Looking at the EUR/USD hourly chart, we can see the highly impulsive bearish wave marked as X. Currently, we're looking to be in a corrective sequence, we've outlined a general structure of how we'd like to trade this market. We're only looking for shorts, and we'd like to short the pair at the 50% correction, matched up with a support&resistance zone. This type of trade is a clear with-the-trend trade, which means we'd be looking to trail out stops and will be following market momentum closely.
Hello Sam, I saw your demand zone from 11/08/14 and I have a question about it. Is it correct to draw a supply zone prior to the most recent price action, 11/21/14? I am learning price action from Sam Seiden online, and I would like to learn from the pros. If you know any website or book that can help me on my learning stage, it would be greatly appreciated. Thanks and have a nice day!
Nirupam_JyotiSaikia
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I am new to forex. Whatever I do market does just the opposite. Can you pl. suggest how and where can I train myself.
SamKent
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Yes, I work for investingacademy.co.uk, we offer a complete education from the ground up to becoming a consistent, methodical and successful trader.
I would say in general, invest in your education prior to investing in the markets, the biggest mistake most retail traders make is not treating their trading as a business. You need to have the mindset of a trading business, such as a bank, which would never allocate risk capital to someone who has not been properly educated. Therefore, we at investingacademy.co.uk stress the importance of the education side of trading, which involves a heck of a lot more than just posting charts and trading signals.
Nirupam_JyotiSaikia
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Can u pl. share course details and fee.
SamKent
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Hi Nirupam, if you want to know more about our educational services, please go to our website (investingacademy.co.uk/en/course/advanced-course/) and leave your phone number there. One of our representatives will phone you and give you all of our info as well as get an idea of which of our services can best accommodate your needs.