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EUR/GBP
Member Since Dec 11, 2015
1462 posts
Jan 28, 2018 at 15:16
snapdragon1970 posted:
No point looking back on Trades when everyday brings new opportunities ,I only look back when checking statistics to improve.
True. There will be more opportunies next week.
Member Since Dec 11, 2015
1462 posts
Jan 29, 2018 at 15:17
I just shorted and placed my TP at 0.8750.
Member Since Dec 11, 2015
1462 posts
Jan 31, 2018 at 15:58
(edited Jan 31, 2018 at 15:58)
I sold too and my TP is at 0.8750 again.
Member Since May 11, 2013
45 posts
Feb 01, 2018 at 13:40
Understand to read the overall pattern and which direction the market is heading in based on that unless the pattern is invalidated and learn to read the lower timeframe price manipulation to confuse traders what they should be doing! The picture is painted to confuse you and entice new traders into the market.
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GiftedFx
Member Since Sep 12, 2015
1933 posts
Feb 01, 2018 at 13:58
Be aware of the Hard Right Edge,if large Investors/Traders have a fixed price to buy at they have to push the price around first before getting the price they want.Patterns do work sometimes just keep in mind if it looks too obvious it's usually a fake out.
"They mistook leverage with genius".
Member Since May 11, 2013
45 posts
Feb 01, 2018 at 14:57
Patterns work 80% of the time if you read them correctly
GiftedFx
Member Since Sep 12, 2015
1933 posts
Feb 01, 2018 at 15:06
Can you send me the link because that's the first time I heard that statistic.
"They mistook leverage with genius".
Member Since May 11, 2013
45 posts
Feb 01, 2018 at 15:11
I know from my own trades and the market overview predictions iv made using them. Looked over 20+ currency pairs almost a year ago and based on patterns every trade has gone in that direction
GiftedFx
Member Since Sep 12, 2015
1933 posts
Feb 01, 2018 at 15:47
Probably some of those 20+ currency pairs are cross correlated,human behavior to see patterns even when there are none.
"They mistook leverage with genius".
Member Since May 11, 2013
45 posts
Feb 01, 2018 at 15:49
Correlations change and are also manipulated at times. There are always chart patterns, it is how you interpret them and read them that is key and under stand the mindset of a professional trader. Do it for 12 years and you will know what I mean
GiftedFx
Member Since Sep 12, 2015
1933 posts
Feb 01, 2018 at 16:08
They don't change that much over short periods ,that's why it's important to do your own correlations on pairs.
"They mistook leverage with genius".
Member Since Dec 11, 2015
1462 posts
Feb 03, 2018 at 14:39
I opened a long yesterday at 0.8770, let's hope that on Monday it will keep rising.
Member Since Sep 12, 2015
1933 posts
Feb 03, 2018 at 15:33
Should climb higher to knock out 88280 shorts.
"They mistook leverage with genius".
Member Since Dec 11, 2015
1462 posts
Feb 04, 2018 at 15:18
snapdragon1970 posted:
Should climb higher to knock out 88280 shorts.
My hope is that it will climb to 0.8860.
Member Since Sep 12, 2015
1933 posts
Feb 04, 2018 at 21:22
"They mistook leverage with genius".
Member Since Dec 11, 2015
1462 posts
Feb 05, 2018 at 15:46
It even passed 0.8860 but I closed my long at that level just in case.
Member Since Sep 12, 2015
1933 posts
Feb 05, 2018 at 15:57
Yes you did the right thing,some heavy investor pushed it through 88400,large buy bar.
"They mistook leverage with genius".
