How I Look For A Trading Opportunity
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Hi,
This video of a GBP/USD buy setup shows you how I look for a trading opportunity: Forex Trade GBP/USD Buy Example, July 25, 2008
In looking for trading opportunities, it's important to use a consistent trading plan. I know this from my 25+ years of professional trading. Start with top down analysis and look at market flow. Check out the 4 hr, 1 hr and 15 min charts. For a buy setup, look for positive divergence between MACD and price. Assess risk reward. You have to be able to weather out the storm. Risk control must be impeccable so you can withstand a string of losses.
Vic Noble
info@forexmentor.com