Forex is not for everyone Mass market banks neglect trading

Forex is not for everyone Mass market banks neglect trading It will happen on all these different time frames but this pattern will take much longer to occur on the higher time frames and this pattern on any time frame below 30 minutes will not be respected on the 30 minutes, I have been trading now for 7 years and have tried to put this test several times It is not as effective, but it is more effective on higher time frames.

Forex is not for everyone Mass market banks neglect trading

This pattern happens every day, so you can benefit from it more often than a normal person because when several people see it, they think it’s another break and retest but they don’t. Think about capital utilization.

So if you were to make sure that you understand this pattern because it’s going to be the quickest way that you can make money, and that brings me to my next point which is how it’s easier and easier because we’re going to see this pattern every day and that’s using a very specific time frame that will lead you to see every day.

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It requires more patience and requires you to stay in trading for a longer time and this pattern does not happen as frequently as it does in 30 minutes, that is why it is very important that you focus only on the 30-minute time frame, and yes, this pattern will appear again every time in the time frame. Effective.

But it is not as effective as at 30 minutes, and this is very important to not only have the quickest way to make a profit but also the most effective, now that you know what pattern is to break and retest and you know in which time frame you should look for it. And it’s 30 minutes and you go to the market and you see this pattern happening over and over again.

You may be wondering when should you enter trading and when is the right time Is it in the morning Is it in the afternoon Is it in the evening When should I enter trading the answer is that you should only enter trading in two different sessions.

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This is a 60 to 65% win rate because this is where the market will go in your favor faster with volume versus not now, the market has this breakout retest pattern outside of the New Yorker London session because the breakout and R pattern occurs frequently but you should not be trading In that session because there is no volume the market will not move as quickly and the pattern is not respected in sessions without volume compared to those that do.

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The most straightforward similarity I can put with this is extremely basic and it’s a genuine flight of stairs again right so recollect the break and the retest example will happen consistently regardless of what direction the steps will be there regardless of anything so you can go from the principal floor to the subsequent floor and from the second floor To the third floor Anything you are familiar a level floor you need to utilize it currently relying upon the hour of the day.

Let’s say it’s rush hour and you want to go from the first floor to the second floor, you have to go through the steps a lot faster because there’s someone behind you and someone in front of you so you have to go up the stairs quickly so that you rest and retest each step to get to the second floor, it will happen much faster compared to If you go up those steps, let’s say in the middle of the night there’s no one going up the stairs.

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At that time you can take your time going up the steps well, that’s exactly how the market works when the market breaks down and retests in the New York session or the London session, there’s a lot of traffic, there’s a lot of traffic, so it happens A lot faster compared to if this pattern were to be executed in a different session when there aren’t a lot of people around, so you don’t want to go into a breakout period and retest the trade when there’s no one at the tray because it will move a lot slower.

You want to get into it when there are a lot of people on the stairs so your trade can move in your direction much faster, you have to remember that a larger trading volume means that the larger the candles are, you don’t want to be trading when the volume is low because the candles will be very small Very, you want to be trading when the candlesticks are very large so that you can get into taking profits much faster than in these other sessions.

Summary

You will make a lot of money which will be the fastest and easiest way how to make money with a break and retest pattern because you can still make money from a low session volume. Still, it is not ideal because it is not the quickest or easiest that you will be trading for a long period, as This can ruin your psychology while you can simply wait for the right session to start where you can get that big candlestick in your account prefer or in the other direction now which brings us to the next point which will be what is the actual entry confirmation.