SR Strategy: to find out where the market gives us the best opportunity to open new positions.

SR Strategy: to find out where the market gives us the best opportunity to open new positions.

18 December 2019, 11:55
Yohana Parmi
8
269

Local students sometimes ask me, generally they are beginners in forex,
asking about price movements that run on charts.

  • Basic philosophy - Because no matter how good a boxer is, they still needs a good coach.

They are confused what to do, because they often experience floating even in the demo account.
Apparently, they are still often affected by price action.

Their problem is making a common mistake made by many people::

  1. Open position Buy when the price rises, no matter though -- the price has reached the Resistance level.
  2. and/or open position Sell ​​when the price goes down, no matter though -- the price has reached the Support level.
  3. Still often forget that the price before continuing its direction:
    -- there will be a correction or consolidation first.


We wish you all the best in 2020


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