DIRECTION?NO IDEA, BUT from WHERE & WHEN it starts:
-close the position.
- reopen the position:
BUY (far) ABOVE the VALUE
SELL (far) BELOW the injurious VALUE.
The lifetime of the level is up to severall days.
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â™£ Private Professional Forex Trader Wanna-be. 4.416 yrs in FX. I try to Scalp 20Pips aDay for "Daily Bread", to catch a Daytrade, to a Swing, to create Positions. Follow me & I'll Follow you too, if you're a REAL person & not a SCAMMER service.
A private trader using both fundamental and technical analysis in stock-picking. I am a working as an capital markets apprentice at an boutique investment bank on Wall Street. I am targeting to share my trading ideas through technical analysis.
Author, Market Technician at miAnalysis, Inc. I started my career in markets in 1999 and analyze stocks, ETFs, bonds, forex and commodities. Comments are not recommendations. Lucky husband, proud father. Future Ironman.
Staying consistent & disciplined is key. Always identify your R/R & think where others R/R could be as well. Don't over-complicate things! -> Buy support, sell resistance. Charts are simple. All my trades are TA based.
Michael Boutros is a Trader / Currency Strategist specializing in FX markets with years of experience on FX Trade Desks. Currently, Michael is a Currency Strategist with DailyFX. Risk Disclaimer: http://goo.gl/CR5SFz