DislikedAll newbies.. Please memorize this.. This will keep you away from lots of bad trades in the future..
4hr trend is bearish.. This upward movement is just 4hr and daily 5sma retracement. People seem to be still confused how to spot retracemnt and a trend. when the pair is on a trending rally and suddenly come to a unbreakable support or resistance it retraces back to 4hr or daily to collect more fire power and retest that support. Most often .. on the second attempt it breaks the support or resistance. it's simple as that. unlesss you understand this very simple theory.. you never can make consistent money on forex.Ignored
- Post #16,781
- Quote
- Aug 28, 2007 9:22am Aug 28, 2007 9:22am
- | Joined Dec 2006 | Status: Member | 118 Posts
- Post #16,782
- Quote
- Aug 28, 2007 9:24am Aug 28, 2007 9:24am
- Joined Feb 2007 | Status: Trade @ your own risk | 6,628 Posts
- Post #16,784
- Quote
- Aug 28, 2007 9:27am Aug 28, 2007 9:27am
- | Joined Dec 2006 | Status: Member | 118 Posts
- Post #16,787
- Quote
- Aug 28, 2007 9:29am Aug 28, 2007 9:29am
- Joined Dec 2006 | Status: Backtest is meaningless (to me) | 2,176 Posts
- Post #16,788
- Quote
- Aug 28, 2007 9:30am Aug 28, 2007 9:30am
- Joined Nov 2006 | Status: Member | 3,112 Posts
- Post #16,791
- Quote
- Aug 28, 2007 9:32am Aug 28, 2007 9:32am
- | Joined Aug 2007 | Status: One Happy Turkish Trader | 489 Posts
give me my pips back...
- Post #16,792
- Quote
- Aug 28, 2007 9:32am Aug 28, 2007 9:32am
- Joined Nov 2006 | Status: Member | 3,112 Posts
- Post #16,793
- Quote
- Aug 28, 2007 9:33am Aug 28, 2007 9:33am
- Joined Nov 2006 | Status: Member | 3,112 Posts
- Post #16,794
- Quote
- Aug 28, 2007 9:34am Aug 28, 2007 9:34am
- | Joined Aug 2007 | Status: One Happy Turkish Trader | 489 Posts
give me my pips back...
- Post #16,795
- Quote
- Aug 28, 2007 9:35am Aug 28, 2007 9:35am
- Joined Feb 2007 | Status: Trade @ your own risk | 6,628 Posts
- Post #16,796
- Quote
- Aug 28, 2007 9:36am Aug 28, 2007 9:36am
- | Joined Aug 2007 | Status: One Happy Turkish Trader | 489 Posts
give me my pips back...
- Post #16,797
- Quote
- Aug 28, 2007 9:36am Aug 28, 2007 9:36am
- Joined Feb 2007 | Status: Trade @ your own risk | 6,628 Posts
- Post #16,798
- Quote
- Aug 28, 2007 9:37am Aug 28, 2007 9:37am
- Joined Aug 2007 | Status: Senior Member | 1,798 Posts
To Live is the rarest thing in the world , Most people exist , that is all
- Post #16,799
- Quote
- Aug 28, 2007 9:37am Aug 28, 2007 9:37am
- Joined Feb 2007 | Status: Trade @ your own risk | 6,628 Posts
- Post #16,800
- Quote
- Aug 28, 2007 9:38am Aug 28, 2007 9:38am
- | Joined Aug 2007 | Status: One Happy Turkish Trader | 489 Posts
give me my pips back...