kwanann wrote:

djhenry1981 wrote: is it fair to say the true direction after the Asian Breakout is actually the direction of the l breakout?

Basically, we get the Asian range, wait for the break, then the stop hunt which usually goes in the opposite direction tagging the bottom of the range, re-tests and then goes in the direction of the original breakout?

Not really, it depends on a few things, current level count, M or W formation, peak high/low etc..

it all depends on how the contracts are structured, where is the accumulation etc..

kwanann wrote:

intcust wrote:

eurjpy.h1.png

here is the chart on ej

doesnt look like a BARF, but hey, nice 100pips so far

YOU are RIGHT!

djhenry1981 wrote:

ciliano wrote:I think you have a decent markup of that chart there but you have to remember that 3 levels is not a rule. If price action around the beginning of london supports your theory, then take the trade but don't become set on it. Today was a big day in US news so that could mess things up too.

Also, look where you are in higher charts too because it is right at a support level from late Feb 2012 and Sep 12 2011.

Thanks for pointing out the S/R levels. As CJ says, don't marry the trade.

Although its early days, my head is completely spinning, my mind is blown, what's seen cannot be unseen.

Is there any particular pairs a beginner should stick to? I want to limit the pairs to avoid stimulation overload, obviously the majors, but are there particular pairs that are better for learning?