reach to close to target.!
meyney,
please share your thoughts in this trade to improve further.

sal wrote: Fri Mar 01, 2024 4:42 pm reach to close to target.!
meyney,
please share your thoughts in this trade to improve further.

Well done! To improve you can add sd zones and trendlines from higher timeframes. watch this 2 top(magenta) on your 30m chart.

same double top magenta sd now on 1M chart M pattern= reversal

Hi Meyney ,and first of all thanks for this thread that I discovered thanks to Sal!

I'm learning to work on larger tfs to take a stand on the m1 and you are a great help.

aligning what happens on higher TFs helps a lot to avoid trend errors but I have a question: where should you look for supports and resistances?

Example: I'm on M1 and I look at M15-m30-h1, where do I look at s/r?

Thank you!

sal wrote: Fri Mar 01, 2024 4:42 pm reach to close to target.!
meyney,
please share your thoughts in this trade to improve further.

Hi Sal!

I hope you're fine!
How did you determine the target on this trade?

lukgoku wrote: Wed Mar 06, 2024 9:13 pm Hi Meyney ,and first of all thanks for this thread that I discovered thanks to Sal!
I'm learning to work on larger tfs to take a stand on the m1 and you are a great help.
aligning what happens on higher TFs helps a lot to avoid trend errors but I have a question: where should you look for supports and resistances?
Example: I'm on M1 and I look at M15-m30-h1, where do I look at s/r?

Thank you!

I prefer SD zones. For me it is not written in stone which timeframes to use, more important is how price moves especially near previous sd zones (touched already?) . For example this EU roughly I draw some trendlines on daily, a few sd zones on 4H and 1H etc. Then switch to lower timeframes; will price zigzag through or bounce at a zone (perhaps also trendline there?).

best M

Gold skyrocketing. Notice the weekly SD zone

and impulse and chop same Gold only longs

Meyney wrote: Wed Mar 06, 2024 10:48 pm I prefer SD zones. For me it is not written in stone which timeframes to use, more important is how price moves especially near previous sd zones (touched already?) . For example this EU roughly I draw some trendlines on daily, a few sd zones on 4H and 1H etc. Then switch to lower timeframes; will price zigzag through or bounce at a zone (perhaps also trendline there?).

best M

what we see is the 4h sd zone is broken (sofar) on lower tf. difficult to enter a long but certainly no short here

looks good!
arrow manually plotted.. and its signal for open trade S/R sure the key