If you have poor psychology you will struggle
Salam guys,
and Eid Mubarak
Arsalan, what exactly is your trading strategy? I too prefer to trade short term, but struggle with timing, hence am searching these forums to learn.
Do you trade solely based on the BB_Bands indicator or do you focus support/resistance levels ?
(I am relatively new to trading)
and Eid Mubarak
Arsalan, what exactly is your trading strategy? I too prefer to trade short term, but struggle with timing, hence am searching these forums to learn.
Do you trade solely based on the BB_Bands indicator or do you focus support/resistance levels ?
(I am relatively new to trading)
HMSR
- #64
- Last Post: Jul 9, 2016 5:33am Jul 9, 2016 5:33am
- Joined Jan 2016 | Status: Contrarian Trader | 846 Posts
Salam guys, and Eid Mubarak
I am a short term trader i.e. dont keep positions open for more than day or two...
Support and resistance levels also play a key role... while going with Bollinger bands..
I dont rely solely on BB indicator alone. I also use SR Levels to trade...
Parabolic stop and reverse can give u entry and exit signals on shorter time frames like 30 minutes or 1 hour...
use the settings 0.02 and 0.2 for Parabolic Stop and Reverse in both time frames... along with bb indicator which i have shared with you...
I have used this strategy for this account... look for first bearish candle when red dot appears on 1 hour chart or 4 hr chart...
then for sell place your entries on 30 min TF or 15 minute TF using Parabolic SAR which is included with every MT4.. with the setting provided... and for buy opposite of
the method explained earlier....
Happy trading
Cheers
Markets are Irrational