This is to prevent people from spamming the site with ads and junk.
Due to time constraints, please do not PM me if your question can be resolved or answered on the forum.
Need help? 1) Stop changing things. No new indicators, charts, or methods. Be consistent with what is in front of you first. 2) Start a journal and post to it daily with the trades you made to show your strengths and weaknesses. 3) Set goals for yourself to reach daily. Make them about how you trade, not how much money you make. 4) Accept responsibility for your actions. Stop looking elsewhere to explain away poor performance. 5) Where to start as a trader? Watch this webinar and read this thread for hundreds of questions and answers. 6) Help using the forum? Watch this video to learn general tips on using the site.
If you want to support our community, become an Elite Member.
OK. I will post another 3 messages with my analysis here, but without images.
Here is my GBPUSD analysis:
There are no changes over last week. We see an uptrend. The first target along the trend almost coincides with the strong reversal level 8/8. The price is in the upper trading range. After hitting level 7/8 there is a good chance of reaching T1. A reversal from level 8/8 is also possible.
This is a downtrend. There are no targets along the trend. The price has reached a strong reversal level 0/8 which is significant on weekly charts. There is a high possibility of the trendís reversal from the oversold area.
We can see a downtrend. On the way to the target there is a strong reversal level 2/8 which is significant on a senior time frame. The price is in the upper trading range. After hitting level 2/8 the price may reach target T1.
There are no changes over last week. A new extreme has emerged below point 5. For the time being we leave the layout as it is to evaluate MM-levels, but we cannot analyze the template until new extremes emerge and we define the trendís direction. A downtrend from level 6/8 might have started.
A downtrend. On the way to the target T1 there is level 4/8 which is significant on weekly charts. If the trend continues to go down, at least a deep retracement from this level is very likely. The price is beyond time frames, for the further analysis we need to reconstruct the template using new extremes.
We see an uptrend. All targets have almost merged into one. On the way to the targets there are no levels from senior time frames. The price is in the trading range, a flat is possible. Time frames are very small and most likely for the further analysis we will have to reconstruct the template using new extremes.
Since last week the situation has not changed. It is a downtrend, the price is getting ready to attack a weak reversal level 1/8 once again. On the way to the target there is a strong reversal level 0/8. There is a high probability of a reversal or a strong retracement of the trend from level 0/8.
Since last week the situation has not changed. A downtrend. The price moves in the trading range and therefore may linger there (a flat has started). On the way to the target there is strong level 0/8 which is significant on weekly template. The price has almost exceeded the time frames, and for the further analysis we need to reconstruct the template using new extremes.
We see a downtrend. The price is in the trading range, a flat is possible. On the way to the target T1 there are no strong levels from senior time frames. The price may easily reach target T1 after hitting p.4 down and reaching the lower trading range.