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Post by traderAllen on Nov 8, 2015 10:36:42 GMT -5
Some people just aren't able to see price action clearly enough to trade . It takes a long time to learn how to tape read, which is basically what you're doing as you read price action . In this video I discuss alternative methods to use to help get the odds in your favor and to buy and sell when prices are cheap.
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Post by traderAllen on Nov 8, 2015 10:39:43 GMT -5
Even if you're going to be using Forex price action scalping going through the steps where your monitoring the long-term charts and the intermediate term charts and trading in the direction that puts the odds in your favor only will help to increase your win rate .
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Post by traderAllen on Nov 9, 2015 11:25:35 GMT -5
Using the method I discussed in this video . you could have easily gotten 40 pips today  |
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Post by traderAllen on Nov 10, 2015 12:40:03 GMT -5
Here is an example of today's trades using the FX a modified method . there were six trades with one loser which leaves you with another 40 day.  |
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Post by traderAllen on Nov 10, 2015 12:42:46 GMT -5
My point in showing you this is for you to understand that price action and tape reading is not for everyone and for those of you that can't grasp it this is a viable alternative . it still takes hard work but it doesn't require as great of attention to detail as price action ,tape reading, understanding order flow .
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Post by traderAllen on Nov 11, 2015 10:27:02 GMT -5
 today you would not have traded short during the US session do to the 30 min not allowing shorts and with the long term charts showing short, longs would not be allowed. |
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