Pullback on the 15 minute and short again.

Trading is supply and demand

Guys you see, everything in the big time frames was overbought, even with the spike to over 1.247 it came falling like a ton of bricks. Would have been a big payday if I shorted that again!

Trading is supply and demand

Took profit, working on a short entry. Profit factor just went from a 400 to over 500

Trading is supply and demand

Up $7000, took profit at 1.24430. Could of stayed in for another $7000.

Trading is supply and demand

Dude you are getting it!

Trading is supply and demand

I use tradestation, wouldn't know how on Metatrader. It isn't necessary though

Trading is supply and demand

There is a high probability that by tomorrow we go under 1.24. "Quote me" we will see.

Trading is supply and demand

I would wait to we close this month. Then decide what the EURUSD will be doing.

Trading is supply and demand

look at the daily chart on your charts, looks overbought already. I would say still take shorts for quick profits. Look at the monthly chart you posted and go back to 1 Jan 2010, look at what happened even as the monthly was oversold. Now look at ...

Trading is supply and demand

Hey smash point me to your system I am intrigued. I want to compare.

Trading is supply and demand

My original point was that I found my method of trading and it should be unique for each one of us. When you focus on demand and supply who gives a shiXXT about what news is coming up tomorrow or what geopolitical stuff is happening. On another ...

Trading is supply and demand

Now notice how we are at a decisive moment. EURUSD has bounced off the 1.22 level since 2008 three times already and this is the 4th try. I don't think we are going to break it considering there is no supply starting to show (monthly oscillator is ...

Trading is supply and demand

when your large time frames like the monthly are overbought or oversold you will have consolidation usually. Now overbought or oversold situations in large time frames like the monthly also represent change in trend "coming soon". You will get ...

Trading is supply and demand

I use multiple time frames. What time frames you use doesn't really matter, just don't make them to small because small times don't reflect supply and demand. 15 minute charts are the lowest you should use. So say you do go with a 15 minute chart. I ...

Trading is supply and demand

That chart is a 4hr chart, enter short and exit when it becomes oversold. Wait for the pullback of the oscillator and if price reacts weakly to a pullback of the oscillator enter short again.

Trading is supply and demand

Notice how it would be difficult to judge when to enter a short trade considering not all the oscillations get a high. Say you are trading that 4 hour chart you have there. You notice that the oscillator is becoming overbought so you get ready to ...

Trading is supply and demand

You don't even have to wait for the cross. Notice how bullish the stochastic was yet price didn't react the same way, NO DEMAND. When you enter the trade just make sure a time frame that is 4 times bigger is still going down.

Trading is supply and demand

Exits, I just take money as I go. Technically I have left a lot of money on the table for not sticking to the trend. Even though I have like 60 trades on that report I could have made a lot more money with 3 trades just by sticking to the trend. ...

Trading is supply and demand

My point sir is, you don't learn by following other people's system. You do that you will loose eventually. The name of the game is finding weaknesses in supply or demand. Learn to loose/don't give up and you will find your own style. I have ...

Trading is supply and demand

You could avoid trading news or trade based on higher time frames. I can't remember the last time I followed news reports, frankly I am too busy to care about news so I trade based higher time frames. The results are based on not caring what news or ...

Trading is supply and demand