People say: you never step twice in the same waters. And I say. Hey, why not?! Yes, we make mistakes and we sometimes do things that some people do not like, but this is life, take the risk of it all until the end. I like writing here because some my czech friends (full traders and part of my family) go here and read, and I decided that I will write until some person smashes my articles down into a void rubbish bin. I am always doin' things my way and I believe this is a part of my success.
How was your trading today, boys and girls? Well, I did only one trade today and I will show you. It was pretty sweet setup really. Look at the chart below. It is my big friend, EURUSD, M5.
See what i did? Yes, you got it, I traded a swing low fake. I waited till the price bounced up second time and then I mounted on my good horse. Support holds and there is a hammer. Great setup. I go long and I hold my trade until the price goes near a stong resistance. There I am leaving and making 33 pips. May it is not so brilliant but when you trade with 5 lots, it pays off. This will cover my plane tickets at least.
When you have a close look at the chart, you can see a new formation of double bottom may be in the game. Who knows, maybe it proves itself, may not, lets see.
Hey, its friday, its friday, isn't it superb?
Wish you best weekend of your life.
Athena