pity.

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I don't know what to do anymore. I find that the directions I've been trading are all wrong, which is a huge blow to my psychology. I can't figure out what happened this morning – the US Dollar Index surged unexpectedly.

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Do you also choose to trade during the Tokyo opening?

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The market is unpredictable, and the upward trend of AU has further expanded. When observing AU's opening in Tokyo, the 1-hour candle closed above the monthly-level line, while the Frankfurt opening closed above the weekly support line. Therefore, I ...

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The short-term trend for USD/JPY is bearish (leaning toward decline), but there is obvious support below at 143-142. Yes, since the overall trend is bearish, it's safer to trade with the trend and go short.

1M Scalping 2B2B

The monthly, weekly, and daily timeframes all closed with bullish (green) candles, while the 4-hour timeframe closed with a bearish (red) candle.

1M Scalping 2B2B

Thank you！

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Hello everyone and happy weekend! I wonder what your biases towards UJ are. The intraday close showed signs of rejection, but other timeframes remain bullish. I plan to go long on a pullback to the support area on the H4 chart! Send my regards to ...

1M Scalping 2B2B

Hello, Teacher Islandfx911201! Coincidentally, I analyzed EA yesterday. Combining Teacher ITB's QM, I have a bullish bias on EA and conducted some analysis. I will look for opportunities to go long at the Asian session opening next week. (The blue ...

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How did it turn out？

100k Prop Firm Challenge

Thank you, Teacher Islandfx911! I will keep going!

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Both UJ and AJ performed pretty well today. I tried going long when the Asian session opened, but I took profit too early, which is a pity.

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Isn't this within the dead zone range?

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Today, both UJ and AU made an attempt to place a trade during the Asian trading session. For UJ, the position was directly stopped out. I'm a bit confused about why it suddenly surged, but it fell back later, which shows my judgment was correct. For ...

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Thank you, Teacher Inthebox! I have read your explanation many times and have clearly grasped it. Thank you very much! I will follow the steps above to operate!

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I would like to ask Teacher Islandfx911 a question. At this current level of the Australian Dollar, should I look for resistance zones with more overlapping areas? The time frame is during the Asian session opening, and the higher time frame (HTF) ...

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