Please see explanation below. I also closed all my positions before market close. Thank You. That's one way to look at it, supported by the below chart, notice how the two previous weeks closed below 1.20000: image Plus: Price near near daily high ...

LAST (Long term Analysis - Short term Trading)

Your idea about correlated currency pairs behaviour at S/R is a fact. The tricky part is that they usually act at the same time which leads to late entry.

Need Best Support and Resistance Indicator

Some might ask : why you took short trades on EU above DO in the late session ? I will leave that to you guys to answer.

LAST (Long term Analysis - Short term Trading)

Things will get clearer as we move on. The quick answer is : Entries and Exits are driven by price action along the general guide lines.

LAST (Long term Analysis - Short term Trading)

Hey J., Welcome aboard my dear friend. I am sure you have so many great ideas to share. All the best, Khalil

LAST (Long term Analysis - Short term Trading)

Today ended with 1,8% which is acceptable for a Friday. image Month is Up 135%, Week 32%. image I will remove the trade explorer for now, and post daily/weekly results. I shared this as a way to show that trading can be profitable, and that ...

LAST (Long term Analysis - Short term Trading)

Today so far. image As I mentioned earlier today, I trade with low leverage on Fridays.

LAST (Long term Analysis - Short term Trading)

image I hope you got the idea. More on this later.

LAST (Long term Analysis - Short term Trading)

M5, M15, H1.

LAST (Long term Analysis - Short term Trading)

image

LAST (Long term Analysis - Short term Trading)

UJ rejected at DO.

LAST (Long term Analysis - Short term Trading)

Follow and hopefully you'll understand. As I mentioned, this system does not have not strict rules. It requires good screen time, until you feel you are in rhythm with the market. url

LAST (Long term Analysis - Short term Trading)

Now at NY open, we watch PA and see if it will be maintain its position above/below DO, or reverse.

LAST (Long term Analysis - Short term Trading)

You can see the trades in the attached trade explorer, as it will be difficult to post each trade. I will try to post trade charts to explain the system. This is not a mechanical system, otherwise I would have rap it into an EA and gave it to you. ...

LAST (Long term Analysis - Short term Trading)

The system uses no indicators except candle sticks and volume. I just added stochastic indicator for new traders to understand were the trade was taken, but when I took the trade I didn't use stoch or any other indicator, only price action and the ...

LAST (Long term Analysis - Short term Trading)

Its OK, you can trade any pair that your are comfortable with. But lately (Brexit) I avoided GBP pairs as much as possible, due to uncertainty. It is important that your transaction cost (spread, commission, slippage) is at minimum because this ...

LAST (Long term Analysis - Short term Trading)

Good Friday my friends. I don't like trading on Fridays, being end of week where weekly traders adjust their positions. So we'll do it with cation (low leverage). I woke up late today as Friday is our off-day in middle east. This was the first trade ...

LAST (Long term Analysis - Short term Trading)

PA : Price Action.

LAST (Long term Analysis - Short term Trading)

Basics Define bias on daily basis Consider pair as well as underlying currencies Long above daily open, Short below daily open Buy pullbacks, Sell rallies Quick in - Quick Out, for repetitive small gains Suggested daily target 5% to 10%

LAST (Long term Analysis - Short term Trading)

Preferred Broker : ECN Low Spread and Low Commission. Allows Scalping Preferred Instruments : EURUSD XAUUSD (Gold) USDJPY GBPUSD Other with caution Preferred Sessions: London Open to London Close Trading Software: MT4 (for now )

LAST (Long term Analysis - Short term Trading)