IN-XS wrote:Thank you for your quick reply Mightyone. I have a better understanding now, thank you. When it blasts through due to a large momo on the weekly chart, how do you know when you have reached the bottom or "fat cat"? I dont have a problem with entries, just with direction. I like to trade in one direction only, but get confused as to which way I should be trading. Is there any tips you could give me to help with choosing the right direction?
Again thank you for your help I find your help invaluable I just could not understand anything before now.
yeah, entering does not seem to be a big deal.
Entering in the right direction is a .......
Price reacher's got me.
Total fake out for longs, should have just listened to forcasters and went short. "EU going short" is everywhere.
The momo up, is in the wrong place but I would not KNOW until after the fact, then move CC a little and it looks totally different.
After 400 pips down we finally get a huge H1 candle, only to have it waylaid.
NOT good, need guidance.
Total lack of understanding leads to trading P/L.