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Hi Dougled,
Here's an illustration...
Starting from ANY PRICE, watch price move...
It's the simplest setup ever...
See image.
Is it different between the next horizontal line is 25 pips?
Hi Dougled, Here's an illustration... Starting from ANY PRICE, watch price move... It's the simplest setup ever... See image.
A quick video: All You Need To Trade Is A Horizontal Line - YouTube
where can i download the mt4 for this?
if only it could run on TF H1?
whether all the applicable terms of this pair ..
thanks...
can anyone tell me. how to add multiple horizontal line on mt4 chart eg.00 25 50 75 etc..
A quick video: All You Need To Trade Is A Horizontal Line - YouTube
therumpledone, I din't know that you are a that black?
Cheers Hermes
TRADING IS SIMPLE WHEN YOU USE HORIZONTAL LINES VIDEO
ALL YOU NEED TO KNOW ABOUT TRADING
* Price either goes up or down.
* No one knows what will happen next.
* Keep losses small and let winners run.
* POSITION SIZE = RISK / STOP LOSS.
* The reason you entered has no bearing on the outcome of your trade.
* You can control the size of your loss (skill) but you can't control the size of your win (luck).
* You need to know when to pick up your chips and cash them in.
Expectancy = (Probability of Win * Average Win) - (Probability of Loss * Average Loss)
You cannot control the probabilities of wining or losing.
You cannot control your average win size.
The only part of the equation that you can control is your average loss size.
PRICE ACTION
“Now, 2 patterns of market behavior happen on a regular basis
1) the price breaks to new high's (or low's)
2) the price reverses from new high's (or low's)
They happen regardless of time frame .
They are phenomena that can be exploited without the fear if found out by others, that they might cease to exist. - H. Rearden
1) Price will either breakout of the high, low or both of the previous bar
2) Price will not breakout of the previous bar.
You cannot reduce it any further. Anything else complicates the issue.
ENTERING A TRADE
You either decide to:
1) Wait and do not enter a trade
2) Trade a breakout
3) Trade a reversal.
Those are your ONLY 3 options.
That is all you need to know about trading.