{quote} I used this during my first 6 months of Forex trading, trying to catch the reversal point in USDJPY because the RSI was Too overbought on 30mins, 2hr, 4hr, daily and weekly timeframe. LMAO, got screwed many timesGlad my positon was not that big back then, i would already blow my account. Hard truth for newbie, if you want to learn how to constantly win in Forex trading, forget everything you've learn on youtube, cause majority of these dumbos took the aftermath development, and subsequently they are so-called 'professional trader'...
(1) Trade the market (2) use the indicator in trading.
Even Banks and Financial institution's still uses indicators.
You can use anything that is not completely bad to make consistent profit in trading when you know what to look for
in your trading and that will also mean you know how to trade.
One can still fail badly even when he uses naked chart when he doesn't know how to trade or what to look for.
If am wrong, correct me.
Cheers
THE TRUTH IS SIMPLE,ACCEPTING THE SIMPLICITY OF THE TRUTH IS WHAT IS HARD
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I have taken some trades off the table. For me, pull backs towards 1.12139 weekly pivot or 1.12000 can be seen as buy opportunities as I am in a buying cycle from a 4 hour/daily perspective. Having said, it is important for bulls to have a higher weekly close above 1.15000 to swing the pendulum. All trades are locked in b/even and some and price must do what it has to. Have a great evening, Cheers. {image}
!! Radha Radha !!
