H1 for entry and H4 for see the trend, support and resistance level.
ok, can you send print screen a couple of your trades?
Its rare to find a serious successful trader who uses technical indicators to generate entry signals.
Maybe they can be useful as confirmation or as “stay out” signals.
any kind of trading strategies can be useless if there is no perfect money management.
Without good strategy, the best money management don’t help you.
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Go for major pairs. They are liquid and less complex. EUR/USD and USD/JPY are good pairs to get started with.
Of course, I have a fixed trading pairs list on my live trading! Before selecting any new trading pair, I always check the result on demo, if I get a consistent return, only then I add this pair on my live!
You can use any pairs on demo; but don’t add any new trading pair so directly on your real account! Besides, try to understand it’s winning ratios based on your system!
What do you want? Trade history or chart analysis?
So what does it take to be a successful trader besides using technical analysis?
Do they have a data recap regarding the fundamental condition of a currency?
So, first you test a pair on a demo account. If it turns out that you can make regular profits, will you add the pair to your watchlist?
Does each currency pair have its own analysis technique?
I gauge the strength of a currency in a very simple way using the 28 leading pair charts. for each currency in the pair I give the base currency 1 bullish point if price is above the 50EMA and the counter currency 1 bearish point.
Each currency features in 7 charts. The currencies may score between 7-0 and 0-7, 7-0 being the strongest v’s the other major currencies and 0-7 obviously being the weakest.
The international banks identify which is the strongest currency for us because they have enough money collectively to move price. The price charts are their finger-prints. I let them do all the fundamental analysis and economics.
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Hello do you have different styles of trading for specific pairs .hope it doesn’t sound a stupid question as we both been trading a while just curious . They are certain pairs I’m more interested in ,also USD/EUR I don’t even look at the chart .
I have fixed trading pairs like EURUSD, GBPUSD & USDJPY! In addition, I have no plan on the exotic trading pairs!
chart analysis will be enough
Define trading styles. My strategies trading on different breakout levels at H1 chart. Others currency pairs ( and approach ) and gold are in preparation.
So, do you want to trade this pair, but you don’t know how to do it?
Which pairs are you trading consistenly profitable?
