AUDUSD; My Price Action Secret For A Higher Hit Rate
Hey Traders,
The current trading setup we find ourselves at on the AUDUSD is one which displays many characteristics of a proper and professional trading plan.
You can see various times we have hit this levels and traders have formed a long bias. You can see therefore clearly that this area is preferred as a price to buy within the last 5 months.
This is what price action is all about; Seeing what has happened before and making a judgement for it on this basis.
You can repeat this if you DCA (Dollar Cost Average) further down on a price fall to key price action areas (long term longs).
Do this and you will find your hit rate rises.
Ask Qs below.
The current trading setup we find ourselves at on the AUDUSD is one which displays many characteristics of a proper and professional trading plan.
You can see various times we have hit this levels and traders have formed a long bias. You can see therefore clearly that this area is preferred as a price to buy within the last 5 months.
This is what price action is all about; Seeing what has happened before and making a judgement for it on this basis.
You can repeat this if you DCA (Dollar Cost Average) further down on a price fall to key price action areas (long term longs).
Do this and you will find your hit rate rises.
Ask Qs below.
Nota
Getting long now at current price action zone.Nota
Also to NOTE: We have hit the level various time so you can take MED Risk.Nota
Further light DCA entries appropriate at labelled Long zone 2Nota
Mega news day tomorrow, keep watchful eye over long entries 1 and 2.Nota
.65 Ultimate DCA level with minor PA.Nota
Still maintaining long positions on early PA Lower TFsNota
Out for long gains X2, relongs light .655Nota
Entered early light longs on re push lower TFs.Nota
Exit forLongs exists far higher up.
Lock in gains (trailing / ITM)
Nota
Out for gains on trailing stop, re long nowNota
KEY News coming out today. Keep eyes on AUDUSD. Exits come higher.Nota
Lock in Part gains on the upmove and leave remainder.Nota
Exit for full gains.Nota
Minor light shorts enteredNota
Exit shorts for gains looking lightly long into Monday.Various gains taken throughout updates!
Nota
Various resistance levels in the way of direct move to higher tf resistance. For this reason you may either HOLD or have various exits.
Nota
So now comes managing the further move. Post to come so stay tuned.Nota
Oh and into Monday close out light shorts from impulse reboundNota
Likely any natural market move will take some time via weekly. Only light entries long just taken.Nota
Market slow due to no sentiment. Await pickup as news moves in to the markets.Nota
Out of light longs.Nota
Very light re longs appropriate (with weak PA lower tf noted). Ease in carefullyNota
very light due to Harsh downside PA. More reasonable longs come at further PA levels (again see new post that is coming)Nota
Exit any light longs and stay holding off. Lack of sentiment tomorrow so may rely on THURS market movesNota
Watch for any CPI impulse moves. Very very light short entries applicableNota
Out of shorts on impulse.Nota
Longs only lower than PREV low ( no local Pa)Nota
Very minor impulse via lower tfs. Awaiting lower drips.Nota
Light dips and light longs appropriate.Nota
Lock in gains.Nota
Maintaining long bias.
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Posts Not financial advice.
bit.ly/learnttm
Free Discord Secret Server:
discord.gg/tXAcxFVCJU
Posts Not financial advice.
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Le informazioni ed i contenuti pubblicati non costituiscono in alcun modo una sollecitazione ad investire o ad operare nei mercati finanziari. Non sono inoltre fornite o supportate da TradingView. Maggiori dettagli nelle Condizioni d'uso.
Free Pro Multi Asset Trading Guide:
bit.ly/learnttm
Free Discord Secret Server:
discord.gg/tXAcxFVCJU
Posts Not financial advice.
bit.ly/learnttm
Free Discord Secret Server:
discord.gg/tXAcxFVCJU
Posts Not financial advice.
Declinazione di responsabilità
Le informazioni ed i contenuti pubblicati non costituiscono in alcun modo una sollecitazione ad investire o ad operare nei mercati finanziari. Non sono inoltre fornite o supportate da TradingView. Maggiori dettagli nelle Condizioni d'uso.