About mei past most terrible time with my forex experience 5 years of a non stop financial degradation till the moment that show me ( and some net trader) that trading is a simple and statistics work this learn me to keep things simple as possible and trading on
reason to set a trade:
day chart down
sentiment down
good chinese data , recovery of commodity sector
sl : start of the day candle
tp : before next support level
close the trade if day candle show no steady down turn
important level resistance around 1.02317
next target resistance close 1.02317 high ratio 1.30
resons : to open
above 200ema, strong sentiment continuation of direction
resons to close:
not make new high previos candle
or candle paterns show weak move.
tp: next resistance
sl: weak low
next target resistance close 1.5421 high ratio 1.32
resons : to open
above 200ema, strong sentiment continuation of direction
resons to close:
stay 2 days around next resistance (0.7392)
or candle paterns show weak move.
tp: next resistance
sl:day low
next target 12.10.2015 high ratio 1.40
resons : to open
above 200ema, strong sentiment
resons to close:
stay 2 days around next resistance (0.7392)
or candle paterns show weak move.