vio
Short

2015.05.28 15:30 EURUSD 5min PUT

FX:EURUSD   Euro / U.S. Dollar
Another trade that needs confirmation for entry. These days I found that for strong trend like this, should set up confirmation level. Whereas, for ranging periods, most of the signs indicating transition of power will work.
What do you recommend for confirmation?
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vio timwest
I tend to set confirmation level of the lowest price of an indecision candle. If the price is going down after a bullish trend, it will usually create lower lowest price of a candle (lower low you may call) and lower highest price of a candle (lower high). In this case, there was a good demonstration of candles creating lower lows and lower highs right before my entry.
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