Phol, Thanks! Wish you good luck in your trades as well... Charly, I only trade EURUSD (wrote about it in my first post of this thread), that's why never mention which pair.
Analyzing short now and came to the following conclusion: I took it off trendlines thats why got a bit earlier, but it was an obvious no-brainer (classic triangle) from all other analytical views as well... Moral: triangles are often ATM. I got hit earlier today on a first triangle BO, but this one more than paid off...
guys I was in tick charts but if you just used the 5 min and a simple T/L + the most basic S&R you g ot it big - even if you missed the top/start top and btm
yoohoo, That's exactly what I used (and it's base of my methodology at all). 5min charts, trendlines and S/R...
More fine entries is what I'm just learning and what yoohoo just described is my bread and butter (price and various S/R including trendlines).
Yip, we try to refine that so whatever the market we can trade but 5 min is the fallback - that's why we start with 4 simple timeframes and 5 is the lowest until those relationships are understood
Yea, thats my "stable" level which BTW still has a lot more potential if consider bigger picture (what I'm learning to do)... But finer entries which then include mentioned above, that is the real art I want to grasp...
####################################### Have a look at QUOTETRACKER as well. Heard lots of good comments about it and the basic version is free btw.
btw WMA @ 26 yea you surprised me that you missed the PP long before the short but you got the vital one