Only sell lower high or resistance range.
- #70,821
- Dec 17, 2013 8:38am Dec 17, 2013 8:38am
- Joined May 2012 | Status: I'm Pawning 95Percent | 1,407 Posts
- #70,823
- Dec 17, 2013 8:45am Dec 17, 2013 8:45am
- Joined May 2012 | Status: I'm Pawning 95Percent | 1,407 Posts
{quote} you suicidal {image}
, i wait for failure, its not suicidal when every risk is planned and calculated. Not entry when trend is moving down, but after rejection is found.and one more thing, that's oanda, and i don't use retail's positions for reference.
every broker shows different market dept/ ratios.
just like how GBPUSD failed at 1.6440, with overshoot at 1.6460's. When 1.6440 failed to provide resistance turns support, overshoot's rejection is found, and sell can be done on 1.6440 with highest hi as calculated risk.
Don't be biased when trading there are 2 direction, just like when EURUSD was at 1.38 the highest hi was at 1.3830. There are still plentiful of opportunity.
the flow is down, doesn't mean there can't be an up flow later on.
- #70,824
- Dec 17, 2013 8:48am Dec 17, 2013 8:48am
{quote}
i'm in short.But one thing."i don't use retail's positions for reference",not the retail traders drive the market.That's the point.
- #70,826
- Edited 9:03am Dec 17, 2013 8:52am | Edited 9:03am
- Joined May 2012 | Status: I'm Pawning 95Percent | 1,407 Posts
{quote}
daily closing is what's important. as currently volatility remain high and uncertain in the us sessions. good sign for those seller higher as trade management is easier, but too risky for the seller near support or below support.
- #70,829
- Dec 17, 2013 9:05am Dec 17, 2013 9:05am
- Joined May 2012 | Status: I'm Pawning 95Percent | 1,407 Posts
- #70,835
- Dec 17, 2013 9:58am Dec 17, 2013 9:58am
- Joined Aug 2013 | Status: Going with the flow | 244 Posts
{quote} Why is Oanda a scam, just curious? I use them. Doh!!!
- #70,836
- Dec 17, 2013 10:05am Dec 17, 2013 10:05am
- | Membership Revoked | Joined Feb 2013 | 757 Posts
{quote} I don't know why anyone would believe Oanda is a scam, unless you don't understand much about market microstructure and seem to "think" you are being scammed. I have been with Oanda for a while now, and they are superb to all of their competition. They offer countless tools to help their traders, provide some of the top news feeds, and are always very helpful. They are also regulated by the CFTC so you can bet you're pretty safe with your money. My only complaint is that they don't give their clients "I love Oanda!" t-shirts.
Honestly most major broker are okay in my book. They all have to follow the price of the pair, and cant go away from it too much. Maybe a few pips to get your SL, orders etc, but can't move the price 20 pips from what the actual price is. As long as there spreads are good at all times, the broker is not the problem its you if you think they are after you.
Faith ends where worry begins, and worry ends where faith begins.
is it going up from here? or will the candle hover around 0.8910 area and go down further at the next candle
- #70,840
- Dec 17, 2013 11:36am Dec 17, 2013 11:36am
- | Membership Revoked | Joined Jun 2011 | 4,778 Posts
my 4 hrs view.. 
GL
GL
when GOD brings you a challenge he also gives you the power to deal with it