I want to tell you, how I predict  the direction of euro dollar forex future, but, my firm has given me 2 different computers for trading and internet, and i am not allowed to import charts or anything from my trading terminal, but i need charts to discuss how to trade. Can somebody suggest me a website where can get enlarged view of 1 minute candlestick chart for a specific time-interval

KLUELESS6 IIM INDORE

If you are looking for solutions of KLUELESS for next levels, plz comment below the posts, telling me about yourself

A new trading setup

I have been continuously observing this pattern. Suppose, the market after making a price low, has risen significantly above the low, and then all of a sudden it comes down like a free-fall, and breaks down the low swiftly and makes a lower low, and this lower low is at least 12 ticks(just a ball-park figure) below the previous low, while rising back it comes back very often after making a swing high exactly at the previous high. So, it is an opportunity to sell with a very small stop-loss, and a significantly larger target, you can target at least to tag the present low once again.

 The same pattern also repeats for upside breakouts too. Please give your comments below this post.(mentioning ur experience with markets and what you felt about this trade set-up)

Something about my previous blog

Although I think you can't have a logical target by using only market generated information. It is possible using fundamental news. And, I know a guy who usually gives kind of targets , and I am not sure whether he uses fundamentals or both, but, I am sure he uses technicals, but he may also be using fundamentals, I will check and tell you in my next post.

why it is easier to trade with multiple lots

I feel it is easier to trade with multiple lots. As I trade using only the market generated inforamtion, no other fundamental news or classical technical indicators, I think market generated information can only tell you which direction the price has more chances to go, so, by using it you can only know whether we shall buy or sell, but we can't predict a target for this or I should say there is no logical target for any trade, you can only define your risk. So, we shall try do the same, try to predict the direction of price, define your maximum risk, put on the trade, let it run, until the market generated information does n't tell you that market is probably gonna turn its head. But usually market does so, when market is not at the maximum profit you have seen in that trade, and sometimes it happens when even after seeing a big profit, it comes below your long position or above your short position. So, if you are trading with multiple lot size, you can scale out at various prices which are not the logical targets, but possible turning points.

Why not use the technical Indicators

It has already been established that all the classical technical indicators does not give profit in evolved markets. They may give profits in Indian markets, which are in its nascent stage but not in markets as evolved as US. So, for trading Markets in US, you have to trade logically, not by mathematical indicators. I have developed some trade systems for trading euro-dollar forex market, while working in a proprietary trading firm. They all are based on market logic, So, I hope them to give me profit in future also as they have been given me in past.