regarding the pause after big move - what do you mean by "pause"? Is it like several seconds without no ticks at all, or few slow ticks also count as pause?
Ignored
It's rather a few slow ticks within 2-4 pips range. It could last less than a second.
When you scalp you should be veeery quick. No time for hesitation.
Ignored
Well my question is how to detect such a quick pause? I monitor quotes now and noted that normally there is a couple seconds between ticks here and there. If you consider such a miniscule amount of time as valid pause, then you can say that pauses happen all the time even during fast strong trends?
Well my question is how to detect such a quick pause? I monitor quotes now and noted that normally there is a couple seconds between ticks here and there. If you consider such a miniscule amount of time as valid pause, then you can say that pauses happen all the time even during fast strong trends?
Ignored
This pause is valid signal only after a quick price move towards support or resistance.
The stocks were forming a base just before the London open. A long position with small stop was warranted. 1st part closed at +6p, 2nd at +11.5p. Stop is left at -4.5p.
The stop was hit. Unfortunately I've missed the STE around 50 EMA on my second account. The price turned lower below 50 EMA and didn't have confirmation from PA.
The 20 and 50 EMA crossed and I sold EURUSD. 1st part closed for 5p profit, 2nd for 10p profit. The stop is left at -4.6p. After the sell off yesterday the potential is not that great but let's see what the market will give.
