Assuming you are a discretionary trader you are ‘the edge’. Another advantage of a mentor that shows actual results (rather than all of the made up hindsight stuff many publish) is that you can quickly see if the approach is viable. You can cut the wasted years looking for secret sauce...
This answer is fine if you want to learn ‘technical analysis’ or more specifically candlestick charting but not if you want to learn to trade. Your not going to learn golf from a guy who makes golf clubs or a better analogy a guy who sells golf clubs. Learning enough technical analysis to trade...
All time highs hmmm where was it trading about 6 months ago? Where was it trading Oct 07? Where was it trading Oct 80. Hell where was it trading a month ago. Where is it trading now? Which is highest?
I just don't see what you are seeing to be honest. So its gone up for the last 10 days or...
Are you still in Woking? Are you managing to stand strong generally, I seem to remember saying that you where getting support for your style after the early pressure to 'trade more'. It's an interesting story and I like to hear about it as much as your trades. :)
Just to be clear no one is calling trades. This thread is about potential setups. I am pretty sure no one is giving trading advice, chances are that would be illegal and result in the very least a ban.
Even if people agree on the setup everyone will trade it differently according to their own...
To be honest I'd try to work out exactly what you are doing differently or is different and try and correct it. Of course you could start again but that almost certainly will be a much longer journey.
Update from the JPY chart I posted a week or so ago. Broken the up sloping trend line here and already made a good move down (I missed it).
It would have been a difficult trade as it did make 1 higher high after breaking the TL before dropping.
Only just having come to forex (from the indexes) I have been focusing mainly on JPY. Here is what I am looking at this morning. Seems like the guys who play this love there fibos. Personally I think they are 'self fullfilling' but it seems crazy not to keep an eye on them.
I still wonder if I...
Nice trade. Incidentally I had that line about 12 pips higher, no big deal in the greater scheme of things but as you pretty much nailed it to the tick. Might be because I squeezed an extra line in I guess. Just trying to improve my technique.:)