I trade all pairs thus i will post charts of all. Every time you wanna ask about a particular chart posted. quote it so i have a reference in case this thread goes haywire 
DON'T TRADE THE DIRECTION, TRADE THE MOVE
- #10
- Apr 27, 2015 6:48am Apr 27, 2015 6:48am
People say martingale will burn your account, well i agree if you don''t use it properly and with no caution.
This is for aspiring martingalers. We know martingale will kill you in ranging markets, so don't use it on a ranging Pair. You don't need indicators to know if the pair is ranging or not either. you need your eyes, the chart and understanding of price action. Most importantly you must be willing to accept the losers too
Don't use martingale to avoid loosing
How to spot a range - Price action
This type of an uptrend will work well
This type of a downtrend will work well
But really why would you use martingale on a pair that's trending because you should be trading with the trend anyway -
This is for aspiring martingalers. We know martingale will kill you in ranging markets, so don't use it on a ranging Pair. You don't need indicators to know if the pair is ranging or not either. you need your eyes, the chart and understanding of price action. Most importantly you must be willing to accept the losers too
Don't use martingale to avoid loosing
How to spot a range - Price action
This type of an uptrend will work well
This type of a downtrend will work well
But really why would you use martingale on a pair that's trending because you should be trading with the trend anyway
- DON'T TRADE THE DIRECTION, TRADE THE MOVE
- #12
- Edited 7:25am Apr 27, 2015 7:13am | Edited 7:25am
- | Membership Revoked | Joined Dec 2014 | 379 Posts
{quote} Dog you see our GBPUSD? I hope you are in this trade mate
Yes I see I taken +30 pips. Iam out of GBPUSD. Iam afraid that can make fake new high or something. Trying to be carefull 
For me GBPUSD is too high for long.
- #18
- Apr 28, 2015 6:31am Apr 28, 2015 6:31am
Closely Monitoring. Swing Trade
What we missed - Lucky if you got your 200 pips.
Evening Star is more reliable and most often found on top of the rallies. It shows that on day one the buyers were dominating the session, on day two there was indecisiveness between buyers and sellers. And on day three sellers taking things under control and dragging the price down. Stop loss can be placed above the second day's high.
What we missed - Lucky if you got your 200 pips.
Evening Star is more reliable and most often found on top of the rallies. It shows that on day one the buyers were dominating the session, on day two there was indecisiveness between buyers and sellers. And on day three sellers taking things under control and dragging the price down. Stop loss can be placed above the second day's high.
DON'T TRADE THE DIRECTION, TRADE THE MOVE
