Xauusd
Trading Tips:
-Do not put your stop loss under bottom or above top.
Why?
Because they easily hunt your stop loss.
-Believe or not it takes several years you learn how and where to put your stop loss.
I am trying to help new traders , those who are trading for first year and need this tips.
-Never put your stop loss on left shoulder.
What is a left shoulder?
You may heard about head and shoulder pattern ,so may can now understand what i men.
I can not explain more for you about this but i will try to show you how to put a safe stop loss ,where to put it ,when to move it.
I very like to help starters because i know what a hard business you started.
Please notice this is not easy but every trader can learn and improve his/her skills day by day.
First five years you may have a series of failure and victory ,but if you do your homework i promise you can find your way .This is where you blow many accounts;).
Use a journal and write everything on it .
-When you want to analyze simply go to daily time frame and find fresh supply demand zone ,find support and resistances.
-Find swap zone.
What is swap zone.
Where price changed to other one , we had a supply zone but buyers clear all sell orders and now this zone is demand and we may buy on this zone when price visit it again.
Change in price behavior.
And vice versa for demand zone that price action changed it to be a supply zone.
I hope this may help you .
Have a great week end
Trading Tips:
-Do not put your stop loss under bottom or above top.
Why?
Because they easily hunt your stop loss.
-Believe or not it takes several years you learn how and where to put your stop loss.
I am trying to help new traders , those who are trading for first year and need this tips.
-Never put your stop loss on left shoulder.
What is a left shoulder?
You may heard about head and shoulder pattern ,so may can now understand what i men.
I can not explain more for you about this but i will try to show you how to put a safe stop loss ,where to put it ,when to move it.
I very like to help starters because i know what a hard business you started.
Please notice this is not easy but every trader can learn and improve his/her skills day by day.
First five years you may have a series of failure and victory ,but if you do your homework i promise you can find your way .This is where you blow many accounts;).
Use a journal and write everything on it .
-When you want to analyze simply go to daily time frame and find fresh supply demand zone ,find support and resistances.
-Find swap zone.
What is swap zone.
Where price changed to other one , we had a supply zone but buyers clear all sell orders and now this zone is demand and we may buy on this zone when price visit it again.
Change in price behavior.
And vice versa for demand zone that price action changed it to be a supply zone.
I hope this may help you .
Have a great week end