Re: How You Make Money Trading Forex
Im going to give you the best advice on how to trade the forex. stop looking at the small time frame charts. The reason you might ask because most of the time it move way to slow. It is like being in slow traffic that never moves, except when you start reading a interesting article in the paper, which happen to me all the time.
Look for break of the 4 hour trend line and the dmi on the 1 hour chart to start to cross over, watch the momentem indicator to make like a small 123 push above or below the zero line ... enter above or below the channel by 5 to 6 ticks. Look for key fibonacci area or SR area, this is where you get the 100 to 200 pip runs. Don't believe me do it for yourselves, You will see one trade after another. The best place to enter is on a good pull back. Select several pairs and determine the best one to trade. Good Luck! All my chart are down so i cannot send a chart!
Last edited by FLX; 02-14-2007 at 05:44 PM.
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