So, the "Double" concept, or in other words the Confirmations of our signals. In order to understand how to confirm a trade, we need to study and understand the anatomy of a breakout, because what we are doing is Buy or Sell after a breakout (a ...

The Buy Low and Sell High System, the best way to make money

Exactly, it is important to not just jump-in, but you must instead watch carefully for some "pattern" that indicate that the momentum is finishing. To get back to the previous post, the "Knife" or "exhaustion" bars are a good one, but i'm going to ...

The Buy Low and Sell High System, the best way to make money

You are right, i still haven't covered the "Double" concept, that is in fact a very important part of the whole system. Anyway, this thread is opened from a few hours, if i write all together in just 1 post all together there would be so much ...

The Buy Low and Sell High System, the best way to make money

Gbpusd current week.

The Buy Low and Sell High System, the best way to make money

Yes, there is something to consider and is that with is a high on a 5min chart may still be a very low on a 4h chart, you what i mean. So, it is very important to first of all consider the big picture, and when we have a signal on the big picture, ...

The Buy Low and Sell High System, the best way to make money

Yes you see in my "trend trading" example where i did write "Take profits here or let it run", that is we never know if when price get back to the Top/Bottom during a trend is going to continue in that direction (the trend continuation breakout) or ...

The Buy Low and Sell High System, the best way to make money

Yes that is why i don't like the idea of Buy High and Sell Low (as Jmn5611 has suggested), below an image of what can (and most of the time do) happen! The Buy High approach was and is used mostly in the equity and stock markets, like the S&P500, ...

The Buy Low and Sell High System, the best way to make money

The trend, Buy Low during a downtrend or Sell High during an uptrend can be very dangerous, that is why you must keep an eye on the trend (if there is any), and avoid go against it. Said this, statistically 75% of the time the market is trendless, ...

The Buy Low and Sell High System, the best way to make money

Thank you Mingary! So, Low can be considered anything below a certain previous Low on the chart, and High can be considered anything above a certain previous High on the chart. Below another image with some coloured arrows (the Red arrow is for ...

The Buy Low and Sell High System, the best way to make money

I'm not sure that i understood your point but.. thank you

The Buy Low and Sell High System, the best way to make money

** Important ** : Well, if you have read carefully and have understood deeply the first post, you have also understood why the best way to make money is by sticking to the main basic truth of make money in trading, and this truth is Buy Low, Sell ...

The Buy Low and Sell High System, the best way to make money

Yeah that's a good question, the only way to make money is buy lower then you sell, so if you buy high and sell higher you are still buying lower then you sell, you are still buying low compared to your sell. However i see your point, like in a ...

The Buy Low and Sell High System, the best way to make money

Yes i see your point, naturally the market was (is?) going to test 1.2760 area again, however the news of this week are really giving hard times to the market plans, so such plans may change. If that's the case (as i think can be), the market will ...

EURUSD

So... To summarize: Usd: Economy getting better and better (as per official datas), FED stopped QE, rate hiking coming soon. Eur: Economy getting worste and worste, ECB doing QE and looking to make more, deflation, measures being taken to combat it. ...

EURUSD

sell high opportunity?

Trading opportunities

I think your analysis make sense, however keep an eye on yesterday highs, as they MAY provide enough sellers to initiate a new bigger downleg.

USD/CAD

one more

Trading opportunities

A lot of usd weakness on the board, aud seems to keep low but it's a kind of battle, the break of yesterday lows may bring a fresh wave of sellers though, stops at be and let's see if we can make it. Anybody in? Update: Out around yesterday lows, 33 ...

Trading opportunities