Aud Usd Forex Live Price Action Trade 5 Minute Timeframe - Zone Trader 24th Nov | Forex
Information | Currency | Markets | Fx | Video | Assets | Lesson | Trading
www.decisivetrading.info In this live price action day trade I explain how important it is to wait for your setup. Trading can be frustrating and at times you have to play a waiting game. I take a sell position from key resistance and talk you through the live trade.
Comments
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how did u find your area of support n resistance for your interest trades?
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Why not have taken the short after the pinbar formed at the highs?
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I have two questions:
1. Do you always wait for a retraction to test a support/resistance zone before entering a position? I don’t know if I said it correctly. It’s where you plan to enter a setup that looks good, but you wait for one pullback as a test before entering.
2. Sometimes I see a strong green candle trend, but I’m late that it’s already started so I stay out of the market. But later, after the trend ends, I tell myself I could have still entered the trend late and made a profit on it, but not as much. I tell myself perhaps I can enter trends late if I get in on the first half of the trend and exit at the top. For example on your chart today. Even though you didn’t enter at the bottom of the first large upward trend, you still could have entered a few green candles late into the trend and still made a nice profit. So I guess I’m asking can you enter trends late (but still in the early stages) and make a profit. Or, is the rule to never enter a trend that has already started? -
how come you don't swing trade?
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agree with your view on having patience while not being in trade that went in your direction