One thing to bear in mind USDCHF.
PA such as this is any TF some pair.
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euraud brief from 1.4994, scaled. Holding till goal.
Htf momentum not on par.
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stopped breakeven on rest. Prices below 1.4939 necessary for any continued selling.Originally Posted by ;
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No? Everyone has to be in the pub...Originally Posted by ;
Anyhow, this scalp is secured today. Should be trading beyond 6PM. Very good weekend.
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Six rambling thoughts:The chop of PA is similar to a hurricane. We have to trade in the eye of the storm where it's calm. Calm are found in the extremities of the market. During its extremity, the direction of the market will turn. A trader should understand and learn how to recognise what a market turning point appears like. It's his weapon. The answers are in your charts in the close of each trading day. An advantage takes sweat, blood, tears and years to find. The trader who gives away it is a fool. The day will come when a student requires more information in relation to his trading teacher is willing to present. Exterior of a personal diary, hindsight trading is symbolic of trading on jubilation. Recognising and controlling this behavior will be one the largest self-disciplinary steps forward a trader can take.
USDCHF chart is very intriguing. Since the momentum is still strongly down, it is sensible to look for the high RR chance selling if it retests the highs.
If we see it breaking there, we may have formed an inverted head and shoulders which could possibly be an indior to look for the market moving higher although we trade where we are, the market provides a superb cover off.
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Depends on the TF. As this post momentum has turned and for me is up. Price is hoping to retrace and test the S/R, possibly even the brand new daily demand, we will see. My entry is going to be regulated by how it responds at those factors but in daily terms that time is very far off yet.Originally Posted by ;
I think that the tendency is dependent upon the timescale chosen to watch the market. I really don't believe there is just one trend in price.Originally Posted by ;
How to use this info? I Believe There's no right or wrong approach...
However, I do not think that the fad on the Daily is necessarily relevant to take a trade on the M5
Yea you're right. To be honest I would not normally respond to posts like that from TrendingFX but he/she's currently selling signals for $39 a month.Originally Posted by ;
Anyhow, they are on ignore. I really don't want commercial material in this discussion thread.
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