Trading Major Lines | Foreign Exchange Indicator Download - MT4/MT5 Resources
Hello everyone.
I've been meaning to start a new thread for a while. While this isn't the best time for me as I'm still busy with my day job, Forex and helping my wife manage her newly founded company, I decided to at least start this thread as a response to an afternoon I got from some members of the Forex Factory recently and slowly improve it.
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Some of you already know my post on Graeme's great post called "Building euqity millipede" I humbly but highly recommend traders to check out his post as well as the silent service method and james16 as I found them very helpful and informative.
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I'll try to keep things very simple. In fact, if they're not simple, then it's not tradeable. period.
KISS is probably the one thing you hear the most in Forex trading, but I don’t think you hear much about “How to KISS”
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Some things you won't see on my chart are:
Indicators, Moving Averages, Channels, Unclear S/R Levels, Redraws, Illusions, Illusions, Teaching Life Lessons through Charts
What you will see is:
1. Main line and center line
2. Fibonacci Sequence
3. Interpretation of price behavior.
There's a lot of theory behind what I choose to use and what I don't choose. But I won't go into detail about this as I hope the nature of my diagram will reveal it later.
One last thing before we continue, I am not trading for the money, but to be among those 5% of traders who are considered "successful". So everything I share here is free and will remain free.
But the only thing I expect in return is respect for what I'm doing here.
So if you don't like what you see here, look for somewhere else that suits you better.
I do this just to share.
Thank you everyone..
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I'm going to go straight to the diagram, but it'll take me some time to figure out putting it all together...
I will post them one by one as I finish them...
I'll be back with charts.
p.s. Please note that any questions you want to ask, such as "how long have you been trading this trade, what is your R/R, what is the profit...etc." will not help you apply this method to your trading style.
It has to be your own job to collect your own data.
My data or past performance have no bearing on your future performance.
I've been meaning to start a new thread for a while. While this isn't the best time for me as I'm still busy with my day job, Forex and helping my wife manage her newly founded company, I decided to at least start this thread as a response to an afternoon I got from some members of the Forex Factory recently and slowly improve it.
------------------------------------------------------------------
Some of you already know my post on Graeme's great post called "Building euqity millipede" I humbly but highly recommend traders to check out his post as well as the silent service method and james16 as I found them very helpful and informative.
------------------------------------------------------------------
I'll try to keep things very simple. In fact, if they're not simple, then it's not tradeable. period.
KISS is probably the one thing you hear the most in Forex trading, but I don’t think you hear much about “How to KISS”
------------------------------------------------------------------
Some things you won't see on my chart are:
Indicators, Moving Averages, Channels, Unclear S/R Levels, Redraws, Illusions, Illusions, Teaching Life Lessons through Charts
What you will see is:
1. Main line and center line
2. Fibonacci Sequence
3. Interpretation of price behavior.
There's a lot of theory behind what I choose to use and what I don't choose. But I won't go into detail about this as I hope the nature of my diagram will reveal it later.
One last thing before we continue, I am not trading for the money, but to be among those 5% of traders who are considered "successful". So everything I share here is free and will remain free.
But the only thing I expect in return is respect for what I'm doing here.
So if you don't like what you see here, look for somewhere else that suits you better.
I do this just to share.
Thank you everyone..
----------------------------------------
I'm going to go straight to the diagram, but it'll take me some time to figure out putting it all together...
I will post them one by one as I finish them...
I'll be back with charts.
p.s. Please note that any questions you want to ask, such as "how long have you been trading this trade, what is your R/R, what is the profit...etc." will not help you apply this method to your trading style.
It has to be your own job to collect your own data.
My data or past performance have no bearing on your future performance.
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