{quote} Hahaha.... not to say don't want to recommend, me now already oversea for my business trip. Here internet connection not smooth, always loadingLazy to upload chart
Enjoy your trip..
Let Market Tell You
- #861
- Mar 3, 2017 6:59am Mar 3, 2017 6:59am
- Joined Feb 2012 | Status: Trade like Water | 3,403 Posts
Enjoy your trip..
- #862
- Mar 3, 2017 7:43am Mar 3, 2017 7:43am
- Joined Feb 2012 | Status: Trade like Water | 3,403 Posts
{quote} this's right entry mate? {image}
I am not sure where is your entry. What is your timeframe focus and timeframe entry?
I just use the timeframe H1 for evaluation purpose.
IF you entry in RED, you will have failed tested breakout. WHY?
you see the candle is not so bullish WITH upper shadow quite long. Secondly, you have to check the following candle response as well. As you aware, no movement to UP at all after the price another Higher High. If I already enter there, I will surely close the trade. Lose money also no problem. it is rather good for you to put your energy and money to other pair.
RULE #15 LOVE TO LOSE MONEY
IF your entry in Blue, then you can see the candle is very bullish. Secondly, price make second attempt to break that area. Most of the people already focus on this area. Then your chances to UP is more HIGH. Beware that I also see sometimes it takes four or five attempts on that same area. You have to analysis on the Price Action movement.
this is my two cents advice.
Let Market Tell You
- #868
- Mar 3, 2017 2:36pm Mar 3, 2017 2:36pm
- Joined Feb 2012 | Status: Trade like Water | 3,403 Posts
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- #869
- Mar 3, 2017 2:53pm Mar 3, 2017 2:53pm
- Joined Feb 2012 | Status: Trade like Water | 3,403 Posts
usdchef {image}
To me, I will not take this trade LONG. I will short it.
You entry is totally against the daily price action where majority people are looking to short it. Firstly, Price already making lower Low (LL).
Second, the price already taken out the Pink line where the yesterday price previous swing low.
Third, You have to have a better Risk to Reward. I assume that you are risking 20pips to get 15pips. It would be good if at least 1:1.
Sometimes, you have to be choosy a little bit in picking which pair.
hope can help you.
Let Market Tell You
- #870
- Mar 3, 2017 3:08pm Mar 3, 2017 3:08pm
- Joined Feb 2012 | Status: Trade like Water | 3,403 Posts
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- #871
- Mar 3, 2017 3:15pm Mar 3, 2017 3:15pm
- Joined Feb 2012 | Status: Trade like Water | 3,403 Posts
My Opinion:
For beginners:
Must read a LOT! Never stop learning!
www.Babypips.com Best resources to know what Forex, How it work, and many more...best thing is that it is FOC
...no need to paid a few hundred USD just to learn the basic info
Learn Price Action include the candlestick pattern, price formation, high Low
Support & resistance - must go depth on what is S/R, how to draw it....
Moving average Method = learn how to use it, when to use it,
Finally, Combine all together with your MONEY MANAGEMENT & SELF MANAGEMENT (include your devoted time for FX/ psychology/ Your behavior pattern when trading)
Demo Trading until you can feel the flow of the certain pair. Must have consistent profit! No shortcut!
FINALLY, GO TO LIVE TRADING
For beginners:
Must read a LOT! Never stop learning!
www.Babypips.com Best resources to know what Forex, How it work, and many more...best thing is that it is FOC
...no need to paid a few hundred USD just to learn the basic infoLearn Price Action include the candlestick pattern, price formation, high Low
Support & resistance - must go depth on what is S/R, how to draw it....
Moving average Method = learn how to use it, when to use it,
Finally, Combine all together with your MONEY MANAGEMENT & SELF MANAGEMENT (include your devoted time for FX/ psychology/ Your behavior pattern when trading)
Demo Trading until you can feel the flow of the certain pair. Must have consistent profit! No shortcut!
FINALLY, GO TO LIVE TRADING
Let Market Tell You
- #872
- Mar 3, 2017 3:21pm Mar 3, 2017 3:21pm
- Joined Feb 2012 | Status: Trade like Water | 3,403 Posts
Let Market Tell You
- #873
- Mar 3, 2017 3:22pm Mar 3, 2017 3:22pm
- Joined Feb 2012 | Status: Trade like Water | 3,403 Posts
Hi Experts123,
What is your time now at Sri Lanka?
What is your time now at Sri Lanka?
Let Market Tell You
- #874
- Mar 3, 2017 3:51pm Mar 3, 2017 3:51pm
- Joined Feb 2012 | Status: Trade like Water | 3,403 Posts
Let Market Tell You
- #875
- Mar 3, 2017 4:46pm Mar 3, 2017 4:46pm
- Joined Feb 2012 | Status: Trade like Water | 3,403 Posts
Saturday Sunny Morning
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- #877
- Mar 3, 2017 5:23pm Mar 3, 2017 5:23pm
- Joined Feb 2012 | Status: Trade like Water | 3,403 Posts
Let Market Tell You
- #878
- Mar 3, 2017 5:30pm Mar 3, 2017 5:30pm
- Joined Feb 2012 | Status: Trade like Water | 3,403 Posts
Let Market Tell You
- #880
- Mar 3, 2017 6:57pm Mar 3, 2017 6:57pm
- Joined Feb 2012 | Status: Trade like Water | 3,403 Posts
{quote} our time now mate 6.45am
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