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Showing posts from July, 2023

SIMPLICITY OF DIVERGENCE Wisdom is simplifying complicated things while foolishness is complicating simple things. Sammy Forex   TABLE OF CONTENTS DISCLAIMER INTRODUCTION TO DIVERGENCE WHAT IS DIVERGENCE  T YPES OF DIVERGENCE HOW TO SPOT DIVERGENCES HOW TO TRADE DIVERGENCE (my type) WHEN TO TAKE YOUR PROFITS QUICK GUIDE ON YOUR TRADE SETUP WHAT TO DO THE MOMENT PRICE COMES BACK TO BREAK THE HORIZONTAL LINE MARKET MAKERS (BIG BANKS) AND THEIR OBJECTIVES THE 90-90-90 RULE FINAL WORDS (SUMMARY) © ALL RIGHTS RESERVED .  No piece of this book may be reproduced or transmitted in any form or by any means,  W hile all attempts have been made to verify the information provided in this book, neither the author nor the publisher assumes any responsibility for losses, inaccuracies or omissions. No claim by the author that the methods shown here will result in profit making and will not result in losses. The ideas here are not guaranteed to produce profits. Each trader is res...
  WHAT TO DO THE MOMENT PRICE COMES BACK TO BREAK THE HORIZONTAL LINE I said something about selling and buying the moment price breaks your horizontal line after spotting a divergence right? And I also said I will tell you what to do the moment the next candle comes back to break the same line against your direction… its simple; just close trade because at that point you are wrong; remember you can easily be wrong just as being right. It is not an essay thing to do especially when it is a negative outcome; I have also been a victim countless times when trades that seemed to be going well in my direction turn against me in less than minutes. I know you will look helpless and confused after a massive profit turns negative but you don’t have to because it is normal when it comes to this business. But nevertheless, I will show you with few screenshots what happens when price comes back to break your drawn line but before then you just have to understand that the forex market is not st...

MARKET MAKERS AND THEIR OBJECTIVES

 As retail traders, we should understand that we all have a solid team of traders we are trading against; people who don’t want our growth and advancement in the market, people who take delight and pop bottles each time we lose money while trading, their aim is to see us fail at all times, they want to by all means force retail traders into margin call and pocket their monies at the end of it; this are the Market Makers (Big banks), these guys are the real professionals you always hear about in forex because they are the only traders who can tell you with accuracy what next will happen in the market.  Many of us are already aware of this but some of are not, these guys manipulate price the way they want with their monies. We can’t stop them except you don’t want to trade forex anymore after hearing this but if you still want to trade forex, you must accept this and just find a possible means of trading alongside this guys because if you can’t beat them, you just have to join t...