How to read a chart and trade properly

EURUSD 5 min I've pulled the trade for -5 The sliding parallels from the bearish daily fork are still influencing price I now dont like what I see and I follow the old adages "close your losers fast and let your winners run" and " your first loss is your best loss" I'm out at a very. small loss

EURUSD 5 Min Countertrend trade at D Its possible to countertrend trade markets at D but its quite risky but is also a tight stop small risk trade its the completion of the Minor AB=CD at the C 76 Fib of major AB leg I'll put stop to BE at earliest opp

Dow out for 5 pips EURUSD stop to -2 gonna turn it off now missus gettin fed up of me on the computer still. Might start a journal but not the euro correlation too high

I started a trading journal if anyones interested leaving this thread

http://www.forexfactory.com/showthre...18#post9041718

Start a chat room !

I find it much more useful to discuss chart technicals in real time ...forums don't quite cut it for day trading analysis .