Bear trap, huh!!
A bear with curly horns maybe.
A bear with curly horns maybe.
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Dislikedit really looks like a trap.
guys buy up to 1.2445 then sells progressively to dumb players. Hence the slow come back to current level...
Reminds me of market manipulation in 1920's.... Guys used to group to prop up the market, waiting for a relay from the ordinary people, then selling progressively as they come, exiting, and waiting for the guys to be exhausted = market fall.Ignored
DislikedSo how you can determine weakness-loosing momentum and reverse in price direction then?
It is funny how people underestimate candles, what else is there?Ignored
DislikedI agree Candles, when read correctly, are a great tool
But there are so many other charts that can work just as well, if not better.
Bar charts, Renko, 3 line break, Point and Figure to name a few..
But as with any tool, its weakness is always with the user.Ignored
Dislikedshort @ 1.2413
sl @ 1.2442 (will change it to BE +3)
tp @ 1.2287Ignored
DislikedSecond uptrend system (green lines) develops, showing continued upward momentum...
Attachment
...strengthens notion that completed Elliot impulse just seen is wave 1 of much larger wave leading to 2700+ - also consistent with break and continuation of large head and shoulders pattern.Ignored
Dislikedi wonder, did u start FX trading with small account or bigger one?
i heard of people here starting as low as 150 USD but i dont see the point. If you want make it snowballing, it takes you so long....
Just out of curiosity.Ignored