Midknight - This is for you.
Price action lesson #1
Learning when not to trade.
At the moment eur/usd is at the moment of 'dont trade'
http://img708.imageshack.us/img708/2117/aa1p.png
Can you see why and when I might have taken the buy positions of today?
Taking tight entries across multiple pairs is very hard, unless you know 'when to trade.'
I use alerts when a price reaches certain area that I know will have a better probability of profitability for myself.
Do you know when to trade?
Please answer for me.
Asian session too slow? I assure you, that is a wrong myth. I take trades any session when I know it is time to trade. And that can happen on any session including asian.
Why take both long and short?
You will see why. But it is also because I dont know which direction eur/usd is heading for this week. Do you? Or does anyone?
Please do not take of the above in a serious tone. Im trying to explain something to you.
Look forward to your answers, Midknight.
Sincerely,
Graeme
Price action lesson #1
Learning when not to trade.
At the moment eur/usd is at the moment of 'dont trade'
http://img708.imageshack.us/img708/2117/aa1p.png
Can you see why and when I might have taken the buy positions of today?
Taking tight entries across multiple pairs is very hard, unless you know 'when to trade.'
I use alerts when a price reaches certain area that I know will have a better probability of profitability for myself.
Do you know when to trade?
Please answer for me.
Asian session too slow? I assure you, that is a wrong myth. I take trades any session when I know it is time to trade. And that can happen on any session including asian.
Why take both long and short?
You will see why. But it is also because I dont know which direction eur/usd is heading for this week. Do you? Or does anyone?
Please do not take of the above in a serious tone. Im trying to explain something to you.
Look forward to your answers, Midknight.
Sincerely,
Graeme