ForEx Trading

This. Thousand times. Forex is for medium term, not day trading.

What initially drew my attention was this Channel formation on the 5min time frame.

Attached: US30_5min_Channel_Breakout(0).png (1274x623, 49K)

Identified potential reasoning for the Price Action that was taking place on the 5min time frame, using the 1min time frame.

Attached: US30_5min_Channel_Breakout(1)_1min_200_Held.png (1274x623, 63K)

I identified that there was Trend taking place on the 1min time frame.

Attached: US30_5min_Channel_Breakout(2)_1min_200_Broken_10_Held.png (1274x623, 73K)

There was Stop Hunting which seemed to be taking place, to catch out Trend traders, after seeing this, I was not really thinking about making any sort of entry.

Attached: US30_5min_Channel_Breakout(3)_1min_200_Held.png (1274x623, 63K)

But I kept watching, over time.

Some times what can happen is that when a trend on a lower time frame take price too far away from Moving Averages on a higher time frame, Price will begin to stall.

Attached: US30_5min_Channel_Breakout(4)_1min.png (1274x623, 59K)

As you can see, Price had become too far away from the 5min time frames MA's.

Attached: US30_5min_Channel_Breakout(5)_MA_Waiting.png (1274x623, 59K)

>forex
goodluck with your measly 20% yearly gains.

10,000% gains crypto chad checking in.

Attached: US30_5min_Channel_Breakout(6)_1min_Range.png (1274x623, 50K)

Initially, there seemed to be some promise of Trend continuation, but I still didn't make an entry.

Attached: US30_5min_Channel_Breakout(7).png (1274x623, 67K)