Humm.... Trend seems to be very strong as it is moving pre market and i`m making nice pips out of it i took the breakout on eurjpy and it paid off. (at least an advantage of beeing with oanda it`s open prior to most other broker). Bo I understand you not wanting to consider risk:reward ratio prior to a trade, since i missed a lot of good trade because i did not have the 2:1 rewards in view. And anyway since i closely manage most my trades i rarely go more then 20-25 pips lost anymore.
Here i want to share a nice indicator from DXTrade i found at forex-tsd, it combine the Intraday fibs level with a shaded box, the daily pivot level and gann lines. If you don't like or understand gann line simply change it`s color to none. It is very nice and light on your eyes without cloaking the chart. Give it a look! If somebody can give me a good explanation about gann lines i would appreciate. Indicator is here.
Here i want to share a nice indicator from DXTrade i found at forex-tsd, it combine the Intraday fibs level with a shaded box, the daily pivot level and gann lines. If you don't like or understand gann line simply change it`s color to none. It is very nice and light on your eyes without cloaking the chart. Give it a look! If somebody can give me a good explanation about gann lines i would appreciate. Indicator is here.
Harmonics and Pitchfork using korHarmonics from TradingArsenal