1.2301 is EUR/USD resistance.
Our trades based on Intraday - Daily reversion. Reversion level is Pivot level. Same time they are strong resistance or strong support. Resistance we do Sell, support we do Buy. Thees Entries are 2-7 pips accuracy. And Stops are 25 pips. Later after price moves 15 - 25 pips of Profit move Stops near Entry. Also we do trade follow broken Pivot. In this case I do make special note. It works just
If EUR/USD 1.2150 channel line will be broken it will go much more Short.
Now small reversion Long. In algforex.com we have level for Sell after small reversion.
At night we did adding EUR/USD Short1.2247 break lower.
EUR/USD very strong Trend Short.Price now can not reach regular technical levels of resistance.So Today we'll Sell at market.Also we have USD Consumer Confidence (JUN). "Sell at Market" it means you are using your own Indicators and Sell when you'll feel comfortable.But DO NOT BUY EUR/USD it would be very dangerous.
Since 1.2387 next EUR/USD Target 1.2167.
At night I'll Sell EUR/USD near 1.2321.Or just Sell at market EUR/USD without big worry.
Now FOREX is best money making machine.
In algforex.com new EUR/USD Update and level of adding is done.
We did adding near 1.2350. Next out Target 1.2217.
We did Sell 1.2387.In algforex.com we'll do one more adding.
Everybody did Sell EUR/USD 1.2387. Hold this Entry as much as you can.
I would take small amount of Profit. And move Stops near Entry.Target ...#1 ... 1.2321.
Next level of resistance 1.2387.
Our trades based on Intraday - Daily reversion. Reversion level is Pivot level. Same time they are strong resistance or strong support. Resistance we do Sell, support we do Buy. Thees Entries are 2-7 pips accuracy. And Stops are 25 pips. Later after price moves 15 - 25 pips of Profit move Stops near Entry. Also we do trade follow broken Pivot. In this case I do make special note. It works just
Next week I'll start Free teaching for algforex.com subscribers.
I'll give you some basics how to make safe Entries and when do not trade.Also how to keep trade in Main Trend and how to make extra money on reversions.This way you'll be more successful trader and on your own.If this channel will be broken higher, we'll see 1.2403.
We did Sell 1.2350 one more time with one pip accuracy.
Take 1/4 ... 100 pips of Profit and move Stops to Entry.Later I'll do adding EUR/USD Short near 1.2327 - 1.2355.Entry getting lower, because of Channel Trend Short.
Very simple: 2 weeks we did Trade EUR/USD Long for reversion, now this week we are Short.
We trade with 2 pip accuracy and on this Blog.If you did Sell EUR/USD near 1.2353 Take 1/2 ... 90 pips of Profit and Stops to Entry.
We'll Sell EUR/USD near 1.2353, but Stops to Entry as soon as possible.
Still very strong Trend to break higher.
We getting close to our today's Selling EUR/USD.
Level of Entry just in algforex.com.Also I'll add EUR/USD short when 1.2200 will be broken lower, but for this Trade Stops as soon as possible to Entry.
Since June 5, first time I see opportunity back to EUR/USD Short.
Weekly channel is broken Short.So, after some Daily reversion Long I'll Sell.Safe Entry just in algforex.com.On other Trading Station is good to Buy EUR/USD 1.2250 against a trend until our level for regular Sell.Stops to Entry as soon as possible.
FINDING THE PERFECT ENTRY
While finding the perfect entry is the fantasy of every trader. There is no such thing. It is pure myth. If you get an exact top/bottom it is more luck than science. We have many indicators to help us to do this, but finding a good entry point can still be a challenge.While there are no perfect entries; there have to be entries that put the odds of success in our favor
I think the secret to getting a good entry is the waiting. I get more profitable trades than losses because I am willing to allow the trade to come to me. As a trader I do more waiting than trading. Many people don't get that, but the secret to getting your best market entry is in the waiting.
Here are some things that might help. Mark Yesterdays support and resistance , if you are near yesterdays support when you enter the market and price is moving in a bullish fashion, there is a high percentage that you can take your trade long for a good ride. If you exceed yesterdays high and you get a reversal, then you are probably in for a sweet ride to the down side.
If you are at a midpoint, you might want to wait for a pullback or bounce for a better entry. If you have enough distance from your support or resistance, then most of the time you are safe to follow that short term trend. This works best on a non trending or slightly trending market. In a trending bull market, sometimes you will dip down to just below the high of the previous day all the way down to the low of the previous day before price continues on in it's bullish pursuits. In a trending bear market, price might rally above the previous day's close and in rarer occasions all the way to the high of the previous day before reversing.
Never buy near yesterday's top or sell near the bottom unless you are in steps. If You sell near the previous days top or buy near yesterdays bottom, you are much more likely to get a break even trade if the market doesn't do what you expect.
Here is a great link that will show you roughly what your pair is going to do hourly and daily. It also shows you the times that your pair is most active:
This is only a guide, compare it to your charts to see how accurate it is overall.
Guys, you can do this and play with the big dogs, but you must educate yourself and employ the kind of discipline that puts you in the winners circle.
YOU CAN DO THIS (^_^)
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No Trade. First day this month I do not see opportunity for Trading.
EUR/USD resistance 1.2453.When EUR/USD did break 1,2345 ... 7 pips we still in bigger EUR/USD Long.
BEFORE YOU TAKE THAT TRADE
STOP!!!!!!!!!!!! before you enter that trade:Did You see how far it was from yesterdays support or resistance?
Is it ascending or descending steps?
Did You draw Yourself a trend line?
Did You wait for a proper trade set-up?
Are You going in harmony with Your current trend?
If You are going against the trend, did You ask Yourself,
"How far am I from the trend line?"
"Is this signal strong enough to make it worth the risk?"
"How far along is this trend?"
"What is an appropriate stop if I am wrong?"
These are a few questions You may want to ask Yourself prior to entering a trade (^_^)
YOU CAN DO THIS (^_^)
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At night we did not buy EUR/USD. Today our priority since yesterday is to trade EUR/USD Short.
In algforex.com we'll Sell EUR/USD much more.
We everybody did Sell EUR/USD 1.2341. New people Stops near Entry.
Later at night we'll see some reversion Long from level "X", this level is our Target #1 for Short. It's just for algforex.com subscribers.
1.2341 came with 1 pip accuracy, but it doesn't mean nothing. Manage your Stops. Do not risk more like 2% of your account.
It's still some possibility that it will break higher.
Still wait reversion Long EUR/USD until 1.2341.
Next Signal just in algforex.com.Also I'll take about 300 pips from reversion EUR/USD Long since 1.2051.
DEMO ACCOUNT
I am always telling new traders to practice on their demo account until they become consistently profitable.
WHY?????
Because I have found that it is a way to program a success pattern in your mind. Your mind doesn't distinguish between a live and a demo account, however we do. Sometimes we allow emotions to interfere with the successful program that our mind is running once we get a live account.
We want trading to be so ingrained in us that it is almost instinct. Your demo gives you the opportunity to train your mind toward automatic success.
Your brain begins to recognize patterns of success as you practice on your live or demo account, it doesn't matter which one?.
As a trader, every time you enter the market, you take a risk.
YOU CAN NOT BE BE AFRAID OF RISK!
But you must make SMART, CALCULATED RISK in the market. Risk no more than 2% of your capital in a trade. 2% on the right side of the trade is more than enough to provide your with a very comfortable life style. 2% on the wrong side of the trade can also take you out. That is why smart calculated risk give you the biggest advantage in the market. When you don't over trade your account it gives you more control over your exit as opposed to being forced out of the trade by the market.
ENTER THE MARKET WHEN YOU CAN SEE A CLEAR ADVANTAGE!
Use your demo up, blow it up several times if that is what is necessary for you to gain an understanding of what is going on in the market.
Take your demo seriously. Practice your successes and it will help your mind begin to eliminate those habits that are counter productive to good trading. Practicing success in your demo translates into success in your live account.
YOU CAN DO THIS (^_^)
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It's good to take some 200 pips of Profit from last Update 1.2051 Long for reversion. Never Close Trade 100%.
Still do not Sell EUR/USD.Much later we'll see reversion Long from lower level, but this Signal just in algforex.com.
Do not Sell EUR/USD.
Today in algforex.com we did have EUR/USD reversion Long since 1.2051. After 20 - 30 pips of Profit Stops near Entry.
New Update coming in algforex.com
New people doing O.K.. They did Sell 1.2077. Moved Stops near Entry after some Profit 30-40 pips.
RUNNING PRICE
Many times when price is running like a mad train on steroids, it is very unsettling because all of your emotions are screaming for you to jump aboard. The problem with that is many time that same train that seduced you aboard will often abandon you at the station leaving you wondering what happened??????
One of the most difficult temptation to resist in trading is the urge and beckoning to follow running price. Running price will often leave you stuck at the top or abandoned at the bottom. When your eyes see price running, all of your emotions are screaming for you to jump aboard. DON'T DO IT! Many times it is a trap that will leave you licking your wounds. When you get off of the ground all scraped up, you still aren't sure what happened because you were in harmony with your trend. Many times price will speed up just before the critical end of that run.
Now if you are aboard a trend and price starts on super steroids x 20 then you might want to begin looking for the nearest exit point. It doesn't always happen like that, but I have seen it often enough that I never jump into running price, even though my emotions are still screaming for me to.
While I am looking at price accelerate, I am thinking "look at all of that money you missed, and you knew it was going to keep going" or thoughts like "crap you should have gotten in, you missed your chance." My Friend the market will give you another chance!
I would rather miss out on an iffy trade for a sure one any day. When things settle and I can see a clear advantage then I can enter the market with logic instead of emotions....
Study Your charts and learn the price rhythm of your currency pair or pairs
YOU CAN DO THIS (^_^)
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Now if EUR/USD will break 1.2077 ...27 pips higher we'll see bigger reversion.
Yesterday in algforex.com our prediction was that we'll see reversion from 1.1967 until 1.2077.I'll Sell 1.2077 smaller amount. For new people Stops 25 pips. If you are new, later take some 30-40 pips of Profit and move Stops near Entry.But never close Trade 100% if it is in Profit.Old Traders we trade EUR/USD Short long time we do not scare about reversions to much.We at support levels taking
We did Sell EUR/USD 1.1987. After some Profit, new people Stops near Entry.
This year is best life time opportunity to solve all your life financial problems.Also it's best time to make strong financial fundamental for your future. If you are 4 weeks fallow algforex.com you do not need Stops for now.You are in huge Profit. We just Selling EUR/USD and every week since January.
Now EUR/USD from 1.1912 will go Long for reversion.
So we still do not Sell.Level for Sell just in algforex.com.
Now we have 340 pips just since last week last Entry.
Every week I do start New Entry and forget last one.We selling EUR/USD since January, so you imagine how many open Entries we have per these 5 month.
LIKE FINE WINE
Like a fine wine the surety of a trend reversal gets better with time. The more a trend has aged, the more likely you are to get a valid reversal.The older a trend gets the more ripe it is for falling off, and the more likely a new more robust trend will take over. A trend that is young and vigorous maybe side tracked briefly, but is not very likely to be defeated. The end of the uptrend says that the last of the big buyers are gone and the end of a down trend says that the last of the big sellers are gone and that trend has now become ripe for a take over.
Think of a trend like a young lion protecting his pride, another lion is not likely to usurp his authority. As he gets older, he is much more likely to lose his pride in defeat to a younger more energetic lion. The same is true with a trend as it gets older it becomes much more likely to be taken over. When considering whether or not to take a reversal (especially in the short term) gauge the age of the trend first. If the trend has just begin then you are not likely to have a legitimate reversal on your hand. If the trend is still very close to the trend line then it is not likely to be a valid reversal.
There are no absolutes in the market, but you do need to keep an eye out for things that put the odds the most in your favor.
YOU CAN DO THIS (^_^)
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We got our Target #1 about 200 pips. Take 1/4 of Profit. Later looking for 100 pips more. But it is not end of this last Entry.
Today do not worry about USA Non Farm Payroll.Hold all our Entries as much as you can.Today no more new Entries.Do not subscribe today algforex.com. On Monday we'll do new Update and safe Entry.It's possible some reversion, but this Signal just for subscribers on Monday.Now FOREX is best money making machine.Remember - it is easier to ride the trend then to bet against it.This year we do Sell EUR
FEAR
How many times have you let the perfect trade pass you by? The trade that was screaming for you to take it, but fear kept you from pulling the trigger; then once you saw what a 'fat trade' it turned out to be; you beat yourself up.
Most of us have heard that classic acronym for Fear:
F-False
E-Evidence
A-Appearing
R-Real
There are a million ways to be successful in this market, but most people defeat their own success with fear. Fear is that paralyzing emotion that happens when you feel certain that you should pull the trigger, but can't.
As a trader, Fear can be an almost constant companion.........
How do you tame this beast??? What can be done about this monster that creeps into your psyche and holds you hostage????????
If you find yourself victim to this dreadful enemy. Stop trading your real money and paper/demo trade for a while. Make note of every trade and write down what is working most of the time. When you miss it, write down what happened and what you can do to improve your odds. This will take the discipline that most people lack, but it can be a big help. Also feed yourself new messages about your ability to succeed in this market. Read about others who are doing it and how they are getting this done.
A solid education will also help tweak and perfect your skills. The Market is an arena that is always offering you an opportunity to sharpen your skills. Learn, Learn, Learn.
Practice pulling the trigger on trades that are showing you a clear advantage and practice letting them ride into glorious profit. "Remember the shorter your time frame, the shorter your profit run will be...........
You have got to talk to yourself about who you are, (ex: "I am a super forex trader, making more money in the market than I can spend.") Don't keep feeding that demon that's telling you 'this won't work for you'. The one that keeps telling you when you take a hit, 'you can't do this', or 'GOD helps everyone else but you', or any of that other nonsense......
I would say that your mental ability to play this game is even more essential to your success than your education. You can not be afraid of good smart calculated risk if you are going to win at this game.
You are looking for trades that stack the odds in your favor. Trades that are showing you a clear advantage. Trades that are begging you to come and partake of the sweetness.
Every time you enter the market you take a risk, but you want to find the lowest risk entry trades. There will be times that despite your best efforts, you will still miss it. So what, cut the legs off of that monster, save your capital and thrive to trade another day. The market is very generous and will give you the opportunity to make your loss back and so much more. If you took a hit yesterday, so what; that no longer exists. Today is a new trading day filled with new trading opportunities.
When I take a hit, I just wait for another good entry and usually I will get all of the money back that I lost in the hit and then some. THE MARKET IS VERY GENEROUS AND WILL GIVE YOU MANY OPPORTUNITIES FOR PROFITS.
1. Exceptional Trading requires discipline, patience, education, good money management and the ability to pull the trigger on a good entry in spite of any present fear.
Demo trade, Demo trade, Demo trade, and fill your head with good positive things about your ability and who you are as a trader until you are consistently profitable and until you can pull the trigger on trades with confidence.
YOU CAN DO THIS (^_^)
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We still hold our last EUR/USD Short 1.2300.
Older traders without Stops. These days and new people need bigger Stops range it's about 50 pips.I'll make calculation for new people and I'll tell you exactly.
We do listen to the market, not the media or our financial adviser or conventional investing wisdom.
Why?All institutions making money only when we loosing.Do not close hundreds and hundreds old Entries.FOREX now is best money making machine.New Update coming in algforex.com.
We did Sell EUR/USD 1.2300.
If you are new, move Stops near Entry.If you are very new do not forget to take and 1/4 of Profit 50 pips.Today in USA session I looking for about 100 pips.
Do not Buy EUR/USD big amount against trend. It's dangerous.(Just intraday and Stops, Stops and Stops).Many people still have open EUR/USD Short positions since January, they do not need stops at all. Just do adding near my levels in algforex.com.Also I'll tell when will be big reversion or big volatility like was 2 weeks ago.All levels of Entry in algforex.com.
Old subscribers we do not need stops at all, just do adding near my levels. For new people stops 25 pips.
Later I'll show in this Blog.Remember - it is easier to ride the trend then to bet against it.This year we do Sell EUR/USD and Buy USD/CHF.
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