Hi Samir

Now how to help you on your trading style. Ideally you want to leave trades on over 4hr s or a day and make 100 -200 pips with a stop of under 50 or ideally under 30 pips - yes ??

To do that you must spend at least one month - trading every day on your demo account all the trades you see and treat them like they are live. Choose key times to enter ideally - after daily change at 5pm Ny time or after 12pm ny time. Go down to 30 min or 1 hr charts - and look for the opposite to the way you want to go  - ie dont sell at a low normally - and dont buy at an highr normally - look for pairs oversold on the weekly or monthly as well asdaily 

you need to also mange your trades - and if it means taking 1 st target of only 40 pips - take it and dont worry about R : R - there will be some trades you make 1: 3 and some you only make  a small profit - but dont chosee losing trades of over 30 or 50 pips

The key is watching the market as much as you can and learning from it - it will then make more sense - every week . Remember the market makers are wanting your money - and so are constantly stop hunting - the key is the way to not be caught out - and it takes time and practice and learning the sessions. Follow Marius - he is good - and keep watching Lisa and a few others for tips that you need . Also keep studying from internet via google and websites on ways of trading etc etc e

 regards Peter

Hi Samir  - Re Oversold and Overbought positions

Every currency pair moves in waves  and then waves within these waves. So on the euro today when we had talked it had moved down over 170 pips from it previous high during that last 12 hours. So it had reached a position that all traders could see it was going down and where hoping to jump on a short to sell further. However I a lot of the traders holding buys did not want to sell and so there became less  deals about at the low price. That meant the euro was oversold and so people already in sells started to take profit and allow more bullsto enter who then pushed the market back up. It went a lot farther than i thought because normally a short term oversold psotion might retrace 30 -50 pips - but a sit carried on going back up - more traders cashed in their existing sells and became bulls - pushing the price up further.

Later on it nearly got to 1.4300 - but by then it was overbought and time for another retrace back down.

These pullbacks or retraces are also really "stop hunts" by the big players or market makers who move the price - as they want teh traders money as their profits. So that is why teh market is always moving in waves or cycles etc a nd teh trick is too get in on a right wave - whether it is only for 30 pips or of its a long one for 200 + pips.

So with me i noticed the euro was oversold and looked to scalp buy and then as the market turned it was time to go long. You can pick this up off a 5 min or 30 / 60 min chart to catch a turn - but as you know it will not come into a 4 hr or daily until it as moved at least 50 + pips

Hope that explains more Samir - keep studying and watching all the moves to get use to how the pairs move - regards Peter

Hi Samir - As you might already know - I differ to a lot of traditional thoughts about trend . is the trend the direction for the year / - for the month / - for the week or day etdc etc?? - To me the trend is your timeframe and so if you trade from a daily chart - you would expect the pair to drop more in the day than go up if it was  down trend. However that might mean in total it drops say 150 pips lower than the previous day - or it might drop 80 pips - go back up 60 and then drop again 120 pips. Thats up to to trader to find how it will happens

Regarding the Doc - that is Dr Silvarman who does his forecast  and descibes his method in his webinars on Forex street. These are all blogs worth reading and learning from and i advise you to read all and as many as possible even if you dont agree with their suggestions etc.

Samir - i have noticed several times you as k many questions i thought by now you would know or at least of heard of - even if you dont understand them - You need to be doing more studying and research and this will pay off and help you more - keep it up and keep learning more - regards Peter

Hi Samir - right pullup a tick chart on a demo account and put the following indicators on it - Linear regression lines set at 205 then 350 then another around 500 and finally one at 750.

Then put on 2 parabolic SAr indicators - one set at 0.002 and 0.001 and the other at 0,002 and 0.003. Watch it around hr change times for a start and wait for indicators to move over price - to say lower - or under price for higher. - see how you get on - regardsPeter