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BiteFX replied Nov 19, 2024Don't look at the fights... It's all cruise... We are all learning here

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BiteFX replied Nov 19, 2024Basic market structure I am now learning... HH HL is uptrend with confirmations if RSI overbought, MACD above signal line, above zero. LL LH is downtrend with confirmations if RSI oversold, MACD below signal line, below zero. A trend once started, ...
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BiteFX replied Nov 19, 2024For chart pattern, this may become a bullish flag. But guys to be honest... After analysis, proper money management has to be in place. I can't over say that.
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BiteFX replied Nov 18, 2024Yeah bro, I am new to this thread. I have been busy other years posting crazy strategies on my own former threads. Now, all I want is to trade in peace. Not in pieces.

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BiteFX replied Nov 18, 2024Steve Nison in his book emphasized that a reversal may not necessarily be a change of trend. I think we must come to terms with that. GOLD, can we have a reversal here?
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BiteFX replied Nov 18, 2024It all starts with two or more candles creating consistent HH, HL or LL, LH. Plot trend lines from peak to peak and trough to trough. This will give you a sense of what market may do. Find how price reacts to the trend lines. See how the structure ...
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BiteFX replied Nov 18, 2024Trying to be right all the time is what make traders to over leverage. Saying this time, ah! This is a sure banger. Men, that is not trading at all. It is gambling. Here, Calculate, how much do I want to risk from my equity? 2%. Good. How much is ...
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BiteFX replied Nov 18, 2024I am also new bro... The best indicator is MARKET STRUCTURE. Study everything you can find about market structure. Until then, don't put any inbuilt or bought indicators on your screen. This is my 1 cent.
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BiteFX replied Nov 18, 2024But wait o, with this kind of range bound market, from chart history, the next day will be a blast. However, I have calculated my loss before entering the trade. I just have to wait for it movement.
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BiteFX replied Nov 18, 2024Well done bro.... It's great you can understand all those... Me, I just chose to sit with HH and LL with trend lines. And of course known chart patterns. This works like magic when combined with proper money management and discipline.
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