Yep. In my experience, the next couple of weeks are either completely blah. Or punctuated with inexplicable madness... Trade with extreme caution everybody.

EURUSD only

You can overlay these two charts to get an idea of how I see price structure. Purple = From the Weekly Red = From the Daily Consider something. If you can refine your entries with lower timeframes then you can also refine your S/R with lower ...

You Already Know How to Trade! (Supermarket Deals)

This is good! This is what I mean when I say 'find the deal'. You already know where to look for good bargain basement prices for purchasing your goods. I am sure this came after plenty of time studying. Did someone tell you about this or ...

You Already Know How to Trade! (Supermarket Deals)

A 'timeframe' exists much in the same way a 'meter' or a 'kilogram' do. They are ideas to help us understand something better. In the case of 'timeframes' it is to help us understand the relationship of price over time. Since price is not dependent ...

You Already Know How to Trade! (Supermarket Deals)

I fought with myself for years trying to catch those reversals... Sneaky ba(*&^s! Now I'm too scared to look for them... I only follow along with the structure I can see. You could call it 'Trend Following'. Once you can see price structure you get ...

You Already Know How to Trade! (Supermarket Deals)

If you study Elliot Wave theory you might recognize the three waves idea. I found the application of Elliot Waves too rigid. Another great trader explained it to me as pushes. This is a simplified version of Elliot Wave theory. Since I said the ...

You Already Know How to Trade! (Supermarket Deals)

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You Already Know How to Trade! (Supermarket Deals)

Hehehe... 'He' not 'She'...

You Already Know How to Trade! (Supermarket Deals)

Yep, it takes experience. Start with this knowledge. The market is both cyclical and fractal. It should always make 'sense' since it is made up of people placing orders. The only time it doesn't make sense is during black swan events. When the ...

You Already Know How to Trade! (Supermarket Deals)

I had to close this trade with no profit as I had some family stuff come up. I am not sad to miss the move up. Still a good projection on my part.

You Already Know How to Trade! (Supermarket Deals)

Well, it is always nice when it goes to your projection. Even if you cannot be there to capitalize. I'll get it on the next one.

EURUSD only

Closed it. Family stuff.

EURUSD only

Bought .11066 Target at least .1127 SL .1060 I am more likely to get out if the trade says I am wrong than to hit my SL.

EURUSD only

Bought Euro/Dollar .11066 Target at least .1127 SL .1060 I am more likely to get out if the trade says I am wrong than to hit my SL.

You Already Know How to Trade! (Supermarket Deals)

Ah, typo sorry. 109.71 Sure I will give a primer on basic price structure soon but it is nothing new.

You Already Know How to Trade! (Supermarket Deals)

I put my decision-making process into the post below before I took the trade. I did not tell anyone my exact entry. It was 109.71 by the way(spread was very wide at the time 6pips). I did take the trade before any other supporting price action or ...

You Already Know How to Trade! (Supermarket Deals)

I have seen many TEs that have 65% plus win percentage that are still losing money. It is as much about managing yourself as it is about managing your account/strategy. If this is a purely mechanical strategy have someone write an EA and forward ...

65% win rate

Trade complete. I got the best price I could and rode it until my target. I hope this example has helped someone. Trading is only as difficult as we make it. image

You Already Know How to Trade! (Supermarket Deals)

I see the best short opportunity is at .1089 and the best buy at .1020. That being said we are in a tight spot. Tread softly...

EURUSD only