Dale
Thank you, all clear now....Where is showing most of the changing hands of the previous day before the wagon left confirmed by Price Action in a sort of Supply and Demand. Intersesting.
One question for entry: Do you set limit orders or you just mark the levels monitoring the chart and enter with additional price action at your levels?
Trader Dale
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Exactly. You got it mate!
I don't set limits. Always sit and watch and then enter with market order. I don't wait for any price action confirmation.
Sometimes the market turns lets say 1-3 pips before the level and makes significant reaction. If this happens I consider the level tested and don't enter it again.
NVP
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I’ve never been convinced about the concept of using volume on forex.....other markets that present a decent ringfenced market with more reliable volume information feel more appropriate to me ....
How’s it going using this approach ?
N
Trader Dale
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Hello,
what I do is that I do my analysis on futures and then transfer the levels into forex. This is the most precise way.
Still, if you use a big broker their data is actually pretty reliable when compared to futures data. It is surprising but I have been comparing these two for years and it is very similar.
