DislikedHey K
Firstly welcome to the thread
Firstly what worries me is you said non demo account after just learning. It's very important to not be trading live switching to demo as it takes awhile to learn this stuff. This is how we treat it as a business. Please be sure to read closely post 1 from James you will not regret it
As for the two charts you post
Aud/jpy I can't see why you sold. Could you give an explanation. It looks like you sold a new low nothing based on what James is showing.
Usd/cad - VERY tiny pinbar at a very minor swing...Ignored
Hi Mike,
My mistake. I sold EUR/AUD not AUD/JPY, based on a daily DBHLC. I also bought USD/JPY based on a bullish outside bar on the daily. Ok, I know lots of traffic/ sideways market.
I've moved my USD/CAD to BE and just closed my GBP/USD trade for some pips.
I have read the first 40 pages of the thread and am trying to go through the next 7000+ pages as quickly as possible. Could you please explain confluence? Is it a 50%, 61% fib retracement and how do I trade this?
At the moment I am trading off daily candles. My account is small and I'm risking less than 1% per trade.
Thanks.
Ken