This is a good example of how S&R works. It helps if you have an overall view of the trend, but a range bound market works just aswell. If you get burnt trading these levels with the trend then the trend has probably hit a short term high.
The funniest thing you have heard on a trading forum?
This is a good example of how S&R works. It helps if you have an overall view of the trend, but a range bound market works just aswell. If you get burnt trading these levels with the trend then the trend has probably hit a short term high.
DashRiprock
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es 1338 1337 last
new_trader
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DionysusToast
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To be fair, it does seem like a good idea until you do it....
MajorDutch
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I have heard this phrase a lot! and agree it is utter ********. I count these trades in the winning column but as for being free that is just BS.
DionysusToast
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I had a splendid day today. Much of it in the red...
For anyone that wants to accuse me of posting only my good days.... let's just say if I had a nude picture of me coming out of a cold swimming pool, I'd probably not post that either....
For anyone that wants to accuse me of posting only my good days.... let's just say if I had a nude picture of me coming out of a cold swimming pool, I'd probably not post that either....
enragedcow
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ridiculous but one of my favourite (omg silly american forum thinks this is spelled wrong) stupid one liners
and yes wonderful day Dionysus...
MajorDutch
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ha ha ha. so true. don't forget they mentor to 'give something back' and share the love.
ha ha ha. so true. don't forget they mentor to 'give something back' and share the love.
"Because the feeling teaching gives me is unlike anything on this earth".
Here's another, support working on the euro but resistance failing - not sure why you'd be selling anyway but that's a different matter. Actually, the resistance did work very temporarily but to avoid that you'd "have to move your stop to breakeven for a free trade" :innocent:
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Selling into a clear uptrend.
who?
Look at those morons buying into a clear down trend
yes, it's all relative depending on which chart you look at.
Daily is the key for most and I don;t think anyone would have any doubt that the EUR was in an uptrend. The minor blip that you could be forgiven for selling was a retrace of last week's news about the US debt being downgraded but that soon ended.
Actually the pivot in that chart is a Daily trendline and support area, which you would have been brave to buy after the US news but hey...
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Look at those morons buying into a clear down trend
Yea clear downtrend that one. EURUSD was definitely in a downtrend there.... The daily isn't even posting lower lows and lower highs.
