BilegtGanbaatar

BilegtGanbaatar

I think the wedge will eventually go higher to go more upside. So i am looking to scalp next pullback. After next pullback i will look for long. If Dollar continues to lose strength it is possible to see down side movement on DXY till February. recommended broker : lnd.easymarkets.com

BilegtGanbaatar

I think the wedge will be broken out downward to previous weeks low then pull back to start up trend. Some people will enter on the breakout it is normal if they have good risk management, cause cable will probably do many consolidation process on its way. I will wait a bit to enter at lowest point. I use this broker if you are interested : lnd.easymarkets.com

BilegtGanbaatar

Hi this is my approach to the market. Prepare this list for yourself before trading: - Good broker - Good mental books to help you (my recommendation Zen in the markets is a must) - Good trading idea - Good risk management - Good rules - And always learn new ideas and back test it - And learn to manage your life (you need no distractions so do the things you need...

BilegtGanbaatar

My view on next week market movement. If you are interested in creating new broker account : lnd.easymarkets.com

BilegtGanbaatar

My view on next weeks market movement. If you are interested in making new broker account : lnd.easymarkets.com

BilegtGanbaatar

This week Gbp/Usd has touched monthly fibonacci 50% line then bounced 140 pips up. I think it will go to 1.3500 level then go back to fibonacci 61.8% line. So i will put my pending order 40 pip below 61.8 line. Because when we put our order right at the 61.8 line, it usually hits our stop loss. Plus we should avoid or watch carefully big news event the week our...

BilegtGanbaatar

I just wanna make some nice 200 pips using fibonacci. Because fibonacci works about 60% of the time. I wanna add pending order 40 pip below the weekly 61.8% line. Because when we enter right at the 61.8 line it usually hits the stop loss. Will not enter if there is any big news event by the time price comes close to the pending order

BilegtGanbaatar

Daily fibonacci 61.8% long idea. Added pending order 20 pip below 61.8 line. Because when we enter at the line it usually hits the stop loss so we wanna put our pending order at our stop loss line. Plus next week we do not have any big news on this band or us news.

BilegtGanbaatar

Yeah another unfortunate trade. But all things have something to learn if we look for it again. I looked 4h, weekly, daily, monthly to avoid potential trend risk. Then saw 200sma to see if its under valued or not, it was almost same line as ratio. Then looked for 1h macd it was indicating short signal. I noticed something was off like the trend was already...

BilegtGanbaatar

First we check 4h, daily, weekly, monthly time frame to avoid potential trend risk. Then we check 1h macd time frame to see short or long. And we check 200 SMA to see if it is under valued or not. In this case the GBPUSD chart 1h macd was giving perfect short signal. Plus it was not US news so it tends to go straight to the direction when it comes out....

BilegtGanbaatar

Before the news we will check Macd 4h, Daily, Weekly, Monthly to see long, short term trend for potential risk avoidance purpose. Then we will watch for 200 sma to whether its under valued or not. Then we see 1h time frame macd, usually the value is 30pip away from 200 sma under or top. If the macd indicates perfect up or down signal we get in with 32 pip sl. In...