Hello Guys and Community!
I wanna show you how to trade my FX level which I give you every day for FREE.
Every day I publish my intraday analyzes and key daily, weekly levels based on the MarketProfile method.
For the indicator that shows you my levels directly in your chart, write me in a comment.
Now I'll show you how I trade Long/Short levels and how you can trade them with me.
First of all, when I have the level ready, I have to set a Stoploss.
Stoploss is determined by several criteria. First of all, it must not be too far away and also it must not be in an area that serves as a magnet such as POC, Key Levels or a stoploss zone, where the market will run out of liquidity.
In this case, I have a long level at 1.1105 and I set Stoploss to 1.1092. I was wondering where to set that Stoploss. According to the technical analysis, I should put SL on Pivot Low - the nearest Pivot Low is at the price of 1,1084, which in my opinion is already far away. I looked at VolumeProfile and tried to find a logical zone where I could set Stoploss. I simply looked at the Volume Zone and POC you can see on the Graph and I set Stoploss for this Volume Zone. If the market overcomes this zone, it will most likely continue lower.
For the second Long level, determining Stoploss was easier. We have a Pivot Low far away, but the Low Volume Node looks pretty good to see on the Volume Profile. Exactly there is my stoploss for the next Long Level.
Summary:
Stoploss determined by.
1. Pivot High / Low
2. Logical zone according to VolumeProfile
3. Low Volume Node and Profile
4. Outside of key levels
I will explain how and where I take TakeProfit in the Comments or in the Update of this Idea with a new screen.
I wanna show you how to trade my FX level which I give you every day for FREE.
Every day I publish my intraday analyzes and key daily, weekly levels based on the MarketProfile method.
For the indicator that shows you my levels directly in your chart, write me in a comment.
Now I'll show you how I trade Long/Short levels and how you can trade them with me.
First of all, when I have the level ready, I have to set a Stoploss.
Stoploss is determined by several criteria. First of all, it must not be too far away and also it must not be in an area that serves as a magnet such as POC, Key Levels or a stoploss zone, where the market will run out of liquidity.
In this case, I have a long level at 1.1105 and I set Stoploss to 1.1092. I was wondering where to set that Stoploss. According to the technical analysis, I should put SL on Pivot Low - the nearest Pivot Low is at the price of 1,1084, which in my opinion is already far away. I looked at VolumeProfile and tried to find a logical zone where I could set Stoploss. I simply looked at the Volume Zone and POC you can see on the Graph and I set Stoploss for this Volume Zone. If the market overcomes this zone, it will most likely continue lower.
For the second Long level, determining Stoploss was easier. We have a Pivot Low far away, but the Low Volume Node looks pretty good to see on the Volume Profile. Exactly there is my stoploss for the next Long Level.
Summary:
Stoploss determined by.
1. Pivot High / Low
2. Logical zone according to VolumeProfile
3. Low Volume Node and Profile
4. Outside of key levels
I will explain how and where I take TakeProfit in the Comments or in the Update of this Idea with a new screen.
Comment:
First Long Level
+11 pips
+11 pips
Comment:
Stoploss for AUD.
From descriptions you should understand why
From descriptions you should understand why
Comment:
GBPUSD
Stoplosses for long levels
Stoplosses for long levels
Comment:
EURUSD second and third target reached.
In the chart you can see really strong Pivot Low, There was my First Profit Target. Then I moved SL on Pivot Low . My Second Profit Target is on iniciative move where is also StarGap Formation and the Last Profit is on Daily Point of Control Point.
I do it every trade. I look for the first barier which can stop my positive move and there is my Profit Target, then I am Trailing and setting Targets to Logical Zones.