Hello to all watching my charts
In my favorite pair EURUSD you are able to learn seomthing today
if you want.
This is (as i think) a very important message:
Dont trade what SHOULD happen,
only trade what really happen and what you see in the chart.
As i brought you this yesterday here in my trading room
i had marked support lines (maybe you remember)
which COULD have been support in the future
Thats a COULD szenario.
What has happens yesterday is that the pair have been
in a strong down channel Short .
If you trade the reality (short channel) you are still in the short
position which you are fine.
If you have traded the "could" szenario : than you started a Long trade
and you are now in bad position.
EURUSD maybe ... will find support at these 1.1220 level
but the Pair is STILL in the short channel
with no break out here till now.
Maybe the breakout will come reality , but IF than its enough time to go long.
No now.
So important is:
Channels are much stronger than resistance and support
lines.
Why ?
Cause the a pair /or the index / in the channel have been the "channel time"
so long as i called it to move in one direction.
And to go in the opposite direction is much more difficult
than to stay and go on in same direction.
Thats my experience in more than 20 years of trading.
So stay short until the pair go out of the channel
Good trades
Renkotrade
In my favorite pair EURUSD you are able to learn seomthing today
if you want.
This is (as i think) a very important message:
Dont trade what SHOULD happen,
only trade what really happen and what you see in the chart.
As i brought you this yesterday here in my trading room
i had marked support lines (maybe you remember)
which COULD have been support in the future
Thats a COULD szenario.
What has happens yesterday is that the pair have been
in a strong down channel Short .
If you trade the reality (short channel) you are still in the short
position which you are fine.
If you have traded the "could" szenario : than you started a Long trade
and you are now in bad position.
EURUSD maybe ... will find support at these 1.1220 level
but the Pair is STILL in the short channel
with no break out here till now.
Maybe the breakout will come reality , but IF than its enough time to go long.
No now.
So important is:
Channels are much stronger than resistance and support
lines.
Why ?
Cause the a pair /or the index / in the channel have been the "channel time"
so long as i called it to move in one direction.
And to go in the opposite direction is much more difficult
than to stay and go on in same direction.
Thats my experience in more than 20 years of trading.
So stay short until the pair go out of the channel
Good trades
Renkotrade
