Such is life with the BIGGIE. My apologies for saying something that offends you. Perhaps you should remember the rules of appropriate conduct on Forex Factory.
I'll always defend Jacko (Wayne Jackson) . . .
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Yes i think you should read the rules of conduct, why don't you post the dudes e-mail and phone number its obvious you work for him.
For a confessed newbie trader, you are trading much too low a time frame. You need to start at 4hr or above. There are very few wanabie traders who do well starting at low TF's.
You will notice that there is a high at 1.3276. Buying at 1.3270 would mean bumping into a known resis. level. it might break through it might not. But "mights" are not good enough to trade. There are better signals out there.
JC
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Wrong answer, but the question wasn't for you. question extended another min
EUR/USD heading up slightly to fall back down afterwards? or are we in for a breakout of the down trendline?
anyone?
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It doesn't matter if it breaks or not. If it breaks, is the 4hr and daily PA showing signs of a breakout or just a little push further with no conviction.
If it doesn't break what PA are you looking for to show that the trend is broken and heading down or consolidating. I'm looking for good PA through and below 1.3222. Notice, it's a recent low.
hello trader69 how you find the trend and conferm that ?
not virtual money i loss around 1000$ in real
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higher highs and higher lows equal uptrend, the opposite for downtrend. use a top down analysis - start with higher time frame and work down from there. daily, then 4 hr, then 1 hr, etc. the idea is to formulate a solid reason for the direction of your trade.
Joined Feb 2007
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Status: Goal achieved
|914 Posts
Funny how some traders are still looking for a short opportunity. With news comming out soon is better to stay away if your not in a profitable position by now.
You might think it's a wrong answer. But the risk of trading into a resis/supp area is high compared to trading away from one with confirmation PA.
And the question is on a public forum. It's meant for everyone. People learn from all the "right" and "wrong" answers.
JC
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I think you are reading more into the question that I asked. I didn't want an analysis (didn't mean to say your analysis was wrong). Basically, should I take the trade and why or why not? and not a question of analysis, you can assume I already did the analysis
