EURNZD M5
Make sure you are READING THE CANDLES in EVERY SINGLE TRADE you place - you can't just let your trade run to support and hope for the best. Your goal this year is to CLOSE/TAKE PROFIT each trade BEFORE your Stop Loss kicks in. When you can do that you will accelerate your PROFIT curve.
So, on EURNZD, look at "1" - do you SEE the long tail? Do you know what that is telling you?
Look at "2" - do you SEE what that candle is? Do you know what that is telling you?
Look at "3" - do you SEE that long tail below support? Do you know what that is telling you?
Now look at "X" - Do you know what that is telling you?
Now look at "4" - Do you know what that is telling you?
Learn to READ THE CANDLES and then SEE BEYOND THE CANDLES
{quote} I was selling on EURNZD, I was too hasty on the second trade and in hindsight it may have been a "revenge" trade after it took my original stop out on trade one. I wasn't emotional or thought about it that way at the time though but maybe the little people had a poke at me.... Your lines... so we are looking the angle of the shadow now pointing in the wrong direction of my trade with a fast momentum of the 20 heading up but the 72 almost flat lining with no momentum. It's either going to change direction or more likely go into a range, hence...
So, on EURNZD, look at "1" - do you SEE the long tail? Do you know what that is telling you?
Look at "2" - do you SEE what that candle is? Do you know what that is telling you?
Look at "3" - do you SEE that long tail below support? Do you know what that is telling you?
Now look at "X" - Do you know what that is telling you?
Now look at "4" - Do you know what that is telling you?
Learn to READ THE CANDLES and then SEE BEYOND THE CANDLES
15 YEARS OF PASR ON FOREX FACTORY!
