EURUSD Club - Get Your Trend Right

Note : This is a Get yr Trend Right thread ..Meaning the direction price might be moving towards........ Entries should be done through own assessment/analysis.

leesi feel free to create a new thread and share yr prefered ideas there ........

i prefer taking position where i expect a price turn with tight SL .......... if it works out in my favor , then i get a great entry .......... main aim is to keep losses minimum & avoid a drawdown at all cost possible ............. thats the general principle that works well for me .....................

....those looking for 7 pips TP with 3 days of drawdown should rethink what they want from trading ............. doesn't work ....... understand it now & early ..........else would keep going towards a statistically negative outcome destination........

......... the most important principle to me for any trader can/to grasp is , trade on a pullback .......... if yr system can get you there ........ you are in business.....
...... the greatest enemy to understand this is yr own emotions ......... a machine can do it , but a human has a learning curve to it ........... it's steeper for many & most unfortunately................ but it's possible ................

Okay, lets get back to business then. We pulled back to the same are as last night. So we might see a bounce again.

..... for now its sell on a pull back...........pull back has to be significant ........
..... the other bit to look for is when a significant pull back happens ..... you have to look for pivots......from PA .... that gives clues to price reversing on a pullback ....rather than continuing ...... that is the real skill................ don't expect anyone to teach you that.............

.... one has to decide which TF one wants to trade .....as a pull back on one , is a trend continuation on another ..........
.... try pairing 2 TF together for effective strategy ...affects TP/SL............. 1min with 5 min or 5min with 15 min & so on............

I added 2116 and holding..
Take care..

......in my last few posts ........ there is more sequestered learning material than one will ever learn from any website........ only if i knew it at the beginning of trading ............but in fairness........... it's not possible to learn.............. theory is only realized until after practical ................ just like reading about driving a car vs actual driving ...........

...goodluck...

....... as we can see ....... sell on pullback would have worked....... though these would have been small pullbacks.........

........now..... a setup for taking position may be developing ..........work yr entries around these 2 probabilities ........
..... either this will be a retracement / pullback for continuation or price is going to pivot and go up ...........
.... so focus on what PA does if it refused to continue.......... focus on learning over that area ....... as these are trend/move generators............
.......... there is magic in what has been mentioned above......... million dollar worth pointer............ even if they appear to be in parables.......
..... yes it could mean a little loss ( be realistic) but great reward.........

Add on: noone knows what a price will do ......hence read PA & take a position & must be on a PULLBACK...... with minimal SL as possible ............thats all one can do .......... become a probability to a probability..............

...........

........... no more lessons ........ from here on .............everything that needs knowing now has been said .......... swim or sink..........take it or leave it............
........... if still don't get it then get a personal tutor/ join a well reputable international level course before continuing with trading .............. end of transmission.....

.... now that the price is fairly stretched out .......... a pull back is due .............

...counter trend ... extreme stretch fib trade ..........don't try this at home ...... not recommended....but works for me............

H1 trend is down............

price entring into take position zone................on a downward H1 price expansion.......

........consider sell probability with super tight SL................use yr confirmation............if SL hit , let it be ....... no problem............