EURNZD M30 – Trade analysis

2015-10-06 21_29_53-EURNZD,M30

  1. Background is weak – it is ok for short trades.
  2. There is no weak signal before the entry – it is a mistake to enter the market if you do not have confirmation from strong/weak signals. These signals show you the status of imbalance between supply and demand.
  3. Dynamic trend turned from green to red – it is o’k. If other part of a short setup is in order, you should look for up-bars with low volume (no demand). No demand means that the traders who matters (smart money) are not interested in higher prices. In this case – why should we?
  4. When you see a strong signal in the chart (Major Demand, Demand or two Minor Demands), it is time to close your short trade, because there is a big chance that the price will change its direction.

Always remember that it is very important to make a good entry. But it is no less important to timely exit the market.

1 comment

December 20, 2015 at 2:59 pm

Church writing to me, a little child ‘ I feel a sort of responsibility about living up to some of the ideals.

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