Market Dynamics

hello forex factory members,

I trade based on present market condition. Which is understanding where is the market right now and what it is doing and what it is likely to do. Because market moves from one level to another . from one support level to resistance level ..vice versa . With this analysis you can choose right instrument to trade

... and from what we can see ... you know how to choose in perfection

choosing the right instrument is done by analysing long term charts support and resistence levels.....

From my experience, support and resistance and trend is the higher probability among other indicator. However, all still depend on MM.

You should consider several factors:

1). Go to daily and weekly charts and see which currency pairs are trending and which are moving sideways. Pick the trending pairs.
2). Find S/R levels and trade off those.
3). Be aware of news events and releases of economic reports issued. Never put on a trade before a news release. FF provides a good economic calendar. Use it.
4). Use good money management. Absolutely critical.

If you have less experience, do not trade Gold and GBP/NZD.... Try to use slower moving pairs. High speed give you more fake brakes.

Dynamics of market condition :

When the market gets rejected from an important level it is likely to continue in the same direction until atleast it hits the next level....and if market breaks through an important level it is likely to continue inthe same direction until atleast it hits the next level....so like wise market moves in swings from one level to next level..

To select the right instrument use long term charts ( daily, weekly or 4 hr ..) to identify direction and instruments. and use previous sessions high`s and low`s to entry...and use next long level to exit.....so by doing this you have right instruments, good entry, and exit...and apply money management technique...this is reward > risk...for this always adjust only position sizing instead of adjusting risk amount stop levels..