Remember folks, volume is the foot print of the institution. If you don't trade with volume, you should. I won't lecture you... but as a futures trader I can attest Level 2 data and T&S are invaluable, and this is the closest alternative we have in spot FX ;)
I'll be waiting for price to retest before I buy. I don't like to take those late entry retail trades into structure. I'll be watching the price action if/when it reaches that zone and await one of my favorite candle signals to get long.
For any Fib traders, notice I have added a .705 to my chart, this is the center point of .786 and .618, I've had some very good luck grabbing trades right at that mark in the past.
I typically do my trend analysis on the Daily chart and will drop to the hourly if I see a market I am interested in trading.
I'll be waiting for price to retest before I buy. I don't like to take those late entry retail trades into structure. I'll be watching the price action if/when it reaches that zone and await one of my favorite candle signals to get long.
For any Fib traders, notice I have added a .705 to my chart, this is the center point of .786 and .618, I've had some very good luck grabbing trades right at that mark in the past.
I typically do my trend analysis on the Daily chart and will drop to the hourly if I see a market I am interested in trading.
