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This is a really good strategy. I have always loved trendline breakout but combining it with Awesome Oscillator adds an extra confirmation. thanks for sharing
Thanks a lot for sharing this awesome indicator. Divergence and double top/bottom ( the M and W pattern) has proven profitable with the right analysis. i hope it doesn't repaint.
Cant wait to try the strategy as well. However, i noticed vix and boom and crash are very unstable and sometimes doesn't respect strong levels in as much as level can be broken anytime. i still have my reservation on them though. Thread carefully and do proper money management to avoid surprises...
Fear will put you in a cage such that it will be so hard to take trades especially on real accounts. Practice and own your strategy then accepting your loses are the two major steps towards conquering. fear. Don't be scared to loose because in forex loss is inevitable
Basically for risk management. Another way to stop loss is to divide your funds into fractions you can afford to lose then open your trade. Because sometimes stop loss may be hit and market still later goes in the direction you analyzed.
In my opinion you wont stop learning or studying cos there's no end to what you need to know. Just know what's enough for you to get going. Join a smart team, practice a lot and continue with research and learning
Indicators are designed to work on prices over a period of time or better still on previous prices, so it will definitely lag or delay. No indicator can predict/forecast the future price. so you are before of getting a system, with a combination of several indicators including an indicator that...
Knowledge is key in trading forex and its a continuous process. When you know what you are doing and every call you make is based purely on strong and robust technical analysis then you wont be gambling. yes sometimes after all analyses, market may still not go your way, that's the reason it...
1. Take note of major zones i.e support and resistance 2. Draw your trendlines and make sure it touches 3 -5 Candles. 3. Look out for head and shoulder or wait for retest on the zone or trendline. 4. Wait for breakout from the zones or reversal with high momentum. Do this on 15mins timeframe...