This happan so much lately, just a simple trendline break this morning could have made a 20 to 40 pips. Right now it is retesting the 4 hour trendline searching for m2 at the 12799 area.
Dont beleive me look for yourselves. Simple trend line break and bingo! If you really want to add fuel to the fire look for news coming out at that time GBP...EU Etc That is what winning is all about Plan a head each week.
Dust you self off..... plan for the goods moves leave the rest on the table.
I learned a long time ago to give all my bad customer to the other firm in the area and take good care of the best customer. That was my winning formula! This cut down 90% of my problems, no more nut cases, rip off artist, and the no pay customers. You do the same thing in trading!
You count 1 started 4am 2 started at 6am and what do you see on the screen take a price projection from wave one, that how far it could go down or up WAVE 5! We are still in a down trend remember! Rolling over but to soon to say, I like for it to bounce of m2 12899 before heading down! Trade safe
This is right where you need to be, break below the trend line, your in at the 3 to five pips below the lowest low or wait for it to break the trend line up either way you have a winner. M2 support was at 12799 not 12899 Sorry!
it did not reach below the 76 area to enter so that was a smart move, we were in the middle of a report. The question is how would you have worked this situation out. Sitting on a fence! Wait for the light bulb to come on!
The second point : It went right back to the high, and what did i say before that would be the best situation. The rest is history!
