Thank you so much Geo for your advice, I have been trading forex for about three years now and havnt made any profit but still trying my best to have a successful career in FX trading, blew up a few account nothing huge a couple of hundreds maybe total of 2000 dollars in all, at this point am not really loosing but seem to have a problem gaining consistently, I win this week and tend to lose the next, one thing I have in me in confidence that I can earn a good income from forex and will NEVER give up no matter how long it takes.
I have two questions for you.
1. do you really agree that a trader can not be successful trading strictly lower time frames ( 1, 5, 15 mins), I tend to appreciate this timeframes better because of my personality.
2. I have attached three charts for the USDCAD, Monthly, weekly and daily, now we know that this pair has been trending upwards for some time now, but I dont see the three charts aligning as your suggested in your last post, do you mean you would stay away from a long position in this pair based on your trading method.
3. Risk to reward ratio is it very important and in your opinion what has worked for you the best 1:1, 2:1 or 3:1 or even better RR
Could you have time to attach a few charts, sorry if I am trying to bother you but I just like your approach to trading and want to learn something about it
I have two questions for you.
1. do you really agree that a trader can not be successful trading strictly lower time frames ( 1, 5, 15 mins), I tend to appreciate this timeframes better because of my personality.
2. I have attached three charts for the USDCAD, Monthly, weekly and daily, now we know that this pair has been trending upwards for some time now, but I dont see the three charts aligning as your suggested in your last post, do you mean you would stay away from a long position in this pair based on your trading method.
3. Risk to reward ratio is it very important and in your opinion what has worked for you the best 1:1, 2:1 or 3:1 or even better RR
Could you have time to attach a few charts, sorry if I am trying to bother you but I just like your approach to trading and want to learn something about it
10 pips a day keeps poverty away