AUDUSD; My Price Action Secret For A Higher Hit Rate

2 Ağu 2023

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.

2 Ağu 2023

Not

Getting long now at current price action zone.

2 Ağu 2023

Not

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

2 Ağu 2023

Not

Further light DCA entries appropriate at labelled Long zone 2

2 Ağu 2023

Not

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

3 Ağu 2023

Not

.65 Ultimate DCA level with minor PA.

3 Ağu 2023

Not

Still maintaining long positions on early PA Lower TFs

3 Ağu 2023

Not

Out for long gains X2, relongs light .655

3 Ağu 2023

Not

Entered early light longs on re push lower TFs.

3 Ağu 2023

Not

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

4 Ağu 2023

Not

Out for gains on trailing stop, re long now

4 Ağu 2023

Not

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

4 Ağu 2023

Not

Lock in Part gains on the upmove and leave remainder.

4 Ağu 2023

Not

Exit for full gains.

4 Ağu 2023

Not

Minor light shorts entered

4 Ağu 2023

Not

Exit shorts for gains looking lightly long into Monday.

Various gains taken throughout updates!

5 Ağu 2023

Not

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

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

6 Ağu 2023

Not

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

6 Ağu 2023

Not

Oh and into Monday close out light shorts from impulse rebound

7 Ağu 2023

Not

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

7 Ağu 2023

Not

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

7 Ağu 2023

Not

Out of light longs.

8 Ağu 2023

Not

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

8 Ağu 2023

Not

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

8 Ağu 2023

Not

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

10 Ağu 2023

Not

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

11 Ağu 2023

Not

Out of shorts on impulse.

12 Ağu 2023

Not

Longs only lower than PREV low ( no local Pa)

13 Ağu 2023

Not

Very minor impulse via lower tfs. Awaiting lower drips.

14 Ağu 2023

Not

Light dips and light longs appropriate.

14 Ağu 2023

Not

Lock in gains.

16 Ağu 2023

Not

Maintaining long bias.