7 Attachment(S ) ) Fibonacci-Woodies Scalping Trade Strategy
I have always thought that coming to a crossroads in your life and making a choice, taking a true route, when you sacrifice everything for a new beginning, is a really good instance of passion, hard work and destiny. I always knew what was right and what was wrong but I never took it, until today. You know why? Because, it's very hard. Today I decided to write about my egy since I need to share this thread with you. If you're going to make a choice to become a professional trader and make a living of this, than you have to know about what's involved in this life style: sacrifice, passion, hard-work, perseverance, routine, and last but not long person research. And although you have passed all these ex, your success is not guaranteed. I really don't have the secret that is key to success, nobody does. I can however tell you that, when you have sufficient patience and perseverance eventually you will be profitable. Earning money consistently is your final goal. Any trading egy would be a”trust” built up by its builder that thinks that he can pass that on to you. Sometimes, believing in a model puts you a step forward in this conflict and your emotional soul is pleased to see this occurring. But don't get confused or overconfident even if it had a lot of testing. Any trading egy is a whole group of indiors set that did an excellent job showing, what occurred on the market. What's going to happen is a blank page, no one understands, we are just imagining and making predictions. As a matter of reality is in your power to understand the market and examine it like a novel, the way the currencies move and the way they interact between them. Choose few pairs which match you better and get started learning about them. Soon you'll be amazed of the progress you're making.
As we all understand patience plays a big part in trading and having a trading egy a part of your success. Stick with your own trading egy applied to your Forex charts and don't be discouraged if you're wrong. If you see a commerce and pull on the trigger then you understand on your subconscious that you just did the ideal thing. If you do not, then your emotions are overwhelming you along with your gut feeling is telling you how to go into the market in the wrong moment whishing to be out before needing to be in. So, here is what I have for you:
Pairs Traded: EUR/USD, GBP/USD, EUR/JPY, USD/JPY and USD/CHF (a very good cross divergence benchmark for EUR/USD fad ).
To produce this method a success you have to stay with the principles and enter trades whenever you have the indiors providing you with the signal. You could achieve 8 or 9 days out of 10, at least short term trades. Based upon your daily target, I would say that 30-50 pips are a reachable goal. Don't expect to be more profitable every single day. Even, if you're a professional that is not going to occur. Those two times when you're having losing trades could damage your own ethical. Don't let that occurring. Do everything in your power to deal with your emotions. Don't overtrade wanting to maintain every move of this market. The majority of the time 1-2 trades a day it's sufficient to cover your goal. Don't give back anything from what you have made by being overconfident. Stay focused and calm, because tomorrow it's another day with countless trades waiting for you.
The thread can be nicely utilized for scalping on 5M/15M/30M/1H. This technique is for Meta-Trader 4 users only. You can download the newest edition of the MT4 with one of the many present brokers on the market.
All the indiors I am using you can download from Meta-Editor, Indiors or out of that page. This is the way I have them renamed and setup in my chart:
1) Float-mi
two ) Brain Trend1Sig
3) FiboPiv_v2
4) Bands
5) EMA 8
6) SMA 200
7) Fib Tool (Fibonacci Retracement setup tool)
8) CCI_Woodies_Lnx_v3_1
9) FX5_MACD_Divergence_V1.1
10) StochHistogram
11) Laguerre-ACS1
Please follow the attached documents for a complete detailing of the indiors.
Hope it will help,
See you on the flip side
https://www.forexforum.co.za/attachm...1578135406.pdf
https://www.forexforum.co.za/attachm...1583437663.mq4
https://www.forexforum.co.za/attachm...1833252824.mq4
https://www.forexforum.co.za/attachm...2129928638.mq4
https://www.forexforum.co.za/attachm...0824292052.mq4
https://www.forexforum.co.za/attachm...912089710833.1
https://www.forexforum.co.za/attachm...2009040901.ex4
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