GBP/NZD News in 1 hour. Strong bears are near. {image}
GBPNZD Short Trade Opened: Entered short #1, Classic. Trend is angling down. Dragon is angled down and has crossed below Trend. PA is below both. Still, in spite of this seemingly good setup, it is Friday and besides that, the robber banks might just whippy whacky this in a range today. We cannot know how price will move. This is a chance for a bit of profit, or an opportunity to exercise good money management if it goes sour. Time will tell.-tah {image}
{quote} {quote} Agree that newbies has to have something to follow, but honestly I have to say that I have seen lot of failed classics also. There isn't any strategy what works 100% totally and any time. There are lot of risks with classics too what newbies has to know. Classics works only if you have a strong background support. We can draw many different classics but most of them has drawn wrongly because background doesn't support them. For drawing classics correctly you have to know who is in the background, bulls or bears! And guys, everything...
" - loeilJust a general question for you guys. Do you have any experience with forex tester 2? I am interested in getting a copy of the software so I will be able to forward test and perfect my strategy. Also something on EU.. MM's look like they want price to test RDL before new york opens!! {image}
{quote} EC & UC & AC profits taken. Too soon it seems...
{quote} AU Took profits earlier, cause I too saw bulls taking temporarily control. {image} Now starting short again EP #1 early Classic Sonic R entry{image} Longer term position building hopefully... Reasons; monthly chart +PVSRA on timeframes 4h to 1m and 1h as example here: {image} {image}
{quote} NU profits taken. Closing this one too as I have no time to monitor. {image}
{quote} GJ took profits also from this one. {image}
GBPNZD Short Trade Opened: Entered short #1, Classic. Trend is angling down. Dragon is angled down and has crossed below Trend. PA is below both. Still, in spite of this seemingly good setup, it is Friday and besides that, the robber banks might just whippy whacky this in a range today. We cannot know how price will move. This is a chance for a bit of profit, or an opportunity to exercise good money management if it goes sour. Time will tell.
{quote} I have used Forex Tester in the past. I was not super impressed with it mainly because it only comes with your standard indicators and you are unable to ad any custom indi's to tailor it to your specific strategy ie.... your new supdem indicator will not be there and you will be unable to add it. other than that it serves its purpose as long as you can do it with the standard mt4 indicators. to tell the truth is wasnt worth what i paid for it and havent used it in over and year and this was solely because my strategy relied on several custom...
IMO, it is much wiser to spend the time that it will take to learn some software here, and to dedicate that time towards a better understanding and application of PVSRA. I wish I had the money I have spent through the years on superfluous junk in my trading account 
{quote} All you need is provided here and FREE
{quote} GBPNZD Short Trade Closed: Closed trade for 428.1 pips gain. I built this Classic by adding three Scouts as price moved in the trade direction. {image} {image}
GJ - short. {image}
{quote} GJ - closed for 4640 pips gain
