Are we there yet??? Waiting on Trade Confirmations

Knowing when a trade is ready takes a lot of patience.

Sure, it's easier to back test your trades and in hindsight think about what you could have done (But honestly, would you have? No. Me neither.)

I have found that having a set of confirmations that I look for before I enter any trade has really helped me on my journey to consistent profits!

Let's face it, who hasn't drawn up a chart and admired it's colourful appeal and beauty. But if that chart ain't making you no money... you're just a chart artist!

Make a list of confirmations that work best for you and WAIT for them.

WAIT. WAIT.WAIT.

Trading is all about patience and self-mastery. Once you learn that, the rest is easy (Ok, let me not lie. The rest is easier.)

Here's confirmations to help you on your way:

- Price is in a major reversal zone
- An impulsive move has taken place (engulfing candlestick has formed)- MY FAVOURITE
- MacD has crossed
- EMAs have crossed
- MAs have crossed
- Stochastic
- RSI
- Price is above/below EMA for buy/sell
- Fibonacci retracement is at golden ratio 61.8
- I am of a calm mind and relaxed temperament- I can enter the trade without stress because I have an effective risk management system

You've got this!

Good luck.

ออเดอร์ถูกยกเลิก:

Closed in profit. U.S. Dollar is weak. Let's look for any SELL opportunities.