For those of you with daytime jobs , you can trade the Daily chart timeframe.
If you scan through all 28 pairs everyday you will find 3 to 5 good trades set-up using the price volatility using the 5SMMA High Low aka the Price Action Channel PAC.
Entry and Exits are simple to follow and are very clear.
Avoid taking trades when the price and HA candle is within the PAC High-Low. You can miss a few trades but it is okay because the rules are clear and you follow your basic rules with strict discipline.
As you gain more experience, you will learn how to see the price action with the price bars and then with more knowledge and trading experience, yiu will learn and be able to take more trades with price action and manage your trades better.
Start with the CONSERVATIVE approach then slowly move one to be AGGRESSIVE as you gain more trading experience. This has been my message for many years specially for newbies and new traders following this TMS 5-Method thread.
Pay attention to details on the chart below. Write down what you see and learn especially on when not to trade.
If you scan through all 28 pairs everyday you will find 3 to 5 good trades set-up using the price volatility using the 5SMMA High Low aka the Price Action Channel PAC.
Entry and Exits are simple to follow and are very clear.
Avoid taking trades when the price and HA candle is within the PAC High-Low. You can miss a few trades but it is okay because the rules are clear and you follow your basic rules with strict discipline.
As you gain more experience, you will learn how to see the price action with the price bars and then with more knowledge and trading experience, yiu will learn and be able to take more trades with price action and manage your trades better.
Start with the CONSERVATIVE approach then slowly move one to be AGGRESSIVE as you gain more trading experience. This has been my message for many years specially for newbies and new traders following this TMS 5-Method thread.
Pay attention to details on the chart below. Write down what you see and learn especially on when not to trade.
Honesty is a very expensive gift. You wont find it in cheap people.WBuffett