The last 2 weeks analysis has yielded over a 1000 pips profit from trading off the Daily charts. Last week you could have placed orders on the Sunday night, pre market open and would have gained up to 600 pips. $10 a pip would have made you $6000!! These videos are all intended to be educational they are NOT tips & trade recommendations. Use what you are learning to build a strategy that works for you. Test them on a demonstration account. Disclaimer
If you would like to learn a simple, well explained method of trading forex from daily charts check out Dean Saunders 10 minute wealth builder
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Please leave a comment or at least post a star rating on You Tube, Marc
If you would like to learn a simple, well explained method of trading forex from daily charts check out Dean Saunders 10 minute wealth builder
thanks for the great video Marc
Hi Marc-
I have a question on trade entry. My question is when you have a break up at resistance level, should you already have a pending order place above the resistance level so that your order is triggered when/if price breaks OR do you strictly wait for the daily candle to close and then enter on the retracement? My thought is that you would only enter on the retracement because you never know if the level will break and then go back down. If you have an order place at that point, your stop loss would be hit. Is this a correct way of thinking?
Hi rakepat. sorry for the delay. Re breakout I have just posted todays video which covers some of your questions http://forex-fxtrader.com/blog/forex-analysis-for-the-week-ahead-13th-sept-lmt-returns-to-winning-ways/
Thanks Marc…. Great aid to practical understanding of the patterns to look for in real time
hi rakepat. check out todays blog update this covers lots of points re entries. re your specific question. I always wait for pullbacks. Sometimes you miss a big move but more often than not the initial break out does pullback which gives a much better entry and prevents a lot of stress/losses, marc http://forex-fxtrader.com/blog/forex-analysis-f…
hi rakepat. check out todays blog update this covers lots of points re entries. re your specific question. I always wait for pullbacks. Sometimes you miss a big move but more often than not the initial break out does pullback which gives a much better entry and prevents a lot of stress/losses, marc http://forex-fxtrader.com/blog/forex-analysis-f…