Forex Killer Signals
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The books you read amd mentors ypu follow tell you to sell on the third touch of the trendline, NO. Here, we don't.
When it comes to this reversal on EURUSD: once the trendline is broken on the THIRD TOUCH we wait for price to get back to what we would call our original second touch of the trendline.
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Buy limit USDCHF at 0.88060 and 0.8784
Sl - 30pips each
Tp +150pips
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Your risk must be calculated before you even think about taking a trade, 1% is ideal.
Your setup must offer at least 3Rs.
You must have rules in place which keep you from taking more than two trades per day.
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The financial markets do not care for your wants and needs.
The collective of media organisations are designed to influence and amplify emotions that will contribute to bad decisions within the market. They work hand-in-hand with those who have the power to move the markets.
Everything published is calculated, the candles showcase this.
By the time the news has reached us, the source of the news are already positioned or planning an exit.
If successful trading was that simple, we would just watch Bloomberg and execute on demand.
Notice when you get a notification on your phone that X coin/currency is up X% for the day, price swiftly reverses down soon after?
The retail are herded in one direction by the candles, amplified with the brainwashing of the media, until the plug is ready to be pulled or the switch to be flipped.
Prior to any wipeout, the media are plowing you with every reason to enter.
Prior to the greatest of rallies, the media are running campaigns to terrify you.
Reverse psychology.
The hardest concept of trading is going against the herd, it feels wrong, it feels scary. But the herd never win, only temporarily, which is a routine procedure necessary to create a herd.
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GBPCAD. MONEY FOR EVERYONE. Told you in the morning long before the news π€π
