Because PA will change direction (or it's gonna be just correction wave) after it reaches resistance or support. Especially when PA touches S/R for the first time, second touch can be also good for rejection, every other time is much less reliable.

Limit Orders - It's a mystery to me...

Market waited Greek parliament vote, and on technical side that was a bear flag.

EURUSD - why did the market suddenly go flat?

Last line resistance of this bear flag 1.2782/90.

EURUSD

I will sell for some pips on 1.2765, 1.2782/89.

EURUSD

At what time is Greek vote?

EURUSD

Selling zones are 1.2813/16, 1.2824, 1.2840.

EURUSD

But what if you use broker in US, will tax still affect you?

Tobin Tax Effect on Forex

I don't see any lack of activity.

Seriously... Is the lack of activity due to the US Election?

How will destroy daytrading if tax increase cost of a trade for 2 pips? Anyway, if you are a citizen of a country that implement a tax, but you have a broker in US will you bi taxed?

Tobin Tax Effect on Forex

If it breaks 2216, it will go one more leg down on daily.

EURUSD

Confidence neutralize fear, but that comes with experience and good results.

Trading is not a Business

url It's interesting who is just one place above pfg.

US broker PFGBest freezes funds after founder's suicide attempt

I'm not mathematician and i don't care about theoretizing much (in theory you're probably right), i'm talking from practical point of view, just do a test on demo - trade without edge, without rules, just randomly buy/sell with r:r 1:1, and you'll ...

Trading with 1:1 risk reward

Not if you have good money management/r:r/risk control and know how to recognize higher probability trades and good setups. In the beginning trading is all about how to preserve capital, profit comes later.

EURUSD

I think it's much more complex than that. If you trade without edge, just randomly, i think winning percentage is much less than 50%. In trading it's easier to lose money than to gain. Different places on chart have different probabilities.

Trading with 1:1 risk reward

You should try partially close profit, when price goes 15 pips in profit close half or 1/3, then you will easier let other part run to your target.

Struggle with trading mindset

This looks like a retracement and it could first go to 1.2290, 1.2320 (not necessary today).

EURUSD

I agree on that, if they did their job properly this wouldn't happen, but i'm talking about signs that we little retailers can eventually see from their balance sheets, bad news, or something which would tell us we should pull out the money couple ...

US broker PFGBest freezes funds after founder's suicide attempt

- trade only when you are 'sure' - which means when you are confident about that trade (preserving money and know when not to be in trade is very important) - trade only when risk control is good, don't try to catch move when it's already gone ...

"AH HA" moment

Yea, there were signs that refco is in trouble 1 week before it went bankrupt, there were bad news for mfglobal about money missing in segregate accounts 1 or 2 days before they went bankrupt, but there were signs even before that - they reported ...

US broker PFGBest freezes funds after founder's suicide attempt