If you are a scalper you are not required to trade in the direction of the Daily trend and you should feel free to trade against the larger trends at will. I am however convinced that most scalper losses are due to areas that are not on their radar. ...

You Already Know How to Trade! (Supermarket Deals)

Get to know price structure. image image

You Already Know How to Trade! (Supermarket Deals)

Subjectivity is the very essence of charting.

Cable Update (GBPUSD)

I've still got .1100 as the major hurdle to get to lower prices. I am contemplating buying there. image

EURUSD only

Here is what I am looking at for AUD/USD today. image

You Already Know How to Trade! (Supermarket Deals)

You are welcome!

You Already Know How to Trade! (Supermarket Deals)

If I am looking to trade a pair and it is confusing in any way I move on to another pairing. If I am going to place my real money on something I want to have confidence in my decision. Every trade I take I am confident it will go my direction. If I ...

You Already Know How to Trade! (Supermarket Deals)

Hehehe. You have totally got it Newfie. And you beat me to it!

You Already Know How to Trade! (Supermarket Deals)

Both charts look correct to me. The thing about trading is that you never really know 100% where the price is going to go. You can get to know its tendencies and nuances just like you can know a friend. It takes years to get to know a best friend ...

You Already Know How to Trade! (Supermarket Deals)

If on a chart it is not automatically apparent which way price is going, move up in Timeframes until it is. In this case we have to go clear to the Daily before the charts make real sense. Once we have a handle on a larger TF we can move down to see ...

You Already Know How to Trade! (Supermarket Deals)

I work my way down starting from the Monthly. I don't skip any timeframes even though they don't exist, hehehe. A pullback on the weekly will look like an uptrend on the daily and 4H charts. It is important to know where the 'bargains' are on all ...

You Already Know How to Trade! (Supermarket Deals)

How about this. If you mark a chart with the 1,2,3 pushes you see. I will then tell you if that is the same way I see it or I will amend your chart with the way I see pushes. Sound good? That way you can learn by doing and then being guided.

You Already Know How to Trade! (Supermarket Deals)

Another thing to consider in trading is the problem of scaling. As we all flip through our charts zooming in and out on all the different timeframes there is something odd going on that should cause you to stop and ask some questions. The scale of ...

You Already Know How to Trade! (Supermarket Deals)

Update: image

You Already Know How to Trade! (Supermarket Deals)

Looks pretty good to me.

You Already Know How to Trade! (Supermarket Deals)

My pleasure! Holding on to a winning trade always feels good. As long as it is in your trading plan, keep it until you reach your goal. As an alternative, you can slide down to the 4H and follow its three pushes to give you a place to get out and ...

You Already Know How to Trade! (Supermarket Deals)

AUD/USD image

You Already Know How to Trade! (Supermarket Deals)

Those are my S/R pulled from two different timeframes. Purple = Weekly Red = Daily I will try to keep all my charts color-coded to minimize confusion.

You Already Know How to Trade! (Supermarket Deals)

The only other thing I have applied this to is a random sampling of stock charts. I believe the two markets are different enough that should I try a third or fourth market the same principles will apply. An auction market is an auction market.

You Already Know How to Trade! (Supermarket Deals)

Tradingview charts are wonky right now... I am waiting for the GBP to show me what it wants to do next. From the weekly perspective, I see the three pushes up. The Daily could possibly be showing the end of this leg of the up move. The purple S/R ...

You Already Know How to Trade! (Supermarket Deals)