Recent content by Prevchim

1 Cut your losses when your trade isn't working 2 let your winners run or until it reverses 3 plan your day ahead 4 manage emotions and impulse decisions

TA technical analysis FA fundamental analysis HOD high of the day LOD low of the day B/O break out BOS break of structure R:R risk reward ratio S/R support and resistance TP take profit SL stop loss YTD year to date HH higher high LL lower low LH lower high MS Market structure HTF...

1.If you buy or sell on the other side of the channel, you wait for price to reach the other end of the channel to take profit or exit the trade. 2.Place your stop loss on just outside the channel or just above the high of the candlestick (for a sell order) or just below the low of the...

1.Price action represents collective human behaviour. Human behaviour in the market creates some specific patterns on the charts. So price action trading is really about understanding the psychology of the market using those patterns. That’s why you see price hits support levels and bounces...

Trading until mastered, blocks the development of your potential. To develop as a trader, you need to be able to confront fear to change your pattern of reacting to an uncertain world. Your brain is a negative assessment machine that does not distinguish uncertainty from fear. It’s organized...

1. When you win a trade study where was the best entry 2. When you lose a trade study you could lower your loss

Bullish neutral and bearish when to buy and when to sell

1. Excited 2. Optimism 3. Greed (overbought) 4. Anxiety 5. Pessimism 6. Fear (oversold) 7. Hope 8.Relief

The 200 ema indicator can be used as an added confluence to see which trend the market is in. If the market is below the 200 EMA line it is in a down trend

Between indices and forex which one is best for beginners

It is wise to only use indicator without price action or fundamental analysis