Once you have acquired your desired position the most important thing to do next is wait... image

You Already Know How to Trade! (Supermarket Deals)

Not sure what you are talking about... Probably a language barrier thing. No big deal. If you have a question please ask.

You Already Know How to Trade! (Supermarket Deals)

I do both. Since most of what I do is already following the 'Trend' in price I feel very safe entering right away. If I don't enter immediately I will get an inferior price most of the time. I also like to enter when the reversal has already started ...

You Already Know How to Trade! (Supermarket Deals)

Have you ever had to make a purchase and the day after you do your item goes on sale? Or were you waiting for a sale but the store ran out of your product? You don't stop shopping just because you missed the 'As Is' sign and couldn't return the ...

You Already Know How to Trade! (Supermarket Deals)

Snakes and Dragons. Sounds dangerous! I hope you never have to use them again.

You Already Know How to Trade! (Supermarket Deals)

Here is my thought process on something a little more current. Two good Daily price structure moves up complete with pullbacks after HH and HLs within the larger Weekly structure. image The Daily pullback is right to my firesale S/R. image The ...

You Already Know How to Trade! (Supermarket Deals)

When you can find the answers to your questions before they happen is when trading is the most fun and lucrative. I only post these hindsight charts as good examples so that some may study them and learn. Live trading is dynamic. My hope is that my ...

You Already Know How to Trade! (Supermarket Deals)

What if we ignored all that juicy historical price data? Would we ever know when something went on sale? That would put us at the complete mercy of the market. Have you ever tried to buy an apple in midsummer? Not only are they expensive they don't ...

You Already Know How to Trade! (Supermarket Deals)

I am seeing that as a possibility(1.3080). But I am looking for at least 1.32 coming soon after that. Maybe not right away but... image

Cable Update (GBPUSD)

Nice entries. Good job.

EURUSD only

Seems to me today's downward movement is very close to being over. Oh, how I want to take my profit and wait until tomorrow... Perhaps I will. Yeah, I am out for the day. Took 30 pips on the trade. Not bad.

EURUSD only

If you observe this chart long enough you may find the relationship between price and the S/R levels that I have chosen. It took me more than 10years of charting to find. Yes this is an after the fact chart and looks cherry-picked. I assure you the ...

You Already Know How to Trade! (Supermarket Deals)

I haven't gotten rid of my short yet. I recalibrated it when the spike went to .1100. I will become a buyer around .1020 and .1000. If this flips around and makes new highs I will rethink my buying strategy.

EURUSD only

If you are lacking experience in a market you will need practice finding the best deals you can. Nobody that I know of walks into a Flea Market their first time and gets the find of the century. It takes time and experience. Thankfully we are given ...

You Already Know How to Trade! (Supermarket Deals)

To take the supermarket analogy a step further we can explore the idea of price cycles. Every product has cycles in its price. For produce, the variability in its price is directly tied to its availability. As availability increases price decreases ...

You Already Know How to Trade! (Supermarket Deals)

Great job!

EURUSD only

image [/quote] If it turns here .2950 seems a pretty decent/safe target.

Cable Update (GBPUSD)