Greetings to all traders,
As we know that as beginners, we are often trapped in complicated situations in reading charts so that the hope of getting a profit turns out to be a loss. For that, I advise you to follow the directions of several important indicators and not rely on your own hunches.
I suggest you to use the following indicators:
1. Awesome
2. Fibonacci in the form of Moving Average
3. Daily pivots with S / R
Time frame is 1 hour, stop loss is 30 pips and Target is between 30 to 70 pips. Please avoid setting very large daily targets such as 100 pips or greater as this can be a dangerous trap. I suggest that you use Euro / USD or USD / CHF because they are both more stable.
You also have to recognize candle formations before entering. For example, all indicators have given orders to buy, so you need to see whether the market is ranging in the last 3 or 5 hours, if 'yes' then you need to start entry buy at lower support. It will be clearer after you look through the picture.
Please use a Demo account as long as you learn this method or use a small amount of capital to open a position for real account.
Thank you
Bale
As we know that as beginners, we are often trapped in complicated situations in reading charts so that the hope of getting a profit turns out to be a loss. For that, I advise you to follow the directions of several important indicators and not rely on your own hunches.
I suggest you to use the following indicators:
1. Awesome
2. Fibonacci in the form of Moving Average
3. Daily pivots with S / R
Time frame is 1 hour, stop loss is 30 pips and Target is between 30 to 70 pips. Please avoid setting very large daily targets such as 100 pips or greater as this can be a dangerous trap. I suggest that you use Euro / USD or USD / CHF because they are both more stable.
You also have to recognize candle formations before entering. For example, all indicators have given orders to buy, so you need to see whether the market is ranging in the last 3 or 5 hours, if 'yes' then you need to start entry buy at lower support. It will be clearer after you look through the picture.
Please use a Demo account as long as you learn this method or use a small amount of capital to open a position for real account.
Thank you
Bale
+ momentum.
