DislikedThomas Edison said, "Ones greatest weakness lies in giving up. The most certain way to succeed is always to try just one more time." And a fellow named Tom Krause said, "Courage is the discovery that you may not win, and trying when you know you can lose." We have all blown up accounts (I certainly have) but at the end of the day we hear that quiet voice "I will try again tomorrow."Ignored
Think outside the box and ignore all the shit on all websites. For me, the best pairs to trade are GBPJPY, GBPAUD and EURAUD, I studied past price action on most pairs and these 3 came back as the best for my trading style, and because of that I apply the predictable movement from certain areas into my trading and it pays off.
GBPAUD likes to poke just above highs or under lows before bouncing back. GBPAUD also loves quarter numbers...xxx.25 and xxx.75, GBPJPY loves to test absolute highs and lows before reacting, depending on the timeframe you are looking at and the actual candle in question which made the high or low. EURAUD I love because it's so predictable especially at supply & demand areas on the 5minute timeframe, it bounces away on almost every area....what's an area? the candle which a move started and went on to make a new high or low in relation to the price action directly to the left of the current price...if that is the case, if I was going long, a buy limit is put just above the close price if lowest candle is bearish, or the open price or very low of a bullish candle if that made the low...vice versa for sell...a bullish candle made the high? sell limit at the close price or at the very high depending if I was shorting gbpjpy or euraud, a bearish candle made the high?...sell limit at the open price...
Also, where are most retailers most likely to have their stops? these areas or levels are very good entrys with a very low risk to high reward.