Open a chart, any chart, doesn't matter.
Look at that chart.
Where did price turn/bounce/pause, ect..??
If it is NOT totally visible to you CLEARLY and the rest of the planet that's NOT it.
In reality ALL a person needs is Rule #3.
That's it, no fancy rules like highs/lows/Range/ Pips from here, pips to there, Daily, Hourly, indicators.......NOTHING like that.
Pro's 2 rule trading system.
1. Wait for price to move to a sup/res level.
2. Take a trade in the direction of the market flow( ASK YOUR 8 YR OLD CHILD TO TELL YOU WHICH WAY PRICE IS MOVING)
TAKE ALL YOU CAN GIVE NOTHING BACK......LOL
If the kid can't tell you, close the trading station.
If you can't see a CLEAR level, WAIT.
Never looked at this chart before. (Is mxn the peso?)
Where were the trades?
What do we do now?
