Terribly sorry for the belated reply with regards to your question about my S/L placement. Effectively, I saw it as a level at which I would no longer sell into the market, since it broke a resistance level that I had expected to hold. In hindsight, ...

Analyse my trade (GBPJPY Short) - was my logic good?

Personally, I'd be tempted to say that it is price alone that determines a trend. For example, consider the following chart (GBP/USD, Daily): image Here, I'd argue that a downtrend began, following the peak circled. However, there is no linear ...

Do trendline breaks really have any significance?

So concepts like momentum are not actually applicable to price? I find that hard to accept, given how many people talk about it.

Does it make sense to think of price movement in this way?

Thanks again for your help - I never realised that the Yen was considered a safe haven currency . As a final question, how do you try to avoid going against sentiment, in this way? Do you simply check an economic calendar, check certain ...

Analyse my trade (GBPJPY Short) - was my logic good?

Thanks for your input. Regarding your advice on Marubozu candles - why do you believe that the candle following a Marubozu is likely to be a retracement of it? I completely understand the logic that 'the market may be overextended after a Marubozu, ...

Analyse my trade (GBPJPY Short) - was my logic good?

Apologies for bringing up an old post, but would you mind explaining why sentiment is a more important consideration when trading Yen pairs? It's rarely a factor that I pay much attention to - I usually keep my analysis strictly technical.

Analyse my trade (GBPJPY Short) - was my logic good?

Alternatively, I understand that the gradient of a straight line between 2 points is equal to the average gradient of price between these points. By this logic, we may assume that deviation from the trendline implies a change in the average gradient ...

Do trendline breaks really have any significance?

My sentiment exactly. I had to google him 😁. As someone who bases trades almost entirely on technicals, I rarely pay attention to things like that. Perhaps I should though, to avoid trading around such events, in the interest of avoiding being ...

Analyse my trade (GBPJPY Short) - was my logic good?

Am I not correct in employing the logic that: Doji --> indecision between buyers and sellers about price level --> possibility of current trend ending! and perhaps reversing?

Analyse my trade (GBPJPY Short) - was my logic good?

Thanks for the responses, but can anyone please be more critical of my analysis? Ultimately, I was stopped out by a considerable number of pips.

Analyse my trade (GBPJPY Short) - was my logic good?

Hopefully it's now sorted. Thanks. And I meant Marubozu

Analyse my trade (GBPJPY Short) - was my logic good?

I'm still struggling to understand your (significant) presence on this forum... Are you really just a 'good Samaritan', here to warn every one that they're wasting there time with trading, or are you just bitter about your own inadequacies?

I'm Broke :( :(

Do explain...?

Most valuauable books for understanding the logic of markets?

Not candlesticks, the book.

Most valuauable books for understanding the logic of markets?