In my opinion it is the best decision to stay on the sideline today, only watching the market.
Remember: You don't have to take a trade every single day.
If the market is choppy like today most traders are losing money. So you can win if you do not open a trade. Watch the market make your drawings or whatever you do on your chart, but don't push the buy/sell button.
That's the best advice I can give you for today or maybe for the hole week. The first week of March is very tricky. Believe me. After the market found its way in a few days, every setup will be in front of your eyes clearly. But not today.
Yorumlar
nguyenvantuhd
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Hello sir, I reviewed your setups and they are amazing. You can predict some but not only one move.
I'm new trader, and yesterday I paid some money to learn that, in this kind of chaos I should not try to trade anything.
Could you explain, why this week is so tricky? As people said, traders are waiting for Trump's speech in Congress, but as you have experience in first week of March, so I think there should be somethings else?
Trader3000
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@nguyenvantuhd, Thank you for your nice comment. I am saying first week of March is tricky because every three months (every quater of a year) the market is changing a little bit its habits. So I for me personally I will stay out of the market this week and just watch it. Good luck for you!
Trader3000
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@nguyenvantuhd, By the way, if you pay a trader to teach you, he can't trade at all. Why? Because he needs your money to get some foot between his theet. That's that simple. Learn to trade by yourself using a demo account and don't think to get rich in a very short time. Good luck!
nguyenvantuhd
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@Trader3000, Thank you so much for your reply, sir!! Actually when I saild I paid to learn, I meant I had lossing trades and then I learned from that :).
Can you recommend some book or name of strategy that you find helpful, please.
Thank you very much and hope you a lot of pips, sir!!!
Trader3000
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@nguyenvantuhd, Trading isn't that easy as the web will tell you. Trading is more about risk management and your personal psychology. My advice to you: Try to catch everything you can grab and read it, watch it, think about it. Start only with paper money until you get your personal style. This may take a few months, maybe longer. I can't recommend any books, because after you read them all, you will be more confused then get a clear idea. So let it grow in your head. Like a fruit on a tree. It takes time. Good luck to you!
Trader3000
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@Trader3000, Ooops! What a slip in my writing: I meant "To get some FOOD between his theet." instead of "foot".
Yakir
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good morning
as per our forecast
if the body of the H1 candle will close 1.058000 or lower
sell
tp1 - 1.05540
tp2 - 1.05070
from 1.0507 buy up to 1.0550 !!!
Trader3000
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@Yakir, Thank you for your analysis. It looks very interesting and I agree with it. But anyway, this week I won't open a trade. Therefore I will get the best setups next week.
I'm new trader, and yesterday I paid some money to learn that, in this kind of chaos I should not try to trade anything.
Could you explain, why this week is so tricky? As people said, traders are waiting for Trump's speech in Congress, but as you have experience in first week of March, so I think there should be somethings else?