I am in the phase that more winning than losing even sometimes I was not confidence with the trade. The trade I took is like profiting all the time, it looks like miracle.
Never in my trading life have this feeling. Trades that easier to become profitable than losing. It is like the price path is already self-fulfilling. Even most of my doubt trade mostly become profitable. Confluence is working. The more confluence the higher the success chance. I used to think technical is just random bullshit to make more people drawn to get slaughtered. Well, the truth forex is so big that price doesn't care what you did. There is no people out there marking retail traders. Stop Loss hunt is just the way Big Bank to get better price.
The strategy I applied looked complex at first but actually it does make sense.
Harmonic Pattern is the first trigger. It means there is Zone filled with Fibonacci Confluence.
Weekly Pivot is added to more confluence at the harmonic zone.
RSI and ADX measure the power of sentiment. Strong ADX meaning there is more fuel to drive market extension. RSI is to estimate if market already exhaust. Divergence ADX and Overdrive RSI is a high success chance to trade.
ADR is used as filter and estimates mileage of the daily price running.
Currency Strength also another view to trade or not. Strongest and Weakest Currency of the day is not good for counter-trend. Easy to identify the Power of Pairs.
I think the more understanding you are with market, the more success we will get. Forex is just one big Ferris Wheel fueled by Greed and Fear.
Never in my trading life have this feeling. Trades that easier to become profitable than losing. It is like the price path is already self-fulfilling. Even most of my doubt trade mostly become profitable. Confluence is working. The more confluence the higher the success chance. I used to think technical is just random bullshit to make more people drawn to get slaughtered. Well, the truth forex is so big that price doesn't care what you did. There is no people out there marking retail traders. Stop Loss hunt is just the way Big Bank to get better price.
The strategy I applied looked complex at first but actually it does make sense.
Harmonic Pattern is the first trigger. It means there is Zone filled with Fibonacci Confluence.
Weekly Pivot is added to more confluence at the harmonic zone.
RSI and ADX measure the power of sentiment. Strong ADX meaning there is more fuel to drive market extension. RSI is to estimate if market already exhaust. Divergence ADX and Overdrive RSI is a high success chance to trade.
ADR is used as filter and estimates mileage of the daily price running.
Currency Strength also another view to trade or not. Strongest and Weakest Currency of the day is not good for counter-trend. Easy to identify the Power of Pairs.
I think the more understanding you are with market, the more success we will get. Forex is just one big Ferris Wheel fueled by Greed and Fear.
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