2 June 2011 :False Breakout Points

Look Carefully at encircled areas . These are FALSE BREAKOUT POINTS .

Most of the people lose money here . Do not Trade at these Points.
 
Have questions
email me at admin@yotrading.info

June 2 2011 : Look How Market Channelize between Numbering Supports and Resistances

Sometimes Market do not follow one sided Trend . In other words we can say it do channelize between numbering Supports and Resistances .  In this case , we can't say overall trend is in SELL or BUY . 

Most of the times lines are either parallel or oppositely directed . So there is very less possibility of STRONG SELL or STRONG BUY at that time.

Guys if you remember Numbering Study Given at big Boss Trading , you will definately understand what i am saying :-
Have a Look on the Picture
what pattern you find out?
1. It do Channelize between 818 and 822
2 And you know numbering traders do not enter between these numbers .
3 Until market crosses  either of this limit , it will remain channelizing.

I am not giving you further details because everything is discussed in class ,this is just a indication , if you still have question email me at admin@yotrading.info
Happy Trading
eMaster

2 June 2011 Close Analysis of Trades

Look at encircled trades 1 , 2 , 3 and 4

Analysis : Encircle No 1
1 SELL Trade
2. Three Trend Lines Resistance and Euro Line act as a Support
3. Three Candles Cut Solid Yellow Line
4 Fourth Candle Independent  , At this time all features ,histogram supporting sell. This was the best time to put a limit 2 pips below Yellow Line
5 Fifth Candle Still Independent , But not close to resistance
6. Sixth Candle exaclty Touches Yellow Solid Line , it will take into SELL trade.
7 .once it will Show like $20-30 negative. Stay in Market because it has not crossed Resistance
8. Put Limit at Maximum $50 only Because Euro Line is Still Support. Although market drops too much but at that time it was not sure . 
9 EXIT ....You Got $ 50

Analysis : Encircle No2
 Dont  Enter again in SELL because Big Boss Study says only once in One Trade

Analysis : Encircle No3
No Buy because Overall Trend is Downwards (SELL)

Analysis : Encircle No4
No SELL because Neither Features nor resistance Supporting

Happy Trading
eMaster
admin@yotrading.info