Dislikedciao Nasir / Mbqb11
one single question please...
about 10 days ago I asked for some advice about how to start with forex education, you gave some suggestions and after being studying this threads first pages I just would like to ask you if you could please check me if I am on the correct path...
working on daily as James suggests to newbie...
first: identify an area to be determined with PPZ and/or Fib (confluence)
second: wait for PA to happens inside that area
third: take the trade according to PA rules
fourth: place SL ...but still didnt...Ignored
Your fibs are drawn right, but not for each other. The larger fib would be used when looking to go long, and the other fib would be when looking to go short. You want them going the same way.
So here is an example.
Let me know if that helps
Mike