once that is identified, your trading decisions are based in the direction of the main trend. Your search is over. The most important thing in my opinion and the subject of todays lesson, is practicing one thing at a time, over and over, until you have mastered. To enter Long positions: vice versa short position rules, a few pointers: - try to stay away from Friday's and try to hold your self from trading NFP week. In a recent article I wrote about mastering one thing to reach trading success, I discucces a book I had read recently that was fittingly tilted The One Thing (I suggest you read it). I recommend that if you have a 10,000 (or ) account, your first position.1 lots.
Yet, again, if you apply the same principles discussed today to those topics, you will end up with the same result; mastery. As Bruce Lee said, he fears not the man who has practiced 10,000 kicks once, but I fear the man who has practiced one kick, 10,000 times. But you will also sell 1 lot (at S1, which is the same price as your buy price) at the same time, in case the price goes trader sur les crypto monnaies down. In addition, you should keep in mind that the strongest momentum usually occurs during the opening of any market session. Using the below picture as an example, you would purchase 1 lot (indicated with B1) with the idea that it will rise.
Learning to take advantage of both volatility and momentum is key in learning to use this strategy. The extra volatility you get when London opens presents some unique opportunities. (all screeshots are clickable lONG entry example: Attached is USD/CAD daily chart and possible trade entries are shown to give you a visual understanding of how to identify potential trade setup and take them.