Hello,
I thought a would be a good idea to share some of the key comments/teachings that Feb has made in this thread. They are basically in chronological order.
Hope this helps
Hi Feb,
Here is a trade i got in earlier on the pound. As you can see, i got in the trade and lost it. The trade failed to break higher and went all the way down. Would you recommend to reverse the trend and short this trade at the 100 of the fibo? I mean the origin of the swing.
And today had been a hard day. The market was ranging all the time and false breakouts came at least thrice as i seen.
Thanks!
excuse me, but looking at your chart for me the price was breaking the range. 20 pips to small, could be noise.
This is normaly the point where a swing can start. The breakout failed and following was a break of the downside of this range. This was the beginning of a swing to the downside. After the 1. Retracemant one could enter a short trade
hope you dont mind, thats the way i see this chart
Yup, i was thinking about that also. The swing might not be that good enough. It was the at the beginning of london session. So people are still waking up.
Anyway, here is another trade i did on the euro yesterday on the beginning of london session. The trade lost as well. Maybe 20 pips swing is really too small a swing.
Thanks for the tip MJurban. Still learning here. And if you don't mind, would you share your charts as well?
