Mofu basicly is an area of importance. I mark mofu area´s myself when for example weekly/monthly/daily pivots are clustered in that area.

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Long on bounce from either .4208 / .4202

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Why would it go down? More chance of QE3 due this bad number?

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Hmm yeah, was a small upspike at the start and somehow I managed to close it manually, thank god 0_o;

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Also if I put the TP on lets say fri daily pivot .42895? According to fxstreet: A first good upspike should be able to at least hit that pivot I would think, before the professional sellers are coming in. I'm just going to try it with a 0.01 lot but ...

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What do you think of opening a small position with a tight SL?

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Well yeh, last month wasn't the best trading environment ( at least for my system ) either. Too much ranging / indecision going on. Was my second month in Forex btw. September up to mid december seems to have a trending character according to a few ...

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Just out of positive curiosity.. No provoking intentions or whatsoever

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Yeah I closed my shorts at .4285. Not even thinking about going long now tho. I got a bunch of sell orders at .4230 myself. image

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How´s your account doing by now Rattyo ?

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Looking forward to it

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Holding on to my shorts, there's still more left I think. image

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Just broke an important TL, triggered some short orders. SL-BE

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See you

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Nice one

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Interesting.. I haven´t been getting myself into volume spread analysis just yet but I see possibilities of it fitting in my system as they are both aimed at being ahead of the crowd / finding causes for PA. Do you have any literature you can ...

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Hey thanks, I´ll get a more clear picture next time.. Did not had the time to higher resolution it. I don´t really use indicators except for 2 variants of RSI, MA200 and the Heart of Forex. The last one gives me ( in my case positive ) pair ...

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Kinda busy on making a system .doc. My system purely depends on price action / interaction around important key levels.. It's mostly used at breakouts so far. I'm still new to Forex ( trading for 5 weeks now ) and trying to progress by sticking to ...

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I'm quoting you again..Check my earlier picture on previous page. You usually don't want to trade huge in-consolidation at a key level until there's a clear breakout.. Unless you're an experienced scalper I suppose. I would suggest staying ...

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That's why I like morning trading.. Often mornings are trending, to eventually become ranging later that day. image

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