Forex Zone - Forex Forum

wait for the moment then transact

Discussion started on General Forex Discussion

  • Hero Member
  • Posts: 18151
  • Points: 30
  • Likes Received: 33
  • Reputation: +2/-0
I also often wait for the right moment to enter trading. I noticed that on average a trader has a good trading method only because the problem is that he lacks discipline in applying it.
#481 - October 10, 2023, 08:37:31 AM

  • Hero Member
  • Posts: 66356
  • Points: 686
  • Likes Received: 58
  • Reputation: +53/-46
Waiting for that momentum is the result. that we have to use before making a momentum transaction that you can use well when you. I have analyzed, for example, in the gold currency, the trend is up, so you just have to stay. Wait for momentum for correction with the help of indicators or assistance. candlesticks are momentum, if there is no momentum, it's better not to. Open a position even though you already know the direction is up, therefore it is very important for us to trade well while waiting for the right momentum for your own use.
#482 - October 11, 2023, 08:21:24 AM

  • Hero Member
  • Posts: 68342
  • Points: 745
  • Likes Received: 100
  • Reputation: +18/-46
Many people are mistaken about analysis because when you can analyze, then you have to wait for the momentum to open a momentum position. There are many ways, you can use indicators, you can use signals, you can use all of these patterns, including momentum, so when you can analyze, then you just wait for the long momentum, wait for the momentum because we are looking for the best momentum to enter the market. Don't open a position, don't wait for the momentum because it could be that when we are like that, we will immediately float minus, especially when there is very long news, it can move the market drastically. fast, therefore you have to be careful when opening positions
#483 - October 13, 2023, 08:39:13 AM

  • Hero Member
  • Posts: 66356
  • Points: 686
  • Likes Received: 58
  • Reputation: +53/-46
waiting for momentum is a good attitude where when you can wait for momentum with a place then you can trade in a safe way in my opinion when you are analyzing and want to open a position make sure you have to wait for momentum first because when you immediately open a position even though you already know where it's going, it's very high risk because the analysis doesn't necessarily mean that you will open a position, it could be that you don't open a position when there's not the right momentum.
#484 - October 14, 2023, 08:28:20 AM

  • Hero Member
  • Posts: 68342
  • Points: 745
  • Likes Received: 100
  • Reputation: +18/-46
Waiting for the momentum of the transaction is the most important thing when we want to make a transaction. Because momentum is the final position of what we are going to do. This means that when we analyze the length of the ending, we have to wait for the momentum first, momentum in the form of a momentum candlestick in form a momentum chart pattern in the form of an indicator that produces signals that are all in definite momentum. When we don't find good momentum, we should not open a position.
#485 - October 15, 2023, 09:05:46 AM

  • Hero Member
  • Posts: 66356
  • Points: 686
  • Likes Received: 58
  • Reputation: +53/-46
Waiting for the momentum of the transaction is the final part that we have to wait for when we have completed the analysis stage because in my opinion waiting for the momentum is something that is mandatory so that your Open position is correct, even if there is no momentum, it is better not to open a position because that is the case. how to play Because after all we don't need to trade every day we only need to make transactions when there is momentum, not analysis, analysis is certain but momentum is not certain, so in this case you have to be able to differentiate between analysis and momentum.
#486 - October 16, 2023, 09:03:50 AM

  • Hero Member
  • Posts: 18151
  • Points: 30
  • Likes Received: 33
  • Reputation: +2/-0
If it turns out that the price continues to move and there is no moment then don't enter the market because of course the losses you will experience will be greater when there is no moment then you enter the market
#487 - October 16, 2023, 11:04:24 AM

  • Hero Member
  • Posts: 68342
  • Points: 745
  • Likes Received: 100
  • Reputation: +18/-46
You have to wait for momentum because when you open a position without using momentum, I think you will float minus, I'm sure that will happen to you, because after all, momentum is different from analysis, analysis is clearly up or down, but for momentum to be different, you have to be right. - really use candlesticks or indicators or some kind of graphic pattern to justify your analysis because in essence the analysis needs justification so that when you open your position there is no floating minus or no stop loss
#488 - October 17, 2023, 09:19:26 AM

  • Hero Member
  • Posts: 18151
  • Points: 30
  • Likes Received: 33
  • Reputation: +2/-0
In my opinion, waiting and then making transactions is part of a trading plan because a good trading plan will help you achieve your goals and is the reason why you started your trading career. Never get bored of waiting for the moment and don't rush into the market.
#489 - October 17, 2023, 12:25:07 PM

  • Hero Member
  • Posts: 68342
  • Points: 745
  • Likes Received: 100
  • Reputation: +18/-46
Momentum is something we have to wait for when we want to do open position activities because basically when you just analyze it, it's not necessarily accurate, but when you trade by waiting for momentum to open a position, I'm sure it will be accurate because not all analysis is. You have to do a lot of analysis in opening positions, which is actually good, but when there is no momentum, I think it's less effective. But it all comes back to your system method. In my opinion, it's safer when you wait for momentum first, at least the momentum that usually occurs, such as double top/bottom or head and shoulder.
#490 - October 18, 2023, 08:21:18 AM

  • Hero Member
  • Posts: 66356
  • Points: 686
  • Likes Received: 58
  • Reputation: +53/-46
every time you do forex trading and when you open a position, you must wait for the momentum to occur. There is a lot of momentum and every trader must have their own momentum, like me. I will open a position when a breakout of support and resistance is formed and all of that must be done. valid, it is one of the momentum that I use and of course everyone has their own way, which is important when you do forex trading and when you want to open a position, you should really wait for the momentum to happen because when you are in a hurry to make an entry, the fear is that later wrong and ends up floating minus
#491 - October 19, 2023, 08:58:53 AM

  • Hero Member
  • Posts: 68342
  • Points: 745
  • Likes Received: 100
  • Reputation: +18/-46
All analysis is mandatory and it is certain that you must always wait for momentum without momentum. I would not dare to open a momentum position. What I like is the formation of a candlestick pattern with 3 bars in a high time frame. Usually I use 4 hours and 1 day to wait for the momentum because I am a long-term trader and that makes me getting big profits is indeed waiting a long time waiting is boring but we are safer than if we rush to open the position finally we MC and that is even worse
#492 - October 20, 2023, 08:31:57 AM

  • Hero Member
  • Posts: 18151
  • Points: 30
  • Likes Received: 33
  • Reputation: +2/-0
Waiting for the moment is the right decision because price volatility is unpredictable. The only way to anticipate this by understanding forex trading strategies in depth is to wait for the moment.
#493 - October 20, 2023, 01:26:30 PM

  • Hero Member
  • Posts: 66356
  • Points: 686
  • Likes Received: 58
  • Reputation: +53/-46
There are several steps you must take when you want to open a position. The first is that we must analyze the condition of the currency we choose. After we can find out which direction the trend is going up or down, then the next thing you have to do here is wait for momentum because when you don't wait for momentum, even though you already know whether your open position will go up or down, it's useless because we need accurate information. which can ensure that we are sure to open a position and that only exists in momentum, there are many, one of which is candlesticks with graphic patterns with indicator signals or with signals produced by other people. It doesn't matter. The important thing is that this momentum must occur first. Before you open a position without momentum, even if you see a good trend, you should not open a position
#494 - October 21, 2023, 10:38:26 AM

  • Hero Member
  • Posts: 18151
  • Points: 30
  • Likes Received: 33
  • Reputation: +2/-0
Waiting for the moment is good, but we need to remember that the use of candlestick patterns and momentum analysis must be balanced with in-depth knowledge of technical and fundamental analysis, as well as wise risk management, so don't just rely on patient waiting.
#495 - October 21, 2023, 10:51:29 AM

Members:

0 Members and 1 Guest are viewing this topic.