My Forex recently caught my eye again. It is back to 700+ range. Currently, my business is taking a halt, as there is a long holiday in China called the Golden Week. And I am unable to get a sample of my product. For the time being, I will just spend my time reading books, hopefully it helps for my job interview.
Even though I have been focusing on my business recently, I still take the effort to monitor the trades everyday. Below are the methods I am currently more used to in Forex trading.
- Strategy is the same, Support and Resistance breakouts.
- To enter the trade, set Stop above or below the zones.
- The way to plant a Stop Loss when you enter the trade, is to visualize it going down and reviving again.
- Monitor all trades daily, looking for opportunities and also adjusting current trades, if necessary.
- Same theory for adjusting current trades also, use visualization to imagining it taking a dip, and reviving again. If it goes beyond what you imagined, then there is a chance that the trade is ready to change course and go against you.
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