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DAY 19 - MY TRADING METHOD

I really don't go into all this terminology and try to keep it simple. All I look for in S&D zones are whether price left the zone with momentum and in doing so broke any support level, or price made a new lower low for sell and higher high for buy. How price is approaching the zone and whether there is enough space for a better risk to reward ratio.
After watching charts for so many years and losing hundreds of trades and trying different system, I came to realize that no matter how good our t…
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Point entry

EURGBP создал потенциально сильную точку входа(отмечена желтым кругом).Аргументы:Цена второй день проторговывается над линией сопротивления;создан "заходной импульс";На более мелком таймфрейме(10мин) сформировалась классическая фигура разворота "голова плечи".
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Which times frame and tool is the best,,

Im trading Forex from past few year,, but still im not feeling comfortable about the time frame and specific tool for day trading,,
Initially i incurred loss(all my investment) when i was trading in 1H chart
Now im using 15M & 5M chart, And my trading style is scalping, my winning ratio seems progressing,, but the problem in this chart is whipsaw, when the market is taking a sharp turn,, im will have to wait for weeks to months to close the position, since in have enough balance and my lot siz…
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DumbAsArock avatar

One tip:  If you're trading on 5 minute charts and have three losing candles in-a-row then get out unless there's a good reason to stay in the trade.

Narenraj avatar
Narenraj 7 Sep.

Thank You Mr David,.

And any particular specific and more reliable technical tool ???

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