What is ATR? I search entry on M1 chart, and exit on H1, so precision is important to me, i usually trade on strong S/R lines, and as i noticed, when bouncing from S/R lines price usually spike them 10 or 15 pips, sometimes more, but 10-15 is more ...

What stoploss do you use?

I was always wandering what is the right way to draw lines, where is candlestick closed or on a candlestick's spike? But i guess there is no right answer, because price sometime bounces from spike, sometimes from closed price. I think horizontal S/R ...

Drawing correct resistance and support-lines

Yea, this is a golden rule.

EURUSD

I don't see any serious resistance from here to 1.42 where is a monthly fibo (more precisely 1.4197), i believe it's gonna reach it today, and there are alot of news today.

EURUSD

Looks like there is a falling wedge, but i'm not sure is it valid as i don't see any bullish divergence. image

EURUSD

I'm waitting to fall to 1.4026 to buy.

EURUSD

Well, everything on market is just prediction, it just, some predictions have higher probability, and some lower...

EURUSD

Is that often happens to oanda, they don't favour news traders?

EURUSD

I use tight stop loss, so i buy/sell only near strong supports/resistances, right now i don't see where i could open position to use tight stop loss, if price get back near trendline and support zone on 1.4026 then i'm gonna go long too.

EURUSD

This is what i think where possible top could be. I don't think PA gonna pass through this blue zone without retracement of this up move. There is a monthly 23.6 fibo on 1.4200, i'm planning to short there. image

EURUSD

Gold made a new high, aud/usd made a new high, only euro is hesitating for now, i believe it's gonna shoot after bernanke speak.

EURUSD

According to this bullish divergence on H4 , and a strong bull zone from which we bounced we could test broken trendline, and maybe even a top. image

EURUSD

There is a bullish divergence on H4

EURUSD

Price found a support on 61% fibo, so this is the right place to go up (atleast for a nice retracement of this down leg). image

EURUSD

This is why it bounced down. image

EURUSD

I'm still waiting with my sell limit at 61% fibo 1.3887.

EURUSD

And how is this possible? Aren't they heard for margin call?

CFTC new Risk Disclosure

Well, this can apply to all market makers.

CFTC new Risk Disclosure

Watch out 61% fibo is very close.

EURUSD