HOW TO TRADE LIKE THEM XAUUSD don’t trap yourself
Im starting to feel traders get lured into trapping themself the more than the market traps them. I mean the market just lie the pieces out and the trade builds it and dives straight in with a smile . Smh I don’t get it but I understand it all comes from being miseducated
So I decided to educated,
I seen too many trade drawn channels incorrectly it’s not from high to low. Channel isolate price based off of rejection and that alone! If your channel don’t reflex this it’s wrong and can easily mislead you in a trend direction. Thus IMO don’t use it.
All you need to focus on each time you look at a pair is where is the range at!!
No trendline or channel.
Find where price halted, look at how it got there but I’m keeping this simple. Just wait for range rejection
What you need to know is this
Range markets are balance markets so why are you drawing a channel assuming price will break out in a direction from a range. 🤨 I’m saying you can’t come to that decision from a trendline or channel and bet your money on it.
What goes out comes back. This is why ppl get stopped buying breakout.!! STOP!
Respect the market
Let the market reject the range. STOP! There just to much inconsistencies with traders views on a pairs when there’s just one view. THE MARKET!
HOW TO TRADE LIKE THEM-
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