Yes it was a strong downtrend on the 1hr chart. What made me curious was why did it drop so fast yet found sudden support? That's when I backed up and looked at what was happening.

The concept of "trend" which I cannot grasp

Keep reading Carnegie, those indicators will disappear completely and he will explain why. Like I said, the thread progresses soo much in the first 200 pages but you've gotta read them in order. Lol

The concept of "trend" which I cannot grasp

Hey Carnegie, did you get a chance to read over that thread I posted yet?

The concept of "trend" which I cannot grasp

Lol. How do you know I have 1-3 years? Bc my profile said so? How do you know he has 30 years experience, bc you believe one post in forum? Ok so you've got 30 years experience then you post in a rookie forum asking if your plan is risky by putting ...

Is my strategy risky?

Great advice in the Rookie Discussion forum.

The concept of "trend" which I cannot grasp

Holy balls, no! Odds are too much against you. With a veteran winning percentage you won't last more than a few 100k trades.

Is my strategy risky?

I like your explanation Dan. We can't know when a trend starts for sure but the more time frames that support a trend, the more odds are on our side. Now the very start of a 'trend'.. I like to keep it basic with a daily or 4 hour chart but if ...

The concept of "trend" which I cannot grasp

Its crazy risky dude. Make those 3 trades count! lol Risk 2% MAX. Slow and steady. Go for win %, then the pips will come. I'm coming from experience.

Is my strategy risky?

Idk about the gaps thing. I think the forex market is too liquid to have gaps on major charts where no one would exchage at all at that price. There are people going for tiny profits and institutions going for bigger profits. In your last example, ...

When everybody is buying, Who is then Selling?

So that means we need to think ahead of the crowd then James. Let's take the current state of that EUR/USD chart. No hindsight so let's try our best to predict (best odds of) future price action.. (remember im a noob also so pls never play real ...

The concept of "trend" which I cannot grasp

Here's a perfect thread for you by a great teacher: url I'm still learning so it's hard to explain but read at least the first 200 pages in order. That's how I became a trend finder. It really helps in idetifying trends and will open your mind. ...

The concept of "trend" which I cannot grasp

It really helps to know indicators such as the almighty MaCD for and extra tool in ur toolbox to help spot divergences but never use it as just a signal for going long or short, IMO. First of all, I zoomed out a little and used the 2hr chart so I ...

The concept of "trend" which I cannot grasp

No problem, thanks for the questions. Remember, I'm still a student and I'm learning as we go so take my TA w/ salt. When studying MACD you'll read about "lower-highs in MACD, higher-highs in PA = down divergence".. but studying the LOWER-lows of ...

The concept of "trend" which I cannot grasp

I have to agree. I'm still learning and trying to think ahead of the crowd then hit that sweet spot in a trend is much harder than it seems. I'm going to take a shot though. lol First pic on daily to clarify where your long trade would have failed, ...

The concept of "trend" which I cannot grasp

The 1-2-3 is all around you.. Check out higher TFs as to check if you're in a bigger trend like this one. Any TF above the hourly shows it was def. a falling knife.

The concept of "trend" which I cannot grasp