Good Monday Morning Traders, Price found support and pushed off...approaching support again at the time of this post. Will see if more buyers are present to go higher...or whatever the market says. Take care, FX4Newbies
Hello again Traders, When I began this thread in June of this year, it was my intention to share my analysis using the Pitchfork as well as my trades. Well, the analysis side took on a life of its own and I did not post as many trades. For the coming year, I have decided that the best way for those interested in seeing the outcome of the trades, was for me to set up an account with MT Intelligence. The attachment will show the details. I will also use this account as an example to help traders who may be starting with what is the usual minimum account size of about $250.00 USD. I will trade/manage this account in phases: Phase 1: Trade 1 mini-lot, which would be about 10% of the equity. Daily Profit Target: 20 pip minimum. Once the account has doubled, we will enter Phase 2. I will begin trading this account after the New Year. I think it will be an exciting journey...at least for me . Take care, FX4Newbies NOTE: The trades may not be published immediately after I place the trade, but will be available for viewing some time thereafter.
Hello again, Price at WL1 finding resistance. Needs to find support and more buyers to go higher. Take care, FX4Newbies P.S. Hope you enjoyed the holidays. Weekly chart wrap-ups will be posted on the blog late tomorrow.
Good Morning Traders, Well, thus far, the EU had been showing sings of weakness. Found support at L-MLH of teal green fork. Will have to see if it can hold. Red arrow shows area to watch. Don't presume, just let the market confirm. Take care and all the best for the New Year. FX4Newbies
EU is now battling with some resistance. FOMC Minutes later today. ML intersection above. Price still in uptrend territory. Let price confirm which way. FX4Newbies
Price did not make the ML intersection and could not hold above blue HL marking area of resistance. From there it went south. Updated chart attached. FX4Newbies
Price continued to fall and is bouncing off of the red ML on the chart above. An ML entry is always tricky because of the conflicting possibilities. Trade your edge or use a shorter time-frame for quick trades if you must click . Take care, FX4Newbies
Good Morning to all, EU has been trickling downward. Approaching support. Just let price lead. Take care, FX4Newbies