www.fxtrainingzone.com EUR/USD I see the short term trend as down, therefore class this as a Trend Continuation trade based on: – Bearish englufing shotting star formation close on the 4H, failing to close above the 50% retracement line (from daily timeframe – shown in yellow on chart image). – Price action failed to close above the 1.4117 level together with candles showing a lack of upward momentum. – Price has now placed in a lower high on the 4H something which it has not done in some time. – 8EMA failed to take control on the 1D, therefore shows that the strong bearish candle on (05/06/09) is still in control and therefore we can expect a bigger retrace than 23.6 from the larger upmove. (will explain this on the video)
FOREX Trading Review Video 10 JUN 09 EUR/USD Bearish Engulfing Shooting Star
by admin on May 8, 2010
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{ 9 comments… read them below or add one }
i do not believe in any forex system advertised on Internet. you must develop your own system. I am tired loosing money. my conclusion is: The market is comprised by competitors, why the forex gurus would sell their secrets on the internet???!!!!! put all the indicators in the rubish, all of them come late.
great video, keep um coming
Thanks for greta video. Very informative.
Pls, keep good work.
Cheers
sionsmith,
thank you for great explanation of the system in your videos, it helps me a lot.
Also it would be helpful if you publish your loosing trades and how you decide to exit your lossing position.
thank you beforehand.
Another informative video,
Great job
Spike
What do you mean blue doji?
Hey, how do you make those doji appear blue?
P.S.: looking forward to that MM vid!
Excellent video….thanks for posting
Great video as are all your videos. Very helpful indeed.