DislikedHello strat,
From what I understand, your trade begins with:
1. Identify support & resitance area
- I've tried to draw the lines using weekly EU chart. I hope I'm doing it right.
2. Identifying reversal patterns on chart. Hammer, Engulfing etc.
- For now, I can only remember hammer, hanging man, engulfing & shooting star. They are not accurate in shape, but I'm seeing the candles as buyer & seller fighting for position each time.
2. Planning your trade by putting SL & TP.
- SL are put away from 'noise'. TP(approximately) on support or resitance...Ignored
15 YEARS OF PASR ON FOREX FACTORY!