4 hour trading entry and exit almost to (4 hour trading entry and exit almost to)
So, ever thought about what is supported and what is not? Is it possible to set an entry and then forget about it?
This is the first topic I'm going to start with and I'm going to show you what to do and what not to do.
Remember, there is no holy grail. All I can do is show you my simple way of trading. All you need is patience and good money management.
So let's get started.
1) First of all, I want to tell you that I don’t care about the news! Even NFP or GDP or whatever. Prices will always change for reasons that are determined before the news is released. Don't believe me? Well, check where the euro is currently, or where the dollar is with all the money printing. You see, it doesn't matter anymore. News is just an event that accelerates the price movement to a certain level and creates as much shock as possible! Remember this.
2) Asian trading doesn't matter either, so it doesn't matter because London isn't open yet. Now there is one more thing that needs to be revealed. I've seen big moves during the Asian session before. Remember, the market never sleeps! Not even on weekends! Forex is available 24/7. For the public, it's 24/5. But yes, the market is always changing.
Now, let's get started. I don't use any indicators, no volume, no moving averages. All you need is a 4-hour chart! If you want to add moving averages or any indicator, go ahead. I'm just showing you how to determine good entry and exit points.
Patience is really important. If you are a day trader, this system may not be of much use to you since we are trading on the four hour chart.
First, I will show you the current four-hour chart of EUR/USD. I support this. There is no 100% winning system. You will fail occasionally, but if you are determined and patient, you will make more money by winning.
This is the first topic I'm going to start with and I'm going to show you what to do and what not to do.
Remember, there is no holy grail. All I can do is show you my simple way of trading. All you need is patience and good money management.
So let's get started.
1) First of all, I want to tell you that I don’t care about the news! Even NFP or GDP or whatever. Prices will always change for reasons that are determined before the news is released. Don't believe me? Well, check where the euro is currently, or where the dollar is with all the money printing. You see, it doesn't matter anymore. News is just an event that accelerates the price movement to a certain level and creates as much shock as possible! Remember this.
2) Asian trading doesn't matter either, so it doesn't matter because London isn't open yet. Now there is one more thing that needs to be revealed. I've seen big moves during the Asian session before. Remember, the market never sleeps! Not even on weekends! Forex is available 24/7. For the public, it's 24/5. But yes, the market is always changing.
Now, let's get started. I don't use any indicators, no volume, no moving averages. All you need is a 4-hour chart! If you want to add moving averages or any indicator, go ahead. I'm just showing you how to determine good entry and exit points.
Patience is really important. If you are a day trader, this system may not be of much use to you since we are trading on the four hour chart.
First, I will show you the current four-hour chart of EUR/USD. I support this. There is no 100% winning system. You will fail occasionally, but if you are determined and patient, you will make more money by winning.
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