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Best forex system ever


best forex system ever

this works. This is my interpretation of the system and how I currently trade. Is there often a reaction once the price reaches this point? At this point, we would enter short.

The 10 Best Forex Strategies - AuthenticFX
What was the best and simplest trading system ever?
The Best Forex Trading Strategy Ever - Trend Following System
50 pips best trading system ever

It stands for, keep It Simple Stupid! No indicators are needed for this trading strategy. WhaM forex trading system. Thats exactly what were looking for.

Of course, not all your trades will look this sexy. Once such a pattern is identified, we will take an entry at the nose of the pattern (the middle of the letter). Well, yes we can. Space before price reaches the nose Put your stop loss a few pips above or below the pattern Put your take profit at least so that you have a R:R of 1:1 Never risk more than 1 of your account balance on any single trade. One of the systems I trade next to this is a reversal system, and double tops and bottoms are one of my favourite chart patterns (next to head shoulders and triple tops or bottoms). It is, however, a bit too slow for my liking. Our pending sell order got triggered when the price retraced temporarily, only to plummet down and take out our take profit level. Price will often retest those specific levels, which is why the WhaM trading system works.

Often, if the retest of the nose triggers a sustained move in the opposite direction, we can see that a R:R of 1:2 would also work quite well. Size of the pattern Youll want to look for WhaM patterns whose size are in proportion to the overall market movement. The stronger the initial reaction that forms the nose, the more likely the setup will work. YOU must always stick TO your trading system rules!

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