You are using argumentation of this type: horse has 4 legs and cow has 4 legs therefore horse = cow. The difference feels quite natural to me: the one who is buying the reversal believes that the trend will reverse (he aims to hold his trade open ...

Reversals vs. CounterTrend Trade

Here is how I see the difference: image

Reversals vs. CounterTrend Trade

Take a look at news calendar. It could be either ''Yes'' or ''No'' depending what you mean by smart money. Buy low, sell high. No, it is not.

How do you read PA?

My code? Do you even know what mt4gui is? url

MT4 GUI doesn't work since update

Yea, it know it works 509. Lucky that I still have one platform that isn't updated.

MT4 GUI doesn't work since update

Use it to my advantage.

How do you guys handle fakeouts?

Classical black on white + white on black+color candles daily

Best Color Schemes?

Search for overlaychart.mq4 indicator. I occasionally take a look at inverted charts, here is EURUSD. image

Trading EUR/USD and USD/EUR at the same Broker to inverse

Sometimes you need to take one step back in order to go two steps forward!

Why does price make a pullback after a break?

Here is a simple example. In EURUSD it is not clear why price reversed right there, but if you look at the USDINX it starts to make ''some'' sense. image This type of analysis can be used to your benefit, but tbh, it is not easy to successfully ...

Predicting the EUR/USD by using Currency Correlations

lol, we are on the same wavelength. image

EURUSD

Typical parabolic move. e.g. Take a look at AUDUSD on 11.12 and 11.19 and 12.11 - similar principles.

EUR and other currencies - recent move

1h is not saying buy to me.

USD/JPY Discussion

5min TF exhausted right now. Asks for some correction up. Big down candle cancels this.

AUD/USD

This is not really a trading system.

212 Candle Pattern

Very nice! Could you, please, post a screenshot of your account summary (trade count; average win/loss (pips); win%;account growth chart)? ..or at least activate trade explorer? It would make the story much more impressive and believable.

Trading from an Experienced and Successful FULL TIME Trader

.... and then it just starts going down. Jeseus. I sold 2 pips from top, but exited for mere +7.

USD/JPY Discussion

Last 4 hours makes me think that sentiment is up. Intraday upside potential is way bigger.

USD/JPY Discussion

I see you metion cot. Apparently we are working on different TFs. Bye.

EURUSD