A crucial decsion traders must make on each and every trade they take is lot sizes. What's the ideal lot size to take? What's the metric in which a trader uses to solve this ordeal?
Here's my method:
1.) Start off with a high lot size. Say....7 normal lots.
2.) At this point, when imagining trading with this lot size you should feel a sense of anxiety,...
Identifying the Support (lowest price), Resistance (highest price), and Key Levels (areas price gravitates to between Support and Resistance) one two or more timeframes. Today, I have them marked on the 4H and 1H Timeframes.
Identifying Support
Support is the lowest level a price will go before reversing. A support is created in two ways. The first way is when...
Here is a simple chart HODL/Longterm traders can use to find the best buying zones. Hopefully you can use this to help you find the best buying opportunities possible.