Reply With Quotereally this is reliable details with this Currency dealing taster map i think this is very excellent for all the newbies and all other who are doing Currency dealing company i like this thanks for this.....
Professional Forex Trading Strategies.
Foex , Professional Forex trading strategies
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
Asia Forex Mentor's forex course is now FREE!
A complete professional forex trading system that even newbies can apply instantly.
really this is reliable details with this Currency dealing taster map i think this is very excellent for all the newbies and all other who are doing Currency dealing company i like this thanks for this.....
very very nice explanation sir...
i'm absolutely agree with you..All traders should combine 2 or more TF. if they are just using one TF. it's like blind people looking the right ways...
is it right??
thats a perfect explanation. now i understand the exact reason why most forex traders lose in their trades.successfull traders must look at MULTIPLE TIMEFRAMES! thank you
Money is important think in our life. Life style depend on money. We can not live without money. We need a good income to change our life style. And forex is a good platform for earn money so forex can improve our life style and economic condition. Forex is a profitable to fulfill our dream.
I have been trading more than 2 years ,but never get a profitable strategy which works long days.
yes. with any trader we had a bad time for this market. if we can pass this time. we can make huge profit on future. we need a profesion for our money.
yeah. i like stategy with EMA. i use 3 EMA for my signal. we can make money stable
i think your stategy is very simple. sometimes we can make money with simple plan. we do it day by day we will become milionare in future
if you can make money with this market . you are professional. because the most trader lose in this market.
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