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YOU CAN IF YOU ONLY TAKE QUALITY TRADES, AND AGAIN IT COMES DOWN TO WHAT TYPE OF TRADER ARE YOU, A SCALPER, POSITION TRADER, SWING TRADER, ND SO FORTH.
AS FOR ME I KEEP A WATCHLIST OF 6 MAXIMUM CURRENCY PAIRS SO AS TO AVOID HAVING TO ANALYSE A LOT OF PAIRS AND TO AVOID MISSING OUT ON TRADING...
TIME FRAME M15,
ENTRY RULES IN THE PDF
BUT JUST FOR CONCLUSION, LETS TAKE A BUY SCENARIO
CONFIRMATIONS INCLUDE
1. ARROW UP MUST APPEAR
2. CANDLESTICK MUST CLOSE ABOVE THE AMA(RED MOVING AVERAGE)
3.QQE/SCC INDICATOR MUST CROSS UP
THEN ONLY CAN YOU PLACE YOUR POSITION
Radar Signal trading system is a forex strategy trend following breakout. It's based on the radar signal indicator.
Time Frame 30 min or 60 min .
Currency pairs: EUR/USD, GBP/USD, AUD/USD, USD/CHF/ GPB/JPY, EUR/ JPY, US/NZ, and exotic currency pairs.
Metal: Gold and Silver.
Indices: S&P...
Radar Signal trading system is a forex strategy trend following breakout. It's base on the radar signal indicator.
Time Frame 30 min or 60 min .
Currency pairs:EUR/USD, GBP/USD, AUD/USD, USD/CHF/ GPB/JPY, EUR/ JPY, US/NZ, and exotic currency pairs.
Metal:Gold and Silver.
Indices: S&P 500...
Many want a spike detecting indicator whilst others want to go long on Crash and short Boom, which is ideal? I personally think its best to trade price action and not dwell on M1 timeframe hoping to catch the spikes cos through luck you will catch them but long term its not sustainable and you...
I personally think whatever works for you use it, and also i encourage you to use indicators as secondary when it comes to confirmations as indicators will always lag and they always follow price, so PRICE ACTION IS KING to me. Try to also invest in learning price action as it would better your...
They say Forex trading is SIMPLE but not easy, So let me simplify trading for you. Its all about understanding the market structure( how the market behaves/moves) market moves in two phases namely IMPULSE AND CORRECTION. then you have to learn market structure in depth by understanding we can...
1. ACCEPT:-The losses were the past
- The Opportunity is in the future
2. ANALYZE: What was the cause of the losses? Be be honest with yourself.
a. Was it you?-Poor risk management
-Lack of discipline...
Some at this point have quit or are o their way to quit cos its not working for them and they are starting to label forex as not for them or as a scam. I want to tell you never give up and remember why you started. Challenges will always be there and never be driven by money rather focus on...
This Is What's Holding You Back From Being Consistent.
1. Lack of patience,
2. Not enough time on the charts and
3. a lack of persistence with learning and focusing on your processes(mastering the skill); these are all important areas which many people neglect,
"The truth is knowing when to stay out the market is just as important. Protect your capital rather than forcing yourself to constantly be in the markets and take trades that don’t fit your plan." - Mark Hutchinson
Very true, traders should be process driven rather than outcome driven. so confidence also comes about due to having discipline when trading then you can trade with confidence cause you know you are consistent