Some are still confused with the stockings. Remember: the more they are together, the stronger the direction. If they start getting tangled, prepare for pause or reverse.
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Some are still confused with the stockings. Remember: the more they are together, the stronger the direction. If they start getting tangled, prepare for pause or reverse.
Do not operate in range with this system. Laterality it eats the commissions. This scalping needs movement and direction, not a sleeping market.
I have tried this approach with actions and it works as well, but look at spreads. In forex, low spreads make all this much more viable.
One more thing: don't get married with a single pair. Choose those that have good volume and are in trend. The market gives you options, don't hold on to the dead.
Many people ask me how to know if the price "breaks" or "finge." You only learn that by seeing a thousand times how it reacts to levels. There is no shortcut.
Today I operated only EURUSD and GBPUSD. Both with clean movements. The secret was to wait for the breakup and pullback just to the level of confluence.
Those who insist on seeking confirmations of three indicators before entering, are not ready for scalping. Here you decide in seconds. Either you enter with conviction or you do not enter.
Really, if you come in with fear, you'll always close with losses, trust your analysis, and if you don't trust it, then don't come in.
One trick I use is to see the spread before each operation. If the spread is high at that time, step. I am not interested in losing 3 pips just by entering.
This system is not to make you a millionaire in a week. It is to learn to be consistent, to make decisions logically and to dominate your execution. The rest will come alone.