bears are in control and that they are likely to stay in control, then you can sell (short). If you have a strategy that works in low volatility markets, it will fail in high volatility, ranging, or trending market conditions. The preceding trend shows us that bears (sellers) have strong control of price and they are pushing price down into a support area. What Pairs and Timeframes With The Forex Trading Strategy? It is vital because it allows you to answer one of the most important questions in trading Who is in control of price? Resistance is a sell area as sellers are found at resistance. I use this strategy to trade on the go as of 2017. Much better than the monstrosity above!
It outlined a short-term uptrend. Placing support and resistance areas is the most important skill you can master in trading. I am going to break it down into a step by step process for you though. Step By Step Guide to Placing Support and Resistance Step 1: Select a daily chart and zoom out until you see around one year of data. If you dont know the basics, thats fine, I got you covered! Lets face it, watching the market tick away is not really that fun, NOR is it productiveat all.
In 2016, Nial won the Million Dollar Trader Competition. As for time frames, I currently trade these. To focus on daily chart trading you need patience and mental fortitude, this takes intelligence and forward-thinking, it takes checking your ego at the door, and it takes a realistic attitude. Checkout Nial's Professional Trading Course here. But the implications from.
Bernard baruch trading strategy, Lazy river trading strategy,