{quote} {quote} When trading there is no way for sure that any analysis is correct but it must be done in order for us to trade properly. On the chart you can see that a short signal was issued on March 27th (crossing of the zero line of the MACD and crossing of the lines of the Absolute Strength Histogram) so the short was executed at the opening of the next day at 0.6792. Since then the pair has gone down almost steadily to 0.6581 until last Wednesday before strengthening to 0.6649 by last Friday. Notwithstanding, the MACD shows a healthy negative...
You are right mate.No one knows what is going to happen. We merely play with the odds. since we dont actively move the market and get it to where we want. All we can do is just wait for bigboys to move and we just follow. My risk on each trade is very less dont i dont bite nail when i take the trade or when i get it incase if it goes against me.
I dont follow any indicator pure price action only i dont believe an indicator can tell us what is happening.i can tell what happened in the past.I just look at the price how it reacts to a particular support or resistance level and take trades based on them. Each one has different ways of looking at the charts. Good luck mate
When you cant hold anymore,thats when they enter trades to your direction
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