Here is my idea about divergence by using macd.
First thing first, trend never stays in one direction forever. Sometimes it moves up and sometimes it moves down but how do we know that in anytime of near future we are expecting a reversal.
In the pic below, we can clearly see that on AUDUSD trend is massively down from arrow area and everyone is...
Here is a great example on why it's so important to stick to your plan and follow your rules 100%!
GBPAUD 60min Bear TCT: Notes are on the chart
Would you have been disciplined enough to watch the market get 99.9% to Target #1 and sit through a 150 Pip Reversal and losing half of your profits? Then watch the market come down and Double Bottom just ahead of...
1 - Never trade with money you cannot lose.
2 - Always stick to your plan.
3 - The 1% rule is 1% of your total funds / 4 = how much you should risk per trade. For example: if you have 20000$, 1% = 200/4 =50$ risk
4 - There are around 20 trading days in a month since trading is closed on weekends. You want to enjoy freedom.
5 - After you reach...
Forward testing your strategy :
After you have made up your mind about what and how you are going to trade, there are 2 options, backtesting and forwardtesting. The benefits of backtesting is that you gather a lot of data about your trading plan in a short amount of time. The drawback however is that there is very little involvement or emotion in it. In...