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.
Catatan
Getting long now at current price action zone.Catatan
Also to NOTE: We have hit the level various time so you can take MED Risk.Catatan
Further light DCA entries appropriate at labelled Long zone 2Catatan
Mega news day tomorrow, keep watchful eye over long entries 1 and 2.Catatan
.65 Ultimate DCA level with minor PA.Catatan
Still maintaining long positions on early PA Lower TFsCatatan
Out for long gains X2, relongs light .655Catatan
Entered early light longs on re push lower TFs.Catatan
Exit forLongs exists far higher up.
Lock in gains (trailing / ITM)
Catatan
Out for gains on trailing stop, re long nowCatatan
KEY News coming out today. Keep eyes on AUDUSD. Exits come higher.Catatan
Lock in Part gains on the upmove and leave remainder.Catatan
Exit for full gains.Catatan
Minor light shorts enteredCatatan
Exit shorts for gains looking lightly long into Monday.Various gains taken throughout updates!
Catatan
Various resistance levels in the way of direct move to higher tf resistance. For this reason you may either HOLD or have various exits.
Catatan
So now comes managing the further move. Post to come so stay tuned.Catatan
Oh and into Monday close out light shorts from impulse reboundCatatan
Likely any natural market move will take some time via weekly. Only light entries long just taken.Catatan
Market slow due to no sentiment. Await pickup as news moves in to the markets.Catatan
Out of light longs.Catatan
Very light re longs appropriate (with weak PA lower tf noted). Ease in carefullyCatatan
very light due to Harsh downside PA. More reasonable longs come at further PA levels (again see new post that is coming)Catatan
Exit any light longs and stay holding off. Lack of sentiment tomorrow so may rely on THURS market movesCatatan
Watch for any CPI impulse moves. Very very light short entries applicableCatatan
Out of shorts on impulse.Catatan
Longs only lower than PREV low ( no local Pa)Catatan
Very minor impulse via lower tfs. Awaiting lower drips.Catatan
Light dips and light longs appropriate.Catatan
Lock in gains.Catatan
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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Informasi dan publikasi tidak dimaksudkan untuk menjadi, dan bukan merupakan saran keuangan, investasi, perdagangan, atau rekomendasi lainnya yang diberikan atau didukung oleh TradingView. Baca selengkapnya di Persyaratan Penggunaan.
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.
Pernyataan Penyangkalan
Informasi dan publikasi tidak dimaksudkan untuk menjadi, dan bukan merupakan saran keuangan, investasi, perdagangan, atau rekomendasi lainnya yang diberikan atau didukung oleh TradingView. Baca selengkapnya di Persyaratan Penggunaan.