Your risk management should be your priority. Not a single trader made it big without paying very close attention to that. It is necessary to always risk only what you can afford to lose to be able to keep your emotions away from the markets! 🔥
Congrats guys! We just win eurgbp and eurcad. Abit more for nzdusd. I would like to add some tips. Please please please control your own margin. Sometimes i give you up to 400-500pips on 1 entry. Sometimes 100pips. It depends. All i want to say is, if you can’t wait for it to hit my Take Profit, you can always change your own Take Profit within my TP. Please don’t text me and ask ‘do i need to wait or close’ or ‘how sifu help me close or wait’ pleaseeeee, this is how you can learn. Don’t be greedy. If you’re the type of person who have no patience, just close as soon as you want. Okay guys? I hope i really help you guys out. And i hope before raya you can earn duit raya! Thank you for trusting me and MASAFX.
Mistakes are often the best teachers, don't get upset when you make mistakes.because without making mistakes
you will never learn.in trading you should stick to the rules, you can make small mistakes, its human, but if you broke the rule and you make big mistakes such as trading without a stop loss, this mistake will kill your entire account.
During an uptrend, these impulsive waves push prices higher in a relatively short period.
However, notice how the second rally above is much smaller than the other two. You could even argue that the entire middle section of the chart was corrective.
But as is the case with most topics in the Forex market, it’s somewhat open to interpretation.
In summary, impulsive moves within a downtrend are comprised of mostly bearish candles. Alternatively,
impulsive bull moves, like the USDJPY chart above, are made up of mostly bullish candles.
To learn more about this concept, i highly recommend you get my own ebook the candlestick trading bible,in this ebook i cover the most powerful trading strategies that you need to start a successful tarding carrer.check out the link in my bio.
this is an other example of how to trade impulsive moves using fibonnacci retracement levels.
i always use the 50% and 61.8 fibonacci retracements.use this strategy only in trending markets.
when you indetify a trending markets, you will see that price makes an impulsive move, and it will make a corrective move, in this case use the fibonacci retracementand and wait for 50% and 61.8 % fibo retracement.if the market forms a high probability candlestick pattern in these golden levels. don't hesitate to take your trade.
if you want to learn how to trade the market using my price action trading strategies, i highly recommend you get my ebook (the candlestick trading bible). if you are interested,check it out in my bio.
3 18315 hours ago
his is an other example that shows how you can enter the market when you see that buyers failed to stop
the downward move of sellers after the news release.this strategy works perfectly, but don't forget your stop
put your stop first before you enter because the market in this situation becomes very crazy.the strategy works
98% of time .and i share it with you as agift from me.thank you for your follow.
If you want to learn more, i highly recommend you to get your copy of the candlestick trading bible.this ebook covers all my own strategies and tactics.you don't need to spend 3-5 years to learn how to trade, or to spend 2000 dollars
on courses. iam here to help you if you are ready to learn. if you can buy my ebook go for it.if you don't have money, learn from the free content.
The ebook costs only 47$. it is 168 pages, and it covers all what you need to become a profitable trader.
if you are interested chekc out the link in my bio or send me a private message.