Back to trading, thinking , learning process.. Did some trade in aud-jpy Thursday night , required some planning to enter the trade..which seems like worked out this time...target got hit too...did some thinking before placing target too..but was surprised to see target got hit.. and amazing that i may be the one last seller there...i took half off after some point though..
Analytical and logical thinking skills should be far better than average. Ability to find relations in maketbehaviour that most people don't even know they exist. So you should believe that markets are not random.
Definitely not random, hard to predict most of the time for sure. Money flow, trend and direction are key and staying out when none are available.
Too funny. That is price action. Do you seriously believe PA traders are not heavily trading trends? That's probably the majority bread and butter. If you define PA traders as people waiting for specific little candles of a certain type and ignoring all price/trend context before that - then that's a dumb definition of PA.
Might be how you define PA, but trust me most are after candle stick patterns and Fib levels ( BS ) and all sorts of other crap. PA is just such an open book, it's not worth saying, pretty much the answer to how to trade is always PA, but everyones opinion differs, so details are always better. Mainly the Guru's, who just say PA cause they haven't really got a clue LOL
Done for the day , or night... Aud - JPY again, breakout trade...pull back trade..jpy was strong ..was waiting for jpy to become weak...was following this from friday afternoon...
GBPAUD traded well aswell, wasn't in the mood totally missed it, 100pt move, covered my weekly target. I think your getting it
I see 100pt move I know when to jump on trade, but still will it go to my target..that's still to figure out..when when when...it moves a lot..and when dont move much... some times it will go so low..highly volatile and comes back up very quickly... while other times..just stays there for hours..