agree. don't base your trades off a flaw. Figure out what caused the flaw in the first place and trade accordingly.

Using Demo for Live Entry

meh... its not moving at all. hate this. i got one open zzz

EURUSD

mnn... pa this morning is funky. don't like it...

EURUSD

winner? lol

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don't know what you are looking at... but i don't see any divergence using macd or stoc. Its too early to say coz eu hasn't made a new high yet. although it does look like a divergence is forming, you gotta wait a bit more to see if it is actually ...

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overbought conditions can stay that way for quite a long time...

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1.4555 target. watch it.

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there are a lot of things in this comment that i disagree with. One of them is the notion of no stop losses. You should always have one but whether or not you place a mental or physical one is a whole different story. The other is hedging. The whole ...

EURUSD

looks like the downtrend is over. lets see where it goes next

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you are trading on long timeframes. probably 4h and above. We are trading short timeframes. Most likely 4h and below. We aren't talking about the same thing

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he is sure coz there is no reason to go long yet. no indication, price action, news. it did bounce of a fib level, but that is not enough confirmation that it will reverse. So unless something happens, its still going down. for the short time being.

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Sir, your answer is very satisfying. +9000 internets to you. I guess this uncertainty is something that a trader will have to live with for the rest of his trading career. Even when one has familiarized himself with pa, in the end you can only hope ...

EURUSD

hehe then how do you do it?

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Bro, maybe I'm not very clear in my question. Let me rephrase: What you are saying - don't trade unless there is a left. What I'm asking for is a way to determine where the new left will be created and make some profits by capturing that. There is ...

EURUSD

I'm sure it will retrace back to 1.4 given enough time I'm talking a time frame of 1h or 4h charts. On those time frames, (the most recent breakout) which is the most easy to see area of interest is at ~4346. Based on what you say venice, you are ...

EURUSD

Using 1h or 4h charts. And in particular, I'm talking about today's retrace (which started yesterday)

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That is easy to say but hard to grasp. Your description is too general. But this case is unique. If you zoom out to a healthy 1 hour or 4 hour chart, the real demand zone is ~4346. There is no other indication to show where the demand zone is. Like ...

EURUSD

So in other words, there is no way to pick out the bottom of a retrace? (using eu today as an example) There is no prior support or resistance you can reference and the previous support is the breakout. Or are there any strategies one can implement ...

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anyone?

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This has bugged me forever, so im finally going to ask this. How do you know when the retrace has ended? Especially when there is no support or resistance to show you like eu is today? I'd really like to know. can someone enlighten me? Fibs? Then at ...

EURUSD