Goldmine!

Just letting you know that the weekly wrap-ups are now posted on the blog, Pitchfork Goldmine. If you have not yet taken the poll, please consider doing so...just one question: would help greatly.

Thanks,

FX4Newbies
 
Just taking inventory...+213 Pips on the signals sent thus far for the month. Chart and signal details on the blog under the Signals category.

Take care,

FX4Newbies
 
Good Morning traders,

Chart shows how price behaved since the market opened yesterday. Price moved up to the first green WL and is falling at the time of this post. Will have to take this one as it comes.

Take care,

FX4Newbies
 

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Price has been making lower highs...and lower lows. Lower lows more pronounced on M15. Trade what you see. News to come.

FX4Newbies
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Hello Traders,

Here is my view of the EU at the moment. Red arrow shows the candle that started the fallout. Notice where it happened to be...hmm.

Drew in green "What-if" fork as price has not yet confirmed convincingly an upward burst. Let's see what price will do today, if anything.

Take care,

FX4Newbies

P.S. Tomorrow is Thanksgiving Day in the U.S. Big holiday.
 

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Has anyone noticed the big runs in price that seem to occur just before or after a major holiday in the U.S.? Just look at this week and the last holiday a few weeks ago? Were they by chance or scheduled (planned and timed)? Mmm...

Everything in trading is tied to life in the real world. Trading is just a mirror of it. Currencies are that mirror for those who trade FX. We need to see price action in that context. Then things can begin to make a little more trading sense. If you ignore context (current price action in relation to previous price behaviour) even in your technical analysis, you will find yourself being stopped out quite a bit. Train yourself to pay attention to the whole picture.

Take care,

FX4Newbies

P.S. Happy Thanksgiving (Turkey Day) to U.S. traders.
 
Quote from FX4Newbies:

Hello Traders,

Here is my view of the EU at the moment. Red arrow shows the candle that started the fallout. Notice where it happened to be...hmm.

Drew in green "What-if" fork as price has not yet confirmed convincingly an upward burst. Let's see what price will do today, if anything.

Take care,

FX4Newbies

P.S. Tomorrow is Thanksgiving Day in the U.S. Big holiday.
More...

Well traders,

Just posting a follow-up chart. Price did not do much of anything...stayed within the green "What-If" fork (except for a quick pop once). Lots of wash and rinses around the ML.

Be very careful those of you who feel as though you "must click".

FX4Newbies
 

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Price is still trading in what I want to now call the "Holiday Fork". Wonder if someone left their trading system on autopilot and went to enjoy the holiday weekend. No problem with it...just know that if that is the case, might not be an easy way to gain some pips. Nice touches on the fork though.

FX4Newbies
 

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Well...,

We got a break to the downside. Candles even seem to have some more "meat" to them. Hit L-MLH and WL intersection. Will have to get confirmation of next direction.

FX4Newbies
 

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