Dissecting EURUSD ...by Steve W.

Major points:

Different market environments call for different 'types' of trades. Keep a folder on you computer with screenshots, marked up with key areas and notes of what you did right/wrong or missed alltogether. Be prepared for the next time around.

On 'heavy' price action, after an area has already faded, dont look to fade, but rather breakout. This is true on most timeframes.

Look for slow and steady price action leading up to a key area that has yet to be faded to sell or buy against the shorter term trend.

When you are expecting a breakout of an area, try to get in before the breakout occurs. This allows you to put a stop in at breakeven and never go 'in the red' on the initial pullback. This is particularly helpful if the breakout occurs shortly before a news announcement, etc.

To determine reversal points in an uptrend, look at price action on the last move down.

Look for confluence of diagonal trendlines and horizontal support/resistance or fib levels.

On breakouts of major areas, expect the move to be big, and go for the long haul.