Hey traders
I decided to open a new thread to show people an easy and effective way to earn consistence money in forex market. So if you are struggling and losing money this may be is for you.
This is not a signal service or trade alert. I just post the trades I take in my live accounts.
As all traders at the beginning of my trading career I tried to find the Holy Grail. After trying hundreds of EAs, Indicators and still losing money, I decided to delete all this useless crap and start to understand how price action really works.
So what we got here is easy:
I decided to open a new thread to show people an easy and effective way to earn consistence money in forex market. So if you are struggling and losing money this may be is for you.
This is not a signal service or trade alert. I just post the trades I take in my live accounts.
As all traders at the beginning of my trading career I tried to find the Holy Grail. After trying hundreds of EAs, Indicators and still losing money, I decided to delete all this useless crap and start to understand how price action really works.
So what we got here is easy:
- · Trading in Daily timeframe only
- · Using Linecharts to identify Support & Resistance
- · Trading Pinbars only (Hammer, Morning-Star)
- · Do not use Indicators
I will post some examples of trades-setups later.
In average I take 2-3 trades per week. I got a hitrate of 95% <<< to be picky is the key.
Never over risk. Take a proper Money Management
If you dont know how to calculate your risk: http://www.earnforex.com/position-size-calculator
also you can download an indicator there, where you can drag and drop the entry and sl lines
CHECK THIS WEBINAR FOR BETTER UNDERSTANDING OF PA:
http://www.nobrainertrades.com/2011/...-34-pulls.html
see you there!!!
Poshcom