My entry on demo was a bit late, but you can spot how good the entry would be earlier.Focus on the psych levels and do not hurry in the trade. Let the market build the picture first. Trading is waiting!
this thread is amazing. i absorbed the whole of the content posted here and i gotta say this is as clos to the grail as it gets. im 6+ years trading and ive never performed like this. i applied a swing trade style using monthly fib pivots. i like the objectivity of it. no moving average crosses or all that. i may use stoch as a filter only after a confirmation candle setup. they say forex is a herd mentality thing. well trading like this puts you in the herd of the winners.
Price moved away from daily open (white line) to reach in the near the pivot. We got a nice entry withhin momentum. I love to trade with momentum.
The get a clue have the picture in mind. Say you are sprint and people hold on the track some big paper infront of you. You have good speed but at the time you rush trough it, for a shoert time speed decrease, but you move further as you want target the finish. So what are the price is making. It has targets and have people with holding papaer walls.