One more quick thought from this mornings LO.
Be ready to switch from one currency to another at any time, don't get attached to any idea that a currency is strong or weak just look at what the charts are telling you. Don't start "believing" one thing or the other. This is the 1 minute chart and its gonna swing around so go with the flow. Whatever is top of the TT indy is the pair to be looking at but in particular look for the currency that is dominating the TT's.
Just remember when you look at the TTs chart to quickly workout where it is in its move? Which wave are you trading of the current move.
Have a look at my trade this morning, I should of known NOT to take my 2nd entry, the 5th wave had gone!!! I think its range must have been close to its ATR too! (Martins gonna kill me for that one!!!).
And lastly when we have had a top trender reach over bought by 300+ then its a potential sell setup in the making as traders bank their profits from the move up.
Don't be frightened to switch from a buyer to a seller in overbought markets.
Oh Oh!! Where did I put that crash helmet Pres78's just about getting up!!
Be ready to switch from one currency to another at any time, don't get attached to any idea that a currency is strong or weak just look at what the charts are telling you. Don't start "believing" one thing or the other. This is the 1 minute chart and its gonna swing around so go with the flow. Whatever is top of the TT indy is the pair to be looking at but in particular look for the currency that is dominating the TT's.
Just remember when you look at the TTs chart to quickly workout where it is in its move? Which wave are you trading of the current move.
Have a look at my trade this morning, I should of known NOT to take my 2nd entry, the 5th wave had gone!!! I think its range must have been close to its ATR too! (Martins gonna kill me for that one!!!).
And lastly when we have had a top trender reach over bought by 300+ then its a potential sell setup in the making as traders bank their profits from the move up.
Don't be frightened to switch from a buyer to a seller in overbought markets.
Oh Oh!! Where did I put that crash helmet Pres78's just about getting up!!
Feel the Fear and do it anyway!!!