Trading 101

- When price makes a new high, a correction to its previous high presents value.
- When price makes a breakout, a correction to a high closest to the new high presents value.

Setting stops, use atr, when price exegerates past your targetted correction zone, cut out, seek the next entry zone. Patience pays.

regards

old things but sure very useful...

Well aint it just so simple to trade? hehe....

Wondered why people keep doing things the hard way? Its human i guess.

nice post...i am refocusing my forex education to market rythm, candlestick patterns, and resistance/support.

thats it and i am getting alot less confused.