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"There are a lot of people out there selling stuff that doesn't work. Problem is, those schmucks charge thousands of dollars and when you find out later, it's too bad! You guys sell something that works, and I really appreciate the pricing structure you have. It lets the little guy in and, when people stick around, you make money honestly."
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Once it 8767 s confirmed, everybody sees it, you’re too late to the party. Again 5 waves is the average. So I’ll be getting out at wave 5, combined with that cycle higher high, again momentum coming down, great exit. And so look at this, this is what’s so great about trend reversal trade, is they are the single best risk to reward ratio trade there is. So my risk is that bar. My reward is you know something like that. So huge reward at tiny risk. And of course that’s what we are always looking for.
Forex Trading Videos » Learn To Trade
Contrary to what you may have been told, learning to trade like a professional is NOT that difficult or complicated and does NOT require lengthy "training" or expensive, complicated software.
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While we obviously can't give specific trading advice (we’re traders like you, not brokers), our traders will do their best to give you honest and complete answers to your trading questions.
Daily Chart Forex Trading Strategy for Non Day Traders
"Why does it take so long to see the obvious? I spent years searching for the killer indicator or the infallible system. Know what? After using the DecisionBar method, my chart has.. no indicators! Not even one simple moving average! Nothing but DecisionBar! DB is the best indicator of all, as it frees you up to concentrate on what really matters. PRICE. Moving averages, RSI, etc. just tell you what prices already TOLD you before. With DecisionBar, you catch the rhythm of the market and just dance to the music."
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The "wannabe" trader tries to predict the next market move. The successful trader has a plan of action no matter which way the market moves.
Okay, so then we look at the momentum shift. Now the momentum indicator is down at the bottom. And that is just a regular momentum indicator. Let’s see, I think we are going to be able to do that. Yeah, I am going to have to take those arrows off okay. So let’s bring up our horizontal line again. So as we are looking at these 8 lows.
"Les, I am really amazed how your indicators have worked so accurately for the past week or so that I have been using it. I am really for the first time since few years of trading now understand how the market works. Thank you a million for your generosity and sincerity in what you do."