Page 37 - Module 5 - Key_Players_in_the_financial_game
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Module 5 – Understanding the game between the bulls and bears



               34.5   Going lower than that will be placing more odds against you, you can use H4 or H1 for scalping, but
                      I will never do that. But each trader will decide, but whatever you decide, forward test it hundreds of
                      trades. Don't back test, you will see what you want to see.
               34.6   If price is at a higher timeframe supply (D1, WK or Monthly), don't go long. Wait patiently for a short
                      setup, either set & forget at an original and fresh supply level on H1/H4, OR wait for a brand-new
                      level of supply to be formed and sell the pullback. Opposite for higher timeframe demand.
                      There are rules for the range. The rectangle reader indicator will help you assess how high or low
                      price is in the range. In a trending market the closes valley/peak/CP will be  one extreme of the
                      range... The opposing zone should be a peak/valley since CPs are not used as part of the range if it
                      goes against a trend.

                       high or low in the range? what to do



































                      Set and forget versus confirmation trades
                      Set and forget trading is as simple as its name implies, you just set the trade up and then forget
                      about it for a period.
                      This way of trading has two major benefits:
                             It makes it far easier to remove your emotions from the equation.  Emotions are your worst
                              enemy when trading;
                             It allows you to enjoy your life as you normally world, because you will not be spending
                              countless hours staring at your computer over-analysing the markets.
                      Unfortunately, traders become lost with the huge amount of data that available over the internet
                      and TV. It is extremely easy to experience analysis paralysis while trying to trade forex or any other
                      financial market. It can be overwhelming to try and make sense of all this information and create a
                      forex trading plan based off this amount of information.

                      Once you do a certain amount of analysis on any instrument, any further time spent analysing this
                      data is likely to have a negative effect on your trading, the outcome is usually the same, it causes you
                      to lose money.

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