DislikedHello All Im new to this thread and have reviewed it with interest. Its good to know that what makes it all tick is the common denominators PA and psychology... Jenks thanks for giving me an opportunity to improve. The attached UJ chart is my first trade. After setting a support level (the 3 candles thingy) at 105.446 I made an entry and came out on the M1 MA level and made about 7 pips. Next time will show my entry position.....beginners luck I guess. {image}Ignored
If you look at your chart, although its ranging, the short trade in the middle was good value.I know that strictly, the MA had crossed but looking to the left there was obvious resistance that, at least for now, wasn't going to be broken, and there was easily 15 pips down to any sort of support.
In any case, theres nothing wrong with banking 7 pips and waiting for another opportunity.
Good luck and keep at it
Where price is now, it has been before, and will be again.