DislikedGood morning, all
Beautiful morning here.
Im just about to step out for the day but thought I leave a post for the readers.
I can clearly see some of the areas I need to brush on before the start of the assignment this weekend.
It sounds most of the traders have the puzzle pieces and the blueprint required and they are trying to make the connection between the pieces but still missing the 'aha' moment.
I will touch on
1. Interpreting price action in a finer detail
2. Why inception method is valuable and how you are trading like the...Ignored
A very illuminating comment; however there are two points from previous posts that I am still trying to resolve, - On Monday you were selling EUR/USD and at one point you noticed a bullish FB or other signal and you bought EUR with a 12 pip stop; your comment at the time related to a potentially large retracement.
Also in an earlier post you suggested closing a trade for a small profit in order to give your primary position a better stop;
Are these two related? (i.e. if the buy on EUR had moved up in anyway would you have sold your last entry short to boost the SL for prior entries and would you repeat this if there was a serious move?)
Also I observed, but missed them myself that there was a double bottom on the hourly for EUR/JPN and EUR/USD, (a few hours after the initial bounce) and several more long opportunities followed. I do not know if you were watching any of the first bounces, but would you have gone long on these or if you missed them be looking to go long on any of the opportunities that followed or would you be waiting for the daily close?
Many thanks
Ray