Time to upset the trend lines crowd. The wiser ones of the bunch though, may just get the information they’ve always needed but never got.
This is a special report on the Flash Crash of January 3rd, 2019. We explore how to trade Forex after occurrences like this on Monday’s podcast. But for now, we need to understand how and why these things happen.
You’ve been told Forex sentiment is important. You’ve been told it’s important to pay attention to it. This is one of the reasons why you lose.
A lot of people do not trade much during the holiday season. This can be a problem, since we need volume to trade, and it may not be there. How do we approach this as trend trader?
We’re trend traders. We want to trade with the trend. So then how do we handle currency pairs that are in a counter trend? How do we even define a counter trend? Let’s talk.
You’re winning a trade, and it’s trending beautifully. You want a bigger part of this. Is there a way to leverage up here?
If you’re a trend trader like we are, you need volume in the marketplace, and you need it badly. If you know how to determine if enough of it is there for you to make a good trade, you can move mountains.
Followers of No Nonsense Forex know we trade the Daily chart, and we use indicators to make our entries. We also know I personally prefer to trade 20 minutes before the close of the daily candle. Does this mean you have to?
They will happen, and they will happen a lot. How you deal with these ultimately determines your future as a Forex trader.
This is how to backtest an indicator based on the No Nonsense Forex method of trading. This post is a response to all of the questions coming in on how to properly backtest all of the new indicators that listeners of the Forex Q&A Podcast have been discovering.