Disliked{quote} Hi maverick, I only trade the majors (tho I do watch GJ in conjunction with UJ) The market repeats on ALL timeframes, the fractal nature of it. I watch the Weekly, Hourly, 15m & 5m. But trade only from the 1m chart. The swings will get retested. Look at any chart. As a trader though, it comes down to where will YOU enter. Each finds their own way in FX. Use all information found and THEN don't follow others - your 'own' found way will provide the greatest benefit for YOU, in the long run imho. The attached 1HR chart has a move high-low of...Ignored
QuoteDislikedThe swings will get retested
Why does the price retest these levels?
^^This has been bothering me from day one.
Can we determine where/which level will the market go to first? If this can be done then do you know how to find these level? I have a theory about this based on the strength of the previous/historic move.
Thanks for the advice.
P.S - I trade the NIFTY50 options. Cannot trade the major FX pairs in India.
A trade should be based on an assumption based on facts