01-12-2022, 02:26 PM
Sorry for the delays traders, got so much stuff to do and monitor. I will try to complete this tutorial in a week or so. Honestly there's nothing much to it except few rules to watch-out for and be mentally be prepared. So please DON"T overthink about this strategy. Like I said before it's CLASSIC and still working in today market condition and will SURELY work for generations to come.
So without further ado, lets start our FIRST LESSON.
PS: I won't be wasting times with FX terminology, I prefer go straight to the point bit-by-bit.
Let's all start.
I'll be using GBPUSD chart throughout this lesson, you can try with other pairs but for now just follow along and be on the same page as me.
Now ask yourself, where will be our entry point if you were to trade this pair. It doesn't matter right or wrong (I simply don't care), but just be truthful to yourself. Go back to your MT4 chart and point out where will you take orders if you were to trade this pair, and followed with your TP and SL. Of course you could analyze using any timeframe to determine your entry point, I just need your order details and we will together see the outcome. You could use whatever strategy that you're currently using for this example.
PS: I'm relying on the 5 willing participants from the previous thread to share their outcome but others are welcome too.
PSS: If anyone has any better name for this type trading strategy, do share it here so that I could change it.
So without further ado, lets start our FIRST LESSON.
PS: I won't be wasting times with FX terminology, I prefer go straight to the point bit-by-bit.
Let's all start.
I'll be using GBPUSD chart throughout this lesson, you can try with other pairs but for now just follow along and be on the same page as me.
Now ask yourself, where will be our entry point if you were to trade this pair. It doesn't matter right or wrong (I simply don't care), but just be truthful to yourself. Go back to your MT4 chart and point out where will you take orders if you were to trade this pair, and followed with your TP and SL. Of course you could analyze using any timeframe to determine your entry point, I just need your order details and we will together see the outcome. You could use whatever strategy that you're currently using for this example.
PS: I'm relying on the 5 willing participants from the previous thread to share their outcome but others are welcome too.
PSS: If anyone has any better name for this type trading strategy, do share it here so that I could change it.