This chart is about Yesterday Market ( EUR/USD 30 Min, 02-08-2012) ...
After reading all what I typed on this chart, you will have 2 questions:
1- How can I know this area is important?
2- How can I know this level can be a support or a resistance?
About 2nd question I already explained in my Blog but the first one is a million dollar question. About this I will explain in future. U just need to focus on resistance and Support levels only for now.
I always mention few things: Proper breakout, confirmation, TP and SL.
People will say that I always mention confirmation only or breakout only but believe I still earned +140 pips just in EUR/USD using my own strategy. I didn't break my rules. I was patient. Yes there is a super big candle. Some will think of it but I suggest, don't ever try to climb a running bus but wait for its stop and proper stop. This is my strategy , maybe some will make fun and consider it is a stupid idea but for me it works very well alhamdolillah.
After reading all what I typed on this chart, you will have 2 questions:
1- How can I know this area is important?
2- How can I know this level can be a support or a resistance?
About 2nd question I already explained in my Blog but the first one is a million dollar question. About this I will explain in future. U just need to focus on resistance and Support levels only for now.
I always mention few things: Proper breakout, confirmation, TP and SL.
People will say that I always mention confirmation only or breakout only but believe I still earned +140 pips just in EUR/USD using my own strategy. I didn't break my rules. I was patient. Yes there is a super big candle. Some will think of it but I suggest, don't ever try to climb a running bus but wait for its stop and proper stop. This is my strategy , maybe some will make fun and consider it is a stupid idea but for me it works very well alhamdolillah.
