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Traders may feel a need to trade every day,
probably due to a need to succeed or pay the bills. This urgency
to succeed or to pay the bills by trading every possible minute
often leads to mistakes in the market. Making trades happen
(i.e., forcing them) instead of allowing a trade to come to you
leads to failure; market opportunities must come to traders
naturally as market conditions allow. Waiting for a trade
opportunity to develop
may force you to take a day or two off from entries until
conditions in the market shape up properly.
The time taken off by traders during the waiting periods, if you
have limited yourself to only one or two combinations, will
allow you to spend time with personal studies.
Others, who have expanded their forex trading
portfolio to include numerous country combinations, have more
opportunity and will find themselves busy enough to eventually
become full-time traders, if they’re not already trading
full-time. It seems there is opportunity in the forex
marketplace almost 24 hours a day, if you have the proper tools
to assist in alerting you of possible entries into the market.
Work Smart and Not Hard If you use the CFGSmartCharts or other
similar charting systems, then you will be able to monitor the
multiple River Oscillator Indicators (ROIs) found at the bottom
of the charts while using the automated notification software
for time-compression agreements. This will cut down on the time
needed in front of your computer screen for the best alerts if
trading Cherry-type trades, ROI trades, and other types of
modernistic signature trades.
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(A Cherry-type trade is a trade with a high
percentage chance that it will be successful. An example would
be as follows: If a trader views a ROI strike on a .50 level on
a timeSelections from CFG Newsletters 103 compression with at
least three other, different, time compressions revealing a fib
strike on different fib levels with a RC X and all pointing in
the same direction—then an entry of this type would carry a
lower degree of risk.)
The signal icon found at the top of the charts allows you to set
the other alarms to
alert you when your favorite trade type appears. Signals on any
software system are not guaranteed; however, they are great
market watchers to alert you that maybe something is about to
happen in the market. These alerts allow you to pull the chart
up for proper verification before you commit to an entry, thus
reducing your risk of failure.
Monitor Several Time Compressions at One Time If you have the
ability to use a PCI- or ROI-type of oscillator, there are
several settings that you may use to coordinate with a Fibonacci
level. For example, when a Fib strike is made at a .50 level,
then you would check to see if other multiple Fib-level strikes
are occurring on other time compressions. When two moving
average lines are coordinated or synchronized properly with a
PCI (percentage chance indicator) or an ROI, then you should
easily be able to compare time-compression Fibonaccis. Traders
who use SmartCharts trading software have the display already
set to visually observe these types of time-compression Fib
comparisons.
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