INTRODUCTIONWelcome to my thread, i began trading 15 years ago and i learn a lot of things during my years of trading which some are necessary and while some are just waste of my precious time, i have blown almost 16 which most of them are not my money but the money of some people i talked to and decide to invest in my trading and i notice forex is more than i think so i keep making research and put things together until i finally found my way around the market, i use fundamental analysis for direction only and use technical analysis for entry and exit.
By saying fundamental we have to keep it in mind that even the so call low impact affect the market greatly and i have make some good pips around that only.
My trading plan is just for small pips and its around 8 to 30 pips depending on the strength of the market
Note: i trade any news that move the market surprisingly.
I will upload the tools i use here and template for each currency
1. You have to know the location of accumulation and Distribution and draw the support and resistance zones which will be use for entry and exit
2. Know the sentiment of the fundamental of the news of the day
3. Check the currency strength for surprisingly volatility (note that market don't like large candles most times it is a reversal signal)
4. Check the Strength meter for wide and big strength
#1 USDJPY ( No news Strength i use for reversal only)
Indicators.zip 153 KB | 367 downloads