AUDUSD; My Price Action Secret For A Higher Hit Rate

٢ أغسطس ٢٠٢٣

Hey Traders,

The current trading setup we find ourselves at on the AUDUSD is one which displays many characteristics of a proper and professional trading plan.

You can see various times we have hit this levels and traders have formed a long bias. You can see therefore clearly that this area is preferred as a price to buy within the last 5 months.

This is what price action is all about; Seeing what has happened before and making a judgement for it on this basis.

You can repeat this if you DCA (Dollar Cost Average) further down on a price fall to key price action areas (long term longs).

Do this and you will find your hit rate rises.

Ask Qs below.

٢ أغسطس ٢٠٢٣

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Getting long now at current price action zone.

٢ أغسطس ٢٠٢٣

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Also to NOTE: We have hit the level various time so you can take MED Risk.

٢ أغسطس ٢٠٢٣

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Further light DCA entries appropriate at labelled Long zone 2

٢ أغسطس ٢٠٢٣

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Mega news day tomorrow, keep watchful eye over long entries 1 and 2.

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.65 Ultimate DCA level with minor PA.

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Still maintaining long positions on early PA Lower TFs

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Out for long gains X2, relongs light .655

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Entered early light longs on re push lower TFs.

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Exit for
Longs exists far higher up.
Lock in gains (trailing / ITM)

٤ أغسطس ٢٠٢٣

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Out for gains on trailing stop, re long now

٤ أغسطس ٢٠٢٣

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KEY News coming out today. Keep eyes on AUDUSD. Exits come higher.

٤ أغسطس ٢٠٢٣

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Lock in Part gains on the upmove and leave remainder.

٤ أغسطس ٢٠٢٣

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Exit for full gains.

٤ أغسطس ٢٠٢٣

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Minor light shorts entered

٤ أغسطس ٢٠٢٣

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Exit shorts for gains looking lightly long into Monday.

Various gains taken throughout updates!

٥ أغسطس ٢٠٢٣

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Various resistance levels in the way of direct move to higher tf resistance.

For this reason you may either HOLD or have various exits.

٦ أغسطس ٢٠٢٣

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So now comes managing the further move. Post to come so stay tuned.

٦ أغسطس ٢٠٢٣

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Oh and into Monday close out light shorts from impulse rebound

٧ أغسطس ٢٠٢٣

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Likely any natural market move will take some time via weekly. Only light entries long just taken.

٧ أغسطس ٢٠٢٣

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Market slow due to no sentiment. Await pickup as news moves in to the markets.

٧ أغسطس ٢٠٢٣

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Out of light longs.

٨ أغسطس ٢٠٢٣

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Very light re longs appropriate (with weak PA lower tf noted). Ease in carefully

٨ أغسطس ٢٠٢٣

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very light due to Harsh downside PA. More reasonable longs come at further PA levels (again see new post that is coming)

٨ أغسطس ٢٠٢٣

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Exit any light longs and stay holding off. Lack of sentiment tomorrow so may rely on THURS market moves

١٠ أغسطس ٢٠٢٣

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Watch for any CPI impulse moves. Very very light short entries applicable

١١ أغسطس ٢٠٢٣

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Out of shorts on impulse.

١٢ أغسطس ٢٠٢٣

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Longs only lower than PREV low ( no local Pa)

١٣ أغسطس ٢٠٢٣

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Very minor impulse via lower tfs. Awaiting lower drips.

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Light dips and light longs appropriate.

١٤ أغسطس ٢٠٢٣

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Lock in gains.

١٦ أغسطس ٢٠٢٣

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Maintaining long bias.