As a Forex Trader, One should not always look for trading opportunities ,
because as stock market there are not too many choppy sessions in
Currencies. There are days of extreme volitility and there are days of
average movement, but we have to be conscious enough to take the
opportunity when it arrives.
So, what does that mean when opportunity arrives, with that I mean when market moves volatile, one does not get the opportunity, then one should lined up the charts that breaks from earlier accumulation zone.
For me, its always been neutral days that comes up with the opportunity and recent movement in Gold , is one prime example of such opportunity.
As market was waiting to break and there were not too many strong sellers involved even price was bearish prior to breakout but when market does break that level, there was conscious effort of holding the price above that breakout and that is with a neutral buying day.
Market also built a minor development area and keep rising from that level, So where does the opportunities lies in this market, and why we should keep waiting for market to test that area again in next couple of days.
Market has to test the area to check whether that area hold any supply and if market has no supply to hold the price here, then probably it will keep rising as it happened in this case.
Read more at http://fxconfidence.blogspot.com/2015/04/things-that-works-for-forex-trader.html#KvE1206FzwIAiKdr.99
So, what does that mean when opportunity arrives, with that I mean when market moves volatile, one does not get the opportunity, then one should lined up the charts that breaks from earlier accumulation zone.
For me, its always been neutral days that comes up with the opportunity and recent movement in Gold , is one prime example of such opportunity.
As market was waiting to break and there were not too many strong sellers involved even price was bearish prior to breakout but when market does break that level, there was conscious effort of holding the price above that breakout and that is with a neutral buying day.
Market also built a minor development area and keep rising from that level, So where does the opportunities lies in this market, and why we should keep waiting for market to test that area again in next couple of days.
Market has to test the area to check whether that area hold any supply and if market has no supply to hold the price here, then probably it will keep rising as it happened in this case.
Read more at http://fxconfidence.blogspot.com/2015/04/things-that-works-for-forex-trader.html#KvE1206FzwIAiKdr.99
