Hi Ferrer..
here are some odds enhancers I use..
1. wait for retraces to the ma's, the more extended (away) from the ma's we get the less probability of a continued move.
2. The first retrace to the ma's is high probability, with each bounce/retrace the more likely a correction becomes.
3. Did the last bounce make a new high/low?
to summarize, the price action is important, but the location and state of the trend are equally important, if not more so...
There are some new entry ideas i have posted on my web site, a trend reversal...
Here's a quick analysis of eurusd - are my thought processes valid?
1) This pair is in an uptrend
2) The greenlines are yesterday's high/low
3) The blue rectangle is a 'value area' - if price retraces to this zone, stays above the MA - shows it's hand with a buy signal = I am a buyer.
4) The state of play with the uptrend at the moment - it's fair to say it's too prolonged, there is no 'base' and we are looking for pullback?
Many questions here - just trying to see if I am on the right track?
Nice work on the site btw. "Juk" - I haven't seen that before, looks pretty cool. If it's your photos, you've seen a fair bit of Thailand and all it has to offer.
