Forex Trading Course Why not go the easier route
Some times making the right forex trade comes down to a simple choice.
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Hi Martin,
Good video, especially today as I really struggled to read what was going on this morning.
I couldn’t make up my mind this morning where the EUR or the GBP was going.
Is a 1,2,3 a must or can I (with experience) just have a 1,2, and use this info to make a dicision.
Did the move on the GBP start at the14.10 bar yesterday?
Regards
Steve
Ps
Paul, Good trade , nice one.
Hello Martin,
“give me a retrace anytime”. This I heard you saying over and over… This goes against the mental process that tells us we are losings something.
Today I’m telling myself a retrace back to an alert would be good, I’ll be expecting it, I will be looking for a retrace to strengthen and even add to my position. I have to tell my mind what to look for so that I reduce the stress of the market retrace. This goes right along with picking the clearer charts.
GBP 1-27
8:40 on a retrace reversal steady up move until 10:20&12:00 possible weakness from 1-26 1.6248 alert.
congestion in lower lane, JB down below FZ at 1.6208 I set up for sell here
15.30 I’m short on retrace, 1-2-3 pattern support with an alert popping out as well.
I EXPECT A RETRACE off 1.6176 HVT 60 min chart 1-26
I will tighten stops if the market doesn’t push through the 1.6176
I’ll wait and see how this develops and look for good trades,
John
Hi John
How do you think you read this overall?
Hi Steve
1,2,3, is a tool, IF you are reading the cycles then this is not as important. Keep in mind that all my training was and is to get you to read the cycles. The tools I present along the way are guides to reading the cycles.
Hi Martin,
In response to your question…”How do you think you read this overall? (GBP 1-27)
I think I read this market correctly based on my floating Zone settings… my Floating Zone setting where not correctly set; therefore, read the chart somewhat differently. As it turned out I read the reversal on the money at 1:40 bar 1.6134 (1-28) .
John
Hi John
I wanted to know how you felt about this, to me you did fine overall. Remember that we MAY not be 100% the same bar for bar how we analyse BUT as long as we arrive at the same cycle then this is what matters.