I've been learning to trade since 2006. Sadly I've not been profitable.
I recently been acquainted with an app known as currency strength meter. By Dr Simon (who turns up to be a scam) at sifuforex. Anyway long story short I like the idea of letting the market run first then enter on a pullback.
Resource - This is the tool I've been using.
It is an iphone app - Forex Strength Meter
https://itunes.apple.com/gb/app/fore...er/id474439550
Also if I didn't bring it along, I would view on the Finviz forex performance chart.
http://finviz.com/forex_performance.ashx
If anyone doesn't know what is a CSM (currency strength meter) view below
http://www.forexfactory.com/showthread.php?t=121839
My problem, need advise to clean up act.
When the app shows the extreme end of the currency, i.e as below above
I go to NZDJPY and watch.
.
1. Whenever I enter on the buy, the market inches up and then reverses. I got fake and then I have to cut losses.
What and which indicators or price action should I use to find out if price would continue?
2. How to find potential trade when you are always chasing what had happened?
To be continue...
I recently been acquainted with an app known as currency strength meter. By Dr Simon (who turns up to be a scam) at sifuforex. Anyway long story short I like the idea of letting the market run first then enter on a pullback.
Resource - This is the tool I've been using.
It is an iphone app - Forex Strength Meter
https://itunes.apple.com/gb/app/fore...er/id474439550
Also if I didn't bring it along, I would view on the Finviz forex performance chart.
http://finviz.com/forex_performance.ashx
If anyone doesn't know what is a CSM (currency strength meter) view below
http://www.forexfactory.com/showthread.php?t=121839
My problem, need advise to clean up act.
When the app shows the extreme end of the currency, i.e as below above
Attached Image
I go to NZDJPY and watch.
Attached Image
1. Whenever I enter on the buy, the market inches up and then reverses. I got fake and then I have to cut losses.
What and which indicators or price action should I use to find out if price would continue?
2. How to find potential trade when you are always chasing what had happened?
To be continue...
Forex Price Action Hacked - Price Action Rockstar