- February 4, 2019
- Posted by: Forex Wiki Team
- Category: Free Forex EA
Whats up Forexwikitrading group. Its been awhile since I posted right here. That is my humble buying and selling journal.
I made a decision to maintain observe my commerce and enhance my buying and selling ability.
Be happy to affix me!
Replace : 4/2/2019
Telegram Channel : Click on Right here!
Technique :
Simple value motion. My supporting device can be Superior Oscilattor and Fibonacci for Takeprofit & Cease Loss.
Entry Setup :
Intraday / Swing (Typically)
TimeFrame :
M30, H1, H4
Pair :
Strictly forex and commodity solely.
Phrases :
SBR = Help turn into Resistance
RBS = Resistance turn into Help
Up Arrow = Help
Down Arrow = Resistance
H = Excessive
L = Low
HL = Greater Than Low
LH = Decrease Than Excessive
HH = Greater Than Excessive
LL = Decrease Than Low
A1. Help and Resistance
SUPPORT : Occurs when value transfer from high to backside however fail to penetrate one line/zone and bounce up. "Any half at which the market stopped happening and turned up".
RESISTANCE : Occurs when value transfer from backside to high however fail to penetrate one line/zone and bounce down. "Any half at which the market stopped going up and turned down".
A2. Breakout and Function Reversal Phenomenon
BREAKOUT : Price managed to penetrate Help or Resistance which is some extent/line/zone the place alternate perform of Help and Resistance occurs.
ROLE REVERSAL : Help and Resistance already alternate perform at line/zone of SBR, RBS
SBR : Help Grow to be Resistance
RBS : Resistance Grow to be Help
The Large Image
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Second Lesson - Development by JGV100
A. Development
PRICE ACTION (PA) : The way in which to establish present development = THE BEST LEADING INDICATOR
A1. UPTREND : A collection of rising peaks and throughs (L, H, HL , HH)
L = Low
H = Excessive
HL = Greater Low
HH = Greater Excessive
PA UPTREND : L - H - HL - HH - HL - HH & SO ON
ACTION : UPTREND = BUY ONLY
Uptrend Price Action Instance
A2. DOWNTREND : A collection of descending peaks and throughs (H, L, LH , LL)
H = Excessive
L = Low
LH = Decrease Excessive
LL = Decrease Low
PA UPTREND : H - L - LH - LL - LH - LL & SO ON
ACTION : DOWNTREND = SELL ONLY
Downtrend Price Action Instance
B. Fundamental of Buying and selling CSR100
3 IMPORTANT THINGS THAT YOU NEED TO REMEMBER AND FOLLOW WHEN TRADING!
1. TRADE WITH THE TREND : Development is your good friend. Deal with development as your "lover". Don't ever commerce towards the development. Its simpler to revenue while you "Commerce with the Development" in comparison with "Commerce towards the Development".
UPTREND : BUY ONLY
DOWNTREND : SELL ONLY
2. BUY AT SUPPORT : Patrons enter the market at Help and take management from the sellers. It means, enter "BUY" solely at "SUPPORT". It's fallacious in case you purchase at Resistance.
CSR100 approach : Purchase at RBS (Resistance Grow to be Help)
3. SELL AT RESISTANCE : Sellers enter the market at Resistance and take management from the consumers. It means, enter "SELL" solely at "RESISTANCE". It's fallacious in case you purchase at Resistance.
CSR100 approach : Promote at SBR (Help Grow to be Resistance)
You could ask any questions relating to my commerce. Principally, all of my put up are sign primarily based. And commerce at your individual threat, in case you needed to comply with. I'll share my chart homework. Cheers!
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