“Simple as ABC” Trading StrategyEvery cycle of a trend consists of two swings: In the first case, you should use a time frame of 5 to 10 minutes to give the movement enough time to develop. While the asset was already trending up or down, something must have happened that intensified this momentum. Some indicators create many but risky signals; others create reliable but few signals. The alternation of movement and consolidation creates a zig zag line in a particular direction. After few minutes, your position in the trade is bad and your chances of winning it are grim. The win might not materialize with a lot of pips, but still it is safer.
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“Simple as ABC” Trading Strategy
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For cycle length, keep your time trader around 5 to 10 trades.
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- When the market approaches this resistance, it will never turn around immediately.
- Candlestick marked as A is showing a sharp pips move.
- Both actions create upwards momentum.
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