DislikedPat, as always great post and given me lots to think about -
Quick question as i traded the EU today and luckly L1 got me out of the trade as i had missed the major support from Jul 2010 and as such analysis was a bit out of sync.
Could you provide me with a little insight into the thought process of patience for todays EU PA and i have outlined mine --- with a major dose of 20 20 hindsight
[b]Start of day you relise theres major support streching back to July 2010, you have one eye on the weekly TL , another on the 15 min 200 EMA. [color=blue][i](...Ignored
Hi goochie,
I use PASR method when trading. Just follow PRICE ACTION at SUPPORT RESISTANCE (PASR). Those tools help you better in your decision but PASR will be enough to get you going. ( Note : SR means static SR only),
Dynamic SR is all the EMAs.
Big traders have huge money to move around, therefore they may want to hide the movement by doing it over couples of days, if not weeks.
Normally, will break the short term support line and HL of Candle, eg 15 mins. just to get more people commited to sell/buy. I was watching late yesterday activities was the Que for today set up.
This is Arjun's method that what here's trying to convey to all of you.
Since you have demonstrated a willingness to learn and a commitment to the method, feel free to ask questions on anything you don't UNDERSTAND.
To those who are new to trading you will have to read and read again and again and again and again then you will know what trading and this thread is all about. It's really eyes opening to making money in forex.
Best Wishes to all and stay healthy,
Sincerely
PAT Chiko
I come from the future.