Simple's Green Room

[simplegreen]

Hey guys..in view of these mindless trends please do yourselves a favor and dont go for the falling knives...my method is simple..I use M30 chart and either enter in direction of trend(not advised) OR...wait for consolidation...this will save a lot of woes...allow a bounce to set the top of consolidation channel...then look for a retest of the low...if it holds then the long might be taken on the retest..its really better tho to let the channel become firm first...I scalped E/NZD earlier this AM using one of these consolidation channels that lasted roughly 5 solid hours.Just trying to keep everyone out of trouble on this advice....bulls are ALWAYS overbought and bears are ALWAYS oversold so use caution looking for "bargains"