Simple analysis awesome profits... I'm expecting BU to touch the trendline and bounce, this would mean that it's following it's 'bouncing pattern' between my trendlines.
Believe me when I say it’s not the “ridiculously brilliant” indicator, the Fibonuccchi eating MacD (I love Macd... if you know what I mean... a BigMac or...) system, or the “super duper stupid”...
I will bring this home I think. The chart is quite self explanatory don't you think?
Waiting for the right trade opportunities requires patience. Entering and exiting a trade at the right moment requires patience and knowledge.
Do u want to take advantage of this BOUNCE? I'm having fun with this again...
Arnold H. Glasgow, an American humorist, once said, “The key to everything is patience. You get the chicken by hatching the egg, not by smashing it.”
Just an update on my previous idea on this pair.
A Consistent Methodology
Before you enter any market as a trader, you need to have some idea of how you will make decisions to execute your trades. You must know what information you will need to make the appropriate decision on entering or exiting a trade. Some people choose to look at the underlying fundamentals...
Still a long long way to go down.
This pair has flipped bearish in general. I’m anticipating further downside.
Traders are constantly jumping into the right position at the wrong time because they’re afraid they are going to miss it, especially at market turning points.
Don’t be afraid to miss the first 25% of the move; and get out after 75%. Catching 50% of...
Win a trade then repeat... win again... EG is repeating 'wave' pattern.
I can see more downside coming.
Always remember that opportunities for good trades occur often.
No need to rush into bad currency trades. They will only set you back from reaching your goals.
Stick to your best ideas and trade setups.
If they don’t come that session, just wait for the next.
Trading is not an overnight, get-rich-quick scheme.
This is a commitment to build skills that will allow you to profitably trade in any environment the market will throw at you at any time.
If you stay patient, maintain discipline, and commit to constant improvement, then your results today as a forex noob will probably be nothing compared to the results of the...
Just a quick update on this. You can see my analysis on this pair earlier today.
Once you are in a trade do not try and justify its merit. The market does that for you. The final outcome of your trade should be a stop loss triggered, breakeven, or profit taken.
Once the trade is completed, don’t dwell on it. Every trade is different and
AJ broke through it’s trendline and retested it. I’m expecting that it will continue it’s bearish trend.
Convince your mind that in order to make money trading you need to take risks and the risks that you are taking have been carefully planned and measured.
Nice reversal... this pair just bounced back from a strong trendline. Look to be continuing it’s bullish trend as it bounced.
Your mind always assumes the worst. It does that to protect you from harm. Because there is a potential that you’ll lose money and all the mental anguish that brings, the mind tells you not to do a trade.
You have to learn how to...
UC broke through it’s trendline in which I took an entry. This pair has flipped bullish.
Trading for a living can be a dream come true, but it can also be a nightmare. If you believe trading is easy, you’re done before you even started.
Trading is not easy. Trading is hard. Real hard. It’s hard to consistently remain mentally focused and stay disciplined. Know...
Discipline is a virtue, and it means doing the things you need to do to progress and get better….even if you don’t want do it.
This means preparing for each forex trading day or week with research and chart study.
WHY DOES PRICE BREAK A TRENDLINE AND COMES BACK TO IT TO BOUNCE OFF IT?
My simple answer: I don’t know. It is just market behavior of supply and demand, buyers and sellers at work that somehow happens to cause price to come back to the trendline and make it bounce back up or down depending or what direction it was going initially.
It's a more complicated trade that needs lots of patience.
It’s a virtue…Especially with forex trading.
Waiting for the right trade opportunities requires patience. Entering and exiting a trade at the right moment requires patience.