Simple trading
Trading can be easy and rewarding, if you do not overcomplicate things.
Have you heard the phrase "analysis - paralysis?"
My advice to novice traders (and even to experienced ones) - focus on high-probability setups.
One of the most obvious patterns - is the break out/ break down of the trend line .
Usually, three taps hold, but the fourth one is usually place where you have to look out for trade opportunities.
Combine it with MA50 and you will get a reliable entry with a decent risk/reward.
Good luck!
PS. In the update you will se another example
Have you heard the phrase "analysis - paralysis?"
My advice to novice traders (and even to experienced ones) - focus on high-probability setups.
One of the most obvious patterns - is the break out/ break down of the trend line .
Usually, three taps hold, but the fourth one is usually place where you have to look out for trade opportunities.
Combine it with MA50 and you will get a reliable entry with a decent risk/reward.
Good luck!
PS. In the update you will se another example
Note
Adding RSI (a leading indicator) - helps confirm the entryWatch the chart - highlighted key signals there. Those who want to learn, will see evth on the chart, no need to explain obvious things.
Note
here is another example. Fourth attempt - trend line broken, likely reversing
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.