OK I will put in a little bit of advice
1: DO NOT THINK, trade what the PA is doing
2: Select three pairs and study/analyse/follow only them for 3 months – learn what they do at certain times – news, speeches, different market times and become an expert on them
3: Do not jump on the Signals just because they are there – if they are not in your study book ask yourself why do it –I don’t, if there is a signal that’s in my repertoire and I agree (that’s important I may take it but generally I have already been in that signalled trade up to 1-2 hours before because I watch and understand different times of the day
4: What’s that I said – different times – well here is the Asian session – in chart time
00:00 Sydney open
02:00 Tokyo open
02:55 Tokyo fix
03:00 Tokyo equity and cash markets open
04:00 China open
05:00 Sydney lunch
7-8:00 China lunch and Tokyo return from lunch
09:00 Frankfurt open
10:00 London open
11:00 London cash and equity markets open
12:00 China close
Every one of these can and usually does have an impact on PA at a smaller time frame and can cause whipsaws and confusion.
Learn what is happening
5: PA moves in waves – my general watch is China open and an hour after ‘generally’ forms a swing point and the PA on many pairs goes in that direction until China closes – some in a nice semi jagged live, others like a bowl of alphabet soup – however some move from Tokyo open - either way I'm not interested until at least Tokyo open and I'm out when China closes.
Point is, learn your pairs, learn what happens during the day and learn some trading basics.
إخلاء المسؤولية: الآراء الواردة هنا تعبر فقط عن رأي الكاتب، ولا تمثل الموقف الرسمي لـ Followme. لا تتحمل Followme مسؤولية دقة أو اكتمال أو موثوقية المعلومات المُقدمة، ولا تتحمل مسؤولية أي إجراءات تُتخذ بناءً على المحتوى، ما لم يُنص على ذلك صراحةً كتابيًا.
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