Not too bad this morning, EJ was dropping off nice pips.
Here is a good reason to always draw trendlines, draw lots of them. I believe they are a key factor in your trading success.
An example from today:
Strong break of 4hr trendline (going back weeks), great probability that it will head further north for a while (be aware of retests, as you can see on the 2nd chart, the fat white line (which is the 4hr t/l again) got retested several times, before it was accepted as a strong support line.
Switch to your THV chart and look for long entires. I marked out a few on the 2nd chart.
Every trade that I marked out was worth about 10-15 pips...
Here is a good reason to always draw trendlines, draw lots of them. I believe they are a key factor in your trading success.
An example from today:
Strong break of 4hr trendline (going back weeks), great probability that it will head further north for a while (be aware of retests, as you can see on the 2nd chart, the fat white line (which is the 4hr t/l again) got retested several times, before it was accepted as a strong support line.
Switch to your THV chart and look for long entires. I marked out a few on the 2nd chart.
Every trade that I marked out was worth about 10-15 pips...
Trading Makes Money!