In the Forex market there's a lot of skills needed to be obtained before you can become successful at it, the two obvious are time and experience.
I will tell you about the time aspect, just like a boxer or in any sports one skill is INTUITION - knowing something is going to happen before it actually happens and the only way to obtain it is by spending a vast amount of time back testing and getting your eyes use to entries points.
Depending on your trading style this way of learning will help you see a move before its actually happened and not only that it will give you solid precision on your entries.
HOW TO BE DONE :
1). you mark out where you saw the start of the move, look at how the candles are formed, what pattern is forming, what the candles look like on the daily timeframe and 4 hourly timeframe, what key levels are broken etc etc..
2). Then, you can mark out where the best price is to enter which is the (BLUE CIRCLE)
3). Finally, you will find an E.P(END PRICE) where you'd like to exit your trades.
if this is done for 6 - 9 months every few days, I use this personally for my daily routine which is 1 hour a day just doing this exercise but if done for as long as I said you will successfully be able to enter at a good price and exit at a good price why? because you have already trained for it and this is also a good way on building a great habits for exiting and entry points.
I will tell you about the time aspect, just like a boxer or in any sports one skill is INTUITION - knowing something is going to happen before it actually happens and the only way to obtain it is by spending a vast amount of time back testing and getting your eyes use to entries points.
Depending on your trading style this way of learning will help you see a move before its actually happened and not only that it will give you solid precision on your entries.
HOW TO BE DONE :
1). you mark out where you saw the start of the move, look at how the candles are formed, what pattern is forming, what the candles look like on the daily timeframe and 4 hourly timeframe, what key levels are broken etc etc..
2). Then, you can mark out where the best price is to enter which is the (BLUE CIRCLE)
3). Finally, you will find an E.P(END PRICE) where you'd like to exit your trades.
if this is done for 6 - 9 months every few days, I use this personally for my daily routine which is 1 hour a day just doing this exercise but if done for as long as I said you will successfully be able to enter at a good price and exit at a good price why? because you have already trained for it and this is also a good way on building a great habits for exiting and entry points.