I was curious to find how other traders deal with market corrections,
Have you ever been watching a currency pair and waiting for the correction and PA signal so you can then get a piece of the action only to find that it corrects gives a good signal, you enter the market and it corrects more hits your SL, it then continues in the direction you originally wanted
I would like to put the question out there and find out how other Traders work out when a market has corrected fully or if its possible at all.
I would use the EMA ( 20 preferably) and also swing points, plus a good PA candle.
Thanks
Mark
Have you ever been watching a currency pair and waiting for the correction and PA signal so you can then get a piece of the action only to find that it corrects gives a good signal, you enter the market and it corrects more hits your SL, it then continues in the direction you originally wanted
I would like to put the question out there and find out how other Traders work out when a market has corrected fully or if its possible at all.
I would use the EMA ( 20 preferably) and also swing points, plus a good PA candle.
Thanks
Mark