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- 1-2-3-4 Forex Reversal Trading Strategy
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ECN Forex Broker | ECN Forex Trading Platform | Foreign
1-2-3-4 Forex Reversal Trading Strategy
is there a way to determine what the average daily range is for a given currency pair and therefore to understand which price points it bounces off of on a regular basis?
The Simplest Forex Trading Strategy in the World » Learn
If you already use Forex Tester 7 then you can download the guide on how to move your projects, templates and data here.
It is very important that people realize that applying anything over their charts is second hand lagging data. A price-only daily chart shows you everything you need to see, which is the raw price data for each day, all you should be thinking about is plain vanilla price action.
While the market is trading sideways it does not make any new highs or new lows. You will be able to draw simple channel lines and watch the market trading inside that channel. A break out of the channel will re-establish a trending market mode.
But you are trading forex for the long term, it makes complete sense to risk a small percentage of your trading account in each trade. The reason is simple: its would take so many losing streaks to blow your forex trading account.
That would have to be one of your best lessons so far. You make it sound so will pay more close attention to S/R from now on
Thanks again Colin
I am going to only show you one more trade here because of time and length of this article, but I do this for all of my trades, and I recommend you do the same thing if you want to become a great trader.
I trade with them using my own trading system based on the fusion of Ichimoku indicator and some other patterns on more than 75 different instruments at once, as the trading system doesn't give many signals. I can say that platform shows stable wor.