Hello natejax,Quote:
Originally Posted by ;
This is exactly what I have begun doing this week. First I decided on focusing on just ONE currency pair for the time being. For several reasons I chose to go with Eur/usd. Ive take off all indiors, added just fibs and pivot points. I just examine the charts, in the price... Watch where its been and where it will most likely go. I believe that is the best way to really learn and comprehend forex since I will be learning how and why price really goes. Atleast that is what I aspire to realize.
The role of focusing on a single pair is really to comprehend how this currency goes, why it moves and to always be aware of what state its in (ranging or trending). This week went well earning some decent pips, particularly when I consider that Ive traded only 1 pair. Additionally, it has been more satisfying because I actually understand why Im doing a trade rather than just after an indior. What I have achieved is only trade with the main trend, await retracements, then pull on the trigger. I get out at resistance levels. I realize the difficulty with this procedure is addressing medium term trend changes, but I think with experience, I will understand how to deal with these scenarios.
Best of luck with your trading!