zones Strategist Education
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if you focus on managing risk properly , strategy becomes less important . there is no holy grail in trading . all strategies has failure rating , don't be deceived
This is why i teach that News is not the direction most times, it is technicals that gives you the right direction for long term , fundamentals only move it faster there
The trend is your friend always , yesterday news took gold to the skies and today news also brought it down
Btw 1946-1949.50 , always remember to apply martingale style . I have thought you earlier on this channel
Sell gold 1946-1949.50
Sl 1952.50
Tp 20,40,60,80,100 pips . Price is inside the zone you can engage now
Personal experience on live funded account . Listen there is a difference between mentors who are teaching but not trading , I teach what I trade daily . 25yrs of experience on display here . Watch and learn every step my dear friends .
Simply put ā¦
We will buy at support
We will sell at resistance
And remember the trend is your friends at all times . If the higher time frame depicts sell , wait for a pull back first before you engage with confidence on that sell . Do not just come into the market and without any patience you jump into the trend . Have common sense and wait for a pull back then take the trade in the direction of the higher time frame okay .
As seen above this is where traders often go wrong by not exactly being able to identify a proper support and resistance level .
Personally from my experience I prefer looking into higher time frame to determine a concrete level of support that may actually hold , do away with smaller time frame support and resistance they usually have limited chances of performing out , they will fail you and blow up your account lolz .
