1 Attachment(s) Hello Traders,
I want to discuss here how I approach the markets. I'm from Germany, I used to traded for a prop company. I mostly scalp futures contracts, but I do trade forex as well, that's why I'm creating this thread. I'll share here I approach Dax, which is now really popular and thanks to this cfd is affordable.
My forex trading is based on simple probabilities, which I'll share here with you. I hear all the time that certain set up has higher probability of X percent, but retail traders have no idea, what does it mean. I will attempt to post my transactions and the logic behind them. In order to enhance my trading accounts I'm undertaking the challenge out of ftmo.com. I will also post my sheets together with studies. For a few it will be boring, for most of you, it might be interesting.
Just how I trade in a nutshell? I'm utilizing a ZigZag indior (programmed for me by my friend) to find impulsive moves, impulsive move is a movement which occurs just in 27 percent of time. I've done studies that were excessive on this subject. I've found that on 1MIN TF are impulsive moves out of 25 factors. I am waiting to enter in a way of the continuation movement. The continuation occurs in roughly 70% of their time. The moment the correction gets below the middle of this move, I am out, since just 19% of these impulsive moves has got the continuation, but it depends on the circumstance.
https://forexintuitive.com/forex-tra...shell-sam.html