Hi my dear fellow trader,
EURUSD is the most popular pair to trade in the forex market, so I decided i would publish a simple idea about that pair.
Now, my time frames are weekly, daily, 1 hour and 15 minutes.
On each time frame i plot both horizontal and vertical support and resistance levels.
Based on if a res. og sup. zone breaks or hold, I do my trades.
Some might even say that if a zone holds, its a swing failure, and that might be just it.
If for example a wick is outside a hold, but the closing of a candle is inside the zone, well, then very often, the zone is respected.
I am not a big fan of giving out direction, because i have no control over the market, and most of the time I just follow the market wherever it takes me.
To publish ideas is well and good, but for me, I just look at the charts, and I place my orders, and I see what happens next... If I am wrong, I am wrong, If I am right, I am right. And i right the analysis and the results into my journal.
Now, I would like to recommend to look at the time frames weekly, daily, hourly and 15 minutes, to get a grasp of the marked.
EURUSD is the most popular pair to trade in the forex market, so I decided i would publish a simple idea about that pair.
Now, my time frames are weekly, daily, 1 hour and 15 minutes.
On each time frame i plot both horizontal and vertical support and resistance levels.
Based on if a res. og sup. zone breaks or hold, I do my trades.
Some might even say that if a zone holds, its a swing failure, and that might be just it.
If for example a wick is outside a hold, but the closing of a candle is inside the zone, well, then very often, the zone is respected.
I am not a big fan of giving out direction, because i have no control over the market, and most of the time I just follow the market wherever it takes me.
To publish ideas is well and good, but for me, I just look at the charts, and I place my orders, and I see what happens next... If I am wrong, I am wrong, If I am right, I am right. And i right the analysis and the results into my journal.
Now, I would like to recommend to look at the time frames weekly, daily, hourly and 15 minutes, to get a grasp of the marked.