Still have bullish sentiment for this weak, but just like in the beginning of last weak price is too high to go long. I would like to see some favourable PA or distriution phase to go short, obviously 3080 is the first level of resistance to keep in ...

Trading EURUSD only

Bear inability to make a new or matching low after test of 2801 and lack of action from bears at 2875-2885 makes me think that longer term sentiment might have changed. Still, atm the most common perception of the price is probably overbought... ...

Trading EURUSD only

Both channels are up and price closed outside of them, so it was a potential buy setting up.

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usdcad

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Would you consider this a valid short entry? Daily channel was down and there was a trend shift above midline.

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Well, you should, ... it only helps your chances to success, you don't need to take every trade possible. Besides, although, tmoney prefers to enter right at the breakout you may wait for pull back. Though you may need to put up shorter time frame ...

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Well, I read his his reasoning for writing the first book - he didn't like when someone is selling his ideas.. (especially trying to sell it to him) so.. he put trademarks on his ideas/indicators this way. I think he wrote 2nd book (he started to ...

Thomas DeMark: Help needed to explain a sentence

"][URL="http://en.wikipedia.org/wiki/Stochastic_oscillator"]

"Anti" pattern

I think so, but decide yourself: http://en.wikipedia.org/wiki/Thomas_DeMark

Thomas DeMark: Help needed to explain a sentence

Excellent threads don't need to last 500 pages.

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In this case you are trading past breakout which already succeeded and decent price movements happened after it.... it is somewhat different. At first I didn't even get what triggered your entry, but now I do. However now there comes have another ...

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Well, I was referring to the trade you missed... I agree that the trade you took was reasonable, logical and, besides, who is going to argue against success...?. What concerned me was the thing that I just didn't feel like it has anything to do with ...

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but... "We then take trades in a downtrend ABOVE the daily mid line and in a uptrend BELOW the daily mid line." Or rules are meant to violate them?

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I don't really get what triggers your entry. I see: downward channel (ok); supply area (ok); but that trend shift thing isn't clear to me. Well at least in examples you provided before I saw something else.

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It is not you who will decide what is "magic or important", but market. Besides, there is NO "magic or importance" behind 200 day simple moving average except so many people look at it and it amazingly often acts like support/resistance level. Why ...

Different views of the 200 day SMA?

I think these 2 following maxims pretty much sums up your trading main idea: "Trade with the trends, rather than trying to pick tops and bottoms." "In uptrends, buy the dips; in downtrends, sell bounces." What you basically did here is provided a ...

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