i_am_siew

i_am_siew Updated 

This is a continuation of my earlier post. Do have a look at the earlier posting if you have not. The BIGGEST question for all traders now is where EURUSD will move when it breaks out of the current horizontal channel. This will also answer how DXY will move. As traders, we must acknowledge that this business we are in is highly unpredictable. Always remember...

i_am_siew Updated 

Let's discuss further on trading. Do look at the previous posts if you have not. This is the current EURUSD on 1H. You can now see clearly how the Law of Supply & Demand at work. With such clarity, things are much easier to understand. If you know what is happening in the market, your actions will be much more decisive. P/S : As always, do not just believe what...

i_am_siew

This is the final part. Please also read part 1 & 2 if you have not. We all know that close to 80% of traders lose money. Actually, ALL got trapped the moment they set foot in this business for almost ALL will begin their journey learning the ‘Methods’ as expounded by the ‘Experts’. You can find these ‘Methods’ all over. And when you fail, it is because you do...

i_am_siew

To succeed in anything, the prerequisite is always Common Sense. Where PRICE is concerned, only one UNIVERSAL law applies which is the Law of Supply & Demand. Seller will always sell you at the highest price and will not be held back by waves, Fibs or trendlines. Don't believe me? Next time if you pay more for your fav cup of coffee, tell me if its in multiple of...

i_am_siew

Just take a look at the DXY. Always, as time moves on, the picture gets clearer. Patience is important. Futility - Its futile trying to predict where it will go. Some may say 'Up'. Some may say 'Down'. Once you develop a 'Conclusion', you will eventually tie yourself down. My advice is, never try to predict. Instead, have an open mind. This way, you can...