“TIMING”

After you understand what I wrote on the past posted article (#1 and #2), now the last key is the “Timing”. For me, the timeing on forex trading has two kind: candle timing and market timing. All traders knows about time of changing candle to the new one. In 1 hour time frame, we can see new candle every hour. In 15 minutes candle we can see new candle every 15 minutes, etc.

The market timing is important to make a decisions which currencies pair we have to choose. Here are what i watching on my time:

  • 07.00-10.00 (GMT+7) is the time for me to watch and trade on USDJPY, AUDUSD, and EURJPY.
  • 14.00-16.00 (GMT+7) is the time for me to watch and trade on EURJPY and EURUSD.
  • 20.00-22.00 (GMT+7) is the time for me to watch and trade on EURUSD, GBPUSD, USDJPY, and AUDUSD.

So I don’t have to staring on my Metatrader every time, every day, every hour. When I miss a time, i can take the next scheduled time.

Forex Trading is the most enjoyment business in the world, you can take your time at any time.

What next do I do?

  • Watch candle on every 10 minutes before ending of 1 hour candle. If there is a high movement, I will trade.
  • Watch candle on every new candle at 30 minutes time frame, there’s usually a 100% accurate movement to enter the trade.

What is my indicator doing?

(to be continued)

 

My Own Trading Method #3
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