EURUSD 02-13-19 •
• I’m so far gone this has become easier than most will ever achieve. This is analysis on one of four pairs I did on my daily live session yesterday with my students. Between #XAUUSD, #EURUSD, #USDJPY & #GBPJPY I called the pushes and pull backs which accumulated to 415 pips in market movement since yesterday at 11:40am EST...study the chart...shut your mouths and rethink how you speak to your father about these charts...good day chaps👽🎩...
Risk management is probably the most common struggle we see with new or failing forex traders.
Before you even think about profits you must focus on protecting your capitol!
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Always have your personal trading setup in every country you often visit! MC 🇲🇨
108 332212:15 PM Feb 9, 2019
Conversely, if the moving average is trending down, it shows that the market is in a downtrend, we sell when price retrace to the moving average.The screenshot shows how prices interact with the moving average as a dynamic resistance level, and how the engulfing bar pattern represented a high probability setup.
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In a recent post, one of our Falcon Coaches @jaketandrew talks about trading and travelling. It was always @hutchinsonmark ‘s goal, when starting Falcon, to be able to teach as many people as possible a simplified but highly effective method of trading so that they gain financial freedom and go on to pursue their true passions. However, trading still requires time in the day, even when travelling, and consistency is key when learning any skill. 🦅
@hutchinsonmark: “Daily routines wherever you are is so key! Especially when it’s to do with your trading.” 💬
Jake is a prime example of someone that is committed to his routine, no matter where he is in the world. It takes a lot of discipline and focus to be that way, but developing those good habits doesn’t happen overnight.
We are often sold on the idea that we can be trading on the beach and constantly travelling around the world. Although that is true, you can trade from anywhere with just a laptop, this is a side effect of being a great trader. But, getting into trading with the focus being “I want to just trade on the beach” is the quickest way to fail. 🌏
Remember: Trading can be highly rewarding but, on your way up to consistency, good habits need to be ingrained. 💻
Trading and traveling
Everyone loves the freedom trading brings and the idea of the laptop lifestyle. However, what they don’t realise is the discipline that’s required to make sure that it’s done successfully. Having the flexibility to trade from anywhere in the world is awesome, but you still need to ensure there is structure to your day.
As soon as people jump on a plane their daily routines and goals go out the window which is the quickest way to end in drawdown. As simple as it sounds, I find getting up early and getting a few hours in before your day starts is the best way to keep on top of things. It also allows you to do your daily forecasts and set alerts for trades on the watchlist. Adding a few simple steps into your travels will give you the flexibility to enjoy your new surroundings whilst also making sure your trading doesn’t suffer.