You should have a decent stop loss if you open your Forex trade volume

Hooray, and we’ve opened New York here so you can see the New York session has just opened volume it’s a great boost there guys I don’t know if you’ve understood any of that but I think knowledge is more valuable than whether you’ve understood it or not this trade Anyway as long as you understand the reason behind catching such a move like this and don’t need to take risks like I don’t know how many points, yeah guys don’t be stupid, please not some of you.

 

You should have a decent stop loss if you open your Forex trade volume

I know I’m not talking to everyone but like some people you’re risking a lot on your positions if you call yourself a scalper you have to have a decent stop loss that’s why we call it scalping it’s not risking your entire account to catch Scalp, it’s risking a large portion of your account to catch the curve which is usually like 0.5 maybe 1% and then we don’t do that here.

 

You must achieve gains continuously and gradually and manage risks

Yeah, guys, it makes no sense if we’re on a winning streak or 15 wins or 10 wins and then you guys like lose the trade and you lose all 10 of those wins and then only the people in the mentorship program are picking up these other wins off the stream like it’s nothing. Logical You know what I mean that you should make gains continuously and gradually and manage your risks, I always set a very tight SL, yes I think when you are still working on improving your strategy, it will seem as if your SL is too tight.

But you have to keep improving to the point where you know that if these levels are broken, there will be no point in continuing to trade anymore because any strategy will start just fine for my experience at least any strategy I used to get at 20 30 pip stop losses And for me that was fine, but you know over time I was trying to see like, you know it’s very difficult to get the market to move with that big stop loss, so I was trying to improve, at one point I was only trading 15 20 pip stop losses.

 

Can you explain what pricing means in Forex?

Now it’s anywhere between four to five like four points, it could be four points and it could be 16.5 points, so that’s the 4 point range 16.5, and if it’s like four points, you probably want to size in or something good Can you explain what pricing means, yeah, like if we’re anticipating good unemployment claims numbers, you can see like a downward movement and then an upward movement so we call that pricing in the good numbers during the New York session for the fundamentals are pricing because instead of an upward trend from here.

There’s going to be more balance for the market to price that in that up move to start moving from like a more balanced area so it doesn’t become unbalanced and that’s the theory behind this beautiful, you see how funny Chad is like the first green bullish candlestick happens at 199 161 so it’s pretty clear now Why did we have that bullish candlestick there and we got take profit from here to here.

 

You only have this amount of time to catch Forex trading without the news

We simply touched it in a reverse slap now no trade is still exactly news, I guess I’m more like making a trade, now you know you don’t have much room until the news comes out because the news comes out at about 8:30 and you only have that amount of time to catch a trade It is very little that markets can consolidate within this area or you can expect such volatility to appear before the news, yes good idea, I think this is just a range as we talked about.

I told you in you oh my god yes good decision we just had to wait for more confirmations here it is forex trading entry in a 1-minute time frame because I have a low budget good or bad and I think if you have a low budget this is also the best way To trade because if you get about 1-minute time frame come on man, you’re going to have very tight stop loss points if you have a low budget and you have big stop loss points, it’s not going to work, yeah we have about 20 minutes until the non-pullback claims come.

 

Unemployment claims as good numbers and low prices in Forex

It would be a good area to flip yeah, like 2330 it should be 2332 because I don’t know that the market is going to trade forex to like 2330 but I do know that now we’ve clicked on like 2332 guy here and the range has just cleared and 2332 has been met, which is very aggressive play before Short time of unemployment claims showing up as good numbers and low price only if this is the big players entering the market so it could always be two things, either pricing or the players are getting the expectation of good numbers but I think it depends on what the calendar says The economic here is that it looks more like pricing in bro, would you consider a double bottom on the 1-hour chart or a head and shoulders on the 4-hour chart.

 

Summary

We may not be able to build trades on this guy, some people do it real from the highs, buy the highs, sell, sell, this happens if you take too many positions, man, that time comes again on the weekend, Guys, the worst thing for a trader, now you just have to wait again the markets will open, so this will be us here guys we’ll be sitting on the weekend.