Forex analysis and coding of trading currencies in the market

But what I didn’t realize is that in the analysis I was sitting there and being on the charts the whole time, I was just coding for like 4 hours and I wasn’t doing multiple time frame analysis I’m starting to explore this path of looking at higher time frame settings to take advantage Of long-term deals that were better suited to my lifestyle the way I manage it now.

Forex analysis and coding of trading currencies in the market

What I do is I sit down on the weekends and I’ll record as many charts as I can and I tell people like Mark up 28 Pairs and they think I’m crazy which includes gold which includes silver but they think I’m crazy.

I’m not saying trade all 28 pairs, that’s impossible especially if you’re using a regulated broker unless you have a huge account, you won’t be able to do this, it does two things for you, it allows you to exercise your muscles if you’re coding fees Charts and You” Recoding At least I would say at least 10 to 15 pairs a week will enhance your ability to be able to identify the important points and understand what is happening in the market.

Forex charts and browse price charts

I guarantee you I’ll be doing this since 2017. Do it, I promise you that for a lot of people, that’s where the success or accomplishment is going to be putting in the effort, putting in that time to be able to be a beast at work.

Charting this way becomes a beast on boring charts, where I might wake up on the weekends and I might split it up into two or three days where I sit and look and go through my charts.

Are you going to code it? 28 pairs every week What you’ll probably not see is that some of the pairs that you’ve been watching or that you’ve marked are the ones that are going to play, so some of them will be in play some of them won’t be finished and then some of them will have hit their stop loss.

The importance of marking the Forex charts at the end of the week

You know you need to clear your chart and you need to mark it on the weekends, that’s what I do if on a Friday night while I’m watching my favorite crime diary, I take out my laptop or iPad and go to work if I’m in a good mood.

I may do more than a few but usually, the bulk of the work is done on a Saturday after my workout, and by Sunday I will either share with the Discord group my setup or my thoughts on a few things, I won’t give you all my trades, I want you all to do some work as I’m creating an essay clip based on a cool duo I see that I want to share with the community.

I think a lot of people doing things this way will start to be useful to you because what you will find is when you place a tick based on a higher time frame of up to 4 hours, our trades can last from a few days to 1-2 weeks.

You must be able to not be on Forex charts all the time

It may take a while to get started, and you will discover that you will love the ability to be able to not be on the charts all the time looking for a setup, so in many cases, what you will see in those shorter trades.

Like yeah, you made 40 50 pips, you have to look for it another thing you have to do all over again but on the higher time frame settings which might be 200 pips, you will be able to trade with less volume and still be able to make the same amount of profits.

You were probably able to bring in those puts on those intraday setups with a lower lot size, so it’s less risky, so you’re protecting the capital that you’ve built or that you’ve deposited, and you can add to it and compound it over time which is ultimately the goal.

Don’t trade Forex just for your lifestyle

So for many of you who are feeling frustrated in this area and who are not seeing the growth you want to see, it is simply because you are not trading for your lifestyle, this is a quick fix. Something you can control, all you have to do is change a few things and your analysis results in 200 pips for each setting.

Given what is going on or has happened in the Forex industry and if you are working with a regulated company in the US this broker will work for you and will put you in a place where you can feel comfortable trading this way and the other thing I found when I made the switch to swing trading is that I struggled with To allow the settings to take effect.

Again an understanding of how the Forex market moves

Because I didn’t fully understand how the market works once you gain an understanding of how the market moves, it doesn’t just move straight up or down, the market moves and fluctuates, so I was often worried.

I would be very concerned because I see this big profit in my account and then all of a sudden I see it’s down to 50%, it’s down to 60%, oh my God, the price is turning the other way, and actually what it does is it’s good for us is it creates another opportunity for us to expand into the market.

Summary

You have to feel comfortable with understanding what the market is doing and then understanding that this is an opportunity for me to take another position in this setup, this is good and instead of 200 pips I can make 400 pips from this setup or instead of 200 pips I can make 300 pips from This setting by placing the last position is what I did to get my brain used to seeing those spikes.