- Friday NY sessions are not that volatile normally. If you only trade the NY sesson, take your day off
- If you have orders open on Friday, it's wise to close them unless you are a position trader. You don't want to be caught by a big gap on Sunday open due to speculations or an unplanned high impact news event that occured during the weekend
Manoj89's Blog
LATE FRIDAY AND SUNDAY OPEN
INTRADAY TRADING CONFIGURATION
INTRADAY TRADING CONFIGURATION
- BIG PICTURE timeframe: Daily chart as our supply/demand curve and bigger picture direction
- INTERMEDIATE TIMEFRAME: you can use H4 as intermediate timeframe and align it with the D1 to get both Tfs aligned for an entry on the lower ones
- EXECUTION timeframe: H1 chart.
Why Emotions Are A Problem?
Certainty in an executed trading idea is often a guise for greed and fear. As a trader, it is important to have a plan which focuses on entry triggers, trade size, and risk to reward ratios so that you’re acting in a mechanical manner. However, you should also be willing to exit your trade or accept the fact that moving forces in the markets can change quickly so you can avoid the painful experience of holding on to and closing out larger losses than winner.
Emotions Alone Would Cause a Trad…
Emotions Alone Would Cause a Trad…
Popular Forex Currencies
Eight Majors
Unlike the stock market where investors have thousands of stocks to choose from, in the currency market, you only need to follow eight major economies and then determine which will provide the best undervalued or overvalued opportunities. These following eight countries make up the majority of trade in the currency market:
Unlike the stock market where investors have thousands of stocks to choose from, in the currency market, you only need to follow eight major economies and then determine which will provide the best undervalued or overvalued opportunities. These following eight countries make up the majority of trade in the currency market:
- United States
- Eurozone (the ones to watch are Germany, France, Italy and Spain)
- Japan
- United Kingdom
- Switzerland
GBPCAD TARGET ACHIEVED.
Hello traders this is Manoj89 , I am trading on supply and demand levels not using any indicator or oscillators I want to share one of my successful trade which is GBPCAD. I planned to BUY it because price was in demand level where demand exceed supply level and price also made new Higher High so it was high probability trade which was offering (1:2.8[b]) RISK REWARD which was good deal.See the chart before taken entry.
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RESULT
Thank you.
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RESULT
Thank you.
EURGBP TRADE TARGET ACHIEVED.
Hello traders this is Manoj89 , I am trading on supply and demand levels not using any indicator or oscillators I want to share one of my successful trade which is EURGBP. I planned to short it because price was in supply level where supply exceed demand level and price also made new Lower Low so it was high probability trade which was offering (1:2.5) RISK REWARD which was good deal.See the chart before taken entry.
Result.
Thanks & Regards
Manoj89
Result.
Thanks & Regards
Manoj89