Some salient rules for forex trading

1.                   Forex Price Action Method - Action on Price that’s all. The most powerful forex method in the world.

2.               A Large Pinbar (Bullish and Bearish Pinbar), Two Reversals Bar, Bearish and Bullish Engulfing Bar.

3.               Trade always with bigger trend (i.e. 4hrs and above time frame).

4.               Check time to time chart (i.e. if you trade in 4hrs Time frame then check only after 4hrs). Always maintain this discipline.

5.               Keep your chart simple no indicators at all just fresh chart.

6.              Always stick to your rules that you follow. No matter success or win.

7.                Find strong support and resistance in Day or bigger time frame (Draw it nicely on your chart).

8.               Keep money management well. Don’t take too much risk.

9.              Trade in 4hrs time frame (not less than 4hrs). Day time frame is recommended.

10.           Patience and Discipline are key to success in forex market.

11.                When you place an order in 4hrs time frame check only after 4hrs until please turn off your computer.

12.            Thinking in Dollar not in “Pips”

13.            Don’t trade when you won’t. Don’t force on your mind.

14.            If you hardly maintain above mentioned rules success must come.

                                              

                       Nice Trading for All- "SALAS”


The power of Bearish Engulfing Bars         

After couple of hours -