Like stealing candy from a baby lol image

Fibonacci Trading with Bobokus

Just won my audusd image easy money

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My audusd short is finnally moving image

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EURUSD Perfect example of why you whant to know when your walking into demand in the daily....like I said before you always whant to buy when price goes down and sell when price goes up.... image

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The next level above should find more orders of sellers since it should a bitt of time to arrive to that price and at least be nearer franky open....what happends at this time is sometimes you will have to scale into a trade simply because of ...

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You see they are pushing price up past supply areas at a preety early time ....theirs less limit orders placed at that resistance due to the fact its to early to place one ....thats why you want to trade when the volume is high so orders are placed ...

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Guys pay attention to the eurjpy.....

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nope I go in with one order 98 percent of the time lol.....I sell when price goes up at supply I buy when price comes down to demand...

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Your buying to a market thats going up ....investors will sell all their postions to the retail they win and it falls.....never buy when the market is going up your buying at an extreme not at a bargain...look for supply area as an exit

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yep I am targettting about the 6700 area

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This is my only current trade in the audusd... small position image

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AUDUSD — Here is my currency short in the audusd ...its a bitt early so it has a small postion image

Fibonacci Trading with Bobokus

If you guys use limit orders it might be a bitt risky...if you guys use certain price action requirments then its a different thing...if you guys draw a box when price enters supply it might be a different thing...depending on your aproach on this ...

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That is correct but not he did not go in depth in the example (he is 50 times better then me lol he has been my personal mentor for a while now lol).... you have to know that everytimeframe has its own rythem and depending what time you get the ...

Fibonacci Trading with Bobokus

You see no matter what system you trade the market is the market and it moves during high volume times and not around what we whant.....simply trade when the odds of winning are more on your side...this is something very hard to do when someone is ...

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Eastern time...its also a bitt to early to get in the market my friend .....I would stay a bitt away if whanting to throw a limit order....

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Scalp

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ok my bad bud lol....good decesion then...time is still bitt early though but has better odds

Fibonacci Trading with Bobokus

What time of the day is it ? and 95 percent of the retail traders will try a breakout at this time....always try and do the oppositte of price.....if it goes up you whant to sell if it goes down you whant to buy never do the same thing as price

Fibonacci Trading with Bobokus

Alright guys take it easy I am going to sleep peace

james16 Chart Thread