DislikedHi Gator, Attila, Hatch and all experienced traders, I have a problem in choosing the currency or commodity to trade. How you choose ? When I enter long eurusd, i see that gbpusd long is better then eurusd. Or audusd short is better than eurusd short at times when usd is stronger. Which tool you use to know which pair to trade ? As you know, when usd is weaker all currencies against usd go stronger but some moves fast and others slow......Ignored
aussie is best trending pr of all to trade, find your majority trends in all tf,s and then decide which tf you going to base, then go lower tfs for entries targets sl etc
if that is little confusing maybe find the trend for all tf,s if the majority is up, bro trend is up, then decide which tf you gong to trade, trend should be up, then go lower tf,s and find one where trend is down and look for signs of bull or bear weakness there is entry (possible entry) for buy dips in a bigger uptrend,
This is simple form, must consider as much other information as possible S/R especially and candle patterns, ie if looking for bull or bear weakness the bigger up trend, generally a pattern will start to build to support you entry, don't be hasty and wait for good signs if don't get them then is no entry, if you get bad entry is your fault, but bigger trend could save your butt or sl will protect your account :nerd: forget indicators :nerd:use PA
If you are new to Forex? Say Goodbye to your account!!