Some of the trouble is that all barriers are made to be broken. So we are counting on the ratio of probability barriers will hold depending on how far price has come before we are satisfied price has gone far enough for us to expect reversal.

Unfortunately trends continue against us sometimes, or we are caught in 40 pip moves that take place in under thirty seconds, or the indicators we choose are really only giving us partial market activity at times that dies out and the real flow continues where the time before the flow was made of the majority of the market so the indications were ok.

Then we have to accept what the dealers are giving us, a spread that is basically robbery compared to stock or futures trading.

My opinion is that to have success the odds favor trading longer term time frames with minimum margin, in pairs with minimum spread, with very few trades, understanding that you must enter in places where the odds are almost not existent where you will get caught in false flows or the 40 pip blasts against your trade that last seconds and then price sits for 8 hours.

Foreign exchange is not the most friendly retail trading environment.

We have to recognize places in advance where price should reverse and not jump ahead of it until we are sure. But I don't use fibos or camarilla or anything like that, you should be able to see key areas on a longer term chart and let the price activity tell you how the market is reacting to them.

u are 100% right
i personaly trade 4H charts and my entry depends on S & R
but to insure my entry and to trust that the market will not reverse
i need a sign on that point (away from oscillators)

Great discussion, Go on guys
Regards

It seems that the enrty subject will stay as a secret on this market

Thank u for posting guys
Regards

Do the dolly points of entry change during the trading session?
Last night (00:00 GMT) my first entry was at 1.8635 with first take profit at 1.8655...Today I looked at the chart and it is showing the first entry at 1.8614 with take profit at 1.8634...This is during the same day it showed 1.8635 as the initial entry.

Is this system initiated at 00:00 GMT?