Trend, Current Momentum and Price Target

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Trend, Current Momentum and Price Target

Postby forexearlywarning » Mon Apr 08, 2024 1:12 pm

You need 3 key components for every profitable forex trade. What is the main trending time frame (should be H4 or larger), is there current momentum (?) to move the pair higher or lower so you can move your stop order to breakeven, and what is your price target for scaling out lots. This combined with a stop order and you are most of the way there to becoming a consistently profitable forex trader.

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Good Trading
Mark Mc Donnell
Posts: 287
Joined: Sun May 02, 2010 10:10 pm

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