Disliked{quote} Let me try this one: Question: How can we identify this fake buy entry (EURJPY 2014.01.31 09:00)? Answer: 1. Identify weekly trend f.ex. By marking HH LH HL LL and drawing trendlines to your chart TREND: DOWN 2. Draw Fibonacci retracement from last Swing High and Swing Low So for now we aknowledge that: Weekly trend: DOWN Daily trend: ???? For easier recognition of the daily trend I will usually change from 1H chart to 15MIN chart in London Open. If you don't know what is 1-2-3 Pattern I suggest you to go and watch all the videos under 1-2-3...Ignored
Dear Meanwhile,Emmanuel.Wdays,adamjhdavis,
Thank a lot for your reply
I learned lot of thing from yours.
Emmanuel:yes, I use GMT+2 broker( Alpari Russia.).
Thanks
Helanka
Helanka