Are you really that BRAINDEAD?

OANDA:USDCAD   U.S. Dollar / Canadian Dollar
We can see price is currently at a very strong resistance level that has been respected time and time again, And yes we are expecting price to do the same again and make a bearish run possibly down to our support zone that has also been respected numerous times.

Trading really is simple if you strip back the charts and look at price action rather than overloading your charts with indicators that stop you seeing clear price action... Do you think the big banks that manipulate the markets use loads of indicators... or just set orders at key levels?

The problem is there's so much rubbish about on the internet that teach you the wrong way to trade, but people believe it and think its the correct way to trade... this is why 90% of retail traders fail.

So just simplify your charts and you approach to trading and if you are using the correct risk management you will not fail.
Like this idea and watching for price to close back below the red box before entering.

I guess only thing is price is eventually going to break away from one of those areas so if you keep trading them you need to anticipate a loss at some point
+1 Reply
@DavidPortaro, Correct, this is why we always keep a tight SL so if it is hit no harm done but if the level holds then the rewards are good.
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