DislikedOne more question, the following signals are also considered first or second? {image}Ignored
a rule of thumb that works well for me:
- If you have a fast correction after a strong move, look for touch trades.
Strong move = steep MAs; fast correction: the manual says two candles in the respective timeframe to reach the 10EMA, slightly longer for 35 / 50. You'll develop a feel for it, read Sesamstrae's posts about the simulator. 35 / 50 especially powerful if you have a candle closing dead on the MA
This one is a great example how to place such a trade: http://www.forexfactory.com/showthre...86#post7473686 - Slow correction (taking many candles, like the ones in your pic: Look for constrainment trades
Like here, 35 / 50 constrainment, blue and purple lines: http://www.forexfactory.com/showthre...85#post7465785
In general: The more confluence (MAs, round numbers, pivot points, major Fibs etc.) the better and the more likely your trade is going to work out.
Over time you'll also develop a feeling for the different currencies, like how much space is required for the touches to work. Read the manual several times, you'll discover something new every time, depending on the knowledge / experience you gained in the meantime.
Also, I would try to focus on one trade type in the beginning, honing and perfect it. You can get impressive results from touch or constrainment trades alone. When you have mastered one type of trade, add more tools to your belt.
The most important thing: Learn when not to trade. This is the key to profitability, and one of the hardest things to master. The examples you showed were not high probability trades. Wait till the chances are clearly in your favor, even if you miss some profitable trades.
Hope this help!
TG