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.
הערה
Getting long now at current price action zone.הערה
Also to NOTE: We have hit the level various time so you can take MED Risk.הערה
Further light DCA entries appropriate at labelled Long zone 2הערה
Mega news day tomorrow, keep watchful eye over long entries 1 and 2.הערה
.65 Ultimate DCA level with minor PA.הערה
Still maintaining long positions on early PA Lower TFsהערה
Out for long gains X2, relongs light .655הערה
Entered early light longs on re push lower TFs.הערה
Exit forLongs exists far higher up.
Lock in gains (trailing / ITM)
הערה
Out for gains on trailing stop, re long nowהערה
KEY News coming out today. Keep eyes on AUDUSD. Exits come higher.הערה
Lock in Part gains on the upmove and leave remainder.הערה
Exit for full gains.הערה
Minor light shorts enteredהערה
Exit shorts for gains looking lightly long into Monday.Various gains taken throughout updates!
הערה
Various resistance levels in the way of direct move to higher tf resistance. For this reason you may either HOLD or have various exits.
הערה
So now comes managing the further move. Post to come so stay tuned.הערה
Oh and into Monday close out light shorts from impulse reboundהערה
Likely any natural market move will take some time via weekly. Only light entries long just taken.הערה
Market slow due to no sentiment. Await pickup as news moves in to the markets.הערה
Out of light longs.הערה
Very light re longs appropriate (with weak PA lower tf noted). Ease in carefullyהערה
very light due to Harsh downside PA. More reasonable longs come at further PA levels (again see new post that is coming)הערה
Exit any light longs and stay holding off. Lack of sentiment tomorrow so may rely on THURS market movesהערה
Watch for any CPI impulse moves. Very very light short entries applicableהערה
Out of shorts on impulse.הערה
Longs only lower than PREV low ( no local Pa)הערה
Very minor impulse via lower tfs. Awaiting lower drips.הערה
Light dips and light longs appropriate.הערה
Lock in gains.הערה
Maintaining long bias.
Free Pro Multi Asset Trading Guide:
bit.ly/learnttm
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Posts Not financial advice.
bit.ly/learnttm
Free Discord Secret Server:
discord.gg/tXAcxFVCJU
Posts Not financial advice.
כתב ויתור
המידע והפרסומים אינם אמורים להיות, ואינם מהווים, עצות פיננסיות, השקעות, מסחר או סוגים אחרים של עצות או המלצות שסופקו או מאושרים על ידי TradingView. קרא עוד בתנאים וההגבלות.
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.
כתב ויתור
המידע והפרסומים אינם אמורים להיות, ואינם מהווים, עצות פיננסיות, השקעות, מסחר או סוגים אחרים של עצות או המלצות שסופקו או מאושרים על ידי TradingView. קרא עוד בתנאים וההגבלות.