Yes, if price is closing higher it is probably not going lower.
Yes, if you are offered 50 pips in 2 minutes you should probably take it
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It is just Space Wars mixed with a basic understanding of how to get the job done.
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Neo88 wrote: ...Thank you MO I understand the above I've been applying the same thing, only I trade long time frames my smallest is H4...
MightyOne wrote:I don't "KNOW" which way price is going to go; I position myself on long term pointy places and wait.
MightyOne wrote:Neo88 wrote: ...Thank you MO I understand the above I've been applying the same thing, only I trade long time frames my smallest is H4...
Large charts are by far the easiest to trade; if you look at the EU weekly chart, a long trade has been a cake walk!
I actually came to Kreslik to teach this crazy short term traders to trade long term, but somehow we intermixed and became hybrids
Now I believe that best way is to find balance between minor & major chart periods.
Neo88 wrote:MightyOne wrote:Neo88 wrote: ...Thank you MO I understand the above I've been applying the same thing, only I trade long time frames my smallest is H4...
Large charts are by far the easiest to trade; if you look at the EU weekly chart, a long trade has been a cake walk!
I actually came to Kreslik to teach this crazy short term traders to trade long term, but somehow we intermixed and became hybrids
Now I believe that best way is to find balance between minor & major chart periods.
I have to ask did you have a position prior to the close of that weekly candle in chart; where approximately ? (guessing 2010 or 2005 lows)