A Quick Trade Plan for Newbies
The best way to trade the Strength Meter by GB is to combine it with " High-Impact Risk Events."
So, if you are using Forexfactory, YOU HAVE to take advantage of the Economic Calendar.
After the News report, Retail Traders won't know what to do until the Big Boys (Institutional traders )
establish a clear Trend, then after that, you trade the FOLLOW THROUGH.
At 4:30amCST today, we had that UK Construction PMI, the number came out positive, but there's not
much action yet. It feels like the market doesn't want to go UP at all...
So, despite the Indecision, GhostBiker systems indicates that we should be looking for Long Trades on GBP Pairs.
Be Patient and wait for the right time to ATTACK.
Note: The News doesn't matter. What matters is which group is doing the buying or the selling after the news.
The best way to trade the Strength Meter by GB is to combine it with " High-Impact Risk Events."
So, if you are using Forexfactory, YOU HAVE to take advantage of the Economic Calendar.
After the News report, Retail Traders won't know what to do until the Big Boys (Institutional traders )
establish a clear Trend, then after that, you trade the FOLLOW THROUGH.
At 4:30amCST today, we had that UK Construction PMI, the number came out positive, but there's not
much action yet. It feels like the market doesn't want to go UP at all...
So, despite the Indecision, GhostBiker systems indicates that we should be looking for Long Trades on GBP Pairs.
Be Patient and wait for the right time to ATTACK.
Note: The News doesn't matter. What matters is which group is doing the buying or the selling after the news.
Have an INVESTOR Mindset, but Trade like an ENTREPRENEUR