depends on which time frame you're trading but on mid term i would watch
1.5000
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DislikedWelcome to the thread! Emotions hard the hardest part of this business. Not only to get into a trade, but also to accept when your trade is wrong. Find a system that works for you and your trading style. There are a numerous amount of traders in here with multiple trading styles. Anytime you have questions, don't hesitate to ask.
Trade well!
EOIgnored
DislikedYep, this threw me on Tuesday. I've been watching the London open for a while. Thought that if it moved with the trend in the Asian session it would go back to pivot before going down further and this didn't happen. Very disillusioning when you think you've found a constant. Back to the drawing board...
Thank you All SereneIgnored
DislikedMany thanks Eohater. Your capacity to give is immense. Thank you doesn't seem enough.
Was prompted to join having just watched a one minute candle (16.59 gmt) close below 14600. Which meant that every candle up to 60 min closed below what I understand to be an important psych level. On the hour. Noticed this and was curious. Seems to say 'no more up just yet'.
Any thoughts?Ignored
DislikedWelcome! It's nice to hear you're here because of noble reasoning =) . If you need any advice or anything, just send me a message.Ignored
DislikedIt's not as far as you think.... especially if this is the right shoulder of an inverted shampoo forming..Ignored
DislikedShampoo forming hilarious!!!
Seriously, do you think it would be a reversal any time soon?
I mean that would explain the fucking channel.Ignored
DislikedEasy bro! I wasn't giving a joke there...
Look at your daily chart
Inverted====> reverse
Shampoo ===> head and shoulders
Day chart not closed yet thoughIgnored
DislikedThat's just crazy...The idea could be a reversal but to hit 1.64 would take a monthIgnored
DislikedAgree with the wise words from Al, trade tiny lot sizes and earn the right to move to slightly bigger sizes. Also, go and complete the classes on babypips.com, look at EO's trading blog, become well-versed in the fundamentals and how they can move the market. Basically, learn, learn and learn some more...
This is a vicious market, one in which over 90% of retail traders will ultimately fail to succeed in. Indeed, the odds are that you will lose all of your account and not be trading in six months time, but this needn't be the case - providing...Ignored
DislikedFirst and formost historically currency have been trading on interest rate differentials. Since usa is rock bottom and euro with gbp have a bit of room it seems to me that the rates cant go lower. Second reason is if you look at your monthly and weekly chart on stoc's they are both oversold and even though no trade signal issued yet becasue current market price has not crossed over simple moving average price to trigger. We feel that once the daily round trips this time and issues trade signal you will see a chain reaction of triggers. Also if you...Ignored