Quote:
Originally Posted by goldensight
Hi Archie 2000, One of the reasons why you may be having problems is that you are using the rules that someone other than yourself created. I would suggest that you consider doing four simple things to help yourself to create better entries and exits.
1. Try using a one hour chart or a 4 hour chart, the higher you go in time frames the stronger the support and resistance levels are.
2. Spend several hours per day and scroll back a minimum of one year and then slowly scroll forward and create your own rules based on the observations of archie 2000.
3. Forward test your new rules/system in a demo account. Use the exact same leverage that you would be using if trading on a live account.
4. Use an honest broker if you think you are having problems with the one that you have. Set up another demo platform with a different company and put on the exact same trades and if your take profits are getting closed out properly in one account but not another then you need to find a better broker if it happens all of the time. But certainly clarify first that it is the brokers fault and not your trading first.
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That means I use other people's rules for determining the resistance and correction,
Is it so that in the market, they are not all the same?
1. Is it so that there is no correlation between H1 and H4 timeframes?
Or there are different resistance and support levels there, which is dominant?
2. This is how I understand the history testing, that is, I try to see these levels in history?
3. Is it so that it is better in demo, my broker told me that it would be inappropriate to trade on demo. Strangely, he could do so specifically so that I lose? ! !
4. in continuation of the post 3 three can be that actually broker was not honest.
Thank you for your good advices.