Sentences with phrase «setup as a probability»
Forex trading is at its very core a game of probabilities, to become a consistently successful forex trader you will need to view each trade setup as a probability.
http://www.learntotradethemarket.com/ Not exact matches
I think when you have the resistance level setup as per this videos example, its certainly a higher probability trade.
These targets are price action setups, and you should think of them as higher - value on the higher time frames, because in reality the higher the time frame the higher - probability the setup becomes.
I think when you have the resistance level setup as per this videos example, its certainly a higher probability trade.
Once you begin to think of patience as the «most important ingredient» to trading success, and actually understand how and why being a patient trader can actually make you money faster, you will have no problem waiting for the best trade setups, because you will feel like you are actually making money by not trading, which technically you are if it means you are avoiding low - probability / losing trades.
When learning to think in probabilities and to view the market in terms of risk to reward, it is necessary to calculate the risk on a trade setup first, then you can calculate the reward as a multiple of the amount you have at risk.
It's not 100 % foolproof, but when used as a setup condition and combined with additional confirmation tools, your trades have a high probability of winning with relatively low risk.
Confluence trading is key, combining a strong reversal pattern such as a key engulfing with an area in the market where the price has a high probability of reversing make this setup one of the most profitable and reliable setup.
Combining a strong reversal pattern such as a pin bar with an area in the market where the price has a high probability of reversing make this setup one of the most profitable and reliable setup.