I had recently watched a video online where the strategy is simply marking out highs/lows and looking for price to pull back to previous zone before entering a position. I am currently working on both understanding the zone price is likely to pull back to as well as trading the current market direction. One of my weaknesses is thinking the market is going to...
Price had reached area of entry, now watching trade and moving SL/TP accordingly. (SL move only less to break even....Never move to accept larger loss)
Liking the setup for a long position in E/G. Have a fairly tight stop loss (25pips), in case she decides to walk with the bears. However, I think a clean break of the .89000 will open the door to the opportunity of the .90000 zone.
Just a quick(ish) video of marking up a charts support and resistance levels. I use the same process for each currency pair that I trade. I wish that I would had spent more time learning and perfecting this skill in the beginning as opposed to covering my chart in useless indicators. Constructive criticism and questions are encouraged and welcomed.
