Take out any H4 chart, look at all the swings.
Ask this question - Why did price stop and swing from there?
I guess you're like me clueless as to why and when price might stop and reverse to form the swing.
Now may I suggest you place line on all the swings and scroll the chart to the LEFT. Can you see almost all the swings connect to a previous price.
The level I posted, have a reference point, I don't pluck it from thin air.
We are told by guru that M1 is full of noise. It is tiring to stare at M1 to trade.
May I humbly suggest that beside those lines you draw on the HTF (H4, D1),
M1 is the most important key for trading Forex.
We only look at M1 when price is near those HTF line. Here in M1 you will see all the action of stop hunt. You will see spike, extreme candle formed. This is when I will put a buy/sell limit above/below those lines.
Sometime I might even pull the trigger and the top/bottom of the spike.
Always be ready to know how much you're willing to give market if the trade go against you.
Never, never, never trade during news, Forever, forever, forever place a stop loss or mental stop loss.
The second links I posted on 7 june talk about a very good strategy which I don't really followed. BUT there is one particular way an indicator was used that clicked everything together. For this you do your homework.
Trading is that simple. But we are sold to the idea of MA cross, overbought oversold, etc, etc
