Trading Forex
- Thread starter padutrader
- Start date
Love your thread.
I see you trade the 5 minute chart. What is your thoughts on trading the 1 minute chart?
I see you trade the 5 minute chart. What is your thoughts on trading the 1 minute chart?
been in a range all week.....that will not change so abruptly....so I do not think long is an option
none I like 5 min
I did trade it for a few days....lost 90% of my account
that does not mean anything since I blew about 500 live accounts in 5 min
Thanks padutrader,
It means alot.
Yes, I notice Al Brooks uses 5 minute as well.
I use 3 minute chart.
I do not see any scope for long..
however the top is very unstable it is too emotional trading that is going on.
there are a few trend lines that it has to test or at least flatten before any sustainable up trend can start
there is lot of space under in blue that worries me for bulls
but we need entry and I see none...
sensible to wait for a second entry or lower high
but All KAMAKAZI TRADERS MAY GEAR UP
but @maxinger has denied me that option so by his orders I am disqualified
however the top is very unstable it is too emotional trading that is going on.
there are a few trend lines that it has to test or at least flatten before any sustainable up trend can start
there is lot of space under in blue that worries me for bulls
but we need entry and I see none...
sensible to wait for a second entry or lower high
but All KAMAKAZI TRADERS MAY GEAR UP
but @maxinger has denied me that option so by his orders I am disqualified
because this is not VegasWhy didn't I jump in...?
Price slowed and look at the daily - major Resistance...
It is my friend...!!
be carefulWhy didn't I jump in...?
Price slowed and look at the daily - major Resistance...
the news is very bad for usd so expect some euro upmoves which will do 3 things, trap the bears, pull in more late longs and give them time to sell to a lot of news followers...the news is too obvious
I think short can wait and long is too obvious...
this move is news driven so it is not going to drop like a stone....
only after distribution will it do so...... if not the drop will not benefit them
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