Hi,
I want to share with you for momentum trade. This is one of my killer trading strategy and Im using this trade for any forex and comex trade. Sometimes its a bit late of entry, but its better to get confirmation on your trade first, before make entry setup. Anyway, different people, different strategy and different understanding. Every strategy have pro and contra, every positive trade must have negative side and thats normal for every trader. The most important thing is, what is your backup plan when your trade againts you?
I want to share with you for momentum trade. This is one of my killer trading strategy and Im using this trade for any forex and comex trade. Sometimes its a bit late of entry, but its better to get confirmation on your trade first, before make entry setup. Anyway, different people, different strategy and different understanding. Every strategy have pro and contra, every positive trade must have negative side and thats normal for every trader. The most important thing is, what is your backup plan when your trade againts you?
If you look at the chart above, Im detecting rejection area and then I placing for momentum entry for confirmation. We dont know where is the market movement go, if I predict before the market go, I loss a lot and not consistent. Please make sure your consistency in trading and limit your loss and take your profit.
Thanks for today, trade safe on Friday
RadGreen
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