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Forexmentor

US30 4H sellA look at daily and 4H shows a long bearish engulfing which is one of the best and most reliable price momentum indicators. This shows that there is a willingness for price to continue bearish. Since price didn't break below the 4H lows at 33630, a retracement is necessary in order for smart money to sell at a premium. Now there is usually a liquidity zone within an engulfing candle and that accounts for my first entry. There is also an order block that price might reach to before dropping. NOTE: THIS SETUP DOESN'T GUARANTEE PRICE DIRECTION. USE PROPER RISK MANAGEMENT
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by JayForexAcademy
This Is Why You Must Perform In Depth Market Analysis!It's not so simple doing market analysis some times. What time frame should you use? What indicators should you have on your chart? What drawings should you make? Every forex "mentor" pushes their 'unique' strategy to profitably trade forex markets, however can you be sure that their strategy is truly profitable? Before you start trading a strategy live you should KNOW for certain that a strategy is possible. There is only one way to be certain that a strategy is profitable - back testing. Any trading strategy should be thoroughly back tested on the symbol you want to trade prior to trading a live account. Otherwise how can you be sure you'll make money? Answer - you can't. In going live with a trading strategy you should have expectations about the number of trades you will win / lose / scratch at. You should also know the profit margins to expect. Without data on a trading strategy you are gambling and hoping. Many traders automate trading strategies to automatically back test their trading system. This is something that makes back testing a lot easier and more fun. If you want to start trading the first place you should start is on a spread sheet! Now just remember, if you want to trade like a winner you have to put in the work like a winner. Winner winner, chicken dinner. So - BACK TEST YOUR TRADING SYSTEM Also, many traders preach fixed risk management ideas such as "only ever risk 1-3% a trade". THIS ADVICE IS BOGUS! Once you have backtested your trading system you will know what the ideal risk exposure for your trading system will be. Some systems only have profitable returns when risking a fixed dollar amount, some will return greater with a fixed % amount. Some trading strategies with high strike rates will allow traders to risk up to 5-10% a trade, whereas other systems may only risk 0.3-0.5% a trade. There is so much mis-information in the trading industry, and the reality is you do not need to buy a trading system or a mentor. You only need to do the necessary work to backtest strategies until you come up with a profitable one, and then model the risk exposure to find what returns the most! RANT OVER.
by ToniSignals
3
NAS100 WITH AYANDANXUNALO_SAI am currently looking at selling nas100 we will be Selling NASDAQ once it retests my trendline forming a lower high after that low it has printed... As we know nas100 goes in correlation with Dollar index , the dxy is currently at a very significant area where it has just retested our up trending Resistance and we are expecting it to drop... Once the Dollar Index Drops then we will be looking at selling nas100 and almost all pairs with the Dollar as Base Currency How Ever we will be reactive and not predictive towards this trade
FX:NAS100Short
by FX-ICONs
1