Forex Trading, Photography

And Other Thoughts

23/11/2020
GBPUSD Trade 23 Nov 2020

I originally planned to not place any trades this week because Thanksgiving is going to be on this Friday. Folks will be on leave, and volume will drop in the markets, leading to increased volatility. However, a perfect trade setup turned up that made it hard to resist. Observations Price had moved above a previous […]

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17/11/2020
NZDJPY Trade 17 Nov 2020

Trend Reversal In this NZDJPY H4 chart, we see that strong selling volume has occurred in the down wave to (a) after the high, compared to the very last up-waves to the high (227 and 138 volume). After the down move (a), there was a pullback up to (b). If we add up all the […]

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17/11/2020
GBPUSD Analysis 17 Nov 2020

I started my analysis by looking at the GBPUSD M30 chart. GBPUSD M30 Notice that price was unable to go above the general level as shown in the chart, with selling coming in each time to bring prices down slightly. There was no strong buying or strong selling though. I do note, however, that the […]

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16/11/2020
Weis Wave Trades Stopped Out and Re-entry

I have been using VSA for a while and have recently learnt about the Weis Wave and Tim Ord's Ord Wave. Tim Ord's book is very useful as he gives a numerical gauge (50%) rather than "less than" or "more than". So here're 2 trades I entered on GBPUSD, one after another. First I used […]

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12/11/2020
Where to Take Profit

I'm a day trader and don't want to hold onto trades for too long. Some people say if you take profit too early, you are leaving money on the table. That's true, but what if price reverses? As the saying goes, "a bird in the hand is worth two in the bush". Example My trading […]

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