Focus on buying in AUDJPY
When you wanna start to open the chart, look at the bigger timeframe to seek area support and resistance, supply and demand.
Plot the horizontal line which area touches the most.
And then go to a smaller timeframe to see the best opportunities to entry like h4 h1 for intraday and swing.
Way to find the opportunities are charts patterns, break and retest, trendline, etc.
Make it simple, even your kids can understand. The analysis is the only way to find the best place to entry and it does not matter you buy or sell, that's all.
If you want to win the market use ratio in your money management where take profit and stop loss are.
If you Agree, hit the like button and follow me to see my opportunity to buy or sell in the market.
Keeping the trade simple, even it's super simple, as long as you understand what you are doing then take the risk to gain.
Priority:
1. Stop loss must smaller than your take profit.
2. Must at least 2 reasons why you enter the trade.
3. Trade and Forget.
Psychology:
1. Not all setup is valid, its fact.
2. Trading is predicting the market.
3. The only way to win in Forex is by controlling your lot size and your risk to reward ratio.
4. Sometimes when the price hit your stop loss but you still follow your SYSTEM, its still a good trade. READ IT AGAIN!
Plot the horizontal line which area touches the most.
And then go to a smaller timeframe to see the best opportunities to entry like h4 h1 for intraday and swing.
Way to find the opportunities are charts patterns, break and retest, trendline, etc.
Make it simple, even your kids can understand. The analysis is the only way to find the best place to entry and it does not matter you buy or sell, that's all.
If you want to win the market use ratio in your money management where take profit and stop loss are.
If you Agree, hit the like button and follow me to see my opportunity to buy or sell in the market.
Keeping the trade simple, even it's super simple, as long as you understand what you are doing then take the risk to gain.
Priority:
1. Stop loss must smaller than your take profit.
2. Must at least 2 reasons why you enter the trade.
3. Trade and Forget.
Psychology:
1. Not all setup is valid, its fact.
2. Trading is predicting the market.
3. The only way to win in Forex is by controlling your lot size and your risk to reward ratio.
4. Sometimes when the price hit your stop loss but you still follow your SYSTEM, its still a good trade. READ IT AGAIN!
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