Hi all.I added an e-book by Mr.Martin J Pring on the e-book section .It's one of my favorite setup on Price Action trade.It's called a Technical analysis for Short-Term Traders.As far as i know that many traders do the day trading, so i think this book should come in handy for those who trade in day trading term.Im trading with this pattern too and I will put a high recommendation on this book as the result is amazing. To help you with the peak and through, make sure you understand with a support and resistance line ( I already post an explanation related to this topic here on my blog..so dig it first. click HERE).I usually trade this pattern in naked mode, but sometimes ago, i find an indicator that can configure out to help you find the shape of the trend.It called Golden_Section..try to google it, as I cant attach it to this blog ( damn this blogger site can only post and attach a very limited file extension).I set everything to false on that indicator for the thing I need is a peak and bottom indicator and connect them thru a line to see the peak and valley.I hope you enjoy the book.Should any of you have question or need a discussion on the topic, reach me on the chatting widget and i'll come to you.:).As for today I trade on Eur (short on 1.5202) and currently in a negative pips (-21 pips), and in GBP-JY (long @ 203.88) (+28 pips).As for the Eur-Usd, I plan to hold the longer trade, so must be patient enough.And for the GBP-JY, i took that trade just for a retracement.The price having a hard time to cracking the 203.50ish and keep bouncing after reach 203.80 ish.Hmm actually there are some another reasons for the GBP-JY he he he but it will be a long explanation.Since trade solely based on a retracement only is suicide.Laimas
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