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Constant Review, Analysis, Practice

DaddyPapi  in #Technical analysis #Trader's blog #Charts #Trade Example #Practice
Practice, Practice and more Practice. With the dynamic nature of this market, our interpretation of the market can change each day. In recent days, a few of my analyses of some pairs have been changed when I realized that there was something that was missed or another way of looking at the same patterns. This is why I always clean my charts each day to start over a fresh. Sometimes within the first few seconds I will see something different that leads me to a different conclusion.
Supporting th…
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First Trade Down, How Many to Go?

DaddyPapi Posted 5 June  in #Trader's blog #Pips #Consolidation #Abc Correction #Trade Setups #Trade Example
The ABC Setup on the EURO AUD went to its target as expected today. The movement was sharp as is typical of these signals, leading to the 195-Pip gain in just under 24 Hours.
The combination of this being an ABC Setup with a Pennant made it all the more likely that movement would be fast. From here the pair could move even higher in sync with the other EURO crosses across the rest of the market.
The Stop Loss used was higher than that which I use in my Methodology outside of the Trader Contest s…
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