Sequence of Analysis

1. Let the market stretch
2. Support / Resistance
3. Price Actions
4. MACD / Stochastic
5. Overbought / oversold - two long candle (hourly / 4H / Daily

Sunday, November 1, 2009

Ultimate Focus - Winning Pips

Trading in forex has too many thing to look at and consider before making your move to open a trade position. Many things involve such as time, technical indicators, economy data release, market volatility movement, etc to consider before entering the trade. This often resulted in trader's lost of concentration and fail to recognize the ultimate goals which is the green pips.

Being too technical with no regards to instinct can bring more devastating effect to a trader because they don't always achieve their goals as expected based on analysis. As for those who merely focus on making pips can be more profitable and less stress because they only focus on making the green pips. So the advice for those who are very technical just get relax yourself and discover the feeling of making green pips instead of focusing on the chart.

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