HI Guys I share today simple ABC setup By Elliot wave and showed you live Example Hope you'll like it and please don't forget to click like button Trade with Care :)
The line graph is EUR/USD & Candles USD/CHF This is a common pair that traders say is inversely correlated... Is there correlation between economies? Is it because of USD's part? Will correlation make you the good R/R trades or structure? Is there a way to trade the correlation (if any) effectively? Draw your own conclusions & have a good weekend!
There are so many reasons why 90% of retail traders fail. One of the main reasons is because retail traders over trade. They fear missing an opportunity and because of this they think there is always an opportunity when in reality there isn't. As traders, it is our job to find high probable setups. Probable setups are limited though... so you need to have...
I hope it helps those like me who have trouble finding the balance in analyzing these ratios. This ratios are mostly suggested from tradeempowered professionals. (at least supposed)