The Pattern created on March 10, 2013 was a short retracement going against the trend. Which the prediction was accurate and respected the Trend Line and Bounce off. Note: Every time you trade against the trend you need Lower the amount of lots size, which lower your RISK.
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ive just watched your screencast sir.. its very clear.. tq.
Thanks, I draw another Trend Line in a downward direction jest in case the market doesn't reach the Buy Zone and picks up early.
Hello Trader, I draw a New BUY Zone to place a limit buy order. Here is my prediction with two case scenario. Buy Scenario will be the market entering the BUY Zone and bounce up and push higher price level at 1.4000 OR Sell Scenario is the market Breaks Support Line and Trend Line which is a double confirmation that the market will change direction downward. Note: The Break need to a Long candle body with a 25 pips or more.
EUR/USD has created a candle stick pattern "BEARISH PIN BAR" on a Resistance Level at 1.3900. Which means the market is going to be heading a downward direction for a short period time. The second reason why I believe the market will go down is because the asggivessiness of the market on Thursday and Friday News. The market need to relax and head downward direction. I draw a Trend Line to have a idea on how low the market can go. Thanks,
Here is a Video on EUR/USD Prediction and Forecasting for March 3, 2014. This video proof my last prediction. Must watch!!http://screencast.com/t/kJDod555
http://screencast.com/t/9dN9jNRM
I am still short @ 3670, I think the downward momentum will continue till 3650, what's your say?
Hello Adil149, Sorry for the delay. If you are at 1.3670. You should hit your Take Profit today at 3:00am EST on 1.3650. But Please Be Careful for 2 reasons. 1.) Economic News with Median & High Impact 2.) Market is a Up Trend trying to finish a Retrancement. I Could be wrong and the market respect the 1.3700 Resistance and bounce off. Now, I draw a Black Line for you. The Line is around 1.3750 The Highest Point of the up Trend this week. This is where I put my Stop Loss for short position. My Take Profit is a Center Line of the FLAT Zone and Break Even half way to center line. I hope this help.
seems totally wrong
Thank God I Broke Even Half Way Between Entry and Center Line. This is why Break Even is very important and should be apply on every trade.
Nice, liked your video !
http://screencast.com/t/1R1XFbBmT43Q