DislikedFood For Thought 2024 1) When trading with lower TF's - you must learn the hardest Rule about Stop Losses - 1 to 3 candle Stops - make a decision and stick to this Candle Stop Loss Rule no matter what - protect the Balance even if you lose more initially - be disciplined. 2) This Trading Game is about Odds and Probabilities NOT Lambo's - the first 3 candles on a reversal are the highest odds in your favor - use this knowledge. 3) Do NOT switch TF's, find a TF YOU like and stick to it - your mind needs consistency to make decisions. 4) Write down...Ignored
5) Settle on 2-3 systems/methods as presented in this thread. Ideally they should work in ALL market conditions.
6) Know and master a handful of pairs or markets. Some traders on FF only trade ONE pair e.g. Ata-turkoglu in he EURUSD Only forum.
7) Be intimate with the calendar and know when RED economic impacting announcements are scheduled e.g. NFP, FOMC CPI
I can do all things through Christ who gives me strength
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