{quote} I don't know if you have read all the thread? But one of many good tips I picked up from TRD is Daily Double Bottoms/Tops make Traders feel safe when they place their Stops below/above them. This is a good place to Anticipate Bullish reaction.If we don't see significant Bullish reaction from the low of 29th February we have to go back to Jan 2009 before the Market was lower see this Post 2,421 {image}
{quote} GBP/USD, like all other pairs, will either keep going down (like in this case) or up until enough opposing Liquidity is encountered so Positions can be Liquidated and new Positions built. This is all the Market does day in day out. Direction is dependent on the Institutions with the LARGEST Orders to be filled or a Central Bank wanting to stabilise "their" currency "they" will "manipulate" the Market to get it to where it needs to be for those Orders to be filled. "They" will then actively protect these Levels for as long as they have Orders...
maybe my take on levels is just a bit different is all. is just another view but will keep schtum after this 
jan 2009 looks lower to me and the 675 pip rally back to the BO can be changing hands for lower prices, so am looking for a spike lower, This said I am only scalping this pair. Thanks again for great chart 
{quote} Thanks Steve, great chart, seeing mkt the same way also
{quote} So why not just ride the trend down? I like your entry methods TRD with tight stop loses, but completely do not understand why you have to have such a DD after you enter with your level of skill. If you expect to have a DD - then don't enter here, wait until it gets lower. If it doesn't, move on, there is another setup around the corner anyway. Why make it hard. The only explanation I can find is there is some psychological factor which lies deep in this style. Though I doubt that I will ever understand it.
{quote} I was buyer all day too. It was hard but still made money. Tomorrow I can post the trades When you are in DD, you have to focus better and think how to reduce the loss and make some more. Usually the best opportunities happen in pain times. If you take advantage of them, you will be the winner at the end of the day
) from yesterfday
{quote} I Great post, Steve! That's the true story about what really happens. Anything else is not relevant. See also at 4560 how price came to a supply level and took out all the supply traders out and then came back and continued. No one is left to make money. All are taken out eventually
