After this highly bullish friday, we can sell again and just wait for the arriving of the price in the Take Profit Area. Is it just that simple? Yes, it is!
Trade with care and good luck to you!
Transaction en cours
⋅
MY SELL ORDER: ENTRY: 1.0613. SL: 1.0633 TP: 1.0565
MY IDEA FOR THIS TRADE: 1.) During this strong up move the market created a nice ab=cd pattern. 2.) The levels where I painted the red arrow are too clean, so the market has to return to them in order to fill all orders.
Commentaires
AndreaFigallo
⋅
Sorry but... where is your technical analysis? :)
"What goes up must come down"?
Trader3000
⋅
@AndreaFigallo, I am a price-action trader and don't use any trendline stuff, indicators or something like that. Only the blank chart. I am not perfect, I agree. But the most of my trades are right to the pip. At least I am very consistent in profit taking and that is the key to success. If you think in this way: Only 20 pips per week can double your account every single year! Take a sheet of paper and start counting. You will be surprised. And that only with 20 pips a week - What if I make 50 or even 70 pips/week?! I like to discuss about trading and I respect your opinion. But you will need a lot of experience to get on such a level in pure chart reading. The left side is telling you the right side. It is hard to believe, I know. But it takes a verly long time and a hard time of working on charts. I wish you good luck and of course a lot of pips! (Minimum 20/Week) Nice weekend for you!
Nhatrang
⋅
@Trader3000, Thank you for sharing. Do you use any formular to trade.
Trader3000
⋅
@Nhatrang, No, I don't use formulas for trading. My style of trading is simple price action.
"What goes up must come down"?