Recent content by Bohica

Correct that is why on the chart you wait until that candle closes after the huge pullback. If would have closed over that trendline it would have signaled a buy in my book.

I think that there are setups that are more profitable than others simply based on risk reward. The issue with setups is that they will never work 100% of time mainly because of the news. However, setups do work and I use several in my everday trading. One example is below, the ascending triangle.

@bedsit I agree with what you have to say. These guys are great at predicting what happened yesterday. Might as well call them historians. Do you think that by the of the week the EUR will overcome the over extension downward and start to come up? I bought at Yellow arrow thinking it will...

I think that an expert can also be determined by consistency. When you are a pro you are pro because you are doing the right thing everyday. I found a video of an expert doing live trading and it is pretty incredible to watch how easy he makes it look. I found it very helpful. Trading...

The biggest thing is locate strategies that fit your personality. You can get very technical or not so technical. Also, you need to decide if you are going for short term or long term. Most strategies fit any timeframe but you will need to decide what charts you will use. I keep my trading...