i just know...
1) price within 20 pips of the daily low - that is OPPORTUNITY
2) red candle closes
3) green candle closes - note the high price of the green candle.
4) enter long at the green candle's high price
5) STOP LOSS IS 10 PIPS
6) Take whatever profit you can.
and then, what i should study more things? and i see many indicator, i don't know which i should use? and is it work in mp4?
i am a beginner, where should i go ?
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- newscalper
- rank: 1000+ posts
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Everything you need is in this forum. Lots of time lots of reading lots of heartache. And TBH I'd say....give up now before you ruin your life over it.
There's a statistic, yet everyone only ever sees the $ signs and ignores it. What make you so special that you think you'll make the top 2% as a retail trader.
We're all nuts, absolutely nuts. Deluded, stupid lambs to the slaughter.
There's a statistic, yet everyone only ever sees the $ signs and ignores it. What make you so special that you think you'll make the top 2% as a retail trader.
We're all nuts, absolutely nuts. Deluded, stupid lambs to the slaughter.
- Captain Pugwash
- rank: 500+ posts
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When I first found this forum - I also looked at the Rat method - and for months did not realise there were other philosophies on other threads.
Have a good look around here - there is a strategy somewhere that will suit your brains "wiring".
Think of the above stage as your "Foundation Course"
Then focus on your chosen path and do not start looking at new "stuff" every few weeks, just because you hit a wall.
You will NOT find overnight success - this takes screen time and perseverance - and I mean Years if your part time. EDIT - full time for that matter
Remember if you want to become professional at anything - it takes upwards of 10,000 hours. Trading is no different
Oh! Prove yourself on a Demo account before ever going live.
Good Luck!
Have a good look around here - there is a strategy somewhere that will suit your brains "wiring".
Think of the above stage as your "Foundation Course"
Then focus on your chosen path and do not start looking at new "stuff" every few weeks, just because you hit a wall.
You will NOT find overnight success - this takes screen time and perseverance - and I mean Years if your part time. EDIT - full time for that matter
Remember if you want to become professional at anything - it takes upwards of 10,000 hours. Trading is no different
Oh! Prove yourself on a Demo account before ever going live.
Good Luck!
"MOJO 1)Self-confidence, Self-assuredness. As in basis for belief in ones self in a situation. Esp/In context of contest or display of skill such as going into battle. 2)Ability to bounce back from a debilitating trauma and negative attitude YEH BABY
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