i did told u to hang on, i told u what price ussually does before turning around… forget about that, learn from it… there will be other trades… i m short EU since last night, wanted to add another position but there aren t enough buyers to drive price for a pullback.
Screenshot by Lightshot in my opinion, not yet, i m waiting for that trendline break, also has to change dir from 1 hr or even 4hr point of view. it s bearish yes, but i never know what price will do, so i need proof to be sure of my bias.
Screenshot by Lightshot
common knowledge, nothing i invented, but if u follow these simple conceptions, u ll find urself on the winning side more then on the losing side. moreover, no matter what u trade, etfs, stocks, indices, whatever, prices always goes up or down in waves, knowwing when to try and take advantage of these waves is crucial, and ofc not every trade will win, but …just try it…u don t need volume necessarily, u don t need nothin like i said, trendlines and support and resist horizonal and vertical, static and dynamic. doesn t get any simpler then this. take a look, in 2 days and a half from 500 buck almost 20 % return lol, ofc i m risking 5% on each trade which u shoudln t do, but if there s volatility and price is movin…now go tak a look at ur reall account see if the price is doing exactly what it does on my charts
i wanted to buy also aussie chf, but i didn t, cos it just gave a shallow pullback, and i don t trade those, unless it right under 200 ema or above, cos i hate drawdown and i don t wanna have larger stops, so that s why i wait for nice reasonable pullbacks and set my stop where if the price kicks me out the long or short bias is no longer viable. and i lose a bit not hundreds of pips cos maybe will come back etc… again just my view and how i trade… but people are different, have diffrent views, and that s why it s nice, cos if we d all see the same thing we d all be lossers or winners