IT is not a matter of picking when to enter and when to exit. It is a matter of knowing where the imbalance occur. Where most likely heavy loads of orderflow showing on the price chart. AS I mention before in my previous blog, they cannot hide this , it will reflect on the chart. It is a matter of your eye being trained when to take it.
Today at the time of writing, I am currently shorting the EURUSD base on a short term trade only. SO my time frame was on the m15. Obviously I can see clearly the opening of London, they were shorting EURO. See attached chart below.
Can you see that how it is planned. STOPLOSS and Take Profit. Merely a 1:2 RR only I am doing for short term. Risking 13 pips for a 26 pip reward. Why I took it early ? because there is room for it to go down as I don’t see any significant demand below.
I apologize for the chart, since I am working on a different computer and it does not have any of my trading platform on it. But I enter my trade via my Mobile phone. I will add the actual trade chart later once I access my computer at home. But see chart below. IT went through and reach my target!
Ain’t that obvious. I knew it was going to happen that way anyway. BUt again from time to time. Price move from the point of imbalance away from it. A strong rejection means a strong imbalance and a large volume. Trade like a bank, and definitely you are on the right side of the market all the time. Trade like a novice trader, then I am sorry tosay, I will jsut keep on taking your free money of your account. simple as that!
As Promised, below Traded chart.