Selling ej again at 106.50 my four hour closes at 9 am pacific. It will have a huge wick to the downside. That wick most likely will be tested at 105.39. So that will be my target.
Thanks for starting this thread and sharing your trading methodology, great way for traders like me to learn,
I have read up to 22 pages in this thread I will keep reading the rest on Monday I like the way you trade I think I have understood the methodology now.
I am posting a GU chart what you think about taking the short orders where I have marked in H4 chart, S/R was taken from H1 chart is the bottom one.
Your input would be very much appreciated.
Keep up your good work. Please let me know when you will be having your next webinar I am in for that.
Very good advice that’s why I started liking your method no one know when market going to turn around one thing we know is if there is a extended trend some point it have to turn around. I would really like to see how your money management is for example if next trade risk is going to be 2% how many small trades do you divide this into? lets say you divide into 4 mini trades(0.5 % per lot) after 2 trades market turned around and they did not get hit by S/L and start making money now do you leave at the 1% risk that start making profit or do you still use the remaining 2 mini orders at some point and take 2% risk as initially planed to take?
dont get cought in the sucker play shorting the eu. Professional money is buying this currency right now.
Furthermore don't buy into this bailout crap making it drop. Scare tactics to get you in the wrong direction so they can take your money.
Buy low sell high is it really that hard of concept to grasp. Its the Golden rule in any market.
Picking bottoms and tops are hard though thats why you scale into the trade, and let trades breathe. Don't set your stop loss to tight or you are just shark bait. You cant expect 2to 300 pip moves in 2...
