DislikedMy Final trading outcome for today explained in charts:
H1 Chart:
Attachment
Account History/Trade log:
Closed Transactions:
Attachment
Account Summary:
Attachment
Trade #1 at BE and trade #2 at SL.Ignored
Please join me and pass on our gratitude to VEEFX as he has placed alot of efforts in the last 2 days.
Please allow me to explain why it didnt work out today.
It is important to take higher timeframe hindsight. Sure there are times big trends happen first on lower timeframe however it is the higher timeframe that sets the size of the profiting ground.
Our profiting grounds needs to be large enough for us to play ball effectively.
If the higher timeframe says UP however lower timeframe says DOWN most often the DOWN movement of the lower timeframe will just be the retrace of the higher timeframe.
eurnzd 4hr
http://img375.imageshack.us/img375/5306/aa1d.png