It is currently Tue Feb 25, 2020 10:27 pm





Post new topic Reply to topic  [ 2 posts ] 
Professional Forex Trading Strategies. 
Author Message

Joined: Wed Mar 30, 2011 11:12 am
Posts: 70
Post Professional Forex Trading Strategies.
Foex , Professional Forex trading strategies

Image

In this Foex pair: Usd Jpy
There is a price action foex price action pin bar + bullish outside bar on the 4hr time frame (right chart in the picture).
Indicating an upwards movement.
Most new foex traders would have entered on it right away – placing a buy order.
But there’s a problem that these new traders do not realise and because of this. They would have gotten losses most of the time.
Foex , Professional Forex trading strategies

If you look at the 1hr time frame (left chart in the picture)
You would have seen a orange line right above the current price movement.
That’s the 150 moving average.
Meaning, the 150 moving average is possibly blocking its upwards movement.
Well, of course it may actually protrude right up to go pass the moving average.
But we do NOT want to take the chance. Right?
What if it hits the 150 moving average and gets rejected to go back right down?
Then we would have made a loss.
Foex , Professional Forex trading strategies

You see.. This is the exact reason why most foex traders lose in their trades.
They FAIL TO LOOK AT MULTIPLE TIMEFRAMES!
That is a deadly error.
What i am showing you here is only the 1hr and 4hr time frames. I have not shown you the other bigger time frames which would have support/resistance as well.
Most traders enter on a trade which looks good at 1 timeframe.
But they fail to realise that there are blockages (support or resistance) at the other timeframes – opposing the move.
Which would be the reason why the trade did not work out.
And after a series of such trades. They decided that foex is a scam and no matter how they trade, they still lose.
BECAUSE THEY FAIL TO LOOK AT THE BIG PICTURE!
Foex , Professional Forex trading strategies

By Correcting this foex mistake ALONE, you will see an increase in profits and winning trades.
Ezekiel Chew
Asia #1 Forex Mentor


Wed Dec 07, 2011 3:21 pm
Profile E-mail

Joined: Wed Mar 30, 2011 11:12 am
Posts: 70
---------
Post Re: Professional Forex Trading Strategies.
A complete professional forex trading system that even newbies can apply instantly.

Asia Forex Mentor forex course is now


Thu Nov 08, 2012 4:16 pm
Profile E-mail
Display posts from previous:  Sort by  
Post new topic Reply to topic  [ 2 posts ] 


Who is online

Users browsing this forum: No registered users and 0 guests


You cannot post new topics in this forum
You cannot reply to topics in this forum
You cannot edit your posts in this forum
You cannot delete your posts in this forum
You cannot post attachments in this forum

Search for:
Jump to:  
cron