Saturday, May 3, 2014

957 - Summarize

I don't think I should trade shares anytime soon. Found out that closing the trade also takes another USD15. So Forex is still the cheaper option. Unless I place big bets on shares, and USD30 is paltry.

For Forex, I think I will

  1. look at overall trend
  2. enter when there is a retracement
  3. zoom in to hourly candlesticks
  4. enter when it hits a resistance/support zone, in the hope of a rebounce
  5. observe the price actions in hourly candles

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