Forex hindsight trading

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bedsit

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There was obvious resistance at 16270 - so that was short entry.

Also there was support at 16124 - good for profit taking.

146 pips in less than 4 hours

PS Only difficult bit was to find support and resistance levels.
 

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bedsit said:
The idea behind the thread is to give opportunity to all the hindsight traders to post as much as they like(y) - usually they are not wanted in other threads:(.
Click to expand...

Good thread (y)
Thanks for showing us how easy it it to make money on the forex. Some people tell me it's very hard, but you are my hero. Can you explain how you knew in hindsight(!!) that there would be resistance at just the point you wanted to short? Can't wait for your answer!!

Peter
 
wackypete2 said:
Good thread (y)
Thanks for showing us how easy it it to make money on the forex. Some people tell me it's very hard, but you are my hero. Can you explain how you knew in hindsight(!!) that there would be resistance at just the point you wanted to short? Can't wait for your answer!!

Peter
Click to expand...

Thanks Pete.

I've found it a bit difficult to see in advance where the price may go - so that put me off live calls.(n)

While studying the charts came to this idea about hindsight trading - it's much easier(y):

You just choose a pair you wish to hindsight trade and carefully observing the chart you can see where the price stopped going up and the point where the price stopped going down.
Next step is to choose entry at the very top and exit at the bottom. It has 100% success rate and helps you avoid guessing and unnecessary losses.

Hope this helps:)
 
bedsit said:
Thanks Pete.

I've found it a bit difficult to see in advance where the price may go - so that put me off live calls.(n)

While studying the charts came to this idea about hindsight trading - it's much easier(y):

You just choose a pair you wish to hindsight trade and carefully observing the chart you can see where the price stopped going up and the point where the price stopped going down.
Next step is to choose entry at the very top and exit at the bottom. It has 100% success rate and helps you avoid guessing and unnecessary losses.

Hope this helps:)
Click to expand...


You need to get a vendor badge!

Here got +40 today
 

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foroom lluzers said:
bought egbp stop 200 pips 0.8434 foresight call
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+30 so far

bought egbp stop 200 pips 0.8434 foresight call

This is market timing trading , it does not work most of the time , inless you know the future or what is going to happen next!
 

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